(BlockBar) Bitcontinental’s head of operations in Russia says the waiting time for Bitmain’s hardware increased this year, with the launch of the next batch of bitcontinental’s S17 ASIC as early as December.
The Russian Federal Customs Service recently began an investigation into both The Far-east Trading and Industrial Company, or DTPK, an importer of bitcoin mining machines, over a potential shortfall in the payment of tariffs. Specifically, DTPK imported a total of 6,012 bit-continental ASIC mining machines from August 2017 to February 2018, with unpaid tariffs likely to amount to $1.2 million.
As stated by a search warrant issued on July 17, Mosco-based DTPK showed customs officers forged documents that provided incorrect equipment prices, including Antminer s9-13.5, L3+ and D3 models, and their power components.
Market participants say most mining equipment shipped from China to Russia may lack proper documentation.
The company also reported to customs that it had purchased MSR mining machines from South Korea through a Hong Kong company called Manli. However, when Russian customs officials investigated, MSR said it had no contract with DTPK other than a expired contract signed in 2012.
Intelion, another cryptocurrency mining company, is also involved in the investigation into the import of ASIC mining machines. Alexander Shashkov, the company’s founder, said customs officials suspected that DTPK imports ended up at Intelion’s data center. Although Shashkov did not think Intelion was connected to the machines under investigation, customs officials eventually seized 2,500 ASIC machines held in the company’s custody because customers who owned them could not provide valid documents.
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