• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
Computer Business World News

Computer Business World News

Trending News about Computers, Business and Tech

  • Home
  • BUSINESS
  • CAREERS
  • CLOUD
  • COMPUTERS
  • CYBERSECURITY
  • I.T.
  • TECH
  • VOIP
  • About

Smugglers transported 300 GPUs in a Mission Impossible-style speed boat chase

by

The GPU market has been in a tailspin over the last several months, and now, the coveted cards are showing up in the hands of Chinese smugglers. TVP News reports that the Hong Kong Customs and Excise Department intercepted a fishing boat outside of Hong Kong International Airport, busting a smuggling ring that was transporting up to 300 Nvidia CMP 30HX graphics cards.

In a scene ripped straight from Mission Impossible, Hong Kong authorities chased the group of smugglers in a speed boat in the early hours of the morning. Although the smugglers got away, the owner of the boat loaded with goods did not. Among typical fodder for smugglers, including exotic foods, skincare products, and smartphones, the Hong Kong authorities seized 300 unmarked graphics cards in the 2 a.m. raid.

The cards appear to be Nvidia’s Cryptocurrency Mining Processor (CMP), or more specifically, the CMP 30HX. The 30HX is the lowest of the range, with an advertised Ethereum hash rate of 26 MH/s. Although the CMP 30HX isn’t available in the U.S., it has been spotted for $723 at a retailer in Dubai. That’s $219,600 worth of graphics cards.

For some context, a GTX 980 and a GTX 1660 both have a higher Ethereum hash rate. These cards shouldn’t be more than $200, but both are commonly selling above the $500 mark on secondhand markets.

It’s clear that gamers and enthusiasts weren’t the target of the smuggling operation. Without any video outputs, the CMP 30HX is good for cryptocurrency mining and nothing else. Perhaps the mining market is larger than most expect, or maybe consumer GPUs just aren’t available to smuggle. Regardless, one thing remains clear: GPU demand is at an all-time high.

The smugglers were clued into other shifts in the world of tech, too. Along with a tear-jerking number of graphics cards, Hong Kong officials seized several kits of system RAM, likely in preparation for DRAM price increases coming down the pike.

The owner of the ship was detained by authorities, but the other smugglers made off to mainland China. As for the cards, they’ll likely live in a cold evidence room, much to the dismay of anyone looking for a little GPU horsepower.

Editors’ Recommendations

View Source

Filed Under: BUSINESS, TECH Tagged With: Computing, GPU Mining, Hong Kong, News, Nvidia, RAID

Primary Sidebar

More to See

Deutsche Telekom and FC Bayern extend it’s over 20 year-long partnership

The excellent 20-year collaboration between FC Bayern and Deutsche Telekom (DT) has been extended to 2027. The two partners will keep delighting … [Read More...] about Deutsche Telekom and FC Bayern extend it’s over 20 year-long partnership

Tidy double-decker screen setup offers a flexible way to multiscreen

Lighting up Kickstarter this week is the Geminos X, a fresh and very tidy approach to multi-screen monitor setups. Two 24-inch monitors unfold … [Read More...] about Tidy double-decker screen setup offers a flexible way to multiscreen

Denton County’s proposed budget lowers tax rate, prioritizes public safety and cybersecurity – Cross Timbers Gazette | Southern Denton County | Flower Mound

Denton County announced Tuesday that its $371 million Fiscal Year 2022-2023 recommended budget earmarks an estimated $7 million for cybersecurity … [Read More...] about Denton County’s proposed budget lowers tax rate, prioritizes public safety and cybersecurity – Cross Timbers Gazette | Southern Denton County | Flower Mound

Footer

SITE INFORMATION

COMPUTER BUSINESS WORLD NEWS

About/Contact

Privacy Policy

Thank you for visiting our website.

Recent

  • In a world of Ambient Computing, Israel remains static
  • Deutsche Telekom and FC Bayern extend it’s over 20 year-long partnership
  • Tidy double-decker screen setup offers a flexible way to multiscreen

Search

Copyright © 2022 Computer Business World