New dawn on the horizon for mining at home

During the 2017 cryptocurrency boom the network’s hashrate and difficulty went up big time. As a result it became almost impossible to have your computer running at home to make a profit with mining. Home computers simply can’t compete with the power of ASIC farms in China. But with the fall in value of bitcoin, litecoin, ethereum and all other currencies, we might be on the verge of a new dawn.

Currently cryptocurrency are relatively cheap. Many Chinese mining companies are scaling down their operations. After the mid-November collapse 30% of the Chinese mining market has closed down. As a result it’s becoming more interesting to mine at home. We’re already seeing companies jumping in on this opportunity.

Taiwanese tech company ASUS has partnered with mining platform Quantumcloud. This partnership will allow consumers with an ASUS graphics card to mine crypto when it’s not being used. The two companies are not making any statements on possible profits and costs, but earnings will be able to be withdrawn from the Quantumcloud software through Paypal or the Chinese app WeChat.