Free Bitcoin Guides for Bitcoin Beginnes

Free Bitcoin Guides for Bitcoin Beginnes

Looking at what is happening today in the world, one can conclude that the authorities have recognized that the current crisis is…

April 12, 2020

The number of new cryptocurrencies is steadily growing year by year. And that’s a positive tendency. The only problem is that it’s…

April 10, 2020

The European Central Bank (ECB) is also considering a digital currency. The institution has not yet issued a letter of intent that there…

April 10, 2020

A new Tezos token called tzBTC brings Bitcoin (BTC) to the Tezos blockchain for the first time. The token was developed under…

April 9, 2020

Michael Burry is the hero of “Big Short ” – the man who predicted the crisis of 2008. Now he believes that…

April 9, 2020

This question has popped frequently in the crypto world. Crypto advocates have always considered Bitcoin the money for the crisis. Now the…

April 8, 2020

The halving means that the reward the miners receive for finding a block is halved. Bitcoin Cash (BCH) is expected to be…

April 7, 2020

The Bitcoin price is currently increasing significantly and pulling the entire crypto market upwards. The hash rate in the Bitcoin network also…

April 7, 2020

For several days, the author of “Rich Dad, Poor Dad” has released financial recommendations to the world. He thinks that cryptocurrencies will…

April 5, 2020

The topic of the economic crisis does not go down from the front pages of newspapers and top portals on the internet.…

April 4, 2020

Source: 7bitcoins.com


Bitcoin: institutional escape

Bitcoin: institutional escape

Source: www.wallstreet-online.de

biotechradar

Bitcoin: institutional escape

HTC Is Bringing Cryptocurrency Mining to Its Exodus Blockchain Phone

Taiwan-based tech giant HTC will allow users of its Exodus blockchain phone to mine cryptocurrency, but it isn’t going to make them rich.

As reported by Forbes on Friday, the firm has partnered with Mida Labs to use its DeMiner app on the Exodus 1S model. The app allows users to mine monero (XMR) and can earn users up to $0.0038 in the crypto on average daily. The electricity used to carry out the mining tasks would come to less than half the income from mining, according to the report.

That amount of income isn’t going to repay the cost of the phone in any reasonable timespan and, in fact, would take around 13,680 days (roughly 37 years) to earn the value of one unit of XMR at the current price of $52 apiece.

However, HTC says the effort is aimed at bringing further decentralization to crypto mining, a process that sees computers used to secure the blockchain and process transactions in return for block rewards.

Mining of cryptocurrency has progressed from using computer processors to graphics cards and even dedicated processors called ASICS for some blockchains as participants sought to maintain returns amid rising network difficulty. As such the ability to mine on a mobile phone is at least novel and may increase adoption and education around cryptocurrency.

HTC said the DeMiner app – expected to launch sometime in Q2 2020 – used on the Exodus is roughly equivalent to a desktop computer in terms of mining (or hashing) power, but brings far lower energy demands.

“The question is not should we use an ASIC or a CPU. The question is how can we further decentralize and ensure a more inclusive monetary system?” Phil Chen, HTC’s decentralized chief officer, said in the Forbes report.

HTC introduced the Exodus 1S last October, touting it as the only mobile phone that can run a full bitcoin node. The Exodus range allows users to store cryptocurrencies in the built-in Zion hardware wallet with claimed “military-grade” security.

Early last month, the firm revealed a 5G router that will also support a full bitcoin node.

Source: www.coindesk.com

Author: Daniel Palmer


Free Bitcoin Guides for Bitcoin Beginnes

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