ASUS dishes out employee bonuses from huge crypto mining GPU profits
Some ASUS employees are in for a big payday.
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Mining, Cryptocurrency, NFTs, it’s all getting a little bit big, with cryptocurrencies starting to break through to the mainstream, and ASUS is no different. Where they have of course been making GPUs for years, they’ve also dabbled in the mining card market and of course- sell their commercial graphics cards over to miners, as they do consumers. This latest report comes from MyDrivers (via WCCFTech).
This boon in sales is part and parcel attached to the great surge in demand for consumer graphics cards that happened alongside the COVID-19 pandemic, meaning more people than ever were stuck at home, and more people than ever before bought their first PCs, and more than ever also upgraded them. However, it would be remiss to not also mention the growth of the cryptocurrency market in the same breath. The price of bitcoin remains in a boom and bounce cycle, with corrections incoming every now and then. But, we’ve seen this cycle through enough times to notice that it just keeps going up.
Of course, this affects consumer availability, so cryptocurrency also deserves its own place with regards to being a part of the blame for the current shortages of consumer graphics cards, which has impacted the market overall, in addition to helping to create the scalper market by assigning graphics cards with a more defined value than previously ascertained simply by the RRP that manufacturers sell them for. Now, hashrates matter just as much as framerates.
ASUS bonuses and 30% YOY revenue increase
With regards to ASUS Specifically, bonuses are reported to have been as much as $55,000 USD, in addition to being worth up to 2-3 months of an employee’s salary. According to the report, they have also given out on-site rewards such as cars and cash. This is because of a bigger story with ASUS’s revenue, which has seen a 30% year-on-year increase. This is partially due to the relative increase in the price of graphics cards across the board. There are no signs of the crypto train stopping, so it’s an incredibly good indicator for ASUS themselves, but it could spell more bad news for consumers, who now face an increase in price and continued shortages in the middle of the crypto boom and COVID-19 pandemic.
Are you struggling to look for a brand-new graphics card? You can get your hands on one below. While we’re here, there’s a stock drop of Xbox Series X’s over at Gamestop, too.
