Undeclared Mining Equipment Was Extracted at Ukrainian Customs


Published on 14 Sep. 2018
Photo 2018 09 14 13 57 08

On Thursday, September 13, the State Border Service of Ukraine exposed the citizen of Germany who tried to import undeclared mining devices. The incident happened on the Ukrainian-Polish border crossing point “Krakivets,” informs Zaxid.Net.

The border guards found the batch of computing machines in the car that crossed the border through the green channel.  

German citizen transported 28 complects of computing machines Antminer Z9 mini. These are the devices used to mine the cryptocurrencies with Equihash algorithm - Zcash (ZEC), ZenCash (ZEN), ZClassic (ZCL), Bitcoin Gold BTG), Bitcoin Private (BTCP) and other.

Some of the mentioned cryptocurrencies carried out hard forks to make this ASIC unsuitable. In July, Bitcoin Gold changed its existing Equihash PoW algorithm to the Equihash-BTG aiming to stop ASIC attacks and double expenses.

The average price of one Antminer Z9 mini in Ukraine is around 45 thousand hryvnias. The whole batch costs near 1.3 million hryvnias. The border and customs service employees extracted the devices.

The legislative status of cryptocurrencies in Ukraine is not defined yet. In March, the government complemented KVED with the paragraph about mining, but it didn’t make mining entirely legitimate.

According to the Trading and Economic Development Ministry and due to the data from Blockchain Research Institute, Ukraine is among top-14 countries for blockchain deployment.
 


More news

Cryptocurrency Market Has About 800 Dead Coins


One of the characteristic features of the active market is, ironically, a sufficient amount of unsuccessful projects. Today, this statement concerns the cryptocurrency market, where there are more than 800 dead coins, according to the research conducted by the project Dead Coins.

03 Jul. 2018

Telegram Suggests Keeping Personal Data in Blockchain Passports


The first service of the blockchain platform TON (Telegram Open Network) is now passing closed testing. Personal data storage is one of the platform’s solutions.

10 May. 2018

Venezuela Will Buy Auto Parts to KamAZ for Petro


Caracas and Moscow are discussing the possibility of purchasing auto parts for KamAZ for the Venezuelan cryptocurrency Petro. They are also talking about the cancellation of the customs duties between two countries.

04 Apr. 2018