From Gamers to Miners - the Success Story of Chinese Internet Cafes
The pandemic has taken a heavy toll on the economies of many countries, including China. How did the owners of Internet cafes cope with the situation? Mining centers have been opened!
Due to anti-epidemic measures, many enterprises were on the verge of bankruptcy. Enterprising Chinese began to strenuously explore new areas, including the cryptocurrency industry.
Many Internet cafes, having lost the influx of gamers, quite successfully switched to mining cryptocurrencies. This helped to compensate for the losses, to survive a difficult period, and some brought income, which they could not even dream of.
According to local media, more than 13,000 gaming cafes in China have been quarantined. Traditionally, such enterprises belong to small businesses. Their specificity is a rather narrow specialization, a small target audience, as well as a round-the-clock mode of work.
With the onset of the pandemic, almost all Internet cafes ceased to exist. They have stopped receiving income, the only means to pay rent, taxes and utility payments.
The only way out of this situation for many was the reprofiling of activities. This is what the former owner of the Internet Cafe told about it, and now a successful miner from Nantong, Jiangsu.
"I had 200 gaming computers idle. Now they work all day long, extracting tokens. For a month, cryptocurrency mining brings 6210 dollars. Since September 2020, total revenue has exceeded $31,000. Most Internet cafe owners in Nantong did the same."
A similar story happened to the owner of the business from Zunyi, Guizhou. Before the pandemic, he set up a center for gamers, but it was not possible to run it. But, having converted one Internet cafe for a mining center, the miner did not lose.
Within a couple of months, he had opened another mining center. Currently, it has three centers, two of which mine cryptocurrency, and one works as an Internet cafe. The miner's monthly income is $7,800.
Of course, not everyone did the same. Even now that the restrictions have been lifted, many Internet cafes are less downloaded than before the pandemic. Therefore, the heroes of our article today are sure that they did the right thing.
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