[G3D] Razer SoftMiner uses your GPU to mine cryptocurrency - Overclock.net - An Overclocking Community

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[G3D] Razer SoftMiner uses your GPU to mine cryptocurrency

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post #1 of 36 (permalink) Old 12-13-2018, 03:55 AM - Thread Starter
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[G3D] Razer SoftMiner uses your GPU to mine cryptocurrency

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Quote:
Razer partnered with a company called "GammaNow", their plans are this, they want you to use their mining software. You mine for it, and Razer keeps the coins.
...
In exchange for the mining, users get Razer Silver. These are not crypto coins themselves, but points that can be exchanged in Razers own webshop. This allows users to receive discounts on new products. It is not clear how many Razer Silver points are worth and how many discount users can get.
...
According to Razer, consumers can generate 500 Razer Silver credits or more in a day over the SoftMiner app. Unfortunately, 500 credits isn't enough to obtain any gaming hardware from Razer's rewards program. You'll need 51,000 credits to get the vendor's DeathAdder gaming mouse. Razer's Huntsman Elite keyboard, on the other hand, goes for 280,000 credits.
If I find my mouse driver software mine, it will be the last day I use their hardware.


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post #2 of 36 (permalink) Old 12-13-2018, 04:18 AM
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Hi,
Yeah that's wild
Best update that host file
https://www.overclock.net/forum/226-...er-miners.html

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post #3 of 36 (permalink) Old 12-13-2018, 04:38 AM
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makes you wonder whether games aren't secretly loaded with mining scripts.

trolling an adult is very dangerous, don't try it at home nor at work. you don't want to play tag with a rabid man.
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post #4 of 36 (permalink) Old 12-13-2018, 04:45 AM
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Hi,
Not sure about games but gaming sites yeah has anyone ever read the terms of use
Miner blocking list is updated quite a bit and it's long and keeps getting longer.

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post #5 of 36 (permalink) Old 12-13-2018, 07:05 AM
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Razer has got some serious balls to pull of a stunt like this. Lets break it down...

They want you to:

• Buy their products
• Download and run their software which;
• Uses your hardware, at the owners expense (wear / tear & electricity bills) that;
• Generates additional profit for Razer and in exchange they will give you;
• Currency which is only applicable for their products at a rate which you will never be able to actually obtain anything

Shove it back where it belongs.

And others might argue "It's optional". You don't have to download this if you don't want to.

The issue here is that one day, this will probably be automatically running in the background. Sure... it's optional now but for all you know, they're already doing this.

The first comments in this thread already stir doubt... and for good reason.

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post #6 of 36 (permalink) Old 12-13-2018, 07:22 AM
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What a bad move...I mean wow.


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post #7 of 36 (permalink) Old 12-13-2018, 08:06 AM
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lol what a dumb deal. You're giving crypto to Razer for free. They get Bitcoin and don't have a spend a penny on the electricity. You, meanwhile, will be able to afford a free [sic] keyboard or mouse after several months mining. I bet you'll be spending more than MSRP on these in electricity.


Quote: Originally Posted by epic1337 View Post
makes you wonder whether games aren't secretly loaded with mining scripts.
Funny you say that...


EDIT: Actually let's crunch the numbers and get an estimate. "500 Razer Silver or more" implies a floor, and they recommend a GTX 1050 or an RX 460 minimum. Both of these GPUs can be powered by the PCIe slot alone, which means they use no more than 75W. That's 24x75 = 1800Wh = 1.8 kWh per day, or about 20 cents in electricity. We can therefore give Razer Silver a real-world value of approximately 2500 per $1USD. That works out to $20 for the DeathAdder and $110 for the keyboard mentioned in the article, which is below MSRP.

But I don't think that that is accurate. The FAQ contains this excerpt:


Quote:
How much Razer Silver can I earn within 24 hours?
That depends, as there is no cap on the Razer Silver earned. The combination of location, amount of time and the GPU of your gaming setup will contribute to your daily Razer Silver earned. If you have the proper setup, you can earn approximately 500 Razer Silver or more within a day!
"Proper setup" makes me suspect that this is not the minimum RX 460 or GTX 1050 but rather a more powerful system. If you need, say, an RX 480 or GTX 1060 to earn that amount, you're suddenly doubling the power and by extension halving the value of Razer Silver. That'll bring the DeathAdder to a normal sale price and push the keyboard over its MSRP. In other words, it ain't worth it at all.

And FINALLY, in the fine print?


Quote:
Razer Softminer - Terms & Conditions
10. Razer Silver awarded in Razer SoftMiner will have a 12-month validity period, starting from the date earned.
12. Razer Silver cannot be exchanged for cash, non-transferrable and is non-refundable once expired or redeemed.
15. Razer reserves the right to change, amend, modify, suspend, continue or terminate all or any part of the Razer SoftMiner Terms & Conditions either for individuals or in general, at any time without notice.
Piss off.

Razer has taken cryptomining and made it an even bigger scam. Ultimately you're donating money to a corporation in hopes that they'll give you the privilege of buying a product from them.

I do not particularly like Razer.


EDIT 2: Oh hang on, since these expire after a year, if you're earning an average of 500 Razer Silver per day, you can only ever had 182,000 or so at a time. That's not even enough to buy the keyboard mentioned!

Oh my God this is amazing. Guys, people at Razer had this idea, approved this idea, developed this idea, and have now implemented this idea. On purpose! Actual human beings did this.

Quote: Originally Posted by TheBadBull View Post
someone sig this



Last edited by CynicalUnicorn; 12-13-2018 at 08:23 AM.
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post #8 of 36 (permalink) Old 12-13-2018, 08:19 AM
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Just to add, I was curious to try it. I know, I'm an idiot. In the two hours I've had it running, I haven't earned ANY silver at all. I'm using an EVGA RTX 2070 and R5 2600X. You'd think with them throwing that 500 silver/day number around, I'd have something by now. Then again, they do say "up to 500".



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post #9 of 36 (permalink) Old 12-13-2018, 08:19 AM
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Quote: Originally Posted by CynicalUnicorn View Post
lol what a dumb deal. You're giving crypto to Razer for free. They get Bitcoin and don't have a spend a penny on the electricity. You, meanwhile, will be able to afford a free [sic] keyboard or mouse after several months mining. I bet you'll be spending more than MSRP on these in electricity.
Funny you say that...

Few months? Try nearly two years.
Top tier keyboard costs 281,000 of their silly currency. The maximum number of coins you can earn in a day is 500. This may be attainable in a couple of hours, but does the software then stop mining once you have reached your own daily quota? Of course not.

This is an abysmal idea for consumers to adopt, but must have been very popular in Razer HQ; What company doesnt like free money??


Quote:
10. Razer Silver awarded in Razer SoftMiner will have a 12-month validity period, starting from the date earned.
So this rules out the possibility of ever earning enough coins for their top tier products. If you earn 500 every day, you can at most reach 182,500 in the course of 12 months. The new £199 Huntsman Elite keyboard, as an example, is touted at 281,000 Silver.

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Last edited by Ricwin; 12-13-2018 at 08:26 AM.
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post #10 of 36 (permalink) Old 12-13-2018, 08:35 AM
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Quote: Originally Posted by epic1337 View Post
makes you wonder whether games aren't secretly loaded with mining scripts.
Pirates would find mining scripts and post massive proof about that in few days. You can imagine the backslash it would cause.

Pirates and end users did find some viruses in last 5 years, specifically spying parts that recorded your e-mails and similar stuff. (Games are actually using graphic card for gaming, thus they don't have time to mine, and they are using CPU for massive power consuming CPU taxing calculations called DRM, thus they can't use even CPU, they would have to hack your PC as that e-mail spying game did.)
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