Mobile phone manufacturer HTC has announced it will allow users to mine Monero (XMR) through its blockchain-enable phone Exodus.
The announcement comes amid a partnership with ASIC chip design firm Midas Labs and their application DeMiner.
HTC is wanting to reduce the high energy consumption associated with cryptocurrency mining by reallocating work to their mobile devices.
“Mining on mobile is an important research topic in understanding the development of secure crypto networks,” said Phil Chen, decentralized chief officer at HTC.
“The number of mobile phones in 2020 is approaching 3.5 Billion, which would further decentralize and distribute the hash rate and mining power of such crypto networks.”
Midas Labs founder and DeMiner CEO, Dr. Jri Lee stated, “We developed the DeMiner app such that a smartphone device will have a hashrate comparable to a desktop, while consuming much less power.”
“This enables mobile devices to be suitable for cryptocurrency mining (in a plugged-in state) for the first time. Starting from open source frameworks, we restructured and optimized mining for mobile.”
Last year, HTC released its Exodus 1s smartphone, which enables users to run a full bitcoin node on the device.
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