Hong Kong Customs seizes 300 crypto mining GPUs at anti-smuggling operation

Hong Kong Customs intercepted a sizable volume of pricey exotic foods, makeup and dedicated cryptocurrency mining GPUs in their most recent successful anti-smuggling action.
From the waters off Hong Kong International Authorities on April 2, Hong Kong Customs found suspicious figures offloading cartons from a fishing vessel to a nearby speedboat. While the men successfully fled, the authorities reportedly detained the fishing boat and discovered there a massive batch of apparently smuggled products: everything from dried shark fins and makeup to electronics.Notably, among these products — worth an estimated $31 million in total — were reportedly a stash of over 300 Nvidia CMP 30HX images cards; a fresh line of GPUs specializing in cryptocurrency mining, that Nvidia published earlier this year in order to ensure its additional GPU hardware will stay primarily used by players. “To cover the specific needs of Ethereum mining, we’re declaring the NVIDIA CMP, or, Cryptocurrency Mining Processor, merchandise line for expert mining,” Nvidia explained in mid-February.  The CMP 30HX provides an Ether hash rate of around 26MH/s and is reportedly based on previously 12nm Turing structure. It comes without any screen outputs, because it’s not meant to be utilized for images workloads. The 30HX is said to have already been retailed at over $700, a price point that’s been met with some derision by technology reporters, because of the negative contrast with other, more affordable GPUs which can be used for cryptocurrency mining.Some have theorized that the smuggled cards were en route to China, in which several regional governments have made moves to stop cryptocurrency mining operations, although no evidence as yet exists to substantiate this claim.Back at Hong Kong, the official statement signals that the 43-year-old owner of the fishing boat has been arrested, with an investigation into the foiled operation ongoing. Under Hong Kong’s Import and Export Ordinance, anyone found guilty of smuggling faces a maximum fine of $2 billion and a prison term of seven decades.

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