Hong Kong customs seize 300 CMP cards

RPGWiZaRD

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Damn, now they will just buy normal GPUs instead but blocking mining I wouldn't personally be against if it was blocked more than nation-wide
 
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DejaWiz

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So, is the communist Chinese government banning regular GPUs in order to prevent them from falling into the hands of crypto miners, as well?
 

schoolslave

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Who would’ve thought that of all governments, China is the only one with a sensible response for this mining crap.
 

SvenBent

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even though I hate what the mining community has done to GPU prices i don't see China's heavy handed governmental control as a good thing either.
They should elevate electricity prices over a certain usage instead making it infeasible to operate big mining operation in the first case

instead of using resources to find mining operation they are now gaining resources and you are no longer needing to find the "Bad guys" and also worsk for massive gpu minning where as looking at CMP cards alone does not
 
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sfsuphysics

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some regions China has bans on crypto mining farms. There were massive surges of electricity demand from crypto mining farms enjoying cheap electricity prices in many regions of China.
But sure keep up with the narratives of why this is being done.
 

DPI

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The words "china" and "bitcoin" in the same sentence, the headline is never be what it seems. It's not an accident that the majority of the BTC chain's processing power is in China. And every head-fake "ban on Bitcoin" they've ever proclaimed (about 7 times historically) that never followed with any enforcement action was also deliberate, because the ensuing price drops enabled major BTC holders including in the government to accumulate more.

As the world transitions to digital currency and slogs through the growing pains of the wild-west, "90's internet" phase of it, China's gaze has been focused forward past that transition with the goal of being majority controllers of it. And they'd burn every last watt at their disposal to ensure it.
 
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schoolslave

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The words "china" and "bitcoin" in the same sentence, the headline is never be what it seems. It's not an accident that the majority of the BTC chain's processing power is in China. And every head-fake "ban on Bitcoin" they've ever proclaimed (about 7 times historically) that never followed with any enforcement action was also deliberate, because the ensuing price drops enabled major BTC holders including in the government to accumulate more.

As the world transitions to digital currency and slogs through the growing pains of the wild-west, "90's internet" phase of it, China's gaze has been focused forward past that transition with the goal of being majority controllers of it. And they'd burn every last watt at their disposal to ensure it.
So everyone subscribing to "cryptocurrency=GOOD, FIAT=BAD" is essentially just supporting China's powergrab? Nice.
Also the "90s internet" was a much better place than whatever this "new internet" ad-infested cancer is. :p
 

Jim Kim

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This is a drop in the bucket. Think how many thousands of GPU's make it into the country to mine.
 

Krazy925

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It's like seeing a local police department post a massive quarter pound weed bust.
We got him. D4143B3C-B6A8-4715-B8FA-AC9B38A16F77.png
 

Lakados

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If you believe it is over "power consumption concerns" and not about cryptocurrency control, I have some news for you.
It’s about a few things control being one, but power consumption and pollution levels are a very big issue for China right now. They are finding that large parts of their farm lands are no longer viable due to pollution they are estimating that at current rates they may be trending towards another famine like they had in 1960. Those in power lived through that and likely have little desire to repeat that experience.
 

undertaker2k8

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Those CMPs are weak ass sh*t, a 3060/3070 laptop will far exceed their output for far lower power draw, not to mention the desktop cards. Part of the reason CMP will do jack in terms of overall GPU demand and prices.
 

Red Falcon

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It’s about a few things control being one, but power consumption and pollution levels are a very big issue for China right now. They are finding that large parts of their farm lands are no longer viable due to pollution they are estimating that at current rates they may be trending towards another famine like they had in 1960. Those in power lived through that and likely have little desire to repeat that experience.
That was less due to pollution and more so because Chairman Mao ordered everyone kill every single songbird in existence because they were shitting on his statues.
Little did he know, that killing off songbirds would heavily effect the food chain, and allowed bugs to run rampant, thus killing off everyone's crops and starving everyone - except those in power, of course.

I find it really ironic that China is having such severe issues with pollution, and have been for the last 40+ years, considering they blame the EU and North America for the world's pollution - almost the same way they blamed everyone else for COVID-19... :whistle:
 

Lakados

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That was less due to pollution and more so because Chairman Mao ordered everyone kill every single songbird in existence because they were shitting on his statues.
Little did he know, that killing off songbirds would heavily effect the food chain, and allowed bugs to run rampant, thus killing off everyone's crops and starving everyone - except those in power, of course.

I find it really ironic that China is having such severe issues with pollution, and have been for the last 40+ years, considering they blame the EU and North America for the world's pollution - almost the same way they blamed everyone else for COVID-19... :whistle:
Well, the rest of the world turned them into the manufacturing mecca of the world, that is dirty work, which is why they have started to curtail it a little, even China is outsourcing their dirtier things now, mostly to India (it's cheaper). When it started they weren't in a financial position to say no, that has very much changed so they get to be far more discerning on what they do and don't want going on inside their borders. So if you twist the narrative slightly they aren't exactly wrong, and technically correct is the best form of correct.
 

1_rick

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Well, the rest of the world turned them into the manufacturing mecca of the world, that is dirty work, which is why they have started to curtail it a little, even China is outsourcing their dirtier things now, mostly to India (it's cheaper). When it started they weren't in a financial position to say no, that has very much changed so they get to be far more discerning on what they do and don't want going on inside their borders. So if you twist the narrative slightly they aren't exactly wrong, and technically correct is the best form of correct.
You know, the Soviets trashed the environment too. Go look at the Aral Sea now vs 50 years ago. What was their excuse? "The West forced China to be massive polluters" seems a bit just-so.
 

Mega6

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Nobody forced china to do anything. Their transition through their own industrial revolution era was calculated and chosen by themselves.
 
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