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Author Topic: When will smartphones used for bitcoin mining?  (Read 4835 times)
Harry1v
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August 14, 2018, 04:11:14 AM
 #321

The computing power of smart phones is definitely not as good as that of BTC, which is definitely impossible in the long run, unless the algorithm of BTC is changed.


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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Hiltohen
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August 14, 2018, 09:47:47 AM
 #322

I think it will take time for smartphones to be used in order to mine bitcoin. Yes, smartphones can work almost the same as laptops and computers, however, the energy used by computers are way too different from smartphones. Smartphones need to have powerful processor and longer battery life in order to mine bitcoin which I think is not that easy to achieve. But maybe someday it can,  there is nothing impossible with the help of technologies nowadays.
Basically for mining, the devices must be strong enough to hold good power and resistance. Even in computers, not every computer is suitable for mining. There were some cyber-attacks through coin hive and some other extensions in browsers, but they have failed so stoutly. The reason was, normal use computer couldn’t resist such high burden and processing speed. So they collapse.
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August 14, 2018, 10:41:30 AM
 #323

You never know! With the help of nano technology we may be able to achieve smaller chips that produces as much power as a full sized mining rigs in future. I mean that is not the reality now but it may become in future. If you were 80's kid, did you ever think that you can carry a computer in your pocket? Because what computer we have seen that time was Pentium one and it required an air conditioned room to run that. Nano technology achieved that impossible and now we carry a smart phone inside our pocket.

So keep your hope high as we don't know where the technological achievements can take us!
Yes, theoretically, in the future a smartphone may have the same amount of processing power that a mining rig has now. We can see that smartphones now have much more processing power than they first computers from the 1980s that took up a whole room. You have to realize though that mining rigs typically use the best processors and video cards. This means that they are very powerful and it'll take much longer for phones to get to that level of processing power. Now it is far from practical to use a smartphone to do mining. Smartphones cost a lot of money, but a lot of that cost is due to the fact that they have to fit so much into such a small device. It's all much cheaper if you buy bigger versions. Usually you don't need your mining farm to be portable. Just get stationary hardware. It's by far the most economically viable option.
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August 14, 2018, 12:49:33 PM
 #324

There are two problems in smartphones that is why it cannot be used for crypto mining. First is processing power as we know it the Central Processing Unit(CPU) of a smartphone has only limited processing power because if it does have a higher processing power it would generate more heat which means more energy to sustain the CPU, which is the second problem the power of the smartphone or the battery. It has limited battery life and would need to be in a constant charge state to be used as a mining device also one should consider the difficulty of the algorithms that are used in mining. 

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August 14, 2018, 02:45:15 PM
 #325

I really did not want to believe that you were so ignorant to ask this question, but when I saw your rank, I realized that you were new, you were not good enough to do much research. We know that our smartphone devices have processors or power in high capacities, but this processor or other hardware is not designed the same way as computers and does not work under the same harsh conditions. For that reason, I can say to you comfortably that the event you are talking about is not possible today. Besides, friends who are engaged in mining are buying rigs and installing rigs. If so, why do not you do all of this with smartphones? Finally, there is one more point I would like to point out, I would like you to give an example of ETN. Quality projects or high-quality cryptocurrenies are already being dug up with high-end equipment. So projects that can be excavated via smartphone will not be very robust. However, the demand reaches a certain price level with the reason and remains there. It goes further than that.
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August 14, 2018, 04:33:18 PM
 #326

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.
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August 14, 2018, 05:04:25 PM
 #327

I'm sure many large smartphone companies like Samsung, iPhone and so on are developing smartphones for mining, this is because the future of the transaction system is crypto.
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August 14, 2018, 05:15:19 PM
 #328

I do not see it happening. Profitable bitcoin mining needs a computer system and expensive special mining gadget
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August 14, 2018, 05:18:05 PM
 #329

Smartphone is comunication device and i think its not wise using smartphone for mining bitcoin. Its not good idea but maybe smartphone manufacture think otherwise and maybe in the future they will make it but i think it will not eficient because battery smartphone is limited in time

Yes i believe the same way, mining for smartphones will be depending on the manufacturer of the mobile if they will be allowing cryptocurrency to be mined on their mobile products.
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August 14, 2018, 05:24:53 PM
 #330

i think it has been happened, especially samsung that make bitcoin mining from 40 smartphones. look at this: https://motherboard.vice.com/en_us/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rig 
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August 14, 2018, 06:15:27 PM
 #331

It will be very difficult to use smart phones in mining bitcoin. Even the machines with higher specifications find it uneasy to mine bitcoin what more smartphones. I don't think we can min e bitcoin nowadays with these phones. I personally don't want any impending fault with my phone  Lips sealed.
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August 14, 2018, 06:15:40 PM
 #332

Exactly bitcoin mining on a smartphone will be impossible to realize, but some other coin - why not. I guess big smartphone producers are already thinking about their own coins, like Apple coin, which will be possible to mine on the smartphone of this firm.
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August 14, 2018, 07:40:17 PM
 #333

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?
I dont know if i will make sense. I don't believe that there will be a time for smartphone to mine cryptocurrency but it could be integrated in the blockchain as a block or something similar to confirm the information stored in the chain.

Even the most powerful smartphone is not good for mining - it will simply kill the gadget. Moreover, you will never earn a lot of money using the phone to mine the cryptocurrencies.
Well you are right but I have heard from some people who have bought some kind of phone and started a mining ring from their smart phone, I am not sure but I think it is for bitcoin because they were taking about bitcoin as well, I have notices recently garages which above 1000 phones to mine crypto currency, so I think it is new age where technologies are developing and we can do anything for sure.

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OrangeSeller
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August 15, 2018, 10:43:20 AM
 #334

I don't think that will happen because it will make your smartphone damaged, if you can produce it will be damaged someday and you will get a lot of losses and the results you get from mining on your smartphone will not be able to recover.

You are wrong, it was possible today, there are some applications that can mine cryptocurrency in your phone so all you need is a wallet address like ledger to keep your coins.

Well it can be possible to mine Bitcoin with your phone but it might not be very secure. You can forget your phone in a café or it could be lost easily. Besides, phone can be hacked very easily as compared to your PC you use for mining your coins. As the technology advances, there would be a much safer way to mine Bitcoin using your phone. Besides, you do the cost benefit analysis before actually going to perform the mining activity.
Using smart phone for mining coins will become as a new technology in coming days which may be another revolution similar to how we have masternodes.
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August 15, 2018, 11:16:06 AM
 #335

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?
Well, it already does but i think it is not economical to mine using your smartphone. As they say that it could only mined pennies and may destroy your phone in the process.
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August 15, 2018, 12:10:17 PM
Last edit: August 15, 2018, 12:23:13 PM by basyang
 #336

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?

Well, I see things is that, I think there is a finite number of smart phones that you can use in mining bitcoin. But it depends on the capacity or if it processor can load this kind of system. I am not sure about it, but I know sooner or later some big technology company out there will produced this kind of innovation especially today that bitcoin is a big news in the technology in this mellenial days.

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barrett_fire
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August 15, 2018, 02:01:51 PM
 #337

i think it has been happened, especially samsung that make bitcoin mining from 40 smartphones. look at this: https://motherboard.vice.com/en_us/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rig 
This is actually quite an interesting article. I never thought that much about using old phones. For some reason I was thinking about people using their personal device or purchasing phones specifically for mining. It's quite interesting that it was actually Samsung itself that did it. I'm sure they have the most access to phones. Haha. They said that 8 Galaxy S5 phones could mine better than a standard desktop computer. It still seems like it would take a long time to get more value out of the phones than you could sell them on eBay. Using old phones for different projects is really cool though. I liked the fish tank bit at the end of the article.
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August 15, 2018, 02:17:45 PM
 #338

I think this is market dependent, if there is a high demand that people will buy a smartphone that can be used for mining cryptocurrencies, then this will be made immediately by the company, I believe that the most important factor of the market is necessity.
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August 15, 2018, 02:20:29 PM
 #339

the fact shows that mining has begun to be done on smartphones, but there are many disadvantages such as increasing electricity consumption because when mining the smartphone battery must always be charged. besides, the results obtained are also not worth the effort, you can only get a maximum of 1500 satoshi per day. I don't think it's optimal if mining is done from a smartphone.
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August 15, 2018, 02:21:26 PM
 #340

It will not happen. even if that happens, it will only force smartphone performance. the smartphone will become damaged if used for minning. we all know, to get bitcoin, it takes mining speed. and the higher the mining speed, the more bitcoin we get.
so, with the speed of mining on smartphones, we only get a little bitcoin. worse, make your smartphone damaged.

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