JTripathy (OP)
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December 12, 2020, 10:54:45 PM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
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miner29
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December 12, 2020, 11:38:19 PM |
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its not worth anything.
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Twinkledoe
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December 12, 2020, 11:41:56 PM |
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Yes, it is possible but don't think it is worth right now. Check the pi project. Their installs is more than 10M already, and the reviews are quite mix. And don't know if they are already listed in exchanges. https://minepi.com/
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adaseb
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December 13, 2020, 04:30:05 AM |
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No the mining isn’t real. There was some popular coin in the past, I think it was called like Einsteinium or something like that. Basically it was fake mining but you got paid rewards anyways. It was pretty popular actually. However in the real world, you just cannot make a coin that is purely based on proof of work using mobile devices.
Reason is security. A phone is very low power and doesn’t really have much computation compared to a high end intel or amd processor. Hence one high end processor can emulate maybe hundreds of phones. And someone can easily rent some AWS servers and do a 51% attack and the coin would be in trouble. Hence why it’s been over 10 years of Bitcoin and there hasn’t been a single POW algo based on mobile devices.
Another reason is safety. If you mined 100% on your phone, you would cause it to overheat and might damage something or heat up the battery and start a fire.
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Claudio99
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December 13, 2020, 06:38:03 AM |
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Mining on phones can never be real because phone components aren't built to withstand heavy heats which of cos will generate heats if you plan to mine with your phone, do not be deceived by those few projects showing mining through a app, it's not real mining, it's called cloud mining instead, you are mining through the project server but the team will want people to think it's real mining
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Bitbtc8
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December 13, 2020, 11:51:18 AM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
They are cloud base mining, the smartphone hardware won't be stressed out like when mining with a computer or graphic cards, the mobile miner will work like a mobile game or like every other apps, the logic looks like a real mining process but it's cloud mining
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miner29
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December 13, 2020, 02:29:16 PM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
They are cloud base mining, the smartphone hardware won't be stressed out like when mining with a computer or graphic cards, the mobile miner will work like a mobile game or like every other apps, the logic looks like a real mining process but it's cloud mining Cloud based mining is a scam and not real.
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Ryushin
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December 13, 2020, 06:43:00 PM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
They are cloud base mining, the smartphone hardware won't be stressed out like when mining with a computer or graphic cards, the mobile miner will work like a mobile game or like every other apps, the logic looks like a real mining process but it's cloud mining Even the so called cloud mining is fake, many cloud mining companies in 2017 exit scam on their investors, they lies to investors that they have real mining equipments but they don't have any, all they do is using others money or assets to pay others, it's Ponzi in disguise
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OasisDre
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December 13, 2020, 06:58:14 PM |
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Many altcoins used mobile mining in the past and it doesn't favour them, they end up removing the whole mobile idea and focus on normal proof of work algorithm with CPU and GPU, Electroneum is a good example of such project that quit on mobile mining, it's a waste of time I guess.
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UserU
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December 14, 2020, 04:16:18 AM |
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Actually phones can mine, just that the processing power is too weak for feasible returns. For those XYZ coins, possible but never for the established ones like ETH.
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coinriches
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December 14, 2020, 08:21:02 AM |
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In my opinion, it doesn't have to be Proof-Of-Work mining before its profitable. As all PoW mining require more than the basics accommodated by a phone's make up, your best bet to mining profitably on your precious mobile is Proo-Of-Stake mining.
Very simple too. Just download the requisite wallet app, procure some coins off exchanges and send to it and.... You're mining happily away.
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Whiskey Jar
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December 14, 2020, 10:05:13 AM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
I think people should be able to mine coins on their 1200$ iphones... The only problem is that smartphones are too busy spying on you so they have no cpu power left to actually mine coins ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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FP91G
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December 14, 2020, 04:18:36 PM |
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I saw so many Mobile applications, youtube videos where i saw that people are doing mining through the mobile phone! Is it real? What's the logic behind this? According to my thinking... How is it possible to do mining through mobile phones?? There are so any powerful hardware.. Then people do mining in mobile phone through apps.. 🤔🤔🤔🤔
I don’t know a single miner who does this. This is a POS mining or a new shitcoin scam. Beware of such projects, because you will definitely not earn profit there.
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Galley
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December 17, 2020, 04:59:59 PM |
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Mining on the phone is a kind of visual deception, some kind of fiction. Not every computer is designed for mining, much less a phone. It will simply melt from the load on the CPU. Cloud mining is just a scam.
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cyop
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December 18, 2020, 03:16:23 PM |
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xbtx, upx and vrsc are mineable PoW coins on ARM architecture right now!
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miner29
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December 18, 2020, 05:47:26 PM |
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xbtx, upx and vrsc are mineable PoW coins on ARM architecture right now!
So what mining on a phone is a terrible idea both from a hardware point of view and from an earnings point of view. Those that insist phone mining is real and profitable can never show either actually.
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cyop
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December 19, 2020, 01:53:24 AM |
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So what mining on a phone is a terrible idea both from a hardware point of view and from an earnings point of view.
Those that insist phone mining is real and profitable can never show either actually.
for reference: Samsung A50 - 3 Mh/s (same as GTX 1060) Ryzen 5 1600 - 12 Mh/s RTX 3090 - 23 Mh/s on veruscoin.
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miner29
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December 19, 2020, 02:06:09 AM |
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So what mining on a phone is a terrible idea both from a hardware point of view and from an earnings point of view.
Those that insist phone mining is real and profitable can never show either actually.
for reference: Samsung A50 - 3 Mh/s (same as GTX 1060) Ryzen 5 1600 - 12 Mh/s RTX 3090 - 23 Mh/s on veruscoin. So what are you going to do with the $0.06/day before power..... please do tell. Why at $21 a year how long will your roi be? How long will the A50 work at that load?
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cyop
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December 19, 2020, 07:58:59 AM |
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So what are you going to do with the $0.06/day before power..... please do tell.
Why at $21 a year how long will your roi be? How long will the A50 work at that load?
These numbers are for reference only, not mining advice. If u have access to cheap secondhand phones with cracked screens it might do, I personally prefer android TV boxes for mining.
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Inkdull
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December 19, 2020, 10:14:56 AM |
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There is nothing real about mobile mining, it's no lie that the high end smartphones can't handle crypto mining till date, may be possible in future but not today, whatever mining interface you are seeing on an app it's not real mining, it's like using a cloud mining service like orbot or genesis mining services
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