Cryptocurrencies have taken over the world. We live in a day and age when we can say that with utmost assurance. The reason is that a lot of companies around the world have decided to adopt them as a method of payment. Furthermore, we can see that a couple of them, like Bitcoin and Ethereum, have reached a high value. That’s why so many people got interested in this kind of trading.
If you are looking for software that will make this possible for you, take a look at profit-bitcoin.org. The amount of money that can be earned through this channel can serve as a great source of money in retirement or for some investments. The mining process plays a crucial part. We are talking about a procedure that lets people mine coins through their GPUs.
Surely, you will need a high number of really powerful machines to reach a level where you can earn some high amounts of money. Nowadays, we can see that there is a lot of talk about whether is it possible to mine these coins with a mobile device. In this article of ours, we will focus on the possibility of mining through android devices. Let’s see if this is a possibility.
The Mining Process
The answer to the question of whether is it possible to start mining BTC with an android device is yes. However, you need to have in mind that the process will not be the same one you have been used to with PCs. The reason is that the resources your mobile phone can offer for this process are not as high as those your PCs and GPUs can offer.
Therefore, it is not known whether this kind of mining will provide high rewards at the end of the process. To be precise, we are living in a day and age when there are companies that are founded only for one goal in mind, to mine cryptos. So, this process has become almost impossible for independent miners.
That’s the way a lot of them are joining so-called mining pools. We are talking about groups of miners who are joining their resources to mine coins. When a certain amount is mined, it is shared by all those who have participated in this process. You can see that using a mobile device is almost to no avail if you are an independent miner.
We can see that mining has become way more industrious than it has been. Not only that, developers are creating hardware that is used only for this procedure. Therefore, you will need to invest in these before you can reap some serious benefits.
How Does This Process Looks Like?
In the beginning, it was much easier for solo miners to earn a significant number of coins in some period. We are talking about a process that is best described as the validation of blockchain transactions. During this process, some complex math equations are solved. Solving a block means that the store value is increased, and the miner is provided with a certain part of one coin.
Since we are talking about a highly complex process, it requires powerful GPUs, and it uses a lot of energy. That’s why the energy bills of those who have participated in Bitcoin mining will be much higher than before. The hardware you use for mining will need to work non-stop. When we say that, we mean it literally. You will not turn them off at any moment.
How Does Crypto Mobile Mining Works?
Mobile crypto mining is pretty similar to the one we’ve just described. However, you will have the capacity on doing it with a much smaller capacity. Therefore, the right move for you is to join a mining pool, where you can share your efforts and rewards with other participants. That way, it is much more efficient. Plus, your energy bills will not be as high when compared to the situation when you are doing it on your own.
Why Should You Use Android?
As you can presume, choosing the right hardware is something that will determine how successful you will be with mobile crypto mining. If you take a look at some opinions of people who have tried this out already, you will see that most of them have settled for android. The reason is that this system is much more mining-friendly than iOS for example. Apple doesn’t permit these apps on their store.
Potential Hardware Problems
Now that you have chosen an android mobile phone, you should take a look at the potential issues that can arise from time to time. Battery damage and overheating are surely the commonest ones. Both of these lead to much lower device performance. That’s why you will need to be careful when using these. Sadly, a lot of these problems cannot be prevented. So, you should use devices you don’t need.
Since the interest in mobile crypto mining, we can see that there are countless apps whose creators claim that they can provide you with the best possible service. Sadly, we can see that a vast majority of these will not turn out to be true. That’s why you will need to start researching about these until you find the one that will serve your needs and preferences.
The easiest way you can do that is to take a look at some specialized forums and online reviews. These will provide you with enough knowledge about it. According to some statistics, almost 100,000 miners have reported at least one piece of hardware to be a fraud. From these claims, we can see that roughly $300,000 was stolen with this scam so far. That’s why you need to be extra careful when choosing these.
The Bottom Line
Here, you can find all there is to know about Bitcoin mining with an android mobile device. As you can see this is a complex procedure and there are a lot of factors you need to take into consideration. We are sure you will find this article educational.