Mining, Merchants, and Traders—Thailand’s Got the Bitcoin Fever

On June 22 a large group of people gathered at a computer expo in Thailand to purchase computer components to mine cryptocurrencies. According to reports, there is a nationwide shortage of graphics processing units (GPU:s) due to Thailand residents mining digital assets like Ethereum and Zcash to trade for BTC. Veerachai Morprapaipan, the store owner who helped organize the expo at the Queen Sirikit Convention Center said there were so many people he lost track of how many customers attended.

One customer, Niratcha Sukyu states “I’m buying as many pieces as I can get my hands on.” The GPU vendor from Thailand details that many altcoins have increased in value and local miners are trading them for bitcoin. Veerachai’s booth ‘TH Miner’ got a lot of attention as the company sells complete GPU mining packages and other components. According to Veerachai one of his machines sold for 109,000 baht that day.