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Nearly 8000 Mining Rigs to be Imported

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

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

Currently, {the {price|purchase price} of {bitcoin mining|mining} rigs|the {price|purchase price} of mining rigs that are bitcoin|{bitcoin mining|mining} rigs’ {price|purchase price}} {is {quite|rather}|is} high, from 70 to 80 million [VND]; {some|a few} {{places|areas} even|{places|areas}} [sell them {for|}] {up to|around} 100 million [VND] {per|each} machine.

The {publication|book} noted {that {most|many}|that} mining rigs are imported from China, {adding|including} {that ||although }they cost {approximately|roughly} 20-25 million dong each but were {sold for 35-40 million|sold} dong each {in {early|ancient}|in} 2016.  By mid-2017,”{the|that the} {price|amount} of mining rigs increased to VND 45-60 million {per|each} machine and at present, {although|even though} the {price|purchase price} of bitcoin {decreased|diminished}, the {price|purchase price} of mining rigs {still |}increased to VND 80-90 million {per|each} machine,” the publication added.

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

No Regulations {Yet|Nevertheless }

Tuyen {explained|clarified} that mining rig imports and mining operations in the city are”still normal {because|since} there are no regulations for the import of {such|these} {goods|products},” Tianphong quoted him. {Currently|Presently},”the State Bank has {confirmed|verified} that bitcoin and other {similar |}virtual currencies {are not|aren’t} legal {means|way} of payment in Vietnam” and residents using them as such”will be fined 150-200 million [VND], and {may|can} be subject to criminal prosecution from January 1, 2018,” the {publication|novel} {emphasized|highlighted}.

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

{{Virtual currency|Currency} {in general|generally}, and bitcoin and litecoin {in particular|particularly}, {are not|aren’t} currencies and are {not legal|not} {means|way} of {payment under {the Vietnamese |the |}law|payment}|{Virtual currency|Currency} {in general|generally}, and are {not legal|not} {{means|way} of payment|{means|way}} under the law that is Vietnamese and bitcoin and litecoin {in particular|particularly}, {are not|aren’t} currencies|{Virtual currency|Currency} {in general|generally}, and are {not legal|not} {means|way} of {payment under {the Vietnamese |the |}law|payment} and bitcoin and litecoin {in particular|particularly}, {are not|aren’t} currencies|Bitcoin and litecoin, and {virtual currency|currency} {in general|generally} {in particular|particularly}, {are not|aren’t} currencies and are {not legal|not} {means|way} of {payment under {the Vietnamese |the |}law|payment}}.

What do you think {of|about} {the|this} Vietnamese mining {industry|sector} growing so {quickly|fast}?  {Let us know|Tell us} in the comments section below.

{Images|Pictures} courtesy of Shutterstock.

{Need|Have} to {calculate|compute} your bitcoin holdings? Check our tools section.

Source: {bitcoincasinoreview.info|bitcoincasinoreview.net}

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