Electroneum (ETN), the cryptocurrency focused on mobile usage, announced today that its mobile mining applications will not be affected by Google’s recent ban of crypto mining apps from the Play Store.
To reassure everyone, Google have updated their terms to prevent phone mining, but this does not impact Electroneum. ETN mobile mining is accepted under Google's "Remote Mining" because it's a mining emulation. Great news for #financialinclusion as #Electroneum is unaffected.
— electroneum (@electroneum) July 28, 2018
Google updated its Play Store developer policies last week to ban apps across multiple categories, including the promotion of firearms and cryptocurrency miners. The company will no longer accept new mining app submissions and will discontinue multiple already on the market.
However, Google notes that apps that “remotely manage the mining of cryptocurrency” are still permitted, which is similar to Apple’s recent decision to allow only mining apps that “mine outside of the device, like cloud-based mining.”
According to their brief Twitter announcement, the Electroneum team notes that their app falls under the “remote mining” category, as it only emulates mining and doesn’t require any hardware resource from users.
The app’s monthly data usage is supposedly in the range of 4.5-5.0 MB and it has been reported that the upper limit of hash rates achieved via a single mobile device is around 50 h/s. This would produce approximately 70 ETN per day, which equates to around $21 over 30 days with a retail price of $0.01
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.