Nearly 8000 Mining Rigs to be Imported

The Ho Chi Minh City (HMC) Customs Department has revealed the amount of mining rigs that are on the list to be imported during the first 3 weeks of January.

The customs department’s deputy director, nguyen Thanh Tuyen, told the HMC Law Department on January 24 that between January 1 and 23, a total of 7,932 mining rigs are currently waiting to become customs-cleared, Tuoi Tre reported.  He added that the complete value of the rigs is”almost $12.3 million…[and] the amount of tax paid to the [city’s] budget 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]; a few places [sell them for] up to 100 million [VND] per 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 dong each in 2016.  By mid-2017,”that the price of mining rigs increased to VND 45-60 million each machine and at present, although the purchase price of bitcoin decreased, 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 recently reported that a total of 7,005 mining rigs that were known were imported in 2017. The majority of them, 5,527 rigs, were imported between November and December 21.  Only 1,478 rigs were announced entering the country between January 1 and October 31 of last year, according to the HMC Customs Department.

No Regulations Nevertheless

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 products,” 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 publication highlighted.

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

Currency generally, and bitcoin and litecoin particularly, aren’t currencies and are not way of payment.

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

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Source: bitcoincasinoreview.info