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Mining on the phone is one of the ways to mine cryptocurrencies, which involves the use of special software and the use of the power of a mobile device. It differs for availability, a large selection of applications, and small investments. Among the shortcomings, perhaps the main can be considered limited opportunities, a small profit, and impressive wear and tear of the device.
The number of applications that offer to mine cryptocurrency on phones is increasing because of the growing popularity of cryptocurrencies. In 2022 you can find about 200 programs focused on mining using a smartphone. The vast majority of such software is an empty shell. Such apps only advertise this type of income, promote paid services or collect confidential data.
It is possible to mine on both Android and iPhone. Unlike the Google Play store, where not the “cleanest” applications “leak” in, in the App Store the situation is much stricter. Here, the probability of downloading such programs is minimal, and the software associated with the mining of cryptocurrencies is immediately removed. Many enthusiasts started creating bitcoin games to circumvent the ban: the user mines cryptocurrency by playing games. However, this is more entertainment than serious mining.
In contrast to classical mining, which requires powerful equipment (ASIC miners or GPUs), cryptocurrency mining on a phone has several features:
In most cases, work is carried out in pools, because solo mining is not effective (tiny device power). Android devices are preferable in terms of profitability. Cryptocurrency mining on a smartphone is more training than a way to earn money. It
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