It Takes 14 Million Android Phones to Earn One Bitcoin

[libivan]

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

lol

[freedomno1]

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

DAYYYMNNNN
Sorry it had to be said but I am impressed that it would take that many phones so much for mobile mining to earn enough for a phone call

[Kiloday]

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

[abacus]

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

Seven months ago, with that difficulty, it would have cost you $3,162,791,285,103,330,000.00 per block just for paper and ink.

Source:
http://www.reddit.com/r/Bitcoin/comments/1r3wau/mining_bitcoin_by_hand/

tl;dr - mining by hand is no longer profitable. (LOL)

[Abdussamad]

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.

14 million is not a lot relatively speaking. There must be at least a billion android devices out there.

[Yakamoto]

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

This is actually bloody genius.

About, oh, I dunno, 50% (At least) of the world's population has a Android or Apple device, and if companies started adding ASICs like what you said, that would allow companies to earn about 250 BTC, if they have all 3,500,000,000 mining all the time. Realistic estimates would put it at about 100 BTC, at best. Not everyone has it hooked up all the time.

So companies could be mining pretty big amounts, the question would be if the companies would hold it and wait, or sell it off...

[phillipsjk]

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

This is actually bloody genius.

I disagree: "smart" TVs are where it is at.

• They are already built to betray the user (implementing an alphabet soup of DRM including DTCP and HDMI).
• They are already known as power hogs even in standby mode (so that they can download programming guides an respond to voice commands)
• They already have internet access (required to get Blu-ray playback working again after your device is revoked, also services like netflix): likely cheaper than mobile Internet.
• Because these things are always plugged in and active, you can even use an off-the-shelf chip drawing 3-5W.

[Maidak]

Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.

This is actually bloody genius.

I disagree: "smart" TVs are where it is at.

• They are already built to betray the user (implementing an alphabet soup of DRM including DTCP and HDMI).
• They are already known as power hogs even in standby mode (so that they can download programming guides an respond to voice commands)
• They already have internet access (required to get Blu-ray playback working again after your device is revoked, also services like netflix): likely cheaper than mobile Internet.
• Because these things are always plugged in and active, you can even use an off-the-shelf chip drawing 3-5W.

This is a pretty cool idea but if they get caught doing it well I smell a lawsuit lol. This is quite a interesting fact about that I still remember way back in the day mining a few LTC off my old android phone.

[jeffthebaker]

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

Yo who is up to start an android phone mining pool

[Lethn]

The ironic thing is that with that exact phone they could just as easily take a few jobs on the internet for Bitcoins or just buy it on an exchange for much less effort. I don't understand why these people act so surprised when they can't make millions from a standard PC or Laptop, I don't even know that much about computers but I know how difficulty works and when you take that into account it's not at all surprising that mining off these things is pointless.

Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

[vpitcher07]

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.

THis cracked me up. Imagine doing a hash by hand and by some crazy miracle it's the block...Talk about luck

[phoenixsilverbird]

Hashing by hand.... sounds interesting, but pointless.
Just throw TH equipment and boom.

[Light]

Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

I thought they moved over ages ago when the ASICs started making the difficulty explode and making it pointless to mine using a GPU? Not to mention now, given that there are scrypt ASICs it kind of defeats the purpose of having an altcoin that is 'ASIC resistant' as they were touted.

@OP: Other than it being an interesting piece of trivia, I fail to understand the relevance this has aside from telling us how difficult it is to mine...

[Yakamoto]

Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

I thought they moved over ages ago when the ASICs started making the difficulty explode and making it pointless to mine using a GPU? Not to mention now, given that there are scrypt ASICs it kind of defeats the purpose of having an altcoin that is 'ASIC resistant' as they were touted.

@OP: Other than it being an interesting piece of trivia, I fail to understand the relevance this has aside from telling us how difficult it is to mine...

Well ASIC resistant doesn't mean ASIC proof.

It did require a bit more R&D to create the ASICs, but did it take a longer time to develope them as opposed to the SHA-256? If it did take longer, that's where you get your ASIC resistance from.

All algorithms will most likely have ASICs developed for them, eventually, but it will take far longer for some algorithms as opposed to others. Now I can't guarentee that, as most likely some new algorithm that's either ASIC proof or extremely difficult to replicate will be invented and distributed, but for the time being, it is going to be a lot of ASICs for different algorithms.

Does Darkcoin have any ASICs in R&D yet?

[DannyElfman]

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.

THis cracked me up. Imagine doing a hash by hand and by some crazy miracle it's the block...Talk about luck

You would still need to propagate it to the network before someone else does in order for it to be included in the blockchain. I would also think that it would likely take more then 10 minutes to calculate a hash by hand, making the hash worthless regardless.

[cozk]

My point was simply to show that measuring hashing capabilities of undapted things is limitless and VERY retarded.

Flash news: It would take a cucumber 19 trillions years to mine a bitcoin. Yeah cool story.

Stop overthinking my ''hand mining'' thing lol.

Im glad you guys liked my joke.

[neverminer77]

Dumbest article. Being mentioned by a poor writer with bad research isn't always good. In this case, it's a wash.

[Fragan]

Mobile mining...another stupid idea 

[romneymoney]

It might be interesting to see the numbers for a coin using an algorithm where the mobile chip isn't at as much of an extreme disadvantage.  A virus that returns anything is more attractive to the author than one that returns nothing, so despite the miniscule returns, I'd expect to see more of this.

[sugarfree]

Dumbest article. Being mentioned by a poor writer with bad research isn't always good. In this case, it's a wash.

To each his own. The article was half for entertainment purposes. Any publicity is good publicity.