Cloud mining Vietnam: they imported more mining equipment for the last 3 weeks than for the whole last year

January 29, 2018 | By | 3 Replies More

Cloud mining Vietnam: they imported more mining equipment for the last 3 weeks than for the whole last year

Cloud mining Vietnam is the hottest topic at the moment. Tax and customs board of Ho Chi Minh City informed recently, that there were transported almost 8 thousand of mining equipment for the last 20 days. This figure surpasses all the amount of imported equipment for the last year. After diligent analyzing of cloud mining services, such as Hashflare, which is known all over the world today, we can observe considerable changes in Vietnam.

A deputy director of the board stated that starting from January 1 until January 23, there were brought 7932 specially created settings for mining. Moreover, the expenditures are produced as well, covering approximately $12,5 million with a national tax of $1, 23 mln.

At the moment, the price for such farms is extremely high, but it does not stop those who strive to mine bitcoins. According to the information provided, an average price for one equipment makes more than 70 mln VND. You can find even some places where they cost over 100 mln VND.

Most of the mining equipment units are imported from China, their price today per one unit is about 20-25 mln VND, but selling price was 40 mln DNV in early 2016. Till mid-2017, it was discovered that their prices soared very quickly and more than twofold.

What do the Vietnam authorities think of Cloud mining and all that stuff?

Currently, such actions as farms importing and directly mining operations themselves are not determined according to the city legislation. That is a common situation for many countries and cities, and authorities think it is essential to elaborate the appropriate rules and norms for this innovative and independent industry. According to the Vietnam National Bank, the Bitcoin and alike it digital currencies, are perceived as illegal means of  payment in the country, and those who use such a virtual currency will be fined, as they indicated the fine will be approximately 200 VND and starting from the new year some representatives of mining industry can be possibly convicted of a criminal offence.

That sounds very strange especially today when the industry just started to take shapes and people can even buy goods and services online using their personal online “Wallet” and digital money they earned themselves. Very interesting how it will be further in a year or even two in Vietnam when probably the biggest part of their national society will be engaged in cloud mining, Bitcoins and everything connected with it. It is a great experience that can help people to live differently, and Hashflare company attracts more users thanks to competitive prices and really great contracts.

Cloud mining Vietnam: they imported more mining equipment for the last 3 weeks than for the whole last year

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Comments (3)

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  1. Miranda says:

    They just tired of being a poor country, which depends on the influence of the stronger ones.
    So they began to work hard to extract useful minerals in order to somehow draw on the world arena in trade. And in general, it will be able to raise their economy. Usually, countries such as Vietnam are first off of all clouded minings, and then it turns out that they are leading in this matter.

  2. Sara says:

    Even though Cloud Mining Reviews have changed, but it’s only for the better. Now with the help of this service it is much easier to earn and convert the earned cryptocurrency! I like that you can get coins after 5 minutes of purchase, it’s generally the minimum time. From the list I give my preference to MinerGate. It is very convenient to do calculations for cryptocurrency exchange there.

  3. Ronda says:

    In my opinion hashcoins datacenter is one of the best platforms for cloud protection. The service is very simple and easy to use, will understand everything, even those who are not strong in Russian. Why is my choice in its favor? Because here you can earn several cryptocurrencies from bitcoin to zcash!Such variety and convenience in one place that perfectly will save you time.

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Comments (3)

Trackback URL | Comments RSS Feed

  1. Miranda says:

    They just tired of being a poor country, which depends on the influence of the stronger ones.
    So they began to work hard to extract useful minerals in order to somehow draw on the world arena in trade. And in general, it will be able to raise their economy. Usually, countries such as Vietnam are first off of all clouded minings, and then it turns out that they are leading in this matter.

  2. Sara says:

    Even though Cloud Mining Reviews have changed, but it’s only for the better. Now with the help of this service it is much easier to earn and convert the earned cryptocurrency! I like that you can get coins after 5 minutes of purchase, it’s generally the minimum time. From the list I give my preference to MinerGate. It is very convenient to do calculations for cryptocurrency exchange there.

  3. Ronda says:

    In my opinion hashcoins datacenter is one of the best platforms for cloud protection. The service is very simple and easy to use, will understand everything, even those who are not strong in Russian. Why is my choice in its favor? Because here you can earn several cryptocurrencies from bitcoin to zcash!Such variety and convenience in one place that perfectly will save you time.

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