Smartphone manufacturer HTC will allow users to mine Monero (XMR) Monero coins through its EXODUS 1S blockchain smartphone. HTC said it will cooperate with ASIC chip design company Midas Labs to carry out this plan. Midas Labs is developing an application called DeMiner, which is expected to be available in the second quarter of 2020. The application can set the phone to start in different situations or Stop the automatic mining function. Phil Chen Chen Xinsheng, head of HTC’s blockchain business, said that DeMiner will help cryptocurrency mining be more decentralized and make it more cost-effective. “This application makes mining on smartphones cost-effective and can incentivize miners. And contribute to the decentralization of the network. ” Jri Lee, founder and CEO of Midas Labs, said, “Midas Labs enables EXODUS 1S users to dig out at least $ 0.0038 of XMR per day, and the electricity cost is less than 50% of home computers.” Midas Labs also stated that it has completed the seed round of financing led by the blockchain venture capital fund Proof of Capital. HTC is also the main supporter and investor of the fund, and HTC ’s “Chief Decentralization Officer” and HTC blockchain mobile Phil Chen became the managing partner of Proof of Capital.