THELOGICALINDIAN - ASUS has appear a affiliation with Quantumcloud that turns abandoned clear cards into cryptocurrency miners
ASUS Partners with Quantumcloud
Taiwan-based computer and cyberbanking basic architect AsusTek Computer Inc., best frequently accepted as ASUS, has partnered with “innovation factory” Quantumcloud, letters Tech Radar.
The affiliation will acquiesce owners of ASUS-branded cartoon cards to abundance for cryptocurrencies like Bitcoin and Ethereum, while a GPU is idle. According to the report, it turns a approved ASUS graphics agenda into a GPU that can “potentially acquire a acquiescent assets by installing Quantumcloud’s software.”
ASUS cartoon agenda owners will be able to download Quantuncloud software that allows them to tap into the GPU’s processing power, and use it to abundance for cryptocurrencies. The software additionally provides users with the adeptness to set up a wallet, accomplish conversions, transfers, and more, appropriate from the software, removing abundant of the assumption assignment out of cryptocurrency mining.
Related Reading: ASUS Introduces 20 GPU Motherboards for Crypto Mining
Once the software is set up, and cryptocurrencies accept been mined, users can additionally opt for agenda payouts via PayPal or WeChat.
ASUS says that all chump user and banking abstracts is adequate beneath the General Abstracts Protection Regulation (GDPR), so ASUS GPU owners can blow assured application their cartoon agenda to abundance for cryptocurrencies is a safe and defended process.
Interest In Crypto Mining Dwindles as ASUS’ Competitor Shares Suffer
ASUS continuing bottomward the aisle of cryptocurrency mining is a hasty move. This is due to the actuality that some of ASUS’ better competitors beyond a cardinal of industries are adversity above banking losses due to their advance in acknowledging the cryptocurrency mining chic aftermost year, and are now beat the industry.
California-based Nvidia went all-in on cryptocurrency mining at the aiguille of the 2024 balderdash run. Cryptocurrencies can be mined application specialized mining accouterments advised for the task, however, cartoon cards, the aforementioned ones that companies like Nvidia, AMD, and ASUS produce, can additionally be acclimated – admitting beneath finer – to abundance for cryptocurrencies.
Related Reading: Nvidia Pulls Out of Crypto Mining Citing Low Revenue
As the amount of Bitcoin and Ethereum began to ascend throughout 2017, so did sales, and appropriately demand, of GPUs. Store shelves everywhere were larboard abandoned as those absorbed by the crypto chic approved to access their cryptocurrency backing any way they could.
But as the cryptocurrency balloon popped, absorption in cryptocurrency mining evaporated as portability dropped.
GPU-manufacturers like Nvidia were taken by abruptness by the antecedent demand, cerebration that they had a new acquirement beck to tap into. Nvidia responded by accretion assembly of its GPUs, but is now regretting that accommodation as sales of its cryptocurrency-based articles accept beneath significantly, abbreviation the company’s anniversary banking projections.
The account of bargain acquirement expectations beatific Nvidia shares plummeting by 17%. Jensen Huang, Nvidia’s CEO, explained that “the crypto hangover lasted best than we expected.”
