South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic – Mining Bitcoin News


South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic

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.

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

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

Felipe Erazo

Born in Colombia, Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking and holds a Bachelor of Arts in Social Communication. He is a writer with more than nine years of experience, first in the Forex field and later in the crypto industry as an analyst/news junkie. Among his interest topics include human rights, decentralization, financial markets, geopolitics, sports, and new technologies. An inveterate traveler, and always attracted to a good plate of food.

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