Odaily Planet Daily News Recently, the People's Court of Jiahe County heard a case involving a contract dispute over 'mining' equipment and ruled to dismiss the plaintiff's lawsuit. The plaintiff, Pan, and the defendant, Lei, communicated via WeChat to order S19XP Bitcoin 'mining' equipment. After the plaintiff paid 23,678,136.90 USDT (Tether), both parties had disagreements over the nature of the contract and the settlement price. The plaintiff requested a refund of the price difference of 6,270,457.36 USDT and continued delivery of 149 machines. The court held that the focal point of the dispute was the validity of the contract. According to notices issued by the People's Bank of China and other departments, virtual currencies do not have the status of legal tender, and related transactions are considered illegal financial activities, rendering civil legal actions invalid. At the same time, the National Development and Reform Commission and other departments also issued documents prohibiting 'mining' activities of virtual currencies due to their high energy consumption, high carbon emissions, and low contribution to the national economy. Therefore, the plaintiff's act of purchasing S19XP 'mining' equipment from the defendant violated laws and administrative regulations and contravened public order and good morals, making the civil legal action invalid. The court dismissed the plaintiff's lawsuit, including the requests for a refund of Tether and continued delivery of the mining machines, with the relevant consequences to be borne by both parties themselves.

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