Mobile phone giant HTC will allow users to exploit the Monero (XMR) cryptocurrency through their blockchain phone, Exodus, according to an announcement on April 10. The announcement states that thanks to a partnership with chip design firm ASIC Midas Labs, the Taiwanese company could leverage Monero through an application called DeMiner, which will be downloadable in the second quarter of 2020. Reduce mining costs Due to the growing concern that cryptocurrency mining activity involves high power consumption and, therefore, high prices, HTC guarantees that these levels can be reduced by transferring work to mobile devices. The app would be designed to shut down mining automatically, whether using a mobile phone or charger not connected. Phil Chen, HTC's decentralized CEO, added: “Mining on mobile is an essential research topic in understanding the development of secure cryptocurrency networks. The number of mobile phones in 2020 is approaching 3.5 Billion, which would furthe
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