A Beginner’s Guide to Cryptocurrency Mobile Mining
Crypto Mining, as we all know, is a an expensive investment. For instance, to start mining Bitcoin in 2020, you first have to invest in a top-end mining rig costing upwards of $1000, then make sure the electricity around your place is cheap, store it in a cool place, and then connect it to a mining pool.
Mining Bitcoin on a smartphone is completely out of the question. It is more or less similar to Ethereum and other top mineable coins out there.
But wait, then what was the recent buzz about mining on the mobile? We all know mining is the task of verifying transactions, and as the number of miners increase, it becomes more and more complex to mine. Then how can one even think about mining cryptocurrencies on the mobile? Is it even possible or profitable?
Let us try to answer all the questions you might have about Mobile Mining and its feasibility.
Is Mobile Mining a Scam?
Let us make it clear right away, Cryptocurrency mobile mining is possible, but it comes with a long list of reasons not to do it. In reality, mining on your smartphone doesn’t even come close to any other form of mining hardware or software. In the current state of the market, at least the ones on the top, doing it on your smartphone might not bring you enough profit, to be worth the time and effort.
To continue reading more about Mobile Mining, its implications and the ways by which one can mine, do check out the full blog post on Cryptoadventure.org
https://cryptoadventure.org/a-beginners-guide-to-cryptocurrency-mobile-mining/
Hmmm... interesting. Thanks for sharing.
Thanks. Stay tuned for lots more.
Hello @reverseacid, good to read you again. How have you been?
This information that you share is interesting, thanks for bringing it, I think it is not worth the time and the effort mining in a Mobile, is my opinion.
Hello @fucho80
Was off for a while, but its's good to be back. Currently writing for my blog cryptoadventure.org.
What about you? How have you been?