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selsta
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selsta
> 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.
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sech1
So it's like 70 h/s at current price and difficulty if my math is right
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moneromooo
That sounds great at first glance... One step towards decentralized mining... If it's not a manufacturer pool (site blocks js).
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selsta
It seems like you can specify your own pool.
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selsta
is f2pool a normal pool?
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selsta
Ok, I don’t know if you can specify your own pool. The image says f2pool but that could be hardcoded.
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niocbrrrrrr
4th largest monero pool based in china using pps, they started as a btc pool and now support 14 different coins
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binaryFate
Phil Chen is HTC's "decentralized chief officer" (lol), announces HTC has partnered with "ASIC chip design company Midas Labs"
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binaryFate
Midas Labs designs ASIC. This XMR mining app has nothing to do with ASICs, but ok
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binaryFate
"In other news, Midas Labs has today also raised an undisclosed sum in its seed funding round, led by Chen's venture firm Proof of Capital"
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binaryFate
"I'm excited by our investment in Midas Labs as they apply world class semiconductor design in the mobile mining space" yada yada, says Chen.
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binaryFate
So basically a guy works at HTC, and also leads a VC firm. He wants to pump an ASIC designer in which he's invested, so makes the ASIC designer write a mining app that has nothing to do with ASICs, and announces a partnership with HTC.
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binaryFate
Short term pump money grab, I'm not sure how HTC is ok with that as it seems like clear conflict of interest.
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binaryFate
For Monero it's some PR at least, I guess
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midipoet
binaryFate: i bet you still want that DeMiner app on your phone though ;-)
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binaryFate
The 0.1$ per month is appealing, worth the phone investment
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midipoet
lol
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binaryFate
Also their statement about mining decentralization and big pools makes no sense, the app is not solo mining
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midipoet
also on forbes
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midipoet
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midipoet
(i know that should also be taken with a pinch of salt as well)
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selsta
forbes sites not real forbes
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midipoet
oh i didn't know there was a difference. apologies
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midipoet
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midipoet
thats from the article
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hyc
worth noting that while HTC used to be #3 phone manufacturer in the world, today they have like 0.6% market share
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hyc
so this is all about trying to regain some sizzle for their brand
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gingeropolous
total miners 35990