The news that about 20% of Internet cafes in South Korea have closed their doors to mine Bitcoin and have achieved much higher than usual operating income has aroused heated discussion among many netizens. But in my opinion, this is a normal phenomenon, and it also reflects the popularity of Bitcoin from the side.
1. It is considered a normal phenomenon
Although there have been reports in China that Internet cafes have closed down and turned into Bitcoin mining farms, about 20% of Internet cafes in South Korea have closed down for mining. When the news about Bitcoin came, it was indeed a bit surprising. You know, although South Korea is not very big, the number of Internet cafes is quite large. But if you think about it carefully, it seems to be reasonable. After all, with the popularity of personal computers and the impact of mobile games, the business of Internet cafes is indeed worse than before. Moreover, the current Bitcoin market is relatively hot, and Internet cafes have computers and networks, making it seem logical for Internet cafes to transform themselves into mining. In addition, it is not surprising that Internet cafes can obtain much higher than usual operating income through mining. You must know that the owner of the Internet cafe is not stupid. If the operating income is not good, if mining cannot make him money, then he will not choose to close the shop for mining.
2. It reflects the current popularity of the Bitcoin market from the side
For Internet cafe owners, it is more or less helpless to choose to transform Internet cafes into mining. After all, mining The mining machinery and hardware losses are relatively large, and the power consumption is relatively large. However, since the operating income is not good, their move can be regarded as a self-rescue behavior. And this behavior also reflects the current popularity of the Bitcoin market from the side. Especially after Bitcoin’s continuous rise, more and more people are paying more and more attention to it, and there is gradually more news about Bitcoin. What followed was a serious shortage of graphics cards, especially the 30 series graphics cards. Now it is even more difficult to find a card. But no matter what, the current Bitcoin market is indeed very hot.
In general, with the popularity of Bitcoin, about 20% of Internet cafes in South Korea have closed their doors to mine Bitcoin. It seems a bit surprising but seems reasonable.