"HTC, the mobile phone manufacturer that has taken a special interest in the application of blockchain technology for mobile phones, has now decided to cross into the realm of mining. HTC Exodus, its flagship blockchain phone, has partnered with Mida Labs, to bring cryptocurrency mining to the mobile phone arena for the first time.
Using the DeMiner app, developed by Midas Labs, the app will be available for download in Q2, 2020.
The immediate concern is that the notion of mining cryptocurrency brings to the fore high computing power and energy consumption. But HTC and Midas Labs maintain that they have made it const effective on mobile devices using the privacy-focused cryptocurrency, Monero (XMR).
The DeMiner App is reported to be comparable to regular desktop computers in terms of its hash rate ability, but its energy consumption for such computing power is far less. This enables mobile devices to be suitable for cryptocurrency mining (in a plugged-in state) for the first time.
Midas Labs empowers EXODUS 1S users to mine at least $0.0038 of XMR per day on average, while the electricity cost is less than 50% of that. Part of the reason for this endeavour is to deepen the process of decentralization by providing hardware-related solutions for the mobile industry. "
https://www.forbes.com/sites/darrynpollock/2020/04/10/htc-introduces-mobile-phone-monero-mining-to-decentralize-hash-rate/#33cca4c1e401
Using the DeMiner app, developed by Midas Labs, the app will be available for download in Q2, 2020.
The immediate concern is that the notion of mining cryptocurrency brings to the fore high computing power and energy consumption. But HTC and Midas Labs maintain that they have made it const effective on mobile devices using the privacy-focused cryptocurrency, Monero (XMR).
The DeMiner App is reported to be comparable to regular desktop computers in terms of its hash rate ability, but its energy consumption for such computing power is far less. This enables mobile devices to be suitable for cryptocurrency mining (in a plugged-in state) for the first time.
Midas Labs empowers EXODUS 1S users to mine at least $0.0038 of XMR per day on average, while the electricity cost is less than 50% of that. Part of the reason for this endeavour is to deepen the process of decentralization by providing hardware-related solutions for the mobile industry. "
https://www.forbes.com/sites/darrynpollock/2020/04/10/htc-introduces-mobile-phone-monero-mining-to-decentralize-hash-rate/#33cca4c1e401