Will XMR mobile mining become a reality with the Exodus 1s?
HTC recently announced through a Forbes article that they are working on an app called DeMiner with Midas Labs. The app going to be available for download on Exodus 1S phones sometime in Q2 2020. Their hope is to provide just a little bit of decentralization to Monero mining and set forth the first step into mining with mobile devices.
At this moment we are unfamiliar with the full extent of capabilities that the phone mining app will provide Exodus 1S owners, but we know that HTC and Midas Labs hope that owners will mine at least $0.0038 per day in XMR, out of which 50% would be electricity costs.
That’s a minimal amount of mining power and revenue, which would enable you to pay off your phone (which has a 219€ price tag) in a very long time, way beyond our lifespan. This is clearly not going to be a way for phone users to accumulate a significant amount of mining profits, but running this app will be able to provide a new source of hashpower for Monero.
Even if DeMiner will not be effective in making enough profit it will still be profitable, and according to the developers, it will be significant on a global scale, even if only 1% of all smartphones are actively mining. Naturally, this means that it’s only the first step in a new direction.
Is mobile mining going to be relevant in the future?
After all, if all of our smartphones mined crypto each and every night, we would be generating a substantial amount of cryptocurrency without much work.
There are concerns as to how mining can impact the performance of a smartphone over longer periods, but the developers are confident that smartphones will be able to mine without any damage.
Whether or not this will grow to become a big trend or selling point in smartphone design remains to be seen. For now, Exodus 1s XMR mobile mining seems to be a promising starting point, but not a lot more.