Vitalik Buterin called mobile mining a “stupid undertaking”

The co-founder of Ethereum spoke negatively about the idea of ​​PoW mining on smartphones in response to HTC's statement aboutAdding an XMR mining app.

On Twitter, Vitalik Buterin said that mining atmobile phones — "stupid idea." He referred to HTC's recent announcement that users of the Exodus 1S smartphone will be able to mine Monero through the DeMiner application created by chip designer Midas Labs. Ethereum co-founder wrote:

“Mining on phones is a stupid game. This runs counter to everything we know about hardware economies of scale and is more likely to simply give users false hope and not help them. On the other hand, staking on phones, in my opinion, has prospects. ”

Given that mining XMR on Exodus 1S byat current prices will bring its owner less than $ 1 per year, it’s hard to disagree with Vitalik. Do not forget about the accelerated wear of the hardware of the smartphone during mining.

One of the users asked what to usethe power of their processor is worse than the fact that “the rich get richer thanks to their capital,” apparently implying large miners. Buterin responded:

“It’s like PoW — it is selfless work, labor with sweat and blood, and not just passively waiting for the equipment (that you bought because you are rich) to make you even richer.”

During the announcement of a new mining applicationMonero, HTC said it is in development, but Midas Labs plans to release it this quarter. According to the company, DeMiner will reduce mining costs and make it more decentralized.

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