Topic: Internet Café: Considering accepting Bitcoins. - page 2. (Read 2705 times)

^ This

Who cares?  They're paying (the equivalent of) dollars by the hour to be there, while the mining produces pennies per hour.  Sounds profitable.  They're paying for the computer time, let them mine!

little question on the side... when you open up an internet cafe with computers equipped for gaming, how will you stop people from mining the coins they pay you? I mean, you're basically attracting a target group that will try this exactly.

About dealing with prices, well, either use bitpay, or consider a diversified strategy, where you adjust your prices once a week(except in cases where there's 100% in/decrease in BTC value), trade in 50% of your profits for fiat, and store the other 50% to sell them at a point where you make profit from them.(IE, if the price is $3/coin, you convert 50% to fiat, gaining $1.5 direct profit per coin, and you keep the other 50% until the price doubles in a rally)

this might also help to counter those that are into bitcoin for their own quick get rich in 5 minutes profit, as those are the ones that are killing bitcoin right now.

Unfortunately, for a business model like yours to be sustainable, bitcoin needs a price that doesnt fluctuate more than 10% in a week. Bitcoin is far away from that. However, you could also do a local cash for bitcoins exchange. That could help your business model.

BTW - if you opened your cafe, be sure to post an address, I might fly by, just because I love the idea!(you'll have to entertain me though, I'm not really from the kinds of gamers).

PPS: If you need a wireless hotspot system that can be paid for in bitcoin for your internet cafe(aka captive portal with payment option), shoot me a PM!

I love the idea of one but they're only really big in asian culture.

I could probably talk for years on my plans for it.

I've had a similar dream, as I frequented a few of these when I was a bit younger and always thought it was a great business. 

I would go. That's all I have to say.

well, there would be no reason for you not to accept bitcoin.

That was my idea, cas is obviously just throwing into the pot.

I think it could be a really interesting niché and offering shares could definitely help me get started.

Now I'm confused. I thought you were talking about a regular internet cafe where people could play games, but pay with bitcoins - pay for food/drinks/internet?

You could sell bitcoins and encourage people to gamble them at a website of your choice where you get the profits.  Plausible deniability that you're behind the casino.

Just kidding, that probably would be illegal, people get busted for "internet cafe casinos" all the time around here (Utah).  You probably wouldn't last long.  But I would be amused and entertained seeing what efforts they make in an attempt to prove you guilty "beyond a reasonable doubt".

It would be huge if you issued glbse shares for this. I'm sure a lot of people would be willing to invest. As for the price fluctuations you could use something like bitpay to convert to fiat on the spot until btc price becomes more stable.

Right, I'll start with a little back story. I've had this dream, ever since I was what? 16 that I wanted to make an Internet Café, the Gaming kind. Computers, Alcohol, Coffee and DAMN good sandwiches. All with an interesting look inside, Manga, Comics, figures, cool art work- and after about half a year of getting into Bitcoin, I'm wondering: When I finally save up the 40K I'm saving through doing crappy jobs, should I start taking bitcoins?

How would I go about doing this (effectively) etc.

I think it's an interesting thought, to say the least.

How would you deal with the up and down price?

Sell it to me.