Samsung built mining farm with old Galaxy S5

Subdivision of the South Korean giant Samsung, introduced a cryptocurrency export unit consisting of 40 old Galaxy S5
30 October 2017   2330

A team of engineers from C-Lab, a subdivision of the South Korean giant Samsung, introduced a cryptocurrency export unit consisting of 40 old Galaxy S5 as part of the program for processing old smartphones called “Upcycling”. This is written by Motherboard. 

Galaxy S5 mining farm
Galaxy S5 mining farm

Engineers combined forty old Galaxy S5 smartphones and created for them an operating system optimized for the crypto currency mining. According to the developers, eight smartphones can work with much greater energy efficiency than a pc with medium performance characteristics.

Samsung Galaxy S5 mining farm
Samsung Galaxy S5 mining farm

Mining farm was presented at a developer conference in San Francisco. In the future, C-Lab plans to release free software that will "unlock the potential of older devices" even better.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   101

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.