The world of cryptocurrencies is developing as we speak. This type of market is constantly changing and adapting to new circumstances. People that are in the game are also learning to adapt to new things in the game.
One of the biggest parts of the crypto game is most certainly something called mining. To put it in simple words, the process of mining is like digging for gold. The differences you’re digging for cryptocurrencies, and you’re not physically digging for real, but your computers are doing something similar.
The process of mining requires a lot of energy. There are a lot of questions on how it impacts the environment. At some point, things became so serious that people started to look at mining and the crypto world as potential environmental hazards.
Anyway, mining is still going on all across the world. Developers and other people who are working with cryptos are trying to find the best way to lower the energy consumption of mining. In the end, mining is the only way to gather new coins.
So, in this article, we will talk more about mining for a certain currency. The currency in question is called Cardano. So, if you want to learn about Cardano mining on Android, keep reading.
What is Cardano?
Let us start by telling you more about this currency. Cardano blockchain was built by Ethereum co-creators with the hope it will offer a better experience than Bitcoin and Ethereum.
It is said that this crypto uses less power and energy for mining which makes it a more eco-friendly option. This is possible because of the characteristics of the chain itself.
The blockchain’s main token is called ADA, and it is currently one of the most popular cryptos of 2023. What is different about this blockchain is that it uses a different type of consensus. instead of using the proof of work consensus like Bitcoin does, it uses the proof of stake.
The proof of stake works a bit differently when it comes to mining. There are no miners actually in that type of sense. The stakeholders are basically the ones that are now in charge of adding to the chain. The competition is not like with miners and it is not that cruel. The more stakes you’re holding, the chances are bigger that you will be the one to continue the chain.
This sort of lower competition impacts the overall use of energy for mining. So technically, if you mine Cardano, you will use less energy. Besides, it is said to be simple and easy.
How to mine Cardano
In order to mine ADA coins, you should learn a few things. it is said that mining this crypto is as simple as It Gets. So, in this case, there is no mining in the classic sense. Because ADA has the proof-of-stake consensus, technically miners do not exist here, but the stakeholders do.
In other words, if you want to mine ADA you need to be a stakeholder. The first step is to get a wallet that supports ADA coins. When you finish setting up your account, the only thing you should do next is to simply apply as a validator. And that is it.
How to mine Cardano on Android or iOS
If you want Cardano mining on Android, we have a few pieces of advice for you.
It is not impossible to mine via an Android or iOS phone. Although, there are certain things you should know about ADA mining on Android. One of the positive sides of mining via your phone is that it can be a good way to save some money. Technically, you are not investing in mining gear that is most likely more expensive than buying a powerful mobile phone.
Unfortunately, there are also a couple of risks. There is a possibility that your earnings will probably be low at first. Also, your phone battery can literally die from overheating, and that is not just a phone hazard, it can also be dangerous for you.
Of course, we also have to mention potential malicious software and viruses that you can pick up on the go.
If you are willing to give it a go nonetheless, you have to have a very strong phone. On the other hand, coins like Ada do not require classic mining. They can be a good choice for a test drive. Wallets that store coins are not that demandable when it comes to CPU and other phone specifications in comparison to the actual mining process.
In other words, you will use your phone to stake coins, not “mine” them.
If you are setting up ADA mining on Android you can use the Cardano mining app for Android that is made specifically for this. There are multiple apps on Google Play so we encourage you to do research on those and find the one that is suitable for your preferences.
As your might know already, things going on in the crypto world. Lots and lots of people in this world have their own scamming games. Unfortunately, software and applications are a huge part of these games. There are multiple websites online that are talking about scams, so you might find them useful.
Another simple way to get your hands on some ADA tokens is to buy them directly from a crypto exchange of your choice. This is as simple as it gets. So, you choose a wallet and an exchange, and you simply buy some coins and put them into your wallet.
After that apply as a validator and you are good to stake your new ADA tokens and start your passive income journey.
The steps are usually the same as making an account for any of these types of wallets. Some sort of validation process always exists there. You should just follow the directions on the screen and it would easily take you to set up and successfully validate your account. It is possible to buy your ADA coins by swapping fiat currency for crypto.
In order to feel safe on your crypto journey, you should read and learn as much about applications and websites as you can. There are tons of sites online that can help you learn about cryptos. We’d recommend Tradecrypto. This way you get to have a piece of mind and not be worried about losing your money. Happy mining!