A CEO Computer Science student has written an Android Phone app that mines Bitcoins. The EMERGE@Simpson program has helped the founder form a team, create an LLC to reduce liability, write a user agreement, and other launch services. He then demo'd the product and released it in the Google Play store.
The student's novel approach drastically improves processor performance during the mining process compared to the 2-3 other competitors in the mobile mining device marketplace. The team is now learning hands on how to improve the app, pivot into a sustainable business model, interact with customers, and manage finances.
The app has approximately 5,000 downloads in about a month of its existence and is producing net positive revenue, as NanoBytes collects a commission on the Bitcoins mined daily by users of the app. A link to the app is below:
From the Director
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