bitcoin

Are Chinese-owned Bitcoin mining giants setting up in the US a security threat?

bitcoinbreakdown

> The world's three largest bitcoin mining machine makers (Bitmain, Canaan, and MicroBT) are establishing US manufacturing operations to dodge Trump's tariffs. These Chinese firms control over 90% of the global mining rig market worth $12B by 2028. While the move shields them from trade war impacts, it raises security concerns about Chinese hardware dominating America's Bitcoin infrastructure, creating potential supply chain vulnerabilities.

Chinese hardware already dominates. This move means American miners pay less taxes (tariffs). Maybe they'll employ some US engineers and help boost demand for more Americans to pursue careers in chip fabrication and electrical engineering in the coming decades.

What did you expect? A US company would spin up a factory and train thousands of engineers overnight? AI and robots aren't ready to replace Engineers yet. The US does not have the talent to build chips here. Too many unemployed English and Communications majors, not enough unemployed engineers for a job to fill a factory like this with domestic talent.
