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Heads up crypto startups: Learn how to mine cryptocurrencies from your phone

At the Mobile World Congress a new smartphone was introduced that will allow you to do mobile mining from anywhere

More acceptance for bitcoin and others

The cryptocurrencies, such as Bitcoin, Ethereum and Ripple, are gaining more acceptance every day among Fintech users and experts in the field of finance. To show this, it is enough to see the most recent decisions of banks like JP Morgan and operators like Nasdaq.

Its acceptance could also be seen during the Mobile World Congress 2019 in Barcelona, Spain, where a solution was presented for those interested in mining these assets: Electroneum M1.

The first smartphone

It is the first smartphone dedicated to cryptoming, which promises to pay its users up to 3 dollars a month in ETN (currency of the manufacturer) just by using it.

This project of British origin will use a new way of mining through the Cloud, something they call “Cloud Mining”; The present solution is aimed at users in developing countries who wish to use the proceeds from the payment of digital services, mobile recharge or purchases on the Internet.

About Electroneum

Electroneum started in 2017 as an application available for Android and iOS with the same functions as now, however it was not until November of the same year that they launched their Initial Currency Offer (ICO, for its acronym in English), which then reached a market capitalization of 40 million dollars.

The M1 has a Quad Core processor of 1.3 Ghz and its storage capacity oscillates between 8 and 32GB; In addition, it comes with version 8.1 of Android and a rear camera of 5 megapixels.

Prices

Its initial price is $ 80, and will only be available in South Africa, as the company wants to focus there to start the project. In this country, they point out, “there are more than 11 million unbanked people who earn an average of 30 dollars a month, so the use of the smartphone can be profitable.”

Published inStartups

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