Two major computer solutions companies, Intel and Asus, are getting into crypto mining. With some Bitcoin miners having to close their doors recently due to the drop in crypto prices it is very surprising that both Intel and Asus are entering the space. This goes to show that many of these folks are looking toward the future growth of the market as crypto becomes more mainstream. The 2018 bear market has been a year of progress in the build out of the infrastructure of the crypto industry.
This past week Intel won a patent from the U.S. Patent and Trademark Office for a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the SHA-256 algorithm. This is big for both Intel and Bitcoin as it would be the first of its kind and fix a major issue with the energy consumption and environmental impact of Bitcoin mining.
Asus is looking to let gamers mine cryptocurrency and cash out via PayPal or WeChat accounts. Asus and Quantumcloud have partnered to help gamers earn passive income with the combination of Asus graphics cards and and Quantumcloud software. Gamers would have to allow access to their Asus graphics cards (or GPUs) when not being used for other PC tasks. It is important to note that Asus states the privacy of customers’ financial data on the app is protected under General Data Protection Regulation (GDPR).
News like this is a big indication of the future of crypto and its integration into our daily lives. We expect to see more big companies entering the crypto space in 2019.