NanoBytes LLC / Pick Axe App

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:

https://play.google.com/store/apps/details?id=com.nanobytes.pickaxe