Theta Labs, a software development company, has launched a mining tool for smart devices called “Theta Edge Node.”
EdgeCloud converts smartphones’ GPU power to mine TFUEL tokens. Hence, EdgeCloud’s users can contribute their smartphones’ GPU power as mining nodes in its decentralized network and earn TFUEL tokens.
Theta Labs Launched A Mobile Version Of The Theta Edge Node
In a recent X post, Theta Labs announced the release of the mobile version of the Theta Edge Node today, September 25. According to the announcement, this ground-breaking technology is “one of the biggest leaps forward in the history of Theta Network.”
The software company revealed that the mobile version of the Theta Edge Node is only available “for Android devices,” and it extends EdgeCloud’s decentralized network of over 30,000 nodes “to potentially tap into the GPU of about 3.9B active Android devices worldwide.”
Theta Edge Node is a DePIN-powered hybrid cloud-edge computing platform that leverages 30,000+ distributed nodes to offer scalable, cost-effective GPU computing resources.
As smart devices become increasingly powerful and capable of handling complex computations, Theta Labs aims to capitalize on these capabilities.
The co-founder and CEO of Theta Labs, Mitch Liu, stated that the platform would be able to fundamentally upscale its operations by allowing smart devices to become a part of its decentralized network of nodes.
He added that the platform currently has 30,000 PC nodes, but by growing these nodes to potentially millions of decentralized smartphones, the platform would be able to boost its network’s capabilities significantly as each smartphone adds to the platform’s distributed GPU power.
Liu explained that these mobile devices will assist the platform with AI computations, such as video object detection, by carrying out small, parallel tasks.
According to Theta Labs’ estimation, if just 30K smartphones contribute their GPU power to the platform for just eight hours a day, the platform would be able to generate 240k hours of computational work in a single day.
The mobile version of the Theta Edge Node is already available for download on the Google Play Store. The app only shares resources when the smartphone is plugged in or connected to a Wi-Fi network. This way, the app ensures minimal battery drain and low data usage.
More so, the app allows users to generate passive income as they contribute their GPU power to the network.
Theta Edge Node Rewards Users With TFUEL tokens
As users contribute their GPU power to the network, they earn Theta Fuel (TFUEL) tokens, the native token of Theta Network, in return. At press time, TFUEL was trading at about $0.066, having gone up by about 98.8% over the past year.
According to the company, the app has no geographic restrictions and is compatible with all Android devices manufactured after 2020.
