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Passive Crypto Income From Your PC’s Unused Resources? [GamerHash Review]

Quick rhetorical question: How does your high-end gaming PC spend its computing power while you’re not gaming? When you’re browsing Facebook, writing emails, or streaming Netflix, for example. Of course, the answer is, it only spends a small fraction of its peak capacity while not performing any resource-intensive tasks, such as graphically-demanding gaming. Now, wouldn’t … Continued

The post Passive Crypto Income From Your PC’s Unused Resources? [GamerHash Review] appeared first on BeInCrypto.

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Quick rhetorical question: How does your high-end gaming PC spend its computing power while you’re not gaming? When you’re browsing Facebook, writing emails, or streaming Netflix, for example. Of course, the answer is, it only spends a small fraction of its peak capacity while not performing any resource-intensive tasks, such as graphically-demanding gaming.

Now, wouldn’t it be great if you could “rent out” this spare computing power for some extra bucks whenever your PC is sparsely using its CPU and GPU?

The folks behind GamerHash say they can help you with that. In fact, so long as you enjoy playing video games, they promise to help you earn passive income even if you do not have a high-end PC. More on that later.

First, let’s delve into what GamerHash really is and more importantly, whether or not it is really a practical avenue for you to earn some passive crypto income.

GamerHash? Who are They?

GamerHash is a Polish blockchain firm founded in 2017. The company claims to have built an innovative, blockchain-powered application that lets you monetize the spare computing power of your PC. It’s like a self-financing supercomputer, they add.

Under the hood, GamerHash has some resemblance with multi-currency mining pool implementations. However, as a platform, it seems somewhat bigger than any run-of-the-mill mining pool. Also, the ecosystem, by design, has broader potentials.

The premise is simple. GamerHash offers a self-titled app that evaluates your computer’s capabilities at any given time and then automatically figures out the best possible way to earn that promised passive income on your behalf by using your PC’s unused resources to mine cryptocurrencies.

Gamers receive daily BTC income in the platform wallet.

You can spend your GamerHash earnings in pretty much any way you want. For example, you could hodl your earned Bitcoin as an investment. Alternatively, you could use it to buy games from the GamerHash online store, pay for groceries, buy a Netflix or Spotify subscription, and so on. There are more than 600 digital products in the store.

Who is GamerHash for?

Anybody with a laptop or a desktop computer (Windows 7 onwards) and an internet connection can download and use the GamerHash app. That said, you can earn a sizable passive income even without a high-end PC. In such cases, rather than renting out computing power, you earn your money by performing tasks in games. That’s the Play & Earn module.

From the looks of it, GamerHash has indeed done a neat job by making the app easy-to-use for pretty much anyone, non-savvy users included.

Passive Crypto Income With GamerHash: How Does it Work?

Getting started with GamerHashis easy. You just have to follow these simple steps:

  • Register on www.gamerhash.com.
  • Download the app from the website.
  • Launch the installer and follow on-screen instructions.
  • Once the installation is complete, launch the benchmarking process so the app can assess your system and make the most out.
  • No upfront fee required.

When you launch the app, it redirects the excess power of your computer and uses it to mine cryptocurrencies. And here comes the juicy bit that seems to make GamerHash more appealing to a wider spectrum of users. The app itself figures out the most optimal cryptocurrency to mine based on your computer’s available resources.

The system evaluates which out of the 12 supported cryptocurrencies should be mined using the host machine’s CPU and GPU. The Platform is intelligent and can calculate the most profitable option for users at any given time, which means it can switch from one asset to the other in real-time — no additional configuration needed.

This way, you can easily get into crypto mining even without any prior exposure to the asset class.

Payout Option

The mining funds are automatically converted into Bitcoin and deposited into your GamerHash BTC wallet once every day, provided your earning has exceeded 0.01 mBTC (0.00001 BTC). At $38.5k per bitcoin as of today, that’s just $3.9 in dollar-equivalence.

In the Play and Earn module, users can earn money by completing specific tasks such as playing a new MMO game, downloading an app from a GamerHash affiliate, and such.

GamerHash offers two built-in wallets: 

  • GamerHash BTC Wallet: It is the default wallet where your daily earning is deposited at 12:00 CET every day (provided it’s higher than 0.01 mBTC). You can withdraw this fund to an external Bitcoin wallet once you have collected 0.001 BTC or more.
  • GUSD Wallet: GUSD is the native virtual token in the GamerHash ecosystem, pegged to the US dollar. Users earning through the Play and Earn module receive their earnings in GUSD. However, as of today, you can not transfer your GUSD holding to an external wallet. You can only use it to purchase digital products from the GamerHash store.

Besides a decent number of popular games, the GamerHash online store has a few other products as well, such as Apple, Amazon, and eBay gift cards, that you can use to make purchases outside the GamerHash ecosystem. 
You can also use your GUSD stash to buy Netflix, Spotify, and Google Play subscriptions, as well as products from more than 9,500 grocery stores, among other things.

How Much Can You Realistically Earn?

The size of your daily earnings relies on three key factors: PC configuration, mining hashrate and the crypto exchange price. The more powerful your CPU and GPU are, the higher your earning potential. In general, users can get anywhere between 93% to 100% of their total earning.

If you’re using ASICS hardware, there is absolutely no fee whatsoever. For desktop users, GamerHash may deduct anywhere between 2% to 7% (90% of gamers have to pay only 2%).

As for users of the Play and Earn module, your income from GamerHash depends on the number of tasks you perform in games.

For perspective, at the beginning of 2021, the earnings with GamerHash app with top graphic card RTX 3070 and i5 10400F were $130 per month.

Just a Way to Supplement Your Income

Looking at the basic structure of the GamerHas ecosystem, it is fair to say that the company doesn’t promise anything unrealistic. You CAN NOT become rich overnight by simply renting out part of your PC’s computing resources to GamerHash.

It simply gives you the ability to supplement your income without basically doing anything. The app and your CPU/GPU combo will team up to earn on your behalf in the background as you go about your everyday schedule.

GamherHash: Scam or Legit?

Having been around for more than three years, GamerHash has so far maintained a decent reputation where the gaming and crypto communities overlap. The team has won top three crypto pitch competitions in top conferences including in Malta AIBC, Singapore’s BlockShow & Miami N.A.B. Conference. All of that in just three months so seems like good community-proof.

The platform claims to have developed a sizable user-base of more than 500,000 across the world. User feedback so far has been good if we go by the company’s online reputation. So, by that count, it has a proven track record that you would expect from a company you’ll be sharing your hardware resources with.

Moreover, GamerHash doesn’t ask for any sort of investment and the minimum payout threshold is also very low. Based on these factors solely, the company and the platform do not give any negative vibe whatsoever.

Additionally, GamerHash has bagged a key Malta Financial Authority license. Malta, popularly known as a blockchain island, follows a rigorous and complicated regulatory process before issuing licenses related to the crypto industry.

On the security front, GamerHash deploys the same infrastructure as the one that powers the likes of Docker1 Engine, Linux namespaces, and cgroups. The company claims that each individual component of its web app is kept in separate, isolated containers. This is to strictly limit each component’s access to only what it requires to function.

GamerHash Roadmap

Funding shouldn’t be an issue for GamerHash in the foreseeable future given that the company has just recently added fresh capital worth $2.8 million through a private sale of its homegrown GHX token. Also, with the recent breakthrough in Malta, GHX is now the first globally listed token to come with said Maltese license.

In addition, GamerHash has forged several strategic alliances recently to further enhance the platform on different fronts. For example, it recently teamed up with Coinfirm to introduce anti-money laundering (AML) and analytics in the realm of blockchain-powered gaming.

In another similar strategic partnership, GamerHash joined forces with Chainlink in July 2020 to pave the way for NFT adoption in the gaming community.

GamerHash’s vision is to establish itself as the Amazon-equivalent of NFTs. To achieve that, the team is connecting the dots to introduce blockchain in the gaming community in a fun and financially rewarding arrangement for all stakeholders involved. 

Given that GamerHash is the first touchpoint with crypto for a good chunk of its 550,000+ users,   the company is also focusing on educating users more about the asset class, which, in turn, encourages adoption.

Conclusion

Overall, GamerHash appears to be a promising platform that doesn’t make unrealistically tall promises like making you rich overnight. At the same time, it seems to offer enough substance to help you make some sizable and recurring passive crypto income.

Since GamerHash doesn’t ask for any upfront investment, you can download the app and try it yourself to check how much of those (promised) practically free BTC you can earn on average.

GamerHash - Make money on PC's computing power
  • Disclimer: All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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Shilpa is a network engineer and management graduate who is deeply passionate about artificial intelligence and blockchain technology. She has been associated with several leading science & tech publications throughout her career as a journalist and columnist. Full-time foodie, semi-skilled musician, wannabe novelist.

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Source: https://beincrypto.com/passive-crypto-income-from-pc-unused-resources-gamerhash-review/

Blockchain

Elon Musk Teases Bitcoin Maximilsts Once Again

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The CEO of Tesla, SpaceX, and The Boring Company, has taken another humoristic stab at BTC maxis by asking how many are needed to change a light bulb. The wave of comments didn’t disappoint from names like Michael Saylor, Dan Held, Raoul Pal, and more.

  • Ever since the start of the year when Musk said he regretted not buying bitcoin years ago and later revealed that his EV company had actually purchased $1.5B in BTC, the billionaire has frequently been engaging with the community.
  • Most of the discussions used to be in a positive manner, but it all changed when Tesla disabled BTC payments citing environmental issues. When Musk started bashing the cryptocurrency for its high energy consumption levels, most Bitcoin maximalists changed their tunes as well.
  • However, it seems that Tesla’s CEO sees most of it from a humoristic point of view and the latest example, which came earlier today, supports this idea.
  • He reiterated a popular question on Twitter – ”How many Bitcoin maxis does it take to screw in a lightbulb?” Later on, his own response was also quite ironic.
  • Some popular BTC maximalists and other cryptocurrency commentators quickly offered their opinion on the matter. Michael Saylor, the CEO of MicroStrategy, was among the first who also caught the irony – “if you give us 10 minutes, maybe we can hash out the answer,” referring to how the Bitcoin network works.
  • Peter McCormack, the podcaster who recently interviewed the President of El Salvador on the country’s BTC adoption, took a stab at Musk, while Raoul Pal spoke about his views on what the BTC maxi tribe represents.
  • Interestingly, Dan Held, the Head of Growth at Kraken, responded with a reference towards Elon Musk’s favorite meme coin – Dogecoin.
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Source: https://cryptopotato.com/elon-musk-teases-bitcoin-maximilsts-once-again/

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Blockchain

Bitcoin’s Dominance Rises as BTC Reached a 4-Day High at $35,500 (Market Watch)

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Although bitcoin failed to continue upwards after its intraday high of $35,500, its dominance over the market has increased further. This comes as most alternative coins have stalled, except for Dogecoin, which is up by double-digits.

BTC Dominance on the Rise

After the mid-week crash, in which bitcoin slumped below $30,000 for the first time since January, the asset’s performance has been calmer. It recovered most losses and even spiked to just shy of $35,000 on the following day but failed to continue higher as reported.

The bears drove it south to around $32,000, but the trajectory quickly reversed in the following hours. BTC started climbing again and added more than $3,000 of value.

As a result, it charted a four-day high of approximately $35,500. Despite losing over a grand since then, its dominance over the market has actually increased.

The metric comparing BTC’s market capitalization with all other cryptocurrencies is up to 47%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Stall While DOGE Pumps

Most of the alternative coins have remained stagnant on a 24-hour scale. Although Ethereum recovered from its most violent stages of the crash, it still fails to overcome $2,000 decisively. As a result, ETH trades just north of $1,900 for a second consecutive day.

Binance Coin jumped higher in the past 24 hours and even exceeded $310 at one point, but has retraced since then and is currently around $290. Cardano, Polkadot, Bitcoin Cash, and Chainlink are slightly in the red since yesterday.

In contrast, Ripple, Uniswap, Litecoin, and Solana have marked minor gains. Dogecoin is the most impressive performer once more from the larger-cap alts following a 10% increase to $0.26.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

More fluctuations come from lower- and mid-cap alts. Celo (20%) has surged the most, followed by Nano (16%), Siacoin (12%), THORChain (12%), Curve DAO Token (11%), and Waves (10%).

Klaytn has lost the most from yesterday after a 14% drop. Nevertheless, the cumulative market capitalization of all cryptocurrency assets has remained just shy of $1.4 trillion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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Source: https://cryptopotato.com/bitcoins-dominance-rises-as-btc-reached-a-4-day-high-at-35500-market-watch/

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Blockchain

XRP, Chainlink, VeChain Price Analysis: 25 June 

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As the market continued to make slow and steady recovery, some altcoins bounced back up earlier than expected while others highlighted more volatility and steeper ups and downs.

With new updates in the SEC v. Ripple lawsuit rearing their heads every other day, XRP hiked after the 21 June fall. VeChain, on the contrary, made headlines after VeTrust, built on VeChain Thor, got adopted by a local Chinese government for better COVID-19 risk management.                                                                                                

XRPSource: XRP/USD – TradingView

XRP made a swift recovery as it noted 22% gains from its 22 June levels. The asset, after testing the $0.775-support on 21 June, fell below this level and tested the lower support at $0.55. XRP, after testing its lower support, later bounced back and highlighted considerable price gains.  

The Bollinger Bands for the asset noted a slight convergence that saw reduced volatility and a less expanded price range as the asset made recovery from its lower lows. Further, bullish momentum could be observed building on the Awesome Oscillator with the appearance of green bars. 

The Relative Strength Index for XRP was heading towards the neutral zone and had a reading of 38.43 at press time. The RSI’s uptick underlined an increase in buying pressure, one which pulled the asset from the oversold zone on 23 June. However, sellers were still dominant at press time.

XRP was trading at $0.67 at press time and if its northbound price movement continues, it can test the  $0.775-resistance as well.  

Chainlink [LINK]Source: LINK/USD – TradingView

LINK was trading at $18.9 at press time and was down 64.01% from its ATH with a breakeven multiple of 2.78. The alt’s price, after testing the $17.3 support, bounced back and made decent recoveries. The 15th ranked coin had a 24-hour price hike of 3.80% and a 7-day price dip of 16.30%. 

In light of the appearance of green candlesticks on the chart, the prevailing trend was slightly bullish. This corresponded with the Parabolic SAR’s white dots that have appeared below the candlesticks since the beginning of 24 June. Further, the Squeeze Momentum Indicator pointed to an active squeeze release (white dots) and projected a bullish trend in store for the asset. 

Finally, the MACD and Signal lines underwent a bullish crossover on 24 June, pointing towards a market recovery for the alt. This could lead the asset to rally towards the $25.9-resistance if recoveries continue.

VeChain [VET]Source: VET/USD – TradingView

VeChain was trading at $0.08 at press time and was ranked 21st on CoinMarkerCap. The alt saw decent recoveries after the 21 June price fall, and its 7-day price dip was 23.29% while its 24-hour price gain was 5.50%. The asset was down 70.14% from its ATH and had a breakeven multiple of 3.35. 

Bollinger Bands for the asset highlighted increased volatility and pictured a more expanded price range as the asset made recovery from its lower lows. Capital inflows for the asset were neutral, according to Chaikin Money Flow, with outflows still dominant in the market.

Finally, the Average Directional Index (ADX), highlighted a non-directional market. Once ADX is under 25, an uptrend can be expected to become stronger. The alt, after testing its lower support at $0.07, bounced back up and if the price rallies further it could touch the resistance level at $0.098.


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Source: https://ambcrypto.com/xrp-chainlink-vechain-price-analysis-25-june

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