Recruited aircraft and bid wars: How bitcoin mines raced to overcome the Trump tariff

For companies that import goods from Southeast Asia, such as Luxor, the timing of Trump’s advertising was not particularly useful, coinciding with the feast, which was celebrated at the end of Ramadan. Initially, Luxor’s attempts were not answered to arrange assembly. In some cases, Persyle says, “The factories have lines of trucks in front of them.” But in the end, in light of the circumstances, the warehouse agreed to prepare the charges of the devices.

“We had to contact many people on the side of the supply chain to allow us to pick up,” says Lynn. She says the arrangement of a group within a few days, in the middle of a public holiday, will be “almost impossible.” “This never happened before this news erupted.”

On April 3, Luxor began to provide bids to a rented plane of $ 12 million, which was large enough to fill a plane. Lin prepared the camp in the customer’s office, so that she could transfer messages directly from the recharge, which was negotiating with air transport companies.

With the progress of today, price offers for rented aircraft continued to rise. Every time the Luxor customer offers an offer, another party came above the summit, and the negotiation cycle began. “We had a very short window to make a decision. I don’t think it is customary to need to make a decision of millions of dollars within a short window,” says Lin.

By midnight, Lin heated a final offer of $ 1.76 million, she says. But by the morning of April 4, it claims that the offer was gas – the bullets rose to $ 3.5 million. According to Sealion Cargo, the prices of some types of air charging reached 10 times the normal rate in the first week of April.

The vineyard and her customer abandoned a plan to rent a plane.

Meanwhile, at goods in some major airports in Southeast Asia, things began to collapse.

“It was an absolute chaos,” says Birchill, who traveled to Thailand, Malaysia and Singapore to monitor the progress of shipments. “There were a lot of goods in the stations, to actually get goods through stations, through X -ray slips, and next to the plane was a challenge in itself,” he says.

At Suvarnabhumi Airport in Bangkok, Berschel remembers that the accumulation of platforms has created Logjam. With a few available space, truck drivers were transporting boxes from their cars towards the airport station. Police officers were handy to control swelling crowds. “It was a kind of concert, but it is a shipping concert,” says Bershyl.

In this turmoil, even importers who managed to secure the departure of the departure aircraft, they risked the opportunity to download their charges during their struggle to overcome Logjam to the plane. “The chance of losing a plane, and losing a download window,” says Persyle. “There were many situations in which we were literally minutes.”

Thailand airports, which run the Suvarnabhumi Airport, did not respond to the suspension.

On April 8, Vlad Senvsky sat in his office in Montreal, pending the arrival of the last pieces of goods and calculating the amount of money he lost. Siniavsky is the founder of ASICXCHANGE, another Bitcoin mining trading company in the tariff.