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Author Topic: When will smartphones used for bitcoin mining?  (Read 4835 times)
LewisSabol
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August 02, 2018, 12:19:20 PM
 #201

I think in 2022 some smartphone is used for mining but at this time in the world there are so many mining websites are available for mining Bitcoin, Litecoin, and Ethereum. So, we can use them but some companies are using the Virtual address for their website so be aware of that type of companies.
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August 03, 2018, 06:39:02 AM
 #202

With mobiles in market currently, it is not possible. But some company may come up with such a solution.
There is no such technology or methodology available which can help you in mining of any of the crypto coin with the help of your smart phones so far. However, there are companies who are working on this issue and that we can hope for the betterment in near future. If this thing happens, then this will surely result in more number of investors who will go for mining of the crypto coins.

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August 04, 2018, 09:40:28 AM
 #203

That's impossible. Although smartphones are becoming more modern and highly configurable, they are not powerful enough and powerful enough to do this. Before you can exploit anything, I think your phone is broken. You have to spend a considerable amount of money to buy a phone rather than selling the quantity you have exploited
We are in a point in time where the concept of impossibility is fading slowly and nothing is impossible to a willing mind and with the advancement in technology, so it will be possible to mine Bitcoin using your smart phone but there will be security risks as well. Your smart phone can be lost easily or it might get stolen or fail to operate due to some technical flaws as well. So better to use and electronic gadget that do not stop functioning easily.
Kira_lapa
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August 04, 2018, 09:53:47 AM
 #204

That's impossible. Although smartphones are becoming more modern and highly configurable, they are not powerful enough and powerful enough to do this. Before you can exploit anything, I think your phone is broken. You have to spend a considerable amount of money to buy a phone rather than selling the quantity you have exploited
We are in a point in time where the concept of impossibility is fading slowly and nothing is impossible to a willing mind and with the advancement in technology, so it will be possible to mine Bitcoin using your smart phone but there will be security risks as well. Your smart phone can be lost easily or it might get stolen or fail to operate due to some technical flaws as well. So better to use and electronic gadget that do not stop functioning easily.
I understand that now there is ongoing progress in the electronics field, but the question arises: Where will the smartphone take the power that is needed to calculate the algorithms? One ASIC on average has a capacity of 600,000 Mh / s, and the most powerful video card is ~ 850 Mh / s.
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August 04, 2018, 10:48:39 AM
 #205

Never say never but today the performance of a phone is just not enough. I even had my computer melt down in this hot weather so I do not think a phone could carry on with such load
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August 04, 2018, 11:08:45 AM
 #206

Are you thinking of Bitcoin Mining with a smartphone? It is incredible and it is also to say that it is impossible. Because a phone with a strong computer can not be compared. But it is hoped that the technology will be moving as soon as possible with small and powerful parts of the phone, Bitcoin mining will be possible one day.
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August 05, 2018, 05:00:44 PM
 #207

I don't think it's possible to use your smartphone to mine bitcoin, you just destroy your smartphone, because smartphones aren't designed to do bitcoin mining.
mining must use its own tools and as we know, mining bitcoin is not easy to need special skills.
BartS
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August 05, 2018, 05:14:27 PM
 #208

It doesn't make any sense to mine on the hardware which is far less capable than the computer hardware. We must understand that Bitcoin mining is a serious business now and hence we should leave it for the people who treat it in that way. Bitcoin mining on a smartphone is not an impossible task but you have to wait probably even more than a decade to earn some serious amount from it. There are some applications in the app stores that allows us to mine using a smartphone but I don't see any value in it considering the return on investment.
It seems that some people still think that we are in the early stages of bitcoin where you could mine with your personal computer and get bitcoin that way, those days are clearly behind us and anyone not willing to invest the money and the time to figure out how to become a profitable in the market is not going to make any money in that industry, bitcoin mining is not a game, there are some big companies that were created around it and now other companies want to get a part of that market share.
Gila uang
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August 05, 2018, 07:22:44 PM
 #209

With mobiles in market currently, it is not possible. But some company may come up with such a solution.


I don't think you will benefit from what causes a lot of energy needed and your phone does require great ability to solve algorithms and I believe mining with cellphones is useless and you don't have to do it, it might damage your cellphone.
But you have to read about electroneum, I believe this is a project that allows for mining using cellphones
IanKaramazov
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August 05, 2018, 08:23:30 PM
 #210

I dont think that is going to be possible at all.
The hardware that needed to run mining cannot fit into a mobile device.
Even if they do, they wouldn't be at a high power which would not mine you a lot of coins so it will not be worth it.
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August 05, 2018, 08:49:14 PM
 #211

BiblePay (BBP) coin you can use Android smartphone to mine and get BBP coins
https://www.biblepay.org/unbanked/

Your phone uses BOINC to contribute CPU cycles to Cancer Research project Rosetta@home, which has a CPU Only protien folding algorithm
and BiblePay rewards you in coins from the blockchain every day for your contributions to their project

Dread Pirate Roberts
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August 05, 2018, 08:59:27 PM
 #212

As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?

There have been several other crypto can be mined via mobile phones. depending on the type of coin and algorithm. and of course mining with mobile phones will definitely be less efficient than directly with gpu / miner. for mining bitcoin with mobile phone, more likely impossible.
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August 05, 2018, 09:29:32 PM
 #213

I think there's already some coin that can be mined using smartphone but i don't think that's a good thing to do as smartphone isn't built for mining. Smartphone isn't powerful enough so you will only get a small amount of hash and the chance of your phone breaking is definitely bigger than the earning that you can get.
Bitcoins and dollars are two that the community loves to use. Especially in this market bitcoin takes the lead and everyone wants to have more. To change to usd to spend on life expenses. At the heart of the general user is the desire to bitcoin high prices to benefit. What is the process and go nature so investors do not rush. Calm before any decision.
spongegar
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August 06, 2018, 02:33:48 AM
 #214

I know of phones that are as powerful as desktops these days and small devices are easily cooled down than rigs. I guess it's nit far off, maybe we'll see phone like that in 5 years max. But i think by then, Bitcoin mining will not bebas profitable as people would say it to be. I mean i know of people who actually quit mining because the profit they gained didn't cover the cost of operation.

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August 06, 2018, 02:54:19 AM
 #215

It possible but it is also dangerous because its susceptible to virus and can be stolen easily as for the thieves and robbers unlike desktop or computer use in the house but the advantage is you can use it anywhere and you can work anytime you like. Bitcoin mining consume a lot of your time and you've got to have bigger space and software to use such kind as this as form of security.

alentmay
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August 06, 2018, 11:27:28 AM
 #216

With mobiles in market currently, it is not possible. But some company may come up with such a solution.
There is no such technology or methodology available which can help you in mining of any of the crypto coin with the help of your smart phones so far. However, there are companies who are working on this issue and that we can hope for the betterment in near future. If this thing happens, then this will surely result in more number of investors who will go for mining of the crypto coins.
Yes currently its look like difficult but I am sure that very soon it will even become possible, I think that technology is working on crypto too fast and we are too much far away from that stage when people will even start using their smartphone for mining.
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August 06, 2018, 01:46:58 PM
 #217

Can not do this with a smartphone. It is not easy to exploit bitcoin that any device can do. If the smartphone can exploit bitcoin then I think the bitcoin will cost several hundred dollars.
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August 06, 2018, 01:51:07 PM
 #218

There are so many APP in google play store that enable mining but the fraction of satoshi that is always mined through android phone is very small. It drain the battery of the phone and it will take decades to get reasonable amount of bitcoin.
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August 06, 2018, 01:58:29 PM
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 #219

It is very possible that this will happen very soon, maybe even in the next year or two!
I think the long wait is over dude, it actually happened already. Electroneum (ETN) launched their own digital wallet and mobile miner in one app. It lets you to mine ETN with the appropriate hashrate for your phone so that it will not be damaged. It generates slower (very obvious) compare to a mining rig but at least we now created a stepping stone towards more efficient mobile mining, this will surely become an inspiration for future developers Smiley.
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August 06, 2018, 02:04:11 PM
 #220

As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
If a smartphone can do mining, I think it just makes you disappointed. Because your cellphone will be damaged. And you need a big fee to repair your cellphone. It is impossible. Everyone will feel sorry if the cell phone is damaged due to excessive heat.
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