Ya gotta ask yourself why when the object of it is to sell more ASUS hardware and ASUS gets whatever cut of the money Quantumcloud makes. This is serving ASUS, not the customer. Here's a thought ASUS, make features that customers want, not self-serving nonsense like this.

 "won't get rich quick, but you can earn some easy money with your idle GPUs"

lol
 
More like lose more money to the electric bill.  Your idling GPU loses some money to the electric bill, but when mining, it will lose much more.  The cryptocurrency value is so low that you won't get hardly anything.

Let's Hope that EVGA is Not heading in this direction.

Asus's premise is that casual mining cryptocurrency can be profitable .. and a good use for gamers idle hardware
 
I'm saying "Do Your Homework", because its a can of worm at best & a paperwork headache at a minimum
 
The only Tax advice I'm qualified to give is you should get professional help or get comfortable reading all the IRS publications
 
Some of the basic issues casual miners are probably not thinking about ........
 
1) If you earn any $ from Mining its taxable
 
2) Quarterly estimated taxes need to be filed or interest with penalties for those whom overlook their obligations
 
3) Most people casually mining have No Idea about the IRS requirements for a business ....
 
4) If the IRS determines your casual Mining is a "Hobby" & not a business - Then - All income is Taxable & None of the expenses are deductible
 
5) Good luck proving your electric consumption in your residence is a business expense for you Mining activity ....
 
 
Short version ....  its Not Found / Free Money to be had ..... No free lunch ....
 
 

bcavnaugh
Let's Hope that EVGA is Not heading in this direction.

Actually they did, but it was with Folding at Home. They offer EVGA Bucks.

Brad_Hawthorne

bcavnaugh
Let's Hope that EVGA is Not heading in this direction.

Actually they did, but it was with Folding at Home. They offer EVGA Bucks.

Not the Same IMPO.

Brad_Hawthorne

bcavnaugh

Brad_Hawthorne

bcavnaugh
Let's Hope that EVGA is Not heading in this direction.

Actually they did, but it was with Folding at Home. They offer EVGA Bucks.

Not the Same IMPO.

It's cryptomining science at the expense to your power bill. The intent is different but what the hardware is doing and your power bills is about the same.

Brad is right on this one. However, like MasterMiner said, nobody is making $$$ mining, but he should have added nobody is making $$$ mining with a GPU, unless they get free electricity.

Someone is missing my point deliberately. 

The difference between mining and folding/crunching is intent, not technical.  Miners mine hoping to make money.  What I do is a charitable contribution to advancing medicine.  I'm reimbursed some of my expense through EVGA bucks, but it's mostly intentional charity to advance science with no expectation of profit.

Vlada011
How much I could profit monthly with mine GTX1080Ti, 30-40$?
 

I would be surprised if it's really that much. Bitcoin is down about 50% in the last two weeks. So if it was $40 today it could be down to price of electricity or less in a month. Back when Bitcoin at a high miners probably didn't even make enough to cover the cost of equipment before it crashed.

bcavnaugh

Brad_Hawthorne

bcavnaugh

Brad_Hawthorne

bcavnaugh
Let's Hope that EVGA is Not heading in this direction.

Actually they did, but it was with Folding at Home. They offer EVGA Bucks.

Not the Same IMPO.

It's cryptomining science at the expense to your power bill. The intent is different but what the hardware is doing and your power bills is about the same.

Still not the same as EVGA, EVGA Bucks are given out to Forum Members as well as for Milestones and has nothing what so ever to do with Cryptocurrency and Cryptomining.
And let us not forget  and Not Cryptocurrency and Cryptomining.
It is not like you can buy your drugs with EVGA Bucks. 

Well forget it then. I’m out!

;-)

MasterMiner
No one makes $$$ from mining. Even the IRS knows this. You might as well grab a pick axe and hammer away in some old mine in Cali looking for real Au.

As others have pointed out, your electricity bill will eat you alive for the few pennies of income you’d get.

Depends on what your electric cost is, but true for MOST of the US.
A few of us (and most serious miners in the US) live in areas where electric is mostly hydropower and VERY cheap for the time being.
 

To be honest and fair with so much profit to pay only electric bill I would rather mine to help research for cancer and etc.
I hope they not cheat thousands of people who give their hardware power to help in finding different cures and not use their power for something else.

QuintLeo

Vlada011
I doubt electricity is much cheaper than in my country.
Usually is around 20 euro monthly when computer work normally.

A meaningless figure for comparison - how much do you pay per KiloWatt Hour?
As soon as you mention Euro, I become 99.99% certain MY rate is lower, and your rate is a LOT higher than in 2 counties next door to me (but their rents are higher than where I am at, so it balances out).

It's 7 euro cent per KW/h.

Actually is 6.5 but I say 7. In Europe go up to 20 and 23 I think. 
You could save if you do some things over night, after 12h is half price.
But my monthly bill for electricity, water, cable TV, cell phone, ADSL, and other taxes is around 100 euro monthly.
20-30 euro is electric bill depend how much I spent that moment, never over and never below.
In that 100 euro is included and heating during winter and heating so strong that you need to keep slightly open window constantly or you walk around in T-Shirts and underwear. But that depend of territory and buildings, part of town and only in bigger cities and not all buildings.
Other people who need to use electricity to heat self spend even double electric bill or 2.5 times higher than during summer.