According to an April 10 announcement, mobile phone users, HTC, will be able to mine Monero (XMR) cryptocurrency through the blockchain phone Exodus.
The announcement said that thanks to the partnership with ASIC chip design agency Midas Labs, the Taiwanese company could mine Monero through an application called DeMiner, which will be available for download in Q2 2020.
Due to the growing concern that cryptocurrency mining operations involve high energy consumption and thus high costs, HTC is ensuring that these levels can be lowered by transferring work to mobile devices.
The application would be designed to automatically deactivate mines whether the mobile phone is in use or the charger is not connected.
Phil Chen, decentralized chief officer at HTC, added:
“Mining on mobile is an important research theme to understand the development of secure crypto networks. Cell phone numbers by 2020 are approaching 3.5 billion, which would further decentralize and distribute the hash rate and mining power of such crypto networks. ”
The HTC director also claimed that the crypto world is “threatened” by hashrate dominance by giant mining pools, so he believes democratizing mobile phone access is one way to solve the problem.
About the DeMiner app, Dr. Jri Lee, CEO and founder of Midas Labs, noted the following:
“We developed the DeMiner app so that a smartphone device has a hashrate similar to a desktop, while consuming much less power. This allows mobile devices to be suitable for cryptocurrency mining (in a connected state) for the first time. Based on open source frameworks, we restructured and optimized mining for mobile. ”
Register for our groups Facebook and Telegram and stay tuned.