Taiwan-based computer hardware giant ASUS is the latest player on the blockchain in the cryptocurrency mining business. Reporting from BTCManager, quoting the Hard Fork report on November 29, 2018, ASUS is persuading gamers to mine cryptocurrency when their gaming system is not used.
ASUS partnered with Quantumcloud to develop crypto mining software. According to sources close to this problem, gamers using ASUS devices will be able to mine digital currencies online using their inactive graphics cards.
Revenues from mining can later be disbursed through popular payment gateways such as PayPal or WeChat. ASUS claims the entire mining process is in accordance with the general data protection regulations or GDPR (General Data Protection Regulation), which requires third-party software providers (in this case Quantumcloud) not to store sensitive customer information.
However, the announcement did not provide detailed cryptocurrency information that can be mined through an inactive ASUS graphics card (GPU). There is no clarity regarding the amount of cryptocurrency that can be obtained, or information on fees that might be charged by ASUS or Quantumcloud regarding this service.
Therefore, gamers do not need to expect to become a millionaire overnight. "You won't get rich quickly, but you can make money easily using your inactive GPU," Quantumcloud said on its website.
According to a distributed press release, it is not guaranteed that users of crypto mining software will make a profit or profit. ASUS warns users to conduct cost research themselves before they activate the inactive GPU card for use in crypto mining.
After cryptocurrency euphoria in the first three months of 2018, the crypto mining business is experiencing a continuous decline. For example, GPU manufacturing company Nvidia reported on May 14, 2018, that GPU sales for crypto mining accounted for nearly 10 percent of 2018 first quarter revenue. However, the 2018 third quarter earnings report showed Nvidia's crypto mining GPU demand declined.
Declining GPU demand is also reflected in AMD's third quarter 2018 financial statements. The American semiconductor manufacturing company could barely sell GPUs linked to the blockchain in the second quarter of 2018.
Taiwan-based computer hardware giant ASUS is the latest player on the blockchain in the cryptocurrency mining business. Reporting from BTCManager, quoting the Hard Fork report on November 29, 2018, ASUS is persuading gamers to mine cryptocurrency when their gaming system is not used. ASUS partnered with Quantumcloud to develop crypto mining software. According to sources close to this problem, gamers using ASUS devices will be able to mine digital currencies online using their inactive graphics cards. Revenues from mining can later be disbursed through popular payment gateways such as PayPal or WeChat. ASUS claims the entire mining process is in accordance with the general data protection regulations or GDPR (General Data Protection Regulation), which requires third-party software providers (in this case Quantumcloud) not to store sensitive customer information. However, the announcement did not provide detailed cryptocurrency information that can be mined through an inactive ASUS graphics card (GPU). There is no clarity regarding the amount of cryptocurrency that can be obtained, or information on fees that might be charged by ASUS or Quantumcloud regarding this service. Therefore, gamers do not need to expect to become a millionaire overnight. "You won't get rich quickly, but you can make money easily using your inactive GPU," Quantumcloud said on its website. According to a distributed press release, it is not guaranteed that users of crypto mining software will make a profit or profit. ASUS warns users to conduct cost research themselves before they activate the inactive GPU card for use in crypto mining. After cryptocurrency euphoria in the first three months of 2018, the crypto mining business is experiencing a continuous decline. For example, GPU manufacturing company Nvidia reported on May 14, 2018, that GPU sales for crypto mining accounted for nearly 10 percent of 2018 first quarter revenue. However, the 2018 third quarter earnings report showed Nvidia's crypto mining GPU demand declined. Declining GPU demand is also reflected in AMD's third quarter 2018 financial statements. The American semiconductor manufacturing company could barely sell GPUs linked to the blockchain in the second quarter of 2018.