Bitcoin Forum

Other => Beginners & Help => Topic started by: normanhot on July 22, 2024, 09:26:33 AM



Title: BTC Mining Apps
Post by: normanhot on July 22, 2024, 09:26:33 AM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

Thanks experts


Title: Re: BTC Mining Apps
Post by: paid2 on July 22, 2024, 09:51:04 AM
What apps?
We don't mine with apps, but with ASICs, which we point to pools.

For the rest, I recommend reading Mastering Bitcoin, which is free on Github: https://github.com/bitcoinbook/bitcoinbook/blob/develop/BOOK.md


Title: Re: BTC Mining Apps
Post by: HeRetiK on July 22, 2024, 10:11:07 AM
is it legit at all ?"

Without fully knowing what App you are referring to... probably not.

Bitcoin mining requires specialized hardware, there would be no point in mining on your mobile device, not even as a gamble. So in all likelyhood any "mining app" you come across is malware.

Unless the App you are referring to is offering access to cloud mining (i.e. renting a miner from someone else for part of the proceeds), in which case it could be legit, but even if it's not malware it's still very unlikely to be profitable (i.e. whoever is renting the mining hardware out, does so because renting them out makes more money than mining for themselves).



Title: Re: BTC Mining Apps
Post by: ABCbits on July 22, 2024, 10:45:53 AM
What factors influence the profitability of Bitcoin mining through an app?

ASIC and electricity price. Some mining application impose some fee which lower overall potential income.

How does a mining pool differ from solo mining, and how does an app facilitate both methods?

Using mining pool ensure more stable income. On solo mining, you only get income when you successful mined a block. Average mining application doesn't have specific feature to facilitate solo mining.

is it legit at all ?"

Without knowing additional detail, it's probably not legit.


Title: Re: BTC Mining Apps
Post by: Ambatman on July 22, 2024, 01:07:55 PM
What factors influence the profitability of Bitcoin mining through an app?
Note before I go further
You can not mine any meaningful Bitcoin via an app except through mainly an ASIC miner
Cause the hash needed to mine a Bitcoin can't be produced by any phone
Laptop, computer or tablet.
Now to your question
Most that make use of apps are cloud mining and the probability of seeing a legit cloud mining app is very low
And gaining a meaningful Bitcoin is almost impossible
Now the factor that might affect profitability of Bitcoin mining via app is the amount invested
The difficulty of Bitcoin at the moment
And the main mentioned by ABCbits that affects ASIC miners.
But I would advice learning about Bitcoin itself to gain a skill or sell your Service to receive BTC
Cloud mining app at there are mostly scams.

Quote
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
like the name implies Mining pool simply means pooling resources together or a group adding resources together to mine Bitcoin.
Cost and returns are shared usually based on hash power generated
While solo mining means alone. Cost and returns are borne by you and you alone.
App or cloud mining has no association with solo mining in regards to Bitcoin
But mining pool do.

If it's legit?  That depends
But there are more scams than good ones and even if you do find a Good one the Bitcoin mined would be negligible or the capital needed might be higher than returns.


Title: Re: BTC Mining Apps
Post by: Obari on July 22, 2024, 01:17:12 PM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

Thanks experts
To the best of my knowledge, whatever that has to do with bitcoin mining on cloud is a scam as those where ended long ago as currently the cost of mining is actually very expensive from cost of owning a miner machine to cost of electricity which makes bitcoin mining a selective investment.

Just with the responses you’ve already gotten, I think you should be aware that, mining bitvoin requires a lot of others things aside just a phone or a computer and if you ever hear anything about bitcoin cloud mining, you should without time wastage, you should fly away from that talk except you’re willing to be scammed.


Title: Re: BTC Mining Apps
Post by: tabas on July 22, 2024, 02:05:57 PM
What factors influence the profitability of Bitcoin mining through an app?
There's already a taboo when someone says "mining through an app". On the technical side of it, mining through an app or software with the use of an ASIC miner(hardware) is really what it should be meant. But with that term, I assume that you have probably seen in some videos or articles that they're mining through some apps on their phones or even with their desktop computers generating some money through renting their computing power to an app that they have made or cloud mining for which is very misleading. I hope was wrong and there you go the simple yet informative explanations already about mining and just so you know, we've got a section for that: Mining. (https://bitcointalk.org/index.php?board=14.0)


Title: Re: BTC Mining Apps
Post by: Dzwaafu11 on July 22, 2024, 05:00:34 PM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

There is not a mining app for bitcoin. Bitcoin has not been mined by any app; what we use to mine bitcoin is called ASICs. I think it’s the tool to mine bitcoin, so if anybody comes and tells you that there is an app for mining bitcoin, then it’s a lie and probably they want to scam you, so you should avoid that. It is good that you brought it up here. I can see many people have replied to you and have told you that there is not any mining app as long as bitcoin is concerned, so it is better you should go and learn about it and know what we used to think about bitcoin. 


Title: Re: BTC Mining Apps
Post by: nc50lc on July 23, 2024, 07:27:21 AM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"
For someone who is already 8years in crypto space (https://bitcointalk.org/index.php?topic=5503192.msg64331972#msg64331972), your questions appear to be fabricated from data collected from Google-searching "Bitcoin" - wallet/mining padded with confusing scenarios.
Understandable if you're just using custodial wallets and Exchange but not doing research of the assets that you've been trading is still reckless.

Anyways, if those are honest naive questions, at least make an effort to reply to the follow-up questions asked by established users for clarifications.


For the app: if it's the top result in 'Google Search' under 'Google Play', then it's not Bitcoin Mining.
That particular app is like a "cloud mining" service that offers free contracts in exchange for viewing Ads, or paid contracts that will gain less that what you've paid.

Allegedly, they have contractors that have ASIC hardware to mine Bitcoin and they share the hash rates to their users via contracts,
but it's closed source and you'll never know if the Gh/s that you're seeing is actually from a miner or just a number shown by the app.
Having "multipliers" from daily logins and other gimmicks even make the service suspicious.
Sure, some people can get to a point when they can withdraw, but that's after the author gained 10x the profit from the ads they they've viewed; more than enough to cover that withdrawal's amount.


Title: Re: BTC Mining Apps
Post by: pakhitheboss on July 23, 2024, 10:36:13 AM
What factors influence the profitability of Bitcoin mining through an app?
Please clarify what apps you are considering as I am only aware of softwares that a miner need to use when using a hardware exclusive for Bitcoin mining.

How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

Solo mining pool are from the past as with the current mining system and the constraints it is impossible to mine Bitcoin in a solo pool. You would need to join a mining pool but you will need hardwares which are costly to engage and be part of mining pools.


Title: Re: BTC Mining Apps
Post by: avp2306 on July 23, 2024, 11:06:11 AM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

Thanks experts

Its good that you  brought up this question here since you will be saved for obvious scams created by those scammers. They usually promise heaven and earth to their victims and then end up scam them.

You can also notice that they offer huge profit which is common on those scams. Think about that is already a red flag so you better avoid dealing with app mining since there's nothing like that will give you a realistic profit. More on scamming you can get for that option so again kindly avoid and find more better opportunity to earn money.

Also you should dig more research about mining as you will find out more valid information about what hardware you need to use before you can operate such thing and don't believe on mobile mining since its a pure scam.


Title: Re: BTC Mining Apps
Post by: Zigabel on July 25, 2024, 02:12:52 PM
What factors influence the profitability of Bitcoin mining through an app?
How does a mining pool differ from solo mining, and how does an app facilitate both methods?
is it legit at all ?"

Thanks experts
Please can you share the app, probably the link or something to identify it.

I just hope you are careful enough to stay from fraudulent and mischievous apps because I doubt the authenticity of such, Bitcoin mining is much more beyond something that can be done on a phone over an app, if you have a good and proper knowledge of what Bitcoin mining is like, I believe you will understand much better and know how well to agreeing with the activities that is been carried out on that app as to ascertain the legitimacy of the app.