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   2074

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.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.