Taiwanese technology giant ASUS announced that it has entered into a partnership with Quantumcloud, a GPU (Graphics Processor Unit) mining platform. Through this partnership users can mine cryptocurrencies using their ASUS graphics cards. Customers that use this service will get payouts via WeChat or PayPal.

Mining When Idle

This partnership between the two companies is focused on gamers and other ASUS graphics card users who can use their GPUs’ idle time to make some money. The idea is that when gamers are not gaming or doing other graphics-intensive tasks, the GPU can be used to mine cryptos such as Bitcoin. Basically, users can make money while their PCs are on but not being used.

Another thing that this partnership will offer is a simpler way to mine. One of the biggest reasons why people end up avoiding mining is because of the complexity of the process.

Now, ASUS graphics cards owners will be able to use Quantumcloud’s software to set up crypto mining, manage their digital wallets and do conversions as well as transfers automatically. This means the complexity of the mining process will be removed.

Greater Security

Through this partnership, ASUS graphics card owners will be able to enjoy the mining process more securely, according to the technology giant. This is because Quantumcloud’s customer data is protected through the new European GDPR (General Data Protection Regulation) laws, which means personal as well as financial information is completely private in addition to being secure.

This security offering is what makes this mining option so much more attractive than the traditional ones. Other mining apps do not offer such data privacy and security options, thus making them vulnerable to hack attacks.

ASUS stated that owners of their GPUs could therefore earn a passive income simply by installing the Quantumcloud app on their computers.

While this service would be available to all ASUS GPU owners, the companies have been quick to put in a rider that no profits are guaranteed and that users will have to tackle GPU usage costs on their own.

Bear Market Impacting GPU Sales

Since early this year, GPU sales have been declining thanks to reduced demand for these units. This is directly attributable to the bear market the cryptocurrency space is experiencing.

Companies like Nvidia that have seen a massive rise in sales as well as profits thanks to a hike in demand for GPUs being used for crypto mining, have been negatively impacted by the crypto bear market.

Crypto mining farms in China are now forced to sell their mining equipment by the kilo because of the massive decline in the crypto mining industry.