The dynamic surge in the popularity of digital currencies has contributed to an increase in the value of assets in this group. Therefore, users have a desire to mine coins and earn from it.
Basically, cryptocurrency is mined using powerful computers: video cards or central processors. Some use integrated circuits, which have maximum performance.
The developers of mobile applications did not pass by this direction, as a result, in 2021 everyone can mine cryptocurrency on the phone. Naturally, the possibility of earning without investing attracts users, at the same time promoting digital assets.
In the beginning, an ordinary computer with a basic CPU was enough for productive cryptocurrency mining. However, the algorithms governing mining provide for a constant increase in the complexity of cryptocurrency mining. Therefore, gradually more and more powerful equipment is required to work profitably. In the end, it was not enough to mine cryptocurrencies.
As a result, instead of processors, video cards with higher performance are now used for similar power consumption. Nowadays, advanced cryptocurrencies like Bitcoin are mined exclusively with ASIC devices. They are aimed only at mining, so they show better energy efficiency.
These are the only devices that can be used to mine cryptocurrencies.
You can make money with a cell phone, however. Mining on android has its strengths and weaknesses, which we will now consider.
How to mine on android.
How to mine on your phone
Before evaluating the prospects, you need to choose a digital currency. For many, bitcoin mining is a priority. However, the processor power of the smartphone is not enough, so it is unlikely to make money. Mining bitcoins on android the main reasons for the low efficiency :
- The greater popularity of the Bitcoin cryptocurrency is becoming a catalyst for a rapid increase in the difficulty of finding blocks.
- Many scammers spreading malicious apps for smartphones and tablets.
- Low performance of modern tablets and cell phones compared to the power of farms.
Can I mine Bitcoins on my phone? No one has a right to forbid you anything, but there is no sense in such work. It is more reasonable to mine altcoins from your phone. For example, a good source of profit will be mining Monero on android. The coin is based on the CryptoNight algorithm.
The digital asset Monero appeared in 2014. It remains the most adapted to android mining. The value of the coin is constantly growing, for example, in the last year the price has increased by 100%.
Benefits of mining cryptocurrency on your phone
- No need to buy expensive equipment.
- Minimal requirements for mobile miners.
- Easy application setup system.
- No special skills required to start the coin mining process.
There are also disadvantages. For example, the cell phone will be constantly overheating, quickly running down the battery. The amount of income will be significantly lower than that of GPU mining.
What software for mining on your phone should be installed
To mine cryptocurrency on your phone, you install a special application - a miner. The programs shown in the review are downloaded from Play Market.
Mobile app #1 - Miner Gate
- Number of downloads: 1,000,000 downloads
- Rating: 3.5 (8.652);
- Size: 54 mb.
Miner Gate is the flagship app for mining cryptocurrency from Android mobile devices. In addition to the app, Miner Gate is a popular pool for mining 14 cryptocurrencies.
MinerGate mining pool - full review
Installing the application is standard: go to Play Market, enter Miner Gate in the search bar and select «Install». Then you open the application and pass a simple registration, specifying the e-mail address and password. You will receive a message about your registration in MinerGate to your mailbox. Then you will be taken to the window «Profile».
This window will list the cryptocurrencies and how much you have been able to mine.
To start mining, go to «Miner» tab. Select the currency you are interested in from the drop-down list, then click on «Mobile Mining». Information about the mining speed and time will appear on the screen. The bottom of the screen adjusts the mining speed (LOW-MED-HIGH). The higher the speed, the greater the load on the phone. It is recommended not to set a high speed, so that the phone does not overheat.
In the app's tab «Chat» the latest insider information and analytics from global crypto investors. Chat is available in 12 languages.
The «Bring a friend «tab includes a referral link, if your friends use it, you will receive a portion of their profit.
The next tab is «Calculator». You enter a hashrate and determine how much cryptocurrency you will get after some time. For example, mined Dash with a hash rate of 12 H/s. Calculator calculated that we will get 0.002186782 dollars after 1 week of mining (pay attention, the figures are after zero with dot). Cryptocurrency rates are available here.
In the program you can buy «Cloud mining» (only for Monero and Bitcoin in the new version of the program). In «Support» you can ask a question. In the «Settings» tab adjust the mining, for example, to mine only during charging or for mobile internet.
Conclusion: MinerGate is a handy app for mining cryptocurrency on your phone. Intuitive and pleasant graphically. Working at low speed in the background, the cell phone did not hang. MinerGate is linked to the desktop version, so you can use the same login on both your phone and computer. Plus - miner calculator with 12 cryptocurrencies and the ability to calculate the expected amount of cryptocurrency in 1 hour, 24 hours, 1 week with accuracy to thousandths of a second. Translation into different currencies (BTC, USD, EUR), actual rates of cryptocurrencies.
Mobile App #2 - Coinhive Monero Miner
- Number of downloads: 10,000;
- Rating: 4.2 (177);
- Size: 8.7Mb.
Simple mobile app for mining Monero on android. Like Miner Gate, is a pool. The main tab displays the key (for Coinhive account), the number of threads, the percentage of CPU load, and the «Start» button. Open the application and you can mine right away. If you click on the icon with the speedometer in the upper left corner, the program will calculate the benchmark - the performance of your mobile device, depending on the CPU load. This is a useful mining program.
On the downside, there are many ads. The app crashed once. In my experience.
Mobile App #3 - NeoNeonMiner
- Number of downloads: 50,000 downloads
- Rating: 3.9 (1226);
- Size: 11.8.mb.
Unlike the previous two apps, NeoNeonMiner is not a pool app. NeoNeonMiner contains about 15 algorithms. You can select the service for mining yourself.
The app is simple and has only 3 tabs: information about the program, settings and mining status. The developer settings are enabled by default. The user sets up the mining.
Mining profitability mining on android phone
To be honest, mining on android smartphones is not a profitable business. When tested on an average MediaTek MT 6737 processor, for example when mining Bytecoin, the hash rate was at 9 H/s. That means that only 2 coins can be mined per day.
On Scrypt the same processor produces about 2.5 - 3.2 Kh/s, which is also not too much. In this case, the smartphone is working at maximum loads, which is bad for its performance. It starts to hang, and the program crashes.
Using a smartphone at such loads becomes simply unprofitable. Top cryptocurrencies like BTC, ETH and LTC will not be able to earn. Whereas the unpopular ones, like Bytecoin, earnings are minuscule.
Pros of mining cryptocurrencies on your phone:
- You can learn the process of mining, as it is not very different from mining cryptocurrency on GPU or CPU;
- Lots of choices about algorithms;
- No need to buy expensive equipment;
- Easy to use applications.
Minuses mining cryptocurrencies on your phone
- .
- Lack of profit;
- Killing the smartphone. Gadgets are not adapted to the load 24/7;
- If the device is used for mining, it can't do other things;
- High risk of catching a virus
Whether to try mining on your phone
Testing some of the mining apps on Android phones, we've compiled the results into a table:
|
Program |
Maximum hashrate |
Results |
|
MinerGate |
10 H/s |
Approximately 1 ruble per day |
|
ARM Miner |
1.742 Kh/s |
Approximately 1 cent in 3 hours |
|
Bitcoin Miner |
128 Mh/s |
Approximately 1 cent per hour |
That is, if the smartphone via Bitcoin Miner (which seemed to be the smartest) produces currency during the whole day, « it makes about 15-16 rubles. Popular MinerGate will allow the user to get only 1-2 rubles per day. Yes, the effectiveness of mining on android phone depends on the performance of the processor device (we used MediaTek MT6737), but it must be stated: even if you use a smartphone with the most advanced CPU for mining, it will not be possible to get rich.
Let's remember the negative aspects of mining on an android phone:
- The gadget gets noticeably hot during mining, which leads to rapid battery damage.
- Smartphone processors are not designed for long term continuous use - CPU wear and tear will be high.
- Mining causes the smartphone to freeze and is uncomfortable to use.
- Battery power goes "right before your eyes"- while receiving income from mining, miner incurs power costs as well.
Conclusion
Mining cryptocurrency on a smartphone is absolutely not an expedient thing. For the sake of «kopecks» mobile miner puts his gadget at risk of damaging its battery and processor and being forced to send the device for expensive repair. The income is very low: if the user tries to calculate how much money it costs to recharge his smartphone, he'll find that revenue is nonexistent.
Users who do decide to try turning their Android smartphone into a mini-mining farm should be very careful in choosing a mobile app. Many programs for mining on the phone are marked by anti-viruses as unreliable, and this is an alarming signal. If you run into scammers, you will lose even the minimum profit that can be made by mining cryptocurrency on the smartphone.
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