Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has shown the number of mining rigs which 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 become customs-cleared, Tuoi Tre reported.  He added that the total value of the rigs is”nearly $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 price of bitcoin mining rigs is high, from 70 to 80 million [VND]; a few places even [sell them for] up to 100 million [VND] each machine.

The book noted that many mining rigs are imported from China, including although they cost approximately 20-25 million dong each but were sold for 35-40 million dong each in 2016.  By mid-2017,”that the price of mining rigs increased to VND 45-60 million per machine and at present, although the 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 mining rigs that were known were imported in 2017. Most 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 clarified that mining rig imports and mining operations in the city are”still normal since there are no regulations for the import of such goods,” Tianphong quoted him. Presently,”the State Bank has confirmed that bitcoin and other similar virtual currencies aren’t legal means 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 emphasized.

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

Virtual currency in general, and are not way of payment under the law that is Vietnamese and bitcoin and litecoin in particular, aren’t currencies.

What do you think about this Vietnamese mining sector growing so quickly?  Let us know in the comments section below.

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Source: bitcoincasinoreview.info