Taiwan's tech giant, Asus, is now allowing players to take advantage of the numerical power of their graphics cards to earn a share of profits from cryptocurrency mining.
L & # 39; Company announced Thursday worked with Quantumcloud, a mining app provider, to allow players to earn "passive income" by allowing access to their Asus graphics cards (or GPUs) when they are not used for other PC activities. Revenue will be paid via PayPal or WeChat.
The app uses the GPUs of the players to collectively enhance the cloud-based miners to – at least in theory – generate profits, giving cardholders a percentage based on the amount of energy provided, says the Quantumcloud website.
The privacy of customer financial data on the app is protected by the General Data Protection Regulation (GDPR), underlines Asus.
"As part of its commitment to protecting user data, Quantumcloud has launched GDPR compliance and does not require customers to create a unique access, but customers use their existing PayPal or WeChat account to access and collect their earnings" , said the company.
Quantumcloud, however, does not guarantee that users of its software will make a profit. "Gain rates may vary based on cryptocurrency market performance and can not be guaranteed or influenced in any way by Quantumcloud," according to the announcement.
Most commonly, cryptographic miners use their GPUs to extract cryptographs individually or collectively in pools, using the dedicated software downloaded on their PCs. Some cryptocurrencies like bitcoins, however, can not be effectively extracted with GPUs, requiring dedicated processors called ASICs due to the high levels of difficulty.
Currently, cryptic miners are going through difficult times, with low prices and high extraction difficulties. It is estimated that hundreds of thousands of people have left the sector in recent weeks. And just yesterday, the Chinese mining giant, Canaan Creative, temporarily reduced prices of all its crypto mining devices at $ 200 each.
The demand for GPU from crypto-miners has also declined in recent months. In August, the Nvidia chip manufacturer based in the United States released a financial report indicating a "substantial decline" in sales, largely due to a decline in the demand for minerals.
Asus shop image via Shutterstock