Taiwan-based ASUS electronics on Friday announced that it has entered into a joint venture with Quantumcloud, a software solution that permits players to employ their idle graphics cards to mine cryptocurrency and collect a digital cash payout via PayPal or WeChat.
Quantum Cloud utilizes some of the power of the graphics processing unit (GPU) of the customer to run mighty applications on cloud. These applications create revenue for the platform and clients receive a share based on GPU power.
As a pioneer in the global graphics card market, ASUS said it was well positioned as a distribution partner for the Quantumcloud app, which offers customers money based on how efficiently their computer is mining cryptos. ASUS launches several high-end graphics cards every year, and has a large client base that may be able to generate a “passive” income by installing Quantumcloud software.
Quantumcloud pointed out that it does not require clients to create a unique login, and stores customer info safely. On the contrary, clients can utilize their prevailing PayPal or WeChat account to log in and obtain their earnings.
ASUS partnered with California’s AMD semiconductor supplier and other top technology firms earlier in November to create eight new crypto mining rigs. Partner companies, among others, are reported to be Sapphire, ASROCK and MSI.
In July, GPU prices decreased along with falling prices in crypto markets. Other GPU producers, such as Nvidia, were adversely affected by the current bear market. When the company announced its Q3 results earlier this month, a ” crypto hangover ” was revealed due to the loss of sales to crypto-miners. Meanwhile, China’s major crypto mining companies reportedly started to sell their mining hardware by weight after the recent collapse of crypto markets that began in mid-November.
