{"id":94961,"date":"2018-12-14T12:34:09","date_gmt":"2018-12-14T20:34:09","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=94961"},"modified":"2019-07-23T05:30:42","modified_gmt":"2019-07-23T12:30:42","slug":"gaming-giant-razer-users-mine-ethereum-eth-idle-computing","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/gaming-giant-razer-users-mine-ethereum-eth-idle-computing\/","title":{"rendered":"Now Users Can Mine Ethereum (ETH) Using Idle Computing Power with Razer"},"content":{"rendered":"<p>Computer gaming company Razer is turning towards cryptocurrency mining to augment revenue and appeal to youth, rewarding users with tokens to spend in a Razer-focused marketplace in turn of trading computing resources to mine digital assets.<\/p>\n<h2>Mining Crypto via Idle Computing Power<\/h2>\n<p>As <a href=\"https:\/\/motherboard.vice.com\/en_us\/article\/9k48k7\/razer-wants-gamers-to-mine-cryptocurrency-for-store-credit\">reported<\/a> by Motherboard on Dec.13, Razer\u2019s new move comes after the computing giant partnered with GammaNow, a gaming-centric platform which urges users to trade their idle GPU power to mine cryptocurrencies such as ether.<\/p>\n<p>Interestingly, neither users nor Razer will get to keep all the mined currencies for themselves. Instead, GammaNow will \u201cmanage\u201d all mined digital tokens by giving Razer a fee to convince users for trading computing power and credits contributors with Razer\u2019s own loyalty points called \u201cSilver.\u201d The company presumes Razer\u2019s customers are loyal to the gaming company, including Silver as an exclusive discount reward on the latter\u2019s online stores.<\/p>\n<p>Razer spokesperson Kevin Allen confirmed the development:<\/p>\n<blockquote><p>\u201cThe cryptocurrency that\u2019s being mined through this program is not touching Razer\u2019s hands nor the user\u2019s hands. We get a fee from the third party for generating cryptocurrency.\u201d<\/p><\/blockquote>\n<p>GammaNow\u2019s own mining-based reward system rewards users with loyalty tokens called \u201cGamma Points,\u201d which are redeemable for gaming-centric rewards like skins, e-sports tickets, and collectibles. As per reports, the company has purchased huge amounts of Silver from Razer to reward users directly through the platform. In this arrangement, GammaNow\u2019s sole objective is to \u201cdetermine the sale and return percentage of what cryptocurrency is mined.\u201d<\/p>\n<h2>Convoluted Process<\/h2>\n<p>The process is rather confusing for users: gamers use their idle computing power to mine a bundle cryptocurrency for GammaNow; the company rewards contributors with Silver, which it itself purchased from Razer; gamers can redeem the Silver for discounts on Razer products.<\/p>\n<p>Unsurprisingly, the broader cryptocurrency community was both confused and angered with the development. Mining is a resource-intensive process that heats up computing systems to high temperatures and severely affects gameplay. Over time, the usage can cause lasting damage to GPU cards, which are meant for gaming purposes, not algorithmically solving millions of cryptographic keys.<\/p>\n<p>But Razer maintains that Silver rewards are determined by the type of <a href=\"https:\/\/www.pcguide.com\/reviews\/best-graphics-cards\/\">graphics card<\/a> used to mine the GammaNow-managed cryptocurrency, meaning low-end cards would probably mine altcoins and powerful cards will take an intensive network like Ethereum.<\/p>\n<p>The coming months will reveal if Razer\u2019s partnership will prove to be the future of gaming, or a colossal failure met with user backlash. After all, no logical gamer would exchange computing power to earn Silver points (that are \u201cstable\u201d in value) instead of possessing the actual cryptocurrency that could be worth 10x that value over time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Computer gaming company Razer is turning towards cryptocurrency mining to augment revenue and appeal to youth, rewarding users with tokens to spend in a Razer-focused marketplace in turn of trading computing resources to mine digital assets. Mining Crypto via Idle Computing Power As reported by Motherboard on Dec.13, Razer\u2019s new move comes after the computing [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":94965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,2376],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Now Users Can Mine Ethereum (ETH) Using Idle Computing Power with Razer<\/title>\n<meta name=\"description\" content=\"Computer gaming company Razer is turning towards cryptocurrency mining to augment revenue and appeal to youth, rewarding users with tokens to spend in a Razer-focused marketplace in turn of trading computing resources to mine digital assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/gaming-giant-razer-users-mine-ethereum-eth-idle-computing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Now Users Can Mine Ethereum (ETH) Using Idle Computing Power with Razer\" \/>\n<meta property=\"og:description\" content=\"Computer gaming company Razer is turning towards cryptocurrency mining to augment revenue and appeal to youth, rewarding users with tokens to spend in a Razer-focused marketplace in turn of trading computing resources to mine digital assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/gaming-giant-razer-users-mine-ethereum-eth-idle-computing\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-14T20:34:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-23T12:30:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/12\/gaming-ethereum-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Now Users Can Mine Ethereum (ETH) Using Idle Computing Power with Razer\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/gaming-giant-razer-users-mine-ethereum-eth-idle-computing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/gaming-giant-razer-users-mine-ethereum-eth-idle-computing\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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