Asia, coronavirus pandemic, crypto mining, Ethereum (ETH), Gaming, GPU mining, South Korea, south korea cryptocurrency

The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining.

A PC Bang Owner Made Over $3,000 Worth of Ethereum in Two Weeks

According to Chosun, operators of the “PC bangs,†a common term used for the PC gaming rooms in South Korea, leverages their computers to take advantage of the pandemic-driven restrictions.

In fact, owners don’t have certainties on whether or not they can re-open their businesses, and that’s why crypto mining is now an alternative to deal with right now. Some PC bang owners in Seoul are mining ether (ETH) by relying on highly-equipped computers with top-notch graphic cards.

A 34-years-old man named Kim stated that the number of customers reduced significantly due to the pandemic, and his PC bang couldn’t be sustainable with such a situation. He’s now mining ETH with almost 36 computers.

In just two weeks, Kim claimed he earned over 3.5 million won ($3,153), given in the context in the coldest month of the year because of the winter’s peak. PC bang operator praised the current weather conditions, as he saves heating costs by mining cryptos at the same time.

Mining Remains Alive as PC Bang Owners Await a Green Light to Re-Open

Moreover, in South Korea, Chosun states that a PC gaming room’s electricity service is not charged for home use but with regular prices.

But the report states that the crypto mining fever across PC bangs might not last too long, as graphic card prices keep increasing.

However, some of the operators are confident in the current crypto bull-run, as there’s no deadline set to re-open doors for businesses like theirs. Recently, Prime Minister Chung Sye-kyun stated that although vaccinations have been slower, the government expects to achieve herd immunity by the autumn.

What do you think about this maneuver made by the PC gaming room owners? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Xem chi tiết: Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.†Buterin: ‘If You […]

Xem chi tiết: Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report […]

Xem chi tiết: South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Xem chi tiết: Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.†Buterin: ‘If You […]

Xem chi tiết: Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract

Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as […]

Xem chi tiết: More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

Xem chi tiết: Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

Xem chi tiết: Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices

Market Forecaster Jim Bianco Says Ethereum Has a Lot of Upside, Investor Doesn’t Hold Bitcoin

South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

Fund Manager Wisdomtree Files With SEC to List Ethereum ETF on Cboe BZX

Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices

$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned

Other Articles