Electroneum to Unveil Mining Smartphone

Device itself costs $60-$80 (depends on region) and developers estimates profit as $3 per month
27 February 2019   282

The British cryptocurrency startup Electroneum introduced the Android smartphone M1 for mining ETN tokens. The price of the gadget will be $ 80.

M1 is a Google certified smartphone with integrated cloud mining technology. It supports 4G mobile standard and two SIM slots. The memory of the device is up to 32 GB, the camera is 5 megapixels, and the processor is Quad Core 1.3 Ghz.

Initially, the smartphone will be sold in South Africa, and the price in some regions may fall to $ 60, since the startup focuses on developing countries.

In this case, the estimated income will be up to $ 3 per month.

After conducting an ICO for $ 40 million, Electroneum fell victim to a massive DDoS attack. Then the accounts of 140,000 ICO participants were blocked due to the huge flow of malicious traffic from the botnet.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   110

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.