Bit mining?

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

[mocacinno]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

Wait now Im confused,
I think this app is more of a faucet type?
Cause I am earning 1 satoshi/min and If I pay 400 satoshis its boosted to 20 satoshis/min in an hour.
So is it a faucet or mining? Kinda confusing to me, sorry.

[mocacinno]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

Wait now Im confused,
I think this app is more of a faucet type?
Cause I am earning 1 satoshi/min and If I pay 400 satoshis its boosted to 20 satoshis/min in an hour.
So is it a faucet or mining? Kinda confusing to me, sorry.

If it's paying 1 sat/min, it's defenatly a faucet or maybe even a ponzi disguised as a mining app... OR it might be mining something other than bitcoin and converting whatever they're mining to bitcoin.
To be honest, i try to keep such apps off off my phone, so i can't verify it myself. But the facts are pretty clear, a cellphone CPU (or GPU) can never deliver the hashrate needed to make some real profit, and since it's a CPU/GPU and not an ASIC, the energy consumption will never be on par with the power consumption of an ASIC.

[novhitadaloma]

Bitcoin mining is a peer-to-peer computer process used to secure and verify bitcoin transactions-payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to the global public ledger of Bitcoin's past transactions. Each group of transactions is called a block. Blocks are guaranteed by miners Bitcoin and build each other form a chain. This past transaction ledger is called blockchain. Blockchain serves to confirm transactions to other networks as they have occurred. Bitcoin nodes use blockchain to differentiate valid Bitcoin transactions from attempts to refinance coins that have been issued elsewhere.

[VeeraS]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

I don't really know about mining. according to the results of research I have done, what you say is true. and what you say new knowledge for me, yes I think the OP should be diligent again looking for knowledge about mining if really interested.

[Mei1418]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

just try to collect its bitcoin. if already qualify withdraw then try withdraw. if it works in your wallet then it is certainly legit  

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

Wait now Im confused,
I think this app is more of a faucet type?
Cause I am earning 1 satoshi/min and If I pay 400 satoshis its boosted to 20 satoshis/min in an hour.
So is it a faucet or mining? Kinda confusing to me, sorry.

If it's paying 1 sat/min, it's defenatly a faucet or maybe even a ponzi disguised as a mining app... OR it might be mining something other than bitcoin and converting whatever they're mining to bitcoin.
To be honest, i try to keep such apps off off my phone, so i can't verify it myself. But the facts are pretty clear, a cellphone CPU (or GPU) can never deliver the hashrate needed to make some real profit, and since it's a CPU/GPU and not an ASIC, the energy consumption will never be on par with the power consumption of an ASIC.

What is a Ponzi?
From what you're saying, I should not rely on this kind of apps? Am I reading it right?

[mocacinno]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

Wait now Im confused,
I think this app is more of a faucet type?
Cause I am earning 1 satoshi/min and If I pay 400 satoshis its boosted to 20 satoshis/min in an hour.
So is it a faucet or mining? Kinda confusing to me, sorry.

If it's paying 1 sat/min, it's defenatly a faucet or maybe even a ponzi disguised as a mining app... OR it might be mining something other than bitcoin and converting whatever they're mining to bitcoin.
To be honest, i try to keep such apps off off my phone, so i can't verify it myself. But the facts are pretty clear, a cellphone CPU (or GPU) can never deliver the hashrate needed to make some real profit, and since it's a CPU/GPU and not an ASIC, the energy consumption will never be on par with the power consumption of an ASIC.

What is a Ponzi?
From what you're saying, I should not rely on this kind of apps? Am I reading it right?

A ponzi is a sort of scam, it's when somebody is paying early investors with the money they get from late investors, then run away when their "hot wallet" is containing a lot of money from late investors they haven't yet payed out to new investors.
I have no idear what this app you have there is, a ponzi is probably a bad theory, it's probably some kind of faucet.

That being said: i personally think there are better things you can do with your time than claiming from faucets.
Your app pays 1 sat/minute, that's 1440 sat/day. At current preev rate, that's only 16,5 cents/day to keep your cellphone running 24/7... Doesn't sound like a good deal to me

Even worse, if you want to withdraw your "earnings": https://bitcoinfees.earn.com/ teaches us that at this moment, the ideal fee for a "standard" withdrawing transaction is ~52k satosi's... You'll have to "mine" for a month to "earn" sufficient satoshi's to even pay for the mining fee for withdrawing your "earnings"

[ljudotina]

There is no Bitcoin mining on a mobile phone in any way possible. It's eather ponzi, or faucet. Whatever it is, its waste of your resources (time, energy, disk space on mobile phone etc.)

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

This topic has been discussed numerous times... No, you cannot mine BTC using a cellphone.

Just in case you don't believe me, i've created an auto-updated script that basically proofs how much you'd lose in power bills if you even attempted mining using your cellphone's CPU:
https://www.mocacinno.com/nonspecialisedmininghardware.php
On this page, look at the line calculating the "profits" for mining with a cortex A9 (a cellphone CPU), if you pay 0 cents/Kwu for your power, you'll make a whopping 2 satoshi's per year (mining 24/7). I'm firmly against using faucets, but compared to cellphone mining, faucets are great, they give you a revenue of 50-100 satoshi's for 3 minutes of work, you'd have to mine many years to mine an equal amount with your cellphone.

This script does not take into account you'll probably overheat your cellphone, breaking it, or damaging your battery.

Wait now Im confused,
I think this app is more of a faucet type?
Cause I am earning 1 satoshi/min and If I pay 400 satoshis its boosted to 20 satoshis/min in an hour.
So is it a faucet or mining? Kinda confusing to me, sorry.

If it's paying 1 sat/min, it's defenatly a faucet or maybe even a ponzi disguised as a mining app... OR it might be mining something other than bitcoin and converting whatever they're mining to bitcoin.
To be honest, i try to keep such apps off off my phone, so i can't verify it myself. But the facts are pretty clear, a cellphone CPU (or GPU) can never deliver the hashrate needed to make some real profit, and since it's a CPU/GPU and not an ASIC, the energy consumption will never be on par with the power consumption of an ASIC.

What is a Ponzi?
From what you're saying, I should not rely on this kind of apps? Am I reading it right?

A ponzi is a sort of scam, it's when somebody is paying early investors with the money they get from late investors, then run away when their "hot wallet" is containing a lot of money from late investors they haven't yet payed out to new investors.
I have no idear what this app you have there is, a ponzi is probably a bad theory, it's probably some kind of faucet.

That being said: i personally think there are better things you can do with your time than claiming from faucets.
Your app pays 1 sat/minute, that's 1440 sat/day. At current preev rate, that's only 16,5 cents/day to keep your cellphone running 24/7... Doesn't sound like a good deal to me

Wow, that is an eye opener sir, thank you. Ill consider your advice.
Anyways, can you suggest other means of earning btc other than using faucets and campaigns?
Since I cant join any campaigns at the moment.

[mocacinno]

Wow, that is an eye opener sir, thank you. Ill consider your advice.
Anyways, can you suggest other means of earning btc other than using faucets and campaigns?
Since I cant join any campaigns at the moment.

Well, there are lots of things you can do, but rather than re-inventing the wheel, i'll point you towards a thread made by Lauda:
https://bitcointalk.org/index.php?topic=1629118.0

Personally, i think the best way of earning bitcoins is to offer an online service and get payed in BTC. If you don't have any online skills, you can always take an IRL job and convert part of your income to BTC (sounds stupid, but without online skills, you're usually better off with a minimum wage IRL job, you'll probably make more per hour than doing something like claiming from faucets)

[BrianBrianBrian]

Wow, that is an eye opener sir, thank you. Ill consider your advice.
Anyways, can you suggest other means of earning btc other than using faucets and campaigns?
Since I cant join any campaigns at the moment.

Well, there are lots of things you can do, but rather than re-inventing the wheel, i'll point you towards a thread made by Lauda:
https://bitcointalk.org/index.php?topic=1629118.0

Personally, i think the best way of earning bitcoins is to offer an online service and get payed in BTC. If you don't have any online skills, you can always take an IRL job and convert part of your income to BTC (sounds stupid, but without online skills, you're usually better off with a minimum wage IRL job, you'll probably make more per hour than doing something like claiming from faucets)

I got some online skills, I guess.? Hahaha
Anyways thanks for the help sir.
You're the man!! 

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

just try to collect its bitcoin. if already qualify withdraw then try withdraw. if it works in your wallet then it is certainly legit  

Hahaha dude youre right, though Im having doubts now. since reading other comments.
I might stop this, since I need to earn 500,000 satoshis before I can pay out.

[maxj57634]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?

There are no legit bitcoin mining application. All those applications that you see are pure scam and only contain ads for you to view which will earn the developers of the application.

the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

I suggest that you stop wasting your time towards those application, you wont get any return from that. Only the developers will benefit from those so called mining application.

[BrianBrianBrian]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?

There are no legit bitcoin mining application. All those applications that you see are pure scam and only contain ads for you to view which will earn the developers of the application.

the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

I suggest that you stop wasting your time towards those application, you wont get any return from that. Only the developers will benefit from those so called mining application.

Got it kind sir, I will definitely stop using those apps and focus more here on bitcointalk.

[Perseusallen]

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system. Miners are paid transaction fees as well as a subsidy of newly created coins, called block rewards. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system through mining.

[BrianBrianBrian]

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system. Miners are paid transaction fees as well as a subsidy of newly created coins, called block rewards. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system through mining.

Thanks for the info sir.

[VitKoyn]

Hey guys, I just encounter a bit mining app in playstore and tried using it.
Seems legit, what are your thoughts?
the app's name is BTC Mining and Bitcoin Farm.
Is it reliable to use bit mining apps, specially this two above?

It doesn't matter if the mining application is legit or not, because it is not worth to do Bitcoin mining in your smart phones even you use the latest or expensive one. Moblie devices have weak CPU and GPU to be able to efficiently mine Bitcoin (even computers GPU and CPU will not be able to mine it effectively anymore) and lastly it cannot compete with those mining farms that have multiple mining hardwares running at the same time which have the higher chance to mine the next block, so I doubt that you will get anything from mining Bitcoin using your phone. You will just end up crashing your phone and waste elecetricity.