HTC Exodus 1S will soon mine Monero (XMR)

Htc associated with Midas Labs in order to allow users of his Exodus 1S to mine Monero (XMR) directly from their mobile.

Sure Forbes, the blockchain director of HTC, Phil Chen, explained that this initiative was aimed at making the Monero mining (XMR) more decentralized.

The owners of HTC Exodus 1s, the latest blockchain smartphone from the Taiwanese manufacturer, will be able to use the app from the startup Midas Labs, DeMiner, to extract digital parts XMR.

In terms of mining power, DeMiner would achieve the same results as an average desktop computer while consuming much less power. The app would undermine approximately $ 0.0038 of XMR per day.

The number of mobile phones in 2020 is approaching 3.5 billion, which would decentralize and further distribute the hash rate and operating power. Monero is an important and crucial experience that resists the trend of centralized mining. It uses an algorithm called Random X which is suitable for processor-based calculation. In Htc, our position is to use the mobile phone to speed up the decentralization, ”Said Shen.

Dr Jri Lee, the CEO-founder of Midas Labadded that mining of cryptocurrencies on mobile devices "responded perfectly to the main spirit of blockchain, namely the decentralization "

Using Monero for example, the mobile hash rate could easily exceed the existing hash rate if only 1% of smartphones were mining, "he said.

Read also : Baidu employee jailed for mining Monero

In December, Htc announced to lay off part of its staff and focus more on innovative technologies such as blockchain and the VR.

Last month, the Taiwanese manufacturer unveiled theExodus 5G Hub, a secure 5G router which notably allows you to run a node Bitcoin full.

Launched in 2014 and focused on confidentiality, Monero (XMR) is naturally very popular with pirates. More than 4% of Monero tokens (XMR) in circulation were allegedly undermined by malicious people.

The digital part is currently evolving at the 14th place in the ranking of cryptocurrencies with a market capitalization over $ 900 million.