The HTC mobile phone manufacturer will allow users of its devices to mine Monero (XMR) cryptocurrency. All using an Exodus smartphone. Everything announced April 10.
HTC and Monero
The announcement states that thanks to the partnership with Midas Labs dealing with system design ASIC a Taiwanese company will allow digging Monero. All through the application called DeMiner, which will be available for download in the second quarter of 2020.
HTC, which should be interesting crypto– miners, ensures that mining energy consumption levels can be reduced by transferring this type of work to mobile devices.
Phil Chen from HTC said
“Mining on mobile devices is an important research topic in understanding the development of secure cryptographic networks. The number of mobile phones in 2020 is approaching 3.5 billion, which would further decentralize and spread the mining capacity of such networks. “
The expert also stated that the world of cryptocurrency is “threatened” by domination at the hashrate level, which is to some extent caused by giant mining mines. He himself believes that the democratization of the process by using smartphones to dig will save the situation.
Dr. Jri Lee also commented on DeMiner, CEO and founder of Midas Labs:
“We have developed the DeMiner application, thanks to which the smartphone device will have a hashrate comparable to a desktop computer, while consuming much less energy. Thanks to this, mobile devices may be suitable for cryptocurrency mining for the first time (in a connected state). Starting from platforms open source, we restructured and optimized mining for mobile devices. “
HTC on the market of blockchain devices
HTC released its first smartphone that benefited from the benefits blockchaina, More than year ago. In turn, Exodus 1s, the new version of the “regular” Exodus, allows full node support in the network Bitcoin (BTC) on the device.
HTC has competition on the market. Samsung is also clearly entering the critical space. Storage is available on the Galaxy S10 private keys to the wallets on which we keep digital funds.
In addition, the market works by Sirin Labs, which produced Finney – a smartphone that is also a wallet on kryptowaluty. However, the company has some problems. She dismissed some staff in 2019.
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