Can I really mine cryptocurrency on my phone? Well, the truth is that cryptocurrency mining is usually a complex and highly sophisticated exercise left to techies who understand what they are doing. It involves solving complex calculations that your average Android mobile phone may not handle. However, there seems to be some light at the end of the tunnel as more powerful mobile phones hit the market.
Can I mine cryptocurrency on my phone? Yes, you can mine some cryptocurrencies using your mobile phone. However, the process may not be that profitable given the low processing power of mobile devices.
There are a few legitimate mobile apps out there that can help you mine a small fraction of Bitcoin, Monero, and Electroneum on your mobile device.
The cryptocurrency mining revolution has taken over everything, and it seems like mining is no longer a reserve of the highly technical guys who own ridiculously expensive hardware setups. But, I must insist that some cryptocurrencies such as Bitcoin can only be mined profitably using high-power specialist equipment.
In this post, I’ll help you understand what mobile mining entails and how you can try it out yourself. I’ll discuss one of the trusted mobile mining apps and reveal two other cryptocurrencies apart from Bitcoin that I think you can mine on your mobile device. So, let us get started.
What Is Cryptocurrency Mining? An Overview
In simple terms, cryptocurrency mining is the process of verifying transactions between different users and adding them to the blockchain public ledger. The process of cryptocurrency mining is also responsible for the introduction of new coins into the existing network. In fact, the process of mining is what allows cryptocurrencies to work as a decentralized peer-to-peer network.
Typically, a crypto miner serves as a node in the system. The primary function of the miner is to collect various transactions, verify, and organize them into their respective blocks. Whenever a transaction is made, all nodes (miners) on the network receive it and verify it for validity.
Once all the transactions have been verified, the miner nodes gather them from the memory pool and start to assemble them into a block referred to as a candidate block.
This is a basic explanation of what happens during cryptocurrency mining. I have already written a detailed guide on how Bitcoin mining works that you can read here.
Mobile Crypto Mining: How Can You Mine Crypto on Your Phone?
So, just how hard is it to make a few coins mining cryptocurrency on your mobile device? Well, it depends on a lot of factors. Basically, you are not going to be lucky with Bitcoin.
The recent rise in the value and popularity of Bitcoin has made it one of the most attractive targets for many crypto miners. It means that competing with people who own some of the most expensive mining rigs while you depend on a mobile phone can be difficult.
At the time of publishing this article, one Bitcoin was worth approximately $8,209. Every Bitcoin comprises three essential parts; a 64-bit address, a public key, and a private key that is used to unlock the address.
Furthermore, Bitcoin features a hard-coded cryptocurrency unit limit of 21 million. The problem is that even the most powerful mobile phone out there may take several months to generate a fraction of a Bitcoin.
Understanding Your Mobile Device’s Hash Rate
As mentioned before, cryptocurrency mining is all about solving complex calculations to earn coins. The rate at which your device can solve these calculations is usually referred to as a hash rate.
Hash rate can be defined as the number of hash operations completed within a given time. It determines the speed at which any given device mines.
Hash rate is an essential factor to consider in cryptocurrency mining. It is mostly measured in “hash per second (H/s).”
In computing, a hash is simply a function that converts one value into another. On the other hand, hashing refers to the process of taking an input string of any length and converting it into an output string of fixed length.
In the context of cryptocurrency mining such as Bitcoin, the transactions are taken as an input and run through the hashing algorithm to give a fixed-length output. Bitcoin uses the SHA-256 hashing algorithm.
By counting the exact number of times that an algorithm converts data within a specific time, your device is assigned its hash rate.
To help you understand this concept without any difficulty, I’ve prepared a table showing some of the most common Android mining phones and their hash rates:
|Android Smartphone||Hash Rate (Hashes Per Second)|
|Huawei Mate 9||50H/s|
|Samsung Galaxy Note 8||50H/s|
|Samsung Galaxy S7||45H/s|
|Google Pixel 2||41H/s|
|Xiaomi Redmi Note 3||35H/s|
|Asus ZenFone Selfie||18H/s|
|Samsung Galaxy S5||15H/s|
|iRULU eXpro Table||10H/s|
|Samsung Galaxy A3||8H/s|
|Alcatel Vodafone Smart Tab 3G||5H/s|
|Motorola Razr Max||4H/s|
In case you don’t see your exact mobile phone model in the table above, check for its closest rival. There is a likelihood that the hash rate of the two devices isn’t far apart.
From the table above, we can conclude that it is almost impossible to mine a reasonable number of Bitcoins on your Android device, given that you will be competing with people who own powerful mining rigs that boost a hash rate of up to 950TH/s (950 trillion hashes per second).
Having said that, there are alternative coins that you can mine on your mobile, which are relatively profitable. Check out this guide to learn how to mine Pi cryptocurrency on mobile.
Mining Electroneum on a Mobile Phone
Electroneum prides itself as the first-ever cryptocurrency that allows users to mine a significant number of coins on a mobile phone. The Electroneum mobile mining feature has allowed millions of smartphone users all over the world to get started with cryptocurrency mining.
The mobile miner was launched in 2015, and some people say that it is somehow profitable. So, how do you mine Electroneum on your smartphone?
Well, all you have to do is download the official mobile miner app to your smartphone and create an account on the Electroneum website. Once you have created your account successfully, log into the app with your credentials, go to the “miner” tab located at the bottom of your screen and click on the “start mining” option.
Your smartphone will start mining for you, and you can even see the hash rate as well as the number of coins you have managed to mine.
The Electroneum team is working really hard to promote this cryptocurrency. They want to position it as a strong cryptocurrency and the primary target is to hit a user base of at least ten million within the shortest time possible. Maybe you can try it out and see if it is something for you.
Mining Monero on a Mobile Phone
Apart from Bitcoin and Electroneum, another good cryptocurrency that you can try to mine on your mobile device is Monero. This is a revolutionary system of currency exchange that is untraceable, secure, and 100% private. With its dynamic scalability and fungibility, Monero carries great potential.