Mining on Android phone

Mining on Android phone

In 2023, smartphones are pocket computers with powerful processors. Their resources can be channeled into earning cryptocurrency. One of the ways is mining on your Android phone. Mobile crypto mining attracts minimal initial investment and simplicity. The process is fully automated, you only need to download and run the program.

Features of mobile mining

Serious cryptocurrency mining requires powerful equipment – video cards and integrated circuits. However, it is possible to mine some coins with the help of smartphone CPUs. The process has peculiarities:

  • Low income. The profitability of mining depends on the hash rate of the equipment. To earn, you need a farm with 5-10 ASICs. On mobile devices, you can get no more than $0.07-0.010 for 8 hours of continuous crypto mining.
  • Lack of mining programs in the App Store and Google Play stores. Such applications overheat the technique, which leads to its premature wear and tear. Therefore, Apple and Google stopped supporting them in 2018.
  • Mining of top coins is not available. The complexity of the Bitcoin network in 2023 is so high that even modern graphics cards cannot cope with this task. The power of a smartphone is enough for amateur mining of new or obscure coins.
  • There are applications for mining simulation. They allow you to study the process in a game form, without loading the gadget.

Is it possible to mine cryptocurrency on your phone?

Since the invention of smartphones, their capabilities have expanded. In 2023, many are interested in whether you can mine cryptocurrency on your Android phone. In modern cell phones install powerful processors capable of solving complex computing tasks. In essence, such a phone is a mini-computer with a powerful battery.

Cryptocurrency can be mined on devices with 64-bit processors and higher. The hash rate will be 9-80 H/s depending on the coin and CPU of the device.

Which cryptocurrencies can be mined on a smartphone

Analysts predict that in 2024-2025 a new growth cycle of bitcoin and altcoins will begin. In that case, 2023 is a good time to launch a mining business. Many investors support these forecasts, so the complexity of top networks is constantly growing. The power of even the latest smartphone models is not enough to mine tokens from the top 10. But it is possible to mine cryptocurrencies on mobile devices using the CryptoNight algorithm:

  • Monero
  • Bytecoin
  • DigitalNote.

Algorithm developers have implemented GPU and ASIC protection to keep networks decentralized. There are also new coins that are not yet listed on exchanges. They are being specifically designed for mining on smartphones. They are most popular in early 2023:

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  • Pi Network
  • Midoin
  • PHT
  • Bee Network.

Where to store cryptocurrency

Profits from mining can be transferred to exchange or personal wallets. The first method is less secure – if the platform is hacked, users will lose money. However, on exchanges, you can get additional income from holding assets for a long time. For example, on Binance, clients deposit Monero at 1.87% per year.

Storing coins in personal wallets is more secure. Developers of non-custodial services give users private keys to their accounts. The client is personally responsible for storing the funds and can return the assets even if the platform stops working.

For example, Bytecoin, a popular cryptocurrency for mobile mining, is held in an official wallet from the developers, Gate.io, CoinEx, HitBtc, Poloniex, etc. exchanges. Another popular asset Monero is stored in multi-currency wallets:

  • Trust Wallet – a service with a built-in browser to access DeFi projects.
  • Atomic Wallet – an app in mobile and desktop versions with an integrated exchanger.
  • Ledger – hardware vault. Coins are in a segregated environment, virus-free.

Popular apps for mining on your phone

Extraction of cryptoassets is an automatic process that is controlled by special programs. First, you need to decide on the coin. New cryptocurrencies are available only in official applications. Top assets are mined in cloud services, games and popular mobile mining software.

Bitcoin Mining Play

A game for crypto-enthusiasts who want to learn the basics of cryptocurrency mining and earn a little money. The application has the following features:

  • Intuitive interface.
  • Standard referral system. Users receive 0.0005 BTC for each new participant.
  • To earn money, you do not need to use the resources of the smartphone processor.
  • The simulator is launched with a single button.
  • Users can accelerate crypto mining with bonuses.
  • The application for mining on an Android phone is distributed for free.

MinerGate

In this well-known program, you can track the readings of a classic farm on video cards (asics) or manage cloud mining contracts. The Android version is available on the developers’ resource. It is not available in the Google Play store.

Mining on Android phone
MinerGate program

The main functions are as follows:

  • Monitoring of cryptocurrency quotes.
  • Alerts on failures of mining on the Android smartphone.
  • Affiliate program
  • Support for Ethereum Classic, Bitcoin, Zcash.
  • There is a calculator of cloud mining profitability taking into account hash rate and exchange rate.

“Bitcoin Mining: Simulator of Life”.

Participants create virtual farms, learning the process in a game form. The program for mining on the phone is available on Google Play. The developers position the product as a combination of entertainment and cryptographic sectors on one platform. Users can play in single mode or participate in a tournament.

Mining on Android phone
You should not expect to make a serious profit, but you can have an interesting time and get a small income

Money Miner

This is a simulator of cryptomining with a simple, intuitive interface. To run it, you do not need special skills and additional settings. The program offers to rent capacity in cloud services and track mining.

All calculations are performed on a third-party resource, so the application does not load the smartphone. If necessary, it can be closed.

AndroMine

The application was developed in 2014 for mining lightcoin. The program is optimized for use on smartphones with 64-bit processors and supports the Stratum protocol. It ensures the security of data transfer.

AndroMine uses all available resources of the phone, there is no allocation of one or more cores. This means that if cryptomining is running, the gadget cannot be used for calls or surfing the Internet.

Pi Network

At the beginning of 2023, this coin is among the most promising for mining on a smartphone. Pi Network was launched in 2019. The developers did not hold an ICO, and the only way to get coins was mining.

The project team includes PhDs, it is supported by investors and the community. The coin works on the innovative Stellar Consensus Protocol consensus algorithm. The miner does not load the phone, but users will need to log into the app every day to start the process.

To start mining Pi Network, you need to:

  1. Download mining on Android from Google Play.
  2. Choose a registration method (phone or mail).
  3. Specify a real name and nickname. To transfer coins to the wallet, you will need to pass KYC, so you need to enter correct data.
  4. Enter a promo code. It can be found in the Discord or Telegram community.

The size of the reward can be increased if you block the transfer of profits to an external wallet. By default, coins are sent every day. You can set up a transfer once a week, month or year.

Mining on Android phone
Pi Network rate in January 2023

Midoin

The coin and mining app came out in 2021. In early 2023, Midoin is not traded on exchanges, but it can be exchanged for real goods (electronics, clothes). The marketplace is built into the app. For crypto mining, you need to press the screen in a certain place or enable automatic mode. In the second case, the income will be lower. Instructions for launching:

  1. Download the utility on the developers’ website or in the Google Play store.
  2. Select the method of registration (cell phone number, etc.).
  3. Enter a real first and last name (required for the delivery of purchases).
  4. Specify a referral code (it can be found in official groups in Discord, Twitter, Telegram). Invited users mine 5 times faster.
  5. Select a mining mode.

Developers value the privacy of users. Therefore, you will not need to go through KYC to work with the program.

Alternative options for mining cryptocurrency through the phone

Individual services pay a reward for performing simple actions (watching videos, reaching levels in the game, solving captcha). They can be run through PC or smartphone browsers. There are also mobile applications. In 2023, they give you the opportunity to earn coins without investment:

  • Cryptocrans. Assets are credited for entering captcha, participating in online quizzes, watching ads.
  • Games. To earn money, you need to move to the next level or win a tournament
  • Crypto exchanges. Platforms award bonuses for registration and hold airdrops. Large services have mobile applications.

How to start mining cryptocurrency on a smartphone

Technically, cryptomining on the phone does not differ much from the classic – on video cards and asics. To solve computational tasks involve the power of processors, so it is more profitable to mine on 64-bit CPUs and higher.

Download and install the program for mining

The instructions are simple:

  1. Choose a utility (download on the developer’s resource).
  2. Install a good antivirus and the latest database updates. About 40% of applications for mining on your Android phone with money withdrawal are fraudulent. Often together with the utility, users download malware.
  3. Install the program. It is necessary to observe the rules of safety – do not use the software if a request for personal data appears. This can be a malicious program that tries to gain access to the bank card.
  4. Customize the utility. It will be necessary to enter a cryptocurrency wallet to receive coins

The mining process is automatic. If everything is done correctly, no action is required from the user. However, periodically you need to check the work of the utility. The process requires a lot of resources, so the phone may hang.

The Android operating system has less stringent requirements for checking programs compared to iOS. Users can give the necessary rights to software from unknown sources. Under the guise of crypto programs, fraudulent services are often found.

In the best case, customers will not receive a payout – the money will go to the wallets of attackers. In the worst case, hackers will gain access to bank cards. To avoid trouble, you need to take precautions:

  • Carefully study reviews on forums. It is worth being wary if some users write about large earnings, and others complain about outright deception.
  • Download utilities only from the developers’ resources. When downloading from a third-party site there is a high probability of getting a program with a virus.
  • Do not install the software if the owner promises too much profit. Payouts for crypto mining on a smartphone can not be high.

Profitability of mining on a phone

Modern mobile CPUs can mine Monero with a hash rate of 25-50 H/s. For example, the Galaxy S8 on a Qualcomm Snapdragon 835 processor produces a processing power of 28 H/s. The yield will be $0.0017 when running continuously for 24 hours. At the same time, mining heavily loads the system. When the option is active, the device can not be used for surfing in the browser or browsing social networks.

To save the resources of the smartphone, you can connect to cloud services – rent the capacity of data centers. Here you earn an average of 30% of the amount invested per year.

Income depends on the complexity of the blockchain and quotes of cryptocurrency. Cloud platforms allow you to mine bitcoins on your Android phone around the clock. Ethereum Classic, Dogecoin and other coins can also be mined.

Some new cryptocurrencies (Pi Network, PHT) can only be mined on a phone. Users can get 0.2-0.5 units of the asset per day. However, it is impossible to estimate the profit in dollars before listing. Miners on a phone on Android can earn well or get nothing if the project ceases to exist.

Pros and cons of mining cryptocurrency from a smartphone

Mobile mining brings a small income and the pleasure of chatting with other participants. Like any way of earning money, it has pros and cons. Details in the table.

AdvantagesDisadvantages
Fully automatic process
Low income
You can get the initial skills of cryptocurrency mining
Smartphone wear and tear
Simple setup
Risk of downloading viruses
You can earn promising new coins

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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