Asian Internet cafes are converting to crypto mining farms

Posted on Tuesday, Feb 16 2021 @ 10:13 CET by Thomas De Maesschalck
VideoCardz reports there's a new trend in Asia. Due to coronavirus restrictions, a lot of Internet cafes are no longer operating as usual. Under normal circumstances, these places are filled with gamers but now business owners need to resort to adapt to the new situation. Apparently, at least some Internet cafe owners are switching their operation to cryptocurrency mining to chase higher profit.

The photos below show an internet cafe that a computer store owns, you can see mining rigs with a ton of GeForce RTX 3080 video cards. With Ethereum prices reaching new highs on an almost daily basis, there's a big mining frenzy going on right now.

Miners are reportedly making bulk deals with certain add-in board partners and distributors, and some are even buying up GeForce RTX 30 series laptops in bulk to circumvent the shortage of desktop video cards. Graphics cards were already in short supply for quite some time now and it seems the current crypto situation will not only aggravate but also prolong the shortages. A video card is worth more to a miner than a gamer, so this results in absurd pricing like over 50% premiums for the yet-to-be-released GeForce RTX 3060.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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