GPU, RAM, and SSD shortage means they’re being smuggled into China on speedboats
Gaming PC parts have grow to be such a excessive commodity within the nice inventory scarcity of 2020/21 that graphics playing cards, RAM, and SSDs are actually on the centre of smuggling rings. In a narrative that sounds prefer it’s lifted from one among your favorite action-adventure video games, a gaggle of suspicious males fled the scene in a speedboat after Hong Kong customs jumped into motion, however the fishing boat they had been loading from couldn’t make the identical getaway.
On-board, the authorities discovered a cargo containing 300 of Nvidia’s new CMP mining-dedicated graphics playing cards, alongside reminiscence, SSDs, smartphones, and a bunch of different items which might be suspected to be smuggled into the nation. It makes you surprise how a lot they managed to get away with earlier than they had been noticed.
The Nvidia 30HX GPUs alone are value $700 every, with a mixed worth of round $210,000. Since they provide an Ethereum hash price of round 26 MH/s, they’re not notably spectacular because the GTX 1070 can hit an identical price for an overinflated sum of $500 every. Residents of China aren’t more likely to be choosy, nevertheless, as Videocardz notes that some areas have banned crypto mining farms because of energy surges.
Even when the 30HX isn’t any match for an outdated shopper card, it’s nonetheless no slouch as all 300 would have the ability to mine an estimated $5,000-worth of Ethereum each week – and the value of that particular cryptocurrency remains to be climbing.