Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from GamerHash. The AMA took place on April 1 and our guests were Artur GamerHash (CMO and Co-founder) and Adasko.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Andrés M. | Satoshi Club: Good day beloved community, I’m glad to introduce you our guests today @Xar00 and @adasko.
Artur GamerHash: Pleasure to be here guys, looking forward for our AMA. We saw great energy on our Twitter when we announced AMA here
adasko: Same here, lets the fun begin.
Andrés M. | Satoshi Club: Let’s have it, how is going your day guys?
Gold Rocket | Satoshi Club: I saw on your Twitter everyone is really looking forward to this AMA.
Artur GamerHash: My name is Artur, I’m CMO and cofounder of GamerHash. about by background – over last 15 years I managed digital teams in one of the top Swiss corporations in Zurich, with a team of over 50 people.
The crypto journey for me started 3 years ago when I traveled to Zug when Vitalik was running an Ethereum ICO there – I just felt this new energy, and I was totally in. I cofounded few blockchain projects in Poland but actually GamerHash is taking 120% of my time. It’s really great one. I’m Oxford BlockChain Program Alumni with a broad network in UK, Switzerland and Poland. Shortly about me.
Gold Rocket | Satoshi Club: What is the essence of your project? How long does it take to develop a project? What plans do you have for the future? And what can we expect from GamerHash?
Artur GamerHash: just imagine self-financing super computer – build on the computers of gamers.
Andrés M. | Satoshi Club: That sounds so good to be true.So, please tell us how achieve it.
Artur GamerHash: As mentioned – GamerHash in a nutshell is a self-financing supercomputer. We direct the idle CPU & GPU of gamers to mine crypto. Gamers install our application on PC and our system is calculating real-time, which two out of twelve cryptocurrencies should be mined. There is always one crypto mined on CPU and one on GPU.
How profitable is it for the user? Currently, the average gaming PC mine monthly $70 to $80, and we don’t calculate 24/7 usage – just when the computer is idle (on average). We can be trusted as GamerHash is already 3 years old and has more than 550.000 users!
So to conclude – You install our app, and our secret source does ale the calculation what is the best crypto to mine for your PC, real time, no mining know how is required.
Andrés M. | Satoshi Club: How much RAM power it consumes?
Artur GamerHash: Mining happen on CPU & GPU, tokens/coins protocols describe which crypto can be mined on which. we never overclock your machine – to keep the temperature and noise level low.
Andrés M. | Satoshi Club: So, are you only focused on users with PC gamer?
Artur GamerHash: so its an app which work in the background and give daily income.
For now, yes, but already we are preparing Max version, we are researching M1 CPU possibilities. In the long run I see GamerHash on consoles – like crypto console ATARI. And in few years’ time also on mobile phones but for now mobiles without GPU are too weak.
Andrés M. | Satoshi Club: With the same monthly income?
Artur GamerHash: for sure not, to evaluate monthly income we calculate crypto prices, hashrate and many different KPIs. For now, it’s hard to evaluate how mining will be profitable in future.
I’m very proud of my team, as together we managed to acquire first EU crypto license for our $GHX GamerCoin. we worked hard with Maltese regulator – MFSA, and we are first fully regulated project working in the EU. it’s really smth that differentiate us on the market and provide security to our private sale investors.
Q1 from Telegram User @Andrey_Seleznov
You mention earning while playing games or watching movies. What is the process, do users need to play specific games through your client or any game and just keep the mining client in background? How do you make sure mining will not adversely affect performance and drop fps to 0? Thank you?
Artur GamerHash: very good question Andrey, and I will be able to touch base our Play & Earn module. with the mining – we do have access to all motherboard KPIs and we are able to choose precisely level to which PC can work without being loud and mess the performance. We do have 3 years in experience in setting this up – we are fully safe solution, about the Play&Earn –
This is solution which we propose to low-end computer which are to week to mine crypto – like laptops f.ex. The way it works is that our gamer sees number of games in which they can play to earn money like. f.ex. famous World of Tanks – if gamer will play the game and will achieve the targets that we show for each game he will get paid. for each country we have different set of games, as each game dev studio have different targets with user acquisition. hope it’s clear now.
Q2 from Telegram User @Pratze
As written in your whitepaper, there will be tokens monthly that will be shared among gamers participating on the platform. How is the way GamerHash share the token? Is it through airdrop & bounty activity or you just drop it randomly to participant?
Artur GamerHash: On the daily basis we have tens of thousands mining PC on our platform, on the first day of the month we do unlock GHX bonus budget for miners, its 10.000$ in GHX for month. So for each X daily BTC income users get 20%X in GHX. When the 10kUSD finishes the bonus is stopped and miners function without bonus, so actually we can say that $GHX is the first ERC-20 token that can be mined.
Andrés M. | Satoshi Club: That’s the Gamercoin, right? Which are the use cases or main benefits for holders?
Artur GamerHash: yeap, exactly – we are already at CMC, without being listed https://coinmarketcap.com/currencies/gamercoin/ thanks to our great community.
Artur GamerHash: our GamerCoin is native token of GamerHash platform gamers can use it for following:
- Ordering products from GamerHash Store with additional bonus.
- Access to dedicated competitions / events for GHX hodlers.
- Hodling and owning GHX tokens would allow to receive bonuses in GamerHash ecosystem, e.g. daily bonuses (rewards, additional rebates, also we are working now on staking.
Gold Rocket | Satoshi Club: Does community activity affect the final product?
Artur GamerHash: For now, we don’t have DAO or governance token – it’s in the pipeline. gaming community love these things, we are really lucky to work with gamers, as CZ mentioned once in his twit – Adoption of crypto will come through gaming. No one is prepared to understand physical value of digital assets like gamers, they’re paying for sword in WoW or other games for long time already.
Q3 Telegram User @JuanSB07
In 2017 the $ GHX private sale was a great success with a “Hard Cap” of ($2.8 M). But you mention that not only this sale brings success, but also the legal issues. So, could you explain me how GamerHash managed to leverage these funds? Were they used for the development of the project and community? And speaking a little bit about the legal issues, did you have any problems, since you mention it a lot in your medium?
Artur GamerHash: Our legal procedure with Maltese MFSA was not easy, probably you guys remember that companies like Binance or okex were running away from Malta after not meeting requirements, for us it was very exhausting but it the end now the success taste better, probably we are the smallest company that managed that and definitely first the will list its token soon, that’s why I mentioned in the beginning that I’m really proud of our team.
What it has complicated?
1. much more procedures with AML/ KYC, but it secures our investors better, we have Maltese agent who is checking are we delivering our promises from the roadmap.
2. we couldn’t do public sale. in our license allowed was only private sale and listing. Luckily we were oversubscribed in private sale and reached hard cap. otherwise we would have to burn some tokens before the listing.
Gold Rocket | Satoshi Club: Do your users need to pass KYC?
Artur GamerHash: In private sale they had. mining have different rules, depending on the levels of cashouts.
Andrés M. | Satoshi Club: privacy and security is an important topic for gamers, so has been your project audited or is it in process to be?
Artur GamerHash: it definitely has, when we were applying for crypto license we were audited by gov. security company on Malta, our apps, procedures, wallets approach & smart contracted were revised in technical audit. It was >200 pages and we passed that of course, as it was necessary to acquire the license. Now on quarterly basis we are being checked by them.
https://play.google.com/store/apps/details?id=com.gamerhash.app
iOS – https://apple.co/2VxLMcE
Q4 from Telegram User @victorogb
One major drawback to achieving a full user experience on most gaming platforms is ultimately the constraint of user geographical location. I was particularly taken back knowing I just couldn’t enjoy these amazing service because of my current location. How will GamerHash address this and what are your geographical expansion plans for your services over the coming months and maybe years, and do some of your unique gaming products and service vary with countries and regions?
Artur GamerHash: cool question, thanks, mining possibilities of GamerHash are not limited to any localization, just today we were twitting that in last month we have users from 168 countries.
limited offer is for Pley&Earn – over here as I mentioned already for each country we have different contracts with game-dev studios, we are working now to have coverage in our main markets with top games like World of Tanks or Game of Thrones, that’s it Victor, thanks for the question!
Andrés M. | Satoshi Club: Great answer, btw, which other games do you have in plans?
Artur GamerHash: we are specially working with top crypto games, we are partner in Blockchain Game Alliance with companies like Sandbox, Enjin, Atari, Decentraland or Animoca Brands, we want to bring education to our gamers with decentralized gaming concepts, this year will be full of them but cannot disclose details yet.
Andrés M. | Satoshi Club: Come on, any Easter egg for our community?
Artur GamerHash: we have nice parcels in few decentralised metaverses, speaking about the Easter – really nearby.
Andrés M. | Satoshi Club: And what about NFTs, do you have in plans some?
Artur GamerHash: yeap, we were working on them before it was cool, already last year in conference in Miami we were saying the its the next big thing after defi, people were laughing, but well, we are building P2P NFTs marketplace within our ecosystem. We see that there is number of great NFT protocol and concept but real life gamers don’t have the clue, we want to be bridge here, connect technologies with gamers via education on our platform. We will become Amazon of NFTs in 2-3 years’ time.
Q5 from Telegram User @Derazy
Gamerhash promote gaming generation while playing games for crypto using PC. That is interesting because people mostly only playing games without knowing they can mine while playing. Taking consideration on this PC game, we know that gaming requires minimum standard specification on PC/Laptop. In that case, is there minimum PC/Laptop specification for Gamerhash? Is it high space requirement?
Artur GamerHash: good one, lets dig into details, laptops are not perfect for mining – I do mean general mining, not only with us, its connected with the fact that laptops have integrated GPU – graphic cards, it’s not good match.
So minimum I would say its classic PC with normal graphic card, on average now gamers earn 70-80 monthly, but also – to show to scope – we have top notch gaming PC in the office. with components very hard to get, it earns 700-800$ monthly, it will break even in 7-8months.
Q6 from Telegram User @AmirJosh
Do the GamerHash mobile app contains all the functions when using GamerHash on PCs / laptop? And do your app work with all kinds of mobile phones?
Artur GamerHash: Our app works with all mobile phones on iOS & Android, it now allowing mining but its showing & monitoring devices, so while being in school or work u can guys check is the device earning or not, also it allows to keep crypto as a wallet and do purchase in our store, btw. our store allows to buy via crypto >600 digital products, like Netflix, Spotify or amazon coupon cards with us You can passively earn and then pay Your monthly services bills.
Andrés M. | Satoshi Club: What kind of products we can find in the store?
Artur GamerHash: Also we do have games and games keys, everything that gamers need and there is much moooore to come like I said we have perfect timing surprisingly COVID situation helped us a lot soon we will have our first listing. Hope I see lot of You guys on our telegram – https://t.me/GamerHashOfficial & twitter https://twitter.com/GamerHashCom
PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS
The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.
Q1 from Telegram User @cryptonation2
Adoption and awareness of project is essential for a global project but for non-English speakers do you have any plan?
Adasko: Hey, firstly we started in Poland after reach more than 50k of users in really quick time decided to go worldwide – for now focusing mostly to involve Asian community so I Can say we already trying to involve non-English speakers because we believe that community is key to scale our success.
Q2 from Telegram User @Xusuo
GamerHash makes user possible to create money only by install application and let the computer mining, is there any specification for PC so your mine program can run smoothly? If I turn on my PC 24/7, how profitable for me?
Adasko: Hey, so our user friendly app make possible to earn money from your computing power – if you want to know exactly amount of money check our refresh profitability calculator on our website https://gamerhash.com/en/calculator.
Q3 from Telegram User @Airborne19
I see in white paper that there will be a MONTHLY TOKEN DISTRIBUTION to all users…what is the conditions to be concerned by the airdrop?
Adasko: So as Artur already mention, in the beginning of every month we open a cap of 10.000$ in GHX for our users as an additional bonus to their incomes – first come, first served, so all of our users can become a GHX owners, also in Q2 we will add to our Play&Earn module bonuses in GHX too.
Q4 from Telegram User @smelekin
What are you bringing to the world with mining?
Adasko: That’s good one 🙂 We are bringing community of more than half millions of gamers who has great PC’s and now they are able to share the computing power and has income from it, they can exchange their crypto which they earned with us to digital goodies or coupons for your local grocery shop etc. – we call its mass adoption.
Q5 from Telegram User @boradam
I didn’t see any NFT support on the website. Don’t you like NFT’s too? Will GamerHash support NFT in the future?
Adasko: Hey, yes predict that NFT’s will be new trend when we were part of MIAMI blockchain week! We want to be p2p marketplace for NFT till the end the year so if you are NFTs lover (we all, right?) just follow us.
Q6 from Telegram User @ubuntucoder
For which operating systems did you build the software for? Can I use it on my Linux?
Adasko: for now, its Windows only, Linux & MacOS in preparations.
Q7 from Telegram User @csgonub
What is your favorite game?
Adasko: Well – its CS:GO 🙂 our advisor is NEO, known from famous Virtus Pro & FAZE, he is helping us in Asia.
Q8 from Telegram User @cryptofollower
You said you are controlling the computer when it is idle. Is it possible for us to run the mining software even while we are using the computer for daily stuff like surfing?
Adasko: Hi, great question – yes, meanwhile watching Netflix, YouTube or simple surfing you are able to do this and mine same time 🙂
Artur GamerHash: Exactly – seeing Netflix or YouTube usually takes up to 15% if available computing power, in this way we allocating electricity loss and are ecological mining. We don’t advise to keep PC up and running 24/7 – GamerHash works in the background while you guys do other stuff.
Q9 from Telegram User @nadee5
$GHX is not listed yet… Where will it be listed first? How can I buy $GHX?
Artur GamerHash: I kept this questions for the end. We will be listed in coming month – we are aiming in top tier exchanges as we are fully operational business with 500k gaming community. Check our channels for details – it’s coming.
Q10 from Telegram User @Jhon300896
Do I have to leave the computer running while mining is in progress to get monthly income?
Artur GamerHash: We advise to mine when computer is idle anyways – on daily usage- Gamers have their computer switched on 24/7 so their perfect partners for us.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about GAMERHASH. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.
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