ASUS Thinks It's a Good Idea to Mine Cryptocurrencies When Your GPU Is Idle, Partners with Quantumcloud

[dmartin]

Maybe the guys at ASUS haven't noticed it, but this is probably the worst time to announce an effort to promote cryptocurrency mining. The crypto market has fallen about 80% since its peak in 2017, and this November has been an special tough month for crypto investors with Bitcoin going under $4,000 for a few days. Miners are running away and a lot of people think the bubble is finally exploding. Companies such as GIGABYTE are suffering the consequences, but ASUS seems to be quite sure that the situation isn't that bad.

They have partnered with blockchain technology provider Quantumcloud and they will encourage users to use their idle GPUs to mine cryptocurrencies. Yeah, that's right. There are no details on what crypto currencies will be mined with Quantumcloud's software, but at least ASUS is letting now those potential users that they "won't get rich quick, but you can earn some easy money with your idle GPUs". In fact there's a disclaimer telling they do not "guarantee that users of its software will make any earnings or profit" and ASUS adds that users "are responsible for considering their own usage costs". Maybe a year ago this could have been a thing, but the idea seems really uncool right now.



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[Lightning]

Did they use Internet Explorer to lookup crypto values ?

 

[robot zombie]

I think i get it. They probably planned this a while back, towards the height of the boom. It didnt last as long as someone led them to believe, but the gears were already turning on these, so its a loss either way. May as well try, amirite?

 

[kieguru]

In the install user agreement it states that the software is only for use in Taiwan and China. I'm sure that'll bite people in the ass if they don't end up getting paid!

 

[The Quim Reaper]

And I think it would be a good idea for this show pony company to go bankrupt and teach the 'up their own ass' management/marketing dept that asking $1500 for a 2080Ti, $1000 for a 2080 or $700 for a 2070 is a sign of a company that has come to believe its own brand hype and quite frankly, needs to slip quietly in to the night.

 

[phanbuey]

LMAO....
They missed that boat by a solid 2 years.

 

[Deleted member 158293]

Easy button for mining scam altcoins to sell for BTC, then to sell for fiat. Meh... too many intermediaries to also paid.

 

[kastriot]

Ignorant buffoons.

 

[silentbogo]

LoL. I'll probably never buy anything from ASUS ever again. Can't trust a company who's not ashamed of their own stupidity.
Not only the quality of their products went downhill, they are also partnering with an obscure "Cloud compute" company, who's really a front for ethereum pool.
Basically, Hiveon consolidates with sparkpool, Quantum cloud becomes a middle-man for payouts, and ASUS got some cash for mindlessly believing (or at least pretending) that this is some sort of "distributed cloud compute".

 

[Casecutter]

Even a RX 470 run in a optimize CPU efficient rig would probably not show little if any payback given the electricity your burning through to run it. Now if the software had a watt usage input and calculate Kw/h usage for your power price, against daily currency fluctuations you'd realize you're money ahead to sleep the dang thing.

 

[eidairaman1]

Boycott, they will face

There is very little in return from mining you're better off in stocks or holding a job

 

[Vayra86]

Wow Asus. Wow. AREZ hasn't even been buried proper yet and you pull this stunt.

Keep it up!

 

[JaymondoGB]

The day is done guys, the crypto currency thing is OVER, time to sell your over produced inventory at reduced prices and stop this bullcrap.

 

[Deleted member 158293]

The day is done guys, the crypto currency thing is OVER, time to sell your over produced inventory at reduced prices and stop this bullcrap.

Posted it before, but just too appropriate:

Bitcoin dead 326 times and counting... this time it's different...

https://99bitcoins.com/obituary-stats/

Even has death events filtered by year.

 

[T4C Fantasy]

Asus should be supporting folding or wcg while idle

 

[eidairaman1]

Asus should be supporting folding or wcg while idle

Should be optional

 

[dorsetknob]

JUST DROP THE little concern that warranty for Mining on cards have only 90 days
or do asus now conceed mining won't invalidate their card warranty

 

[xkm1948]

Just another plot to get rid off all those excessive 1060 and RX580 GPUs.

 

[Space Lynx]

I think i get it. They probably planned this a while back, towards the height of the boom. It didnt last as long as someone led them to believe, but the gears were already turning on these, so its a loss either way. May as well try, amirite?

Nope, bad PR move imo, especially after reading about Asus z390 mobos force installing bloatware on clean installs of OS, bloatware is built into BIOS... Asus = never again for me.

MSI is really the only contender left in my eyes, especially since their VRM cooling on budget mobos is always excellent. Like the MSI Gaming Plus $120 range -

 

[Captain_Tom]

Boycott, they will face

There is very little in return from mining you're better off in stocks or holding a job

You do know this isn't literally mining right? Once you set it up, it requires maybe an hour of maintenance a month. You can still have a job while mining is a "side hustle" and hobby.

JUST DROP THE little concern that warranty for Mining on cards have only 90 days
or do asus now conceed mining won't invalidate their card warranty

ASUS knows that mining doesn't actually break cards. The whole mining warranty thing was just another attempt by a major company to try to stop you from sending your cards in. Like those "Void Stickers" that don't actually void your warranty.

 

[eidairaman1]

You do know this isn't literally mining right? Once you set it up, it requires maybe an hour of maintenance a month. You can still have a job while mining is a "side hustle" and hobby.



ASUS knows that mining doesn't actually break cards. The whole mining warranty thing was just another attempt by a major company to try to stop you from sending your cards in. Like those "Void Stickers" that don't actually void your warranty.

It's not worth putting undue stress on computer parts and also wasting electricity cryptomining gives it diminishing returns and it is also like laundering money so no thank you

 

[T4C Fantasy]

It's not worth putting undue stress on computer parts and also wasting electricity cryptomining gives it diminishing returns and it is also like laundering money so no thank you

I ask people to try to explain what happens when you give your gpu power to mining and what does bitcoin get out of it.
I dont understand what im being told and i only assume its for nothing but to get money. I want to know if it goes to a cause or it does anything at all

Atleast with folding and WCG you are specifically told how ur power is being used, and you can choose

 

[eidairaman1]

I ask people to try to explain what happens when you give your gpu power to mining and what does bitcoin get out of it.
I dont understand what im being told and i only assume its for nothing but to get money. I want to know if it goes to a cause or it does anything at all

Atleast with folding and WCG you are specifically told how ur power is being used, and you can choose

It is only to get money, I never fell for it.

 

[EarthDog]

Boycott, they will face

Why? Isn't this optional?

It is only to get money, I never fell for it.

It's also not about 'falling for it'... there is nothing to fall for.

 

[eidairaman1]

Why? Isn't this optional?
It's also not about 'falling for it'... there is nothing to fall for.

Crypto mining is a sham...