Wednesday, December 12th 2018

Razer Wants to Mine Crypto on Your PC in Return for Loyalty Rewards

In a move that made us go "WTF" internally, Razer has decided to test their fanbase's loyalty more so than ever before. Today, the company introduced Razer Softminer, a mining software program that is intended to be installed on computers and run to mine cryptocurrency. But instead of the users getting whatever new cryptocurrency is in fashion, Razer instead wants to retain all mined crypto and in turn "award" users with the so-called Razer Silver- loyalty reward credits, in their own words. The miner appears to be running off a version of the Gamma desktop application, as per speculation from TweakTown.

Razer Softminer utilizes heavy GPU performance loads, and there is no mention as to what the actual mining is for. It is clear, however, that the users are not mining Razer Silver (which Razer is quick to admit is not cryptocurrency) and these loyalty credits are handed out in an equivalent manner based on the mining power of the system. In their estimate, a sytem with at least a NVIDIA GTX 1050 or AMD RX 460 running the mining program for a whole day will net ~500 Razer Silver, and these can be used to "redeem Razer peripherals, digital rewards such as games, vouchers and more" from a dedicated rewards page.
Razer Silver expires after 12 months from the date of earning, which makes this all the worse given the least expensive rewards include small-scale PC games at 21,000 Silver (~40 days of continuous mining for games that can be bought for $10-15 without discounts) and Razer's own products will take a lot, lot longer (over one year in some cases). This reeks of desperation for liquid cash, an unwise move in this time of low cryptocurrency interest and value, and overall little regard to their fans. Hopefully, no one ends up taking up Razer on this until we get more clarification on what the miner does for them, and even then it needs to be a lot more lucrative to interest most people. Source: Razer
Add your own comment

36 Comments on Razer Wants to Mine Crypto on Your PC in Return for Loyalty Rewards

#27
lexluthermiester
kastriot
Another epic fail..
Vayra86
I'm lost for words.
Anyone using this should be banned from using a PC and instantly given a free console. Can't we think up a PEGI rating for that based on IQ?
Agreed.
WTH Razer? Get your heads out of your back-sides be less shady.

StanicEnemy
Why did my message deleted?
While I didn't see it, I'm guessing it was deleted because it did not meet forum standards. Please review them here;
https://www.techpowerup.com/forums/threads/forum-guidelines.197329/
Posted on Reply
#28
DeathtoGnomes
StanicEnemy
Why did my message deleted?
Im sure you'll be getting a private message shortly.
Posted on Reply
#29
Eric3988
I wouldn't want their overpriced hardware for free let alone for crunching numbers for them.
Posted on Reply
#30
craigo
Before we all subscribe ourselves to hateful personal embargo`s against Razer for this horrendous crime against the enthusiast community,
humanity and kittenfolk in kind.
I remember a very popular tech site I subscribe to entertaining the prospect of mining with members computers whilst they were logged into the forums.
but most people (and kittens) seem to still be here.
Posted on Reply
#31
hat
Enthusiast
Seems like Razer is a little late to the crypto party, unless they hope to hold whatever coin and hope it goes up in value. Also seems like an obvious cash grab to me. And the points even expire! You're not getting much at all by doing this.

As for their products, I've had a couple of their headsets. They weren't bad, honestly. This was also years ago... like 6 or 7.
Posted on Reply
#32
blobster21
Razer's goal has been reached : everyone talk about them. It's Christmas minus 10 after all. MOAAARR exposure !
Posted on Reply
#33
R-T-B
craigo
Before we all subscribe ourselves to hateful personal embargo`s against Razer for this horrendous crime against the enthusiast community,
humanity and kittenfolk in kind.
I remember a very popular tech site I subscribe to entertaining the prospect of mining with members computers whilst they were logged into the forums.
but most people (and kittens) seem to still be here.

Yeah, on cpu and via singlethreaded javascript. Razers is complete system rape.
Posted on Reply
#34
ReconNyko
I am a South Korean.
If you need to know
Cryptography is more difficult as people get more money.
So you have to show your best passion in a short time, in a low cost electricity area.
Good luck.

And Softminer
There is no resource limiter and it is 32-bit software.
See the programmer for low efficiency.

Electricity is very expensive in South Korea!
Posted on Reply
#35
Tartaros
The funniest thing about this is how you lose your crypto after a year of mining it. So unless you have more than one card you can't mine quick enough to purchase the most expensive stuff.

"I purchased a warehouse in Guangzhou and filled it with Antminer T9s and the first thing I'm going to mine is Razer Silvers because I really want that keyboard, it shines with colours." That could be the start of a routine.
Posted on Reply
#36
R-T-B
Tartaros
The funniest thing about this is how you lose your crypto after a year of mining it. So unless you have more than one card you can't mine quick enough to purchase the most expensive stuff.

"I purchased a warehouse in Guangzhou and filled it with Antminer T9s and the first thing I'm going to mine is Razer Silvers because I really want that keyboard, it shines with colours." That could be the start of a routine.
Razer Silver isn't even a cryptocurrency, to make it worse. Who knows what they really mine.
Posted on Reply
Add your own comment