Wed, May 22, 2024

HTC, Midas Labs and Crypto Mining

Crypto mining and smartphones

In the modern world, there is no shortage of smartphones. Moreover, smartphones became an integral part of everyday life. People can choose from phones produced by Apple, Samsung, HTC, Xiaomi, etc.

It is worth mentioning that, users have the possibility to use a smartphone for crypto mining as in the case of HTC Exodus blockchain smartphones.

Moreover, HTC’s Exodus blockchain smartphones will soon receive their mining app called DeMiner. The app is scheduled to launch in the second quarter of 2020. Midas Labs is working on this app.

Thanks to Deminer app owners of blockchain smartphones will be to able mine Moreno cryptocurrency when they are charging phone their phones. Smartphones produced by HTC should be able to mine $0.0038 of Moreno a day. Consequently, at that rate, a person will make over a dollar a year.

As a result, it does not make sense to buy Exodus 1S for that purpose as it will take a lot of time to cover the price of Exodus 1S.

HTC Exodus 1S and crypto industry

Exodus blockchain smartphones and crypto mining

Hopefully, Exodus 1S is more useful compared with an average laptop. For instance, thanks to the relatively efficient processor it consumes less power than it mines. An average laptop can mine $0.06, Moreno, a day but will consume $0.156 of power.

This is not the end of the story, as by turning mobile devices into mining machines, this step could help to create a larger and more decentralized network. As a result, thanks to such projects it will be easier to stop giant mining pools from too much of a cryptocurrency’s blockchain.

Last but not least, Exodus 1S and blockchain smartphones in general, belong to niche gadgets for crypto enthusiasts. However, HTC, as well as other smartphone makers such as Samsung, should pay more attention to emerging technologies.

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