septiembre 18, 2017 | Posted in:Blog

Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has shown the number of mining rigs that are on the list to be imported during the first three weeks of January.

The customs department’s deputy director, nguyen Thanh Tuyen, told the HMC Law Department on January 24 that between 23 and January 1, a total of 7,932 mining rigs are waiting to be customs-cleared, Tuoi Tre reported.  He added that the complete value of these rigs is»almost $12.3 million…[and] the amount of tax paid to the [city’s] funding is almost 28 billion dong [~$1.23 million].»  Tianphong elaborated:

Currently, the purchase price of bitcoin mining rigs is high, from 70 to 80 million [VND]; some areas even [sell them for] around 100 million [VND] each machine.

The publication noted that mining rigs are imported from China, including they cost approximately 20-25 million dong each but were sold dong each in 2016.  By mid-2017,»that the amount of mining rigs increased to VND 45-60 million per machine and at present, although the purchase price of bitcoin diminished, the purchase price of mining rigs still increased to VND 80-90 million each machine,» the publication added.

News and bitcoin gaming and casino games.Bitcoin. Com reported that a total of 7,005 known mining rigs were imported in 2017. The majority of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were declared entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Yet

Tuyen explained that mining rig imports and mining operations in the city are»still normal since there are no regulations for the import of such products,» Tianphong quoted him. Presently,»the State Bank has verified that bitcoin and other similar virtual currencies are not legal way of payment in Vietnam» and residents using them as such»will be fined 150-200 million [VND], and can be subject to criminal prosecution from January 1, 2018,» the novel highlighted.

Nguyen Hoang Minh, deputy manager of the State Bank’s HMC branch, was quoted saying:

Bitcoin and litecoin, and virtual currency generally in particular, are not currencies and are not legal way of payment under the law.

What do you think about this Vietnamese mining industry growing so quickly?  Tell us in the comments section below.

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