However, Quatumcloud does not guarantee specific profits or outcomes for users, stating that users have to consider usage costs on their own, according to U.K.-based tech publication HEXUS.net. The GPU-mining startup claims to provide high standards of customer data protection compliant with General Data Protection Regulation (GDPR).
Earlier in November, ASUS teamed up with California-based semiconductor supplier AMD and other major tech companies to produce eight new crypto mining rigs. Partner companies reportedly include Sapphire, ASROCK, and MSI, among others.
In July, Cointelegraph reported that GPU prices were declining along with sinking prices in crypto markets. Other GPU manufacturers like Nvidia have been negatively affected by the current bear market. When the firm announced its Q3 results earlier this month, it revealed a “crypto hangover” due to disappearing sales to crypto miners.