[ad_1]
Vitalik Buterin, the co-founder of Ethereum, expressed a low opinion of the idea of mining cryptocurrency via mobile phones.
Tweeting On April 13, Buterin said mining on cell phones “is child’s play,” referring to cell phone maker giant HTC’s announcement to allow users to mine Monero (XMR) through its blockchain phone, Exodus. .
The Ethereum co-founder added the following in reaction to the announcement:
“[It] it goes against everything we know about hardware economies of scale and is more likely to deceive users with false hopes than to help them. “
Furthermore, he added that “betting on phones”, on the other hand, is “quite promising”.
Mixed reactions to Buterin’s tweet
There have been several reactions on social networks to Buterin’s comment. Some have questioned that he downplayed the concept of mobile crypto mining, referring to cases like Ardor, where mining can be done via Android phones. Others agreed.
In answer To a user asking how to use CPU power to mine “it is worse for the rich to get richer by virtue of the size of their purses,” the Ethereum co-founder replied:
“As if PoW was a virtuous act of working with blood and sweat and not largely just sitting around waiting for the hardware (which you bought because you are rich) to make you even richer.”
HTC aims to “reduce” costs and energy consumption in the mining sector
As Cointelegraph reported on April 10, HTC’s announcement came after signing a partnership with ASIC chip design company Midas Labs.
HTC said the high energy consumption and cost levels could be “reduced” by moving work to mobile devices.
In the announcement, the company also pointed out that the app would be designed to automatically disable mining when the mobile phone is in use or when the charger is not connected.
[ad_2]Source link
