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Gaming Hardware Company Razer Offers Reward Points in Exchange for Crypto Mining

Razer, which manufactures laptops, desktops and peripheral devices tailored to computer gamers, has announced an app that lets these gamers earn rewards for mining cryptocurrency on their PCs.

Razer, which was founded in 2005 and has headquarters in Singapore and California, has dubbed the app “Razer SoftMiner.” According to the company, SoftMiner uses idle graphics processing unit (GPU) resources on gamers’ computers to mine cryptocurrency.

“Once installed and launched, SoftMiner runs silently in the background to solve blockchain-based puzzles using idle GPU processing power,” the announcement said.

GPUs are typically used for mining ether. Bitcoin mining has become so difficult that it is essentially impossible to mine bitcoin at home. Bitcoin miners use specialized devices called ASICs.

In exchange for running SoftMiner, users receive Razer Silver, which they can then redeem for products and services through Razer’s rewards program. Razer hasn’t specified exactly how many reward points users can earn, indicating only that the number will “vary, depending on the computer’s GPU and setup. Factors include: stability and strength of internet connection.”

The SoftMiner app is based on GammaNow, another rewards app for gamers, and is currently in beta, according to Razer. It runs only on modern versions of Windows.

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Huobi Introduces Coin Launch Platform

Source: Huobi

The Singapore-based cryptocurrency exchange Huobi has announce that "Huobi Prime," a coin launch platform, will go live on March 26. The service will allow professional and retail investors to purchase new cryptocurrencies before they are listed more broadly and potentially at lower costs. The announcement appears to compete with Binance's Launchpad service.

Japan to Cap Leverage in Cryptocurrency Margin Trading

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Distributed Cartoon: Board the Enterprise

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