Bitcoin mining is one of the most useful ways of earning Bitcoin. The process in itself is fully automated. All that is required from you is computational power to solve complex cryptographic puzzles while compiling transaction blocks on to the Bitcoin blockchain. As remuneration for your services, the blockchain awards the node or miner with Bitcoins. This reward is predetermined and halves every 4 years so that a steady supply of Bitcoin comes into circulation without impacting the value of Bitcoin at a drastic level.
Though you can increase the chances of receiving the Bitcoin reward if you increase your computational power, the process for solving the puzzles is random, and theoretically, any node can earn it. Mobile mining in the form of Android and iOS apps is becoming more and more popular with miners to increase the computational power of their mining pool at a lower input power consumption.
Users can also use obsolete mobile phones to increase their mining capacity. Here are some Android apps that may interest you if you’re looking into mobile mining. To start bitcoin trading you can visit Oil Profit.
MinerGate Mobile Miner
MinerGate Mobile miner is not just an android app for mining Bitcoin but also stores your gains as a wallet. It has additional features like price checking to allow you to keep track of Bitcoin and other altcoin prices. Plus, you can take advantage of the miner chatroom to discuss trade strategies with other miners in your mining pool.
The app provides two ways to go about mining. You can opt for the mobile mining option, where the app uses your systems CPU potential to mine bitcoins, or you can go for the cloud option, where you outsource your mining operations to the app’s server for a nominal fee.
If you choose the mining pool option, you attain further capabilities to customize your mining experience by increasing or decreasing your thread count as per your desire. This lets you choose the number of processor cores that go towards your mining operations, allowing you to run background operations if needed, or save power in times of low network activity.
MinerGate Mobile Miner can overwhelm those who are new to the mining game. If simplicity is something you desire, then Crypto Miner is the app for you. It comes in both Android and iOS versions that are free to download and offers the option to mine way more currencies than MinerGate Mobile Miner.
Once you log in, you can set up the app to act as a node for your pre-existing mining pool by adding its credentials. Select the relevant algorithm used by your preferred cryptocurrency. If it’s Bitcoin, then you’ll have to choose the SHA-256 algorithm. Once selected, you’re all done and can start mining.
Like MinerGate Mobile Miner, Crypto Miner also lets you customize your mining by allowing you to choose CPU cores for your mining activity. On top of that, if you’re mining more than one cryptocurrency, you can prioritize which one gets more power. This allows you to have more control over your mining operation, and you can allocate more resources to those currencies that are catching up.
But There’s a Catch
In July 2018, Google decided to ban all these Android apps on the Play Store to prevent fraudulent activities. However, don’t let this disappoint you, as you can still find APKs for these apps. A word of caution is in order, though. APKs are apps not associated with the Play Store and can be found on other websites. If you plan on mining using these apps, then make sure you get them from a reliable source. Otherwise, you may become the victim of a phishing attack or a fraudulent scheme where the perpetrator steals your hard-earned Bitcoin.