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The computer game company Razer is moving towards cryptocurrency extraction increase revenues and attract young people, rewarding users with tokens to spend in a market focused on Razer, in turn, exchanging IT resources to extract digital resources.
Extraction Crypto via Idle Computing Power
As reported by Motherboard on December 13, Razer's new move comes after the IT giant has partnered with GammaNow, a game-centric platform that invites users to exchange their idle GPU power to extract cryptocurrencies like ether.
Interestingly, neither users nor Razer will be able to keep all the mined currencies for themselves. GammaNow "will manage" all digital tokens extracted giving Razer a commission to convince users to exchange computational power and tax payers with Razer loyalty points called "Silver". The company assumes that Razer's customers are loyal to the gaming company, including Silver as an exclusive discount on the online stores of the latter.
Razer spokesman Kevin Allen confirmed the development:
"The cryptocurrency that is extracted from this program does not touch Razer's hands or the user's hands.We receive a commission from third parties to generate cryptocurrency."
GammaNow & # 39; s extractionThe incentive-based reward system rewards users with loyalty tokens called "Gamma Points", which can be redeemed for rewards focused on games such as skins, e-sports tickets, and collectibles. As per report, the company has purchased huge amounts of Silver from Razer to reward users directly through the platform. In this agreement, the sole objective of GammaNow is to "determine the percentage of sale and yield of which cryptocurrency is extracted".
Complicated process
The process is quite confusing for users: players use their idle computing power to extract a packet cryptocurrency for GammaNow; the company rewards the contributors with Silver, who bought from Razer; Players can redeem silver for discounts on Razer products.
Not surprisingly, the largest community of cryptocurrencies has been confused and irritated by development. Extraction It is a resource-intensive process that warms processing systems at high temperatures and severely affects gameplay. Over time, use can cause permanent damage GPU cards, which are designed for gaming purposes, do not algorithmically solve millions of cryptographic keys.
But Razer argues that the Silver awards are determined by the type of graphics card used to extract the cryptocurrency managed by GammaNow, which means that probably the low-end cards will extract the altcoins and the powerful cards will have an intensive network like Ethereum.
The next few months will show up if Razer's partnership turns out to be the future of games, or a colossal failure encountered with user gaming. After all, no logical player exchanges computing power to earn silver points (which are "stable" in value) instead of possessing the current cryptocurrency that could be worth 10 times that value over time.
Disclaimer: The opinions of our writers are exclusively their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate approve any projects that may be mentioned or linked in this article. Buying and exchanging cryptocurrencies should be considered a high-risk activity. Please do your due diligence before taking any action related to the contents of this article. Finally, CryptoSlate assumes no responsibility in case of loss of money in the trade of cryptocurrencies.
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