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ASUS announced a partnership with Quantumcloud that transforms inactive graphics cards into minors of cryptocurrency.
ASUS partners with Quantumcloud
The Taiwanese manufacturer of computer components and electronic components, AsusTek Computer Inc., more commonly known as ASUS, has in partnership with"Quantumcloud" innovation factory, reports Tech Radar.
This partnership will allow owners of ASUS brand graphics cards to exploit cryptocurrencies such as Bitcoin and Ethereum, while the graphics processor is inactive. According to the report, it turns a classic ASUS graphics card into a GPU that can "potentially earn passive revenue by installing Quantumcloud software."
Owners of ASUS graphics cards will be able to download the Quantuncloud software that will allow them to exploit the processing power of the graphics processor and use it to extract encrypted currencies. The software also offers users the ability to configure a portfolio, perform conversions, transfers, and more directly from the software, removing much of the work of conquering cryptocurrency.
Related reading: ASUS presents 20 GPU motherboards for Crypto Mining
Once the software is installed and the crypto-currencies extracted, users can also opt for digital payments via PayPal or WeChat.
ASUS declares that all financial data and user users are protected by the Data Protection Regulation (GDPR). Owners of ASUS graphics cards can therefore rest assured that the use of their graphics card to extract cryptocurrencies is a secure process.
Interest in Crypto Mining decreases as ASUS competitor suffers
To continue on the path of exploitation of crypto-currencies by ASUS is a surprising gesture. This is because some of ASUS 'largest competitors in a number of sectors are suffering heavy financial losses as a result of their investment in supporting the craze for cryptocurrency mines last year. and are now fleeing the area.
Nvidia, based in California, has launched full-scale cryptocurrency mining at the height of the 2017 bullish run. Cryptocurrencies can be leveraged with the help of hardware and software. specialized extraction, but graphics cards, such as those used by companies such as Nvidia, AMD, and ASUS, can also be used, albeit less effectively, for crypto-currency mining.
Related reading: Nvidia withdraws from crypto mining on low income
While the prices of Bitcoin and Ethereum began to increase throughout 2017, sales, and therefore demand, of GPUs also increased. Store shelves were left empty everywhere, while those who were trapped in craze for crypto were looking to increase their holdings of cryptocurrency in every possible way.
But as the cryptocurrency bubble burst, the interest in crypto-currency mining evaporated with the drop in portability.
GPU manufacturers such as Nvidia were taken by surprise by the initial request, thinking they had a new revenue stream. NVIDIA reacted by increasing the production of its GPUs, but now regrets this decision, while sales of its products based on cryptocurrency have decreased significantly, reducing the annual financial projections of the company.
News of the decline in expected earnings sent Nvidia shares 17% drop. Jensen Huang, CEO of Nvidia, explained that "the encrypted hangover lasted longer than expected."
Selected image of Shutterstock.
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