It Takes 14 Million Android Phones to Earn One Bitcoin

[cryptocurrencylive]

It Takes 14 Million Android Phones to Earn One Bitcoin

http://securitywatch.pcmag.com/mobile-security/325365-it-takes-14-million-android-phones-to-earn-one-bitcoin

[franky1]

It Takes 14 Million Android Phones to Earn One Bitcoin

http://securitywatch.pcmag.com/mobile-security/325365-it-takes-14-million-android-phones-to-earn-one-bitcoin

today it takes just as many pickaxes strikes to the dirt to get an an ounce of gold.

so get with the programme and use the proper equipment to do an efficiant job.

it costs less electric to mine a bitcoin with an asic, that with a CPU or GPU or FPGA.

imagine if ASICS were not invented, or JCB excavators were not invented, the blood tears sweat and arguments of inefficiency would be much worse.

[ljudotina]

Now that's just plain and simple stupid. Mobile mining....

[DannyElfman]

Now that's just plain and simple stupid. Mobile mining....

Mobile devices are really not designed to be making these large amounts of calculations that are necessary to mine SHA-256 coins. They are designed to do a more wide array of things.

[Beliathon]

Hey guys, I heard it takes 140 million breast-strokes to cross the Atlantic Ocean.

Am I doin it wrong ?? ?

[Bitcoinpro]

Hey guys, I heard it takes 140 million breast-strokes to cross the Atlantic Ocean.

Am I doin it wrong ?? ?

u should be using butterfly

[Eotnak]

Mobile Mining Number Crunch
The numbers say it all. Lookout's researchers calculated that if you're mining for 24 solid hours on a Samsung Galaxy SIII, you'd only earn .00000007 Bitcoin or $0.00004473. In order to make just one Bitcoin in a day, Lookout says you'd need 14,285,714 phones working full-tilt simultaneously.

Bitcoins are hugely valuable (over $600USD per Bitcoin), and therefore require huge resources to mine. But even less valuable cryptocurrency, like Litecoin, are beyond the reach of mobile miners. If you took 3,752 SIII phones and let them work for 24 hours, you'd end up with a single Litecoin which is worth a paltry $8 USD.

These 2 paragraphs are all you need to make you stop reading the article.

[bluefirecorp]

His math is wrong.

Actually, if it were 2009, it'd only take maybe 2-3 SIIIs to mine a bitcoin in a day.

[phoenixsilverbird]

Interesting.
Mobile mining appears to be for novelty only - long term use is pointless and can damage the hardware.

[allthingsluxury]

Very interesting number and crazy. But of course you gotta use the right tool for the right job. Mining with a mobile phone is obviously a horrible idea.

[Skele]

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

[phoenixsilverbird]

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

It's hard to infect 14 million devices.
The time and money spent infecting them would be far greater than any Bitcoin.

[cozk]

Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.

[Yakamoto]

14 million?

Good gravy. That's actually a small number.

GOOGLE! WHY YOU NO HIJACK ALL YOUR SOLD PHONES?

In a more serious way, however, that fully makes sense. They're phones, not PCs or ASICs. They're not necessarily supposed to be completely over powered in specs, their meant to run flappy bird and be able to take selfies.

PCs are supposed to do WAY more things than a phone, and often they can, unless they're ~8 years behind in tech, or aged 8 years old with no upgrades.

GPUs in phones aren't supposed to run Watch_Dogs or grind away at a stream of super-difficult calculations that it has to compare against another chain of code.

But that's just my opinion.

[fryarminer]

I wonder if there are 14 million people retarded enough to mine on their phone...

[Brewins]

Mobiles device are made for being low power consuming and being small, no more than that.

This is candidate as the retarded bitcoin article of the year

[keithers]

It sounds crazy and non-efficient (seeing it as an ordinary person), but what if someone creates a virus which infects a lot of phones worldwide

and whenever that guy wants it, starts mining without any notice $_$

It's hard to infect 14 million devices.
The time and money spent infecting them would be far greater than any Bitcoin.

They would probably need to come pre-installed out of the box like that

[smoothie]

Equivalent to digging with 14 million hands lol or more.

At least with Bitcoin mining there is not as many deaths than gold mining companies per year.

[jonald_fyookball]

Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.

anyone actually done 1 hash by hand?

I think it would take a while, there's a lot of rounds to do in a SHA-256 hash.
64 rounds? something like that

[KimNam]

even PC with good GPU can't handle bitcoin mining anymore

I think someone should create alt-coin that only can be mined by mobile phones CPU and GPU
it's new market, is it possible?