Can you imagine having a mobile that pays you just to use it? This is precisely the concept of Electroneum M1, the first phone on the market dedicated to cryptocurrency mining. The new model promises to pay its users about 3 euros in exchange each month in ETN (the cryptocurrency developed for the project) just for making use of it. For those who are not very into the topic of cryptocurrencies, mining means discovering new Bitcoins, since these virtual currencies are not created, they are discovered.
Basically, the Electroneum M1 proposal consists of buying the terminal and installing the Electroneum application (compatible for iOS and Android) to start mining. As explained on its website, "transactions" are carried out in the cloud, so mining can continue even if there is no active data connection. The project, of British origin, aims to provide a small line of financing to users in developing countries who wish to use the proceeds to pay for digital services. For example, in recharging the mobile or buying online. It must be borne in mind that in these countries there are millions of people who earn about 30 euros a month, so the use of this terminal can be very useful.
Regarding its technical specifications, Electroneum M1 has a 4.5-inch screen, as well as a 1.3 Ghz quad-core processor. The available storage capacity is 8 GB expandable to 32 GB. At the photographic level, this model has a 5 megapixel main camera and a 2 megapixel front camera. It also equips a 1,600 mAh battery and is governed by Android 8.1 Go Edition. Without a doubt, it is a very affordable mobile in terms of performance and price. And it is that it only costs about 70 euros to change, which means that mining cryptocurrencies could be amortized in about two years.
