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HTC’s crypto mining phone takes 500 years to recoup cost of device



Taiwanese electronics giant HTC has partnered with crypto miner design company Midas Labs to bring a Monero (XMR) mining app to its line of Exodus crypto smartphones. The HTC Exodus and Exodus 1s will both receive the app, called DeMiner, which will launch sometime this quarter. According to Jri Lee, founder and CEO of Midas Labs and professor at National Taiwan University, the benefit to mining Monero on a smartphone is the lower power consumption compared to other mining devices. “Midas Labs empowers Exodus 1s users to mine at least $0.0038 of XMR per day on average, while the electricity cost is less than 50% of that,” he told The Block. The company suggests that someone could mine about $0.06 of XMR per day on a laptop, but spend an average of $0.156 on energy to do so. Running the DeMiner app, the HTC Exodus phones will automatically stop mining when in heavy use or unplugged from a charger, ensuring that the phone still remains a functional, reliable phone throughout the day. Read More...