Vietnamese Hurry to Import Mining Rigs

Viatnmese



Mining

Vietnamese investors are in a hurry to import crypto mining equipment. As the bitcoin price continues to flourish — despite the Chinese putting a stop to domestic ICOs — investors desperately want mining equipment. However, the legality of bitcoin and cryptocurrency in Vietnam is unclear, and getting miners through customs is difficult.   

Also read: Lead Developer Amaury Séchet Discusses the Future of Bitcoin Cash

A Vietnamese article elaborated: “In Vietnam, Vietnamese Hurry to Import Bitcoin Mining RigsThe General Department of Customs (GDC) is still considering whether to allow computers imported to mine bitcoin to get custom’s clearance. The State Bank of Vietnam recently affirmed its viewpoint on not recognizing virtual currencies, including bitcoin, as a legal currency and payment instrument in Vietnam.”


Mining and Mining Equipment in Vietnam

Regardless if the Vietnamese government legally recognizes Bitcoin, investors are still trying to get their hands on mining rigs. They are wanting equipment for bitcoin, litecoin, and ethereum. It is just that the rigs have become difficult to obtain and expensive. The article provided more information:

One bitcoin mining machine is offered to sell on internet at VND30-60 million. A set of computers for bitcoin mining comprises 4-6 VGA, while the latest-generation machine has 8 VGAs. Just two months ago, computer component suppliers in Vietnam reported that all computers with strong configuration and VGAs were running out because of  high demand from bitcoin miners.

The owner of a computer store in Hanoi, mentioned he generated a lot of revenue as a result of selling bitcoin mining rigs. However, mining is complicated and takes a lot of resources, he said. This means that most people will end up just leasing the equipment. This seems more likely, especially if more powerful systems were running out as a result of the legal status of cryptocurrency in Vietnam.

Must READ:   Russian Crypto News Outlet Shook Down by the Ukrainian Security Service

Legal Status for Bitcoin in Vietnam; Central Bank Commentary

This gold rush for bitcoin mining rigs is occurring as Vietnamese officials determine the legal status of digital assets. News.Bitcoin.com reported the prime minister Nguyễn Xuân Phúc approved a plan to delve into digital assets. However, the government may consider legalizing them. They are considering whether they can be properly integrated into Vietnamese Hurry to Import Bitcoin Mining Rigssociety. More recently, the central bank of Vietnam made a highly skeptical assessment of the technology:

“Regarding the import of Bitcoin machines, Vietnam has not mastered the technology of exploiting virtual money. Most businesses and individuals involved in virtual currency trading will fail. To mine you need specialized computers to dig up Bitcoin and they are very expensive. Due to the “digging” machine installed, unsuspecting investors will fail, qualified investors will also break even or gain a little bit and continue to buy machinery to participate in the Bitcoin digging.”

Do you think Vietnamese mining will continue to pickup? Will the Vietnamese government make mining more or less difficult? Let us know what you think in the comments below.


Images via Shutterstock


Bitcoin.com offers up-to-the-minute charts on bitcoin price and other stats. Our feeds show the bitcoin price index in all three major currencies (USD, CNY, EUR). Also, if you want to dig deeper into how the bitcoin network is performing behind the scenes, check out the statistics page too.

37 Replies to “Vietnamese Hurry to Import Mining Rigs”

  1. Right here is the right web site for everyone who would like to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I personally would want to…HaHa). You definitely put a fresh spin on a topic which has been written about for years. Wonderful stuff, just great!

  2. I found your blog website on google and check some of your early posts. Continue to preserve up the really excellent operate. I just further up your RSS feed to my MSN News Reader. Searching for forward to reading much more from you later on!

  3. Thank you so much for discussing this, I saved the webpage. I’m additionally seeking details regarding certified income, are you aware the place where I can find a thing such as this? I’ll be back quickly!

  4. My spouse and i ended up being very excited that Raymond managed to deal with his survey while using the precious recommendations he got out of the web site. It is now and again perplexing to just choose to be giving away ideas that many the others have been making money from. We fully understand we need the writer to give thanks to because of that. The illustrations you made, the easy website menu, the friendships you can help to promote – it’s most overwhelming, and it is helping our son in addition to the family recognize that the issue is enjoyable, which is wonderfully pressing. Many thanks for the whole thing!

  5. Excellent items from you, man. I have take into accout your stuff prior to and you are simply extremely
    great. I really like what you’ve got here, really like what you are stating and the way through
    which you are saying it. You are making it enjoyable and you continue to care for to keep it sensible.
    I can’t wait to read much more from you. That is
    actually a wonderful site.

  6. I am actually loving the theme/design of your website. Do you face any kind of browser interface situations? Some of my own website readers have complained about my newest jailbreak blog not working appropriately in Internet Explorer yet seems very good in Firefox. Do you have any kind of recommendations to assist fix that situation?

  7. Thanks a bunch for the terrific article! I really enjoyed finding out about it.I will be sure to bookmark this page and will often come back very soon. I wish to suggest you to keep going with the fine writing, even discuss ecojobs also, have a wonderful morning!

  8. Hi there I am really delighted I came across your blog, I actually found you by accident, when I was searching on Aol for how to watch movies online. Anyhow I’m here now and would just love to say thank you for a wonderful posting and the all-round interesting site (I furthermore adore the design), I do not have sufficient time to read through it completely at the moment though I have bookmarked it and also added in your RSS feeds, so when I have sufficient time I’ll be returning to browse a great deal more. Make sure you do maintain the awesome work.

  9. Al Hadi AC Refrigration and Repairing is committed to giving your ACs a new lease of life. We have a team of experienced professionals which has serviced more than a 1000 units, much to the satisfaction of our clients. The effort at Al Hadi has always been to service a call in the shortest span of time and to close it with a happy client. The referrals we get is a testimony to our work. Try our services today!

  10. I’m intrigued to know just what blog platform you are utilizing? I am experiencing a few slight security problems with the latest site dealing with international real estate so I would love to find one thing more secure. Are there any solutions?

  11. I was speaking to a buddy of mine on this and even about inhalers for asthma too. I do believe you made a few very good points here, we’re also excited to read more information from you.

  12. Dr.Punnet and her Teams are really a great cheater in Delhi for IVF, initially they say we will provide world best technology but after getting all money they all can’t do any thing and again repeat cycle or again take money for evry cycle same money, they all are playing with the emotions of allots of couples, God will never forgive you Dr. Puneet. this is very bad clinic, this is only earning money nothing else, avoid this doctor, try in AIIMS, GANGA RAM ANY OTHER Government hospitals are better, all private IVF centre are cheaters, maainly Dr. Puneet is great cheater in Delhi.

  13. Hmm is anyone else encountering problems with the images on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.

  14. Hello could you let me know which blogging platform you’re utilizing? I’m going to begin my own personal website on sports online in the near future though I am having difficulty making a choice.

  15. My partner and I definitely adore your website and find a lot of your discussions to be exactly what I am searching for. Do you offer guest writers to post articles for you? I wouldn’t mind writing an article regarding new home plans or even on a number of the topics you’re writing about here. Again, awesome place!

  16. Are you tired of your ac repair in Dubai? Are you looking for Certified Professionals to carry out your ac repair with improved facilities and in an expert way?. Hot and humid conditions are not easy to tolerate, especially when you are not used to them. But, thanks to the air conditioners – living in such extreme settings can also become a pleasant experience, and more so if you are in Dubai.

  17. My spouse and I definitely love your blog and find most of your blogposts to be just what I’m looking for. Would you offer other people to post material for you? I wouldn’t mind writing a piece of text relating to sofa dry cleaning cost or maybe on most of the topics you write about on this website. Nice place!

  18. Undeniably believe that which you stated. Your
    favorite justification appeared to be on the internet the simplest thing to be
    aware of. I say to you, I certainly get irked while people
    consider worries that they plainly do not know about.
    You managed to hit the nail upon the top as well
    as defined out the whole thing without having side effect , people
    can take a signal. Will probably be back to get more. Thanks

  19. Good day! This is my first comment here so I really wanted to say a fast shout out and tell you I truly enjoy reading your posts. Can you recommend any other websites which deal with advanced excel training? I am also truly curious about this thing! Thank you so much!

  20. I was discussing with a friend of my own about this info and also about rich media distribution as well. I think you made a few great points in this case, we’re looking forward to keep reading stuff from you.

  21. Howdy! This is my first reply on your site so I just wanted to say a fast shout out and tell you I truly enjoy reading through your blog posts. Can you suggest any other websites which deal with bitcoin exchange? I am also pretty intrigued by that! Many thanks!

  22. Howdy I am truly delighted I found this web page, I really encountered you by accident, when I was researching on Aol for new home plans. Anyways I am here right now and would really love to say thank you for a remarkable blog post and the all-round exciting website (I also enjoy the design), I do not have the time to read through it completely at the minute though I have saved it and moreover included your RSS feed, so whenever I have plenty of time I will be back to browse a lot more. Make sure you do continue the awesome work.

  23. Yesterday, while I was at work, my cousin stole my apple
    ipad and tested to see if it can survive a 30 foot drop, just so she can be
    a youtube sensation. My apple ipad is now broken and
    she has 83 views. I know this is totally off topic
    but I had to share it with someone!

  24. Hi! This is my first reply here so I really wanted to say a fast shout out and say I truly enjoy reading through your posts. Can you recommend any other blogs which cover Ethereum wallet? I am as well pretty curious about that thing! Appreciate it!

  25. Hello there! Quick question that’s entirely off topic.

    Do you know how to make your site mobile friendly? My website looks weird when browsing from my iphone 4.
    I’m trying to find a template or plugin that might be able to resolve this issue.
    If you have any recommendations, please share. Thanks!

  26. Hi there! This is my very first reply on your website so I really wanted to give a quick hello and tell you I really enjoy reading through your posts. Can you recommend other sites that deal with traffic citation? I am likewise particularly keen on that thing! Thanks for your time!

  27. Thank you for your wonderful content! I actually enjoyed reading it.I will be sure to save the site and will return from now on. I wish to suggest that you keep on with the excellent writing, maybe blog about traffic citation also, have a fine evening!

  28. Appreciating the hard work you invested in the site and thorough material you offer. It’s amazing to discover a website once in a while which is not the same out of date re-written stuff. Amazing read! We’ve saved your webpage and I am adding your RSS feeds to my valid credit card numbers webpage.

  29. ANPC is a free nation for and by the living men and women of the earth. This Private Nation is a grassroots association based out of Indonesia having its own International Charter, Peace Treaty, Constitution, Rules of conduct and has adopted the Declaration of Human Rights. These Treaties have been Registered by International Notice to the Hague and World Court as well as other agencies worldwide. The entire goal and mission of ANPC is WORLD PEACE and freedom for all the nationals of the world, focusing on a peaceful gathering together of all tribes and nations. Our living men and women are to live as Peaceful Inhabitants on the land, striving always to create a better world today and for future generations.

Leave a Reply

Your email address will not be published. Required fields are marked *