United States-based gaming hardware manufacturer Razer has redesigned its native virtual currencies and loyalty system and launched a desktop mining app, as per a web log post revealed on Dec. 12.
Founded in 2005, Razer has become a number one gaming hardware and software package manufacturer within the U.S., Europe, and China. The company’s software platform reportedly has over fifty million users. Within the initial six months of 2018, Razer’s revenues were $274.2 million.
Razer has redesigned its native reward system and virtual credits Razer zGold and Razer zSilver. Launched in 2017, the virtual currencies have later on gained over five million users, as per the post. From now on, the Razer zGold and Razer zSilver are rebranded as Razer Gold and Razer Silver respectively.
In relevancy Razer Silver, gamers are rewarded with the currency for each Razer Gold spent, whereby the additional Gold gamers pay, the additional Silver they earn. Users will additional exchange Razer Silver to product, discounts and vouchers.
The company is additionally launching a desktop app known as Razer SoftMiner, that utilizes idle graphics process unit (GPU) power of users’’ devices to resolve blockchain-based puzzles on the back-end. Once users install and launch the app, they'll be awarded with Razer Silver looking on the number of your time SoftMiner has been in operation, and therefore the process power of their PCs. Currently, SoftMiner is reportedly in beta and supports 5,000 users per week.
However, some have referred to as the efficacy and economy of Razer’s mineworker into question, claiming it's a scam. A Twitter user Scott Chicken commented on Razer’s announcement of the new product, calculating that the corporate earns at the most £0.35 ($0.44) per day mining at full power, creating every Silver value £0.0007 ($0.00089). Chicken said that “running this at full power, each single day all day it takes 560 days to earn a Razer keyboard, valued at £199 [$251] as of their web site.”
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