Tuesday, February 16th 2021
Internet Cafes Are Turning To Cryptocurrency Mining As "Profits are Higher"
An internet cafe in Vietnam has turned to mining cryptocurrency as the pandemic has affected their business. Internet cafes have been ordered to close to limit the spread of COVID-19 forcing the owners to find an alternative use for their computer hardware. The owner of Star Computer computer cafe in Ho Chi Minh city has announced that they will be switching to cryptocurrency mining as the "profits are higher". The cafe is owned by a Vietnamese computer store and has managed to secure a significant number of RTX 3080 GPUs for the mining operations. Star Computer internet cafe has also encouraged other internet cafe owners to contact them about setting up similar operations.
Source:
Star Computer
Star Computers (translation)Switching business season, Profits are higher than net business, whoever wants to do, contact me for free.
44 Comments on Internet Cafes Are Turning To Cryptocurrency Mining As "Profits are Higher"
I just hope Congress passes more taxes on cryptocurrency and y'all pay more in fees and taxes double that of cigarettes' users pay. I think it will happen eventually. In the end, the IRS always gets its money ;)
100MW crypto farm in Russian Bratsk... and there are A LOT of similar farms in China, Iceland and all around the world being build atm, wherever electricity is cheap.
market forces generate the price though.. nothing else.. the people who buy it must think its worth the price they pay else they would not buy..
trog
www.wired.com/story/china-is-still-building-an-insane-number-of-new-coal-plants/
also, you are correct the world has changed in the past many times, thousands of times. but if you do not understand that 200 ppi in the atmosphere to over 400 in less than 200 years, combined with the ocean changes we are seeing already then I'm afraid we might as well not even debate.
So tell me how many GPUs they have, because they look more like banks of ASICs to me.
Trying to gimp computing performance in amd gpus is quite moot, tomorrow there might be a new software that goes better in casio calculators or some shit, or more realisticly tensor cores. There has to be some regulation, but that is also a titanic task. If you force the makers to sell x amount for general purposes and y amount for mining you will have to put some sort of control or identification that has to be worlwide, thus making a lot of people wary of these things because precisely all the cryptocurrency thing relies on independency from goverments, so there will be a very long debate on the matter with too many points of view.
It's a daunting task, and no ones want to stirr the lion in the den.