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They are renting Boeing 747s to carry moving the AMD and NVIDIA GPUs to mine Etheruem and Zcash as soon as possible

Such is the madness of mining Ethereum and Zcash cryptocurrencies, that some large miners are renting Boeing 747s aircraft, to bring AMD and NVIDIA graphics as fast as possible and mine as soon as possible.

AMD's situation economically is in a great moment, with financial data that had not been given for a long time, especially thanks to the AMD Ryzen processors and the massive sale of thanks for the mining of the cryptocurrencies Ethereum and Zcash. Two good times have come together for the company, which has also led to the company's shares rising up to 152% in the last twelve months, something really spectacular and that we hope will be maintained over time, at least.

Thanks to the 'high demand' from miners, according to Lisa Su, CEO of AMD, the company is in a great moment and has pulverized all the estimates made by analysts. That Ethereum and Zcash rose so much in value and that Ethereum also competes face to face with Bitcoin for being the first cryptocurrency on the market, has allowed AMD to face an unexpected situation, the total shortage of RX 470/480/570 / graphics cards 580 and faced with this shortage, miners choose to buy NVIDIA graphics, so something is starting to fall in the garden of the competition.

All this is known, but something that has left us hallucinating is what some miners are doing, which, it seems that they are renting or chartering Boeing 747s aircraft, to fly to wholesalers or the AMD and NVIDIA factories, to buy the graphics and take them away quickly to assemble mining equipment, especially they would go to China. Quartz Marco Streng, CEO of Genesis Mining, has said that 'time is critical, very critical', further adding that 'for example, we are leasing entire Boeing 747s to ship on time. Anything else, like shipping, is missing a lot of opportunities.

Streng further commented that 'when we build our data centers, we have time as the top priority.' He also added that 'time counts so much. We are using the fastest possible delivery. You risk the opportunity to mine for days late. If these are implemented 10 days later, you are losing 10 days of mining, that's the cost. '

Source: Quartz

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Robert Sole

Director of Contents and Writing of this same website, technician in renewable energy generation systems and low voltage electrical technician. I work in front of a PC, in my free time I am in front of a PC and when I leave the house I am glued to the screen of my smartphone. Every morning when I wake up I walk across the Stargate to make some coffee and start watching YouTube videos. I once saw a dragon ... or was it a Dragonite?

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