Mining cryptocurrency on the phone, an application for devices on Android and iOS

In this article we will tell you about how mining works on the phone. Immediately we will warn you, with the help of this approach to the production of cryptocurrency, you can not get income, but experience will inevitably gain.

Introduction

Around the beginning of 2017, mining cryptocurrency has become mainstream. This forced computer equipment manufacturers to maximize their capacity and release more of their devices. But this could not solve the problem of the lack of video cards, power supplies and motherboards on the shelves of stores.

The developers of mobile applications, who began to create programs that could set up mining on a smartphone, began to address this problem. Since then, a large number of software for iOS and Android has been released, the goal of which is to make mining available without investments.

Applications for mining on the phone

Applications for the production of cryptocurrency via a smartphone can be divided into 2 categories: applications for Apple technology and applications for Android. The most popular in 2019 is MinerGate – you can download it here .

The MinerGate application is available for installation on iOS and Android devices. With the MinerGate, you can mine Bitcoin , Ethereum , Lightcoin , Monero and Baytcoin . Setting up these applications is simple.

This application uses the Media Tek MT 6737 platform with 4 streams.

Income from mining on the phone

Each of the mining applications on the phone can be tested and selected the most effective. But you can not earn money from this activity.

After conducting a series of tests, it turned out that when using an average smartphone, the MinerGate program generates about 9 hashes per second when mining the cryptocurrency Bytecoin (BCN) . As of April 2019, this capacity will generate about 1 BCN, the cost of which is $ 0.0008.

If you use applications that work on Android, then they give out more power – about 2-3 Kilohesh per second. But this does not save the situation. Therefore, we can conclude about the inexpediency of mining on the phone.

Advantages and disadvantages

As mentioned above, mining through a smartphone will not bring profit – this is a minus. But despite this, you can fully familiarize yourself with the cryptocurrency mining process, learn how to interact with pools, and so on – that’s a plus.

When choosing a software for mining, pay attention to the reviews of other users. After all, some applications in the mode of operation overheats the battery and processor, which significantly wears out the smartphone – this is a minus.

Alternative mining on the smartphone

If you do not have a computer, but you want to earn a cryptocurrency, then you can use other methods of mining cryptocurrency. In 2019, there are resources that allow you to earn Bitcoins and other coins without investments. These sites include Bitcoin cranes . The most popular and reliable tap is Freebitco .

On such sites you can easily earn a few hundred Satoshi per day. Yes, in terms of dollars it is not a lot of money, but still.

Completion

If you decide to use one of the above services, whether it is a mining application or a tap, you need to have a crete wallet to pay rewards.

For small amounts, it is easier and more convenient to use a reliable exchange wallet, for example, Binance , and for large amounts, desktop and hardware wallets are better suited.

Publication date 28.04.2019
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