A row of computer systems are transformed to cryptocurrency mining machines in an Web cafe in HCMC. Photograph courtesy of Tinhocngoisao by way of Fb.
Web cafes in HCMC are switching to cryptocurrency mining because the pandemic prevents regular operations, eliciting increased earnings.
Dinh Thi My Le, proprietor of a gaming cafe in District 3, mentioned her enterprise was compelled to shut down following a social distancing order in Ho Chi Minh Metropolis final week.
“On the similar time, Bitcoin’s worth was rising sharply, so my associates mentioned I ought to change to cryptocurrency mining as machines would encounter errors in the event that they keep inactive for too lengthy,” she mentioned, including her cafe was one of many first in HCMC to make use of the high-quality RTX 3080 graphic card.
“No matter is dug is bought throughout the day. Income rely on cryptocurrency values, however are a lot increased than my normal enterprise,” Le mentioned. A gaming cafe with 25 computer systems might usher in round VND3 million ($130) a day by mining cryptocurrency, as a substitute of the standard VND2 million by way of regular gaming enterprise. Computer systems utilizing highly effective graphic processing models might usher in much more revenue, she added.
Laptop elements trade insiders mentioned the worth of graphic playing cards rose dramatically throughout Tet, due to impacts of the pandemic and the continued Bitcoin fever across the globe. Proper now, a RTX 3080 card may price VND30 million, with provide nonetheless falling far wanting demand.
Switching from gaming to mining cryptocurrency can also be easy, requiring solely further software program and nothing extra, mentioned Le.
“We promote cryptocurrency throughout the day, not saving it so the cash may are available in instantly and we may cease it anytime we need to. The machines are already accessible, so the principle price could be electrical energy. Wherever energy’s low cost, there will likely be extra revenue,” Le mentioned, including her enterprise has six branches in complete.
The worth of Bitcoins hit $52,000 on Wednesday, a file excessive for the cryptocurrency as analysts warned towards the sustainability of such costs amid elevated volatility, Reuters reported.