News – AU – GPU pirates: 300 smuggled GPUs confiscated due to global shortage

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Bitcoin’s recent push of Tesla’s $ 1 for electric carmaker 5 billion investment in digital currency has seen the number of Bitcoin miners rise over warehouses with servers

With GPU demand and prices at all-time highs, some of these miners appear to be turning to contraband to increase their production.As a TVB News report explained, Hong Kong authorities intercepted a fishing boat outside Hong Kong International Airport, that smuggled up to 300 Nvidia CMP 30HX graphics cards

According to the report, officials followed the group of smugglers in a speedboat in the early hours of the morning. Although the smugglers escaped, the owner of the boat was tracked down and arrested

The smuggled products seized included smartphones, exotic foods, skin care products and the 300 unmarked graphics cards

The graphics cards in question were apparently Nvidia’s Cryptocurrency Mining Processor (CMP), the CMP 30HX, the 30HX has no video output as it was specifically designed for mining

The Ethereum hash rate of 26 MH / s announced by 30HX makes it the lowest in the range – for reference, Nvidia’s 90HX-CMP has an Ethereum hash rate of 86 MH / s

The smuggling was likely done with the global GPU shortage in mind The shutdown of chip manufacturers due to COVID-19, as well as increased demand for technology due to restrictions on staying at home, have seen the price of graphics cards rise

A report on digital trends said that while the CMP 30HX is not available in the US, it is listed at a retail price of $ 723 in Dubai, meaning the smugglers’ graphics cards are worth at least a total of 219Had $ 600 on him

According to the TVB news report, the owner of the ship was arrested by the authorities, but the other smugglers were able to flee to mainland China

China is responsible for 70 percent of the world’s bitcoin mining operations – the country’s bitcoin mining CO2 emissions will soon be higher than the Czech Republic’s total production – which means the country may see a surge in similar cases of GPU Piracy Recorded

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Graphics processing unit, Nvidia, cryptocurrency, smuggling, graphics card

News – AU – GPU pirates: 300 smuggled GPUs confiscated due to global shortage
# Global Scarcity
Smuggled Nvidia cards found after high-speed boat hunt
Smugglers transported 300 GPUs in a Mission Impossible style speedboat hunt
So, actual graphics card smugglers are now a thing then
Smuggling graphics cards for cryptocurrencies
Shortage of computer chips leads to international GPU smuggling

Source: https://interestingengineering.com/gpu-pirates-300-smuggled-gpus-seized-amid-global-shortage