Demand for crypto mining rigs in Vietnam increases with Bitcoin prices, report unveiled-mining Bitcoin messages
Demand for crypto mining rigs in Vietnam increases with Bitcoin prices, report unveiled-mining Bitcoin messages
Higher cryptocurrency prices have recently been restored to digitally restored Coin coin embossing in Vietnam. Crypto mining is again considered an investment option, with other options restricted by the continued coronavirus pandemic that affects the Asian country.
Vietnam's sales and prices of Krypto Mining Rigs Spike in September
The demand for crypto mining devices is in Vietnam according to the market recreation that saw the price of saw btc to move again via the 50,000-Dollar threshold, Vnexpress reported. The prices for hardware that are used to shape Bitcoin, Ethereum and other cryptocurrencies have also risen because many Vietnamese miners are now looking for mining components.
In conversation with the online newspaper, Quang Thuan, owner of several crypto hardware shops in Ho-Chi-Minh-Stadt, found that the Mining-Rigs market was dark a few months ago after the leading cryptocurrency had fallen below $ 30,000 in July. However, he announced that his sales had tripled at the beginning of this month compared to the August volume.according to Le Hung, administrator of a Vietnamese crypto mining group with 80,000 members, two key factors have made this relaxation easier. "First, Bitcoin, Ethereum and other cryptocurrencies at the same time experienced price increases and miners have started making profits," he said in a conversation with the Vietnamese news agency and continued:
A crypto entrepreneur from Vietnam's southern province of Dong Nai gave further insights into the means that are needed to found a mining company now. "The establishment of this mine cost me almost 3 billion and ($ 130,400)," said NGOC van, who recently built an Ethereum mining system. "All rigs are new and stable. I hope that I can amortize the investment in six months," he added.
While Vietnamese miners can buy graphics processors ( gpus ) and build up their own drilling devices, including fully assembled mining machines, including drilling systems from China, where an ongoing has numerous has numerous Mining companies closed. "On average, a drilling device is sold for $ 30 million ($ 1,300)," said another owner of a hardware store in Ho-Chi-Minh-Stadt.
According to NGOC van, the best -selling devices are equipped with graphics cards from the leading graphics chip manufacturers AMD and NVIDIA and more expensive. The prices for these drilling rigs are currently fluctuating between 80 and 100 million Vietnamese Dong or $ 3,500 to $ 4,400. That is around 5 million dong ($ 220) more than in mid-August.
Vietnam still has to properly regulate cryptocurrencies and associated business activities. In May of this year, the government in Hanoi Ministry of Finance said a thorough investigation of the matter. Cryptos are not recognized as a means of payment and the State Bank of Vietnam previously warned of the risks of possession, trade and use of crypto.
According to the data from Statista published in February, the state had the second highest rate of use of cryptocurrencies under 74 examined economies, driven by transfers, stated Vnexpress. A survey made by Finder in 27 countries last month that Vietnam showed that Vietnam showed the highest percentage of crypto owners.
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