Cell Phone Crypto Mining: Profitability Calculator Iphone /Android (SmartPhone)

What cryptocurrencies can I mine on a smartphone

In fact, cryptocurrency mining on a mobile device occurs in the same way as classic mining. The user shares his computing power with the server to support the operation of the blockchain. And the more it gives, the more it receives.

However, you need to understand that even if a good card for mining does not give much profit from mining popular coins, such as Bitcoin, Ethereum, Litecoin, and so on, then the mobile device’s capacities are not enough to mine them. That is why it is better to choose altcoins whose network complexity is still not so high.

Of course, you can try to get such coins on your smartphone, but in this case you should join the mining pools. Although the reward will be less, the probability of generating a new block is much higher. As for solo mining, on a smartphone, this is possible only with not the most popular coins.

And if you are already mining on a smartphone, then coins on the CryptoNote algorithm, such as Bytecoin cryptocurrency, or various tokens on the Scrypt algorithm, such as Dogecoin, are more suitable for this. These coins, although they are not in the top, are held by ear, and their blockchain network is not too overloaded.

Talk about the costs

Naturally, the more expensive and more powerful the smartphone, the greater the hash rate its processor can give. But before starting production, you should calculate the costs of:

• Electricity. You will have to charge the gadget much more often than with everyday use;
• Internet payment. It’s worth mentioning right away that mobile Internet will not work – it’s better to use a WiFi connection;
• App purchase. Most of them are free, but paid versions have more advanced functionality and lack of advertising, on which blockchain developers make money ;
• Repairs. Due to continuous operation, the smartphone will overheat, because it is not designed for such loads. The lack of a cooling system, as in the farms of video cards, makes itself felt. Therefore, you need to be prepared for breakdowns.

How to start mining on a smartphone

Fortunately for beginners, most applications do not require any serious configuration. All the user needs to do is download the application and run it. In some cases, joining a pool is required.

The most popular applications for mining on a smartphone can be found in PlayMarket and AppStore. Most of them are suitable for both Android and iOS. Since mining on a smartphone is just starting to develop, programs based on new algorithms are gradually coming out, which expands the possibilities of obtaining different coins.

Note that before downloading the application to your smartphone, you should read the reviews and make sure of safety. There are dozens of similar programs on the network, but really proven ones. Therefore, catching the virus is quite easy.

It is worth adding that proven applications raise questions from antivirus programs. The reason for this is banner advertising, on which, as mentioned above, developers earn money.