Theta Labs launches tool converting smartphone GPU to mine TFUEL tokens

Theta Labs has launched EdgeCloud for Mobile, which allows users to earn TFUEL tokens by contributing their smartphones’ GPU power as nodes in its decentralized network.

According to a press release shared with Crypto.news, EdgeCloud for Mobile aims to power a decentralized cloud computing network by leveraging the computing resources of approximately 3.9 billion active Android devices worldwide.

Theta EdgeCloud is a DePIN-powered hybrid cloud-edge computing platform that uses over 30,000 distributed nodes to deliver scalable, cost-effective GPU computing resources. As smartphones become increasingly powerful and capable of processing complex computations, the platform aims to leverage these capabilities.

By allowing smartphones to become part of a decentralized network of nodes, the platform will be able to “radically change the scale at which it operates,” according to Mitch Liu, co-founder and CEO of Theta Labs.

“This move significantly increases the capabilities of our network, going from 30,000 PC nodes to potentially millions of mobile devices. Each device contributes to our distributed GPU power,” Liu added.

These devices will help with AI computations like video object detection by running small, parallel tasks. Theta Labs estimates that if just 30,000 Android devices used just eight hours of GPU power per day, they could generate 240,000 hours of computational work in a single day.

The EdgeCloud mobile app, available on the Google Play Store, offers users the flexibility to share resources only when the device is plugged in or connected to a Wi-Fi network, minimizing battery drain and data usage while contributing to the network and generating passive income.

In exchange for committing their resources, users receive TFUEL tokens, the native token of Theta Network. At press time, the altcoin was up 98.8% in the past year.

The app will support all Android phones and tablets produced after 2020 without geo-restrictions.

As previously reported by crypto.news, Theta EdgeCloud has acquired several partners from academia who are using the platform’s resources for advanced AI research in areas such as media, healthcare, bioinformatics, and finance. The latest organization to benefit from the DePIN-powered network is Seoul Women’s University.