As we are witnessing an increase in the value of digital currencies, cryptocurrency mining is becoming popular. Back in the day, mining was to be done on powerful PCs with top-of-line GPUs, which were often very costly. However, with the improvement of technology, it is not possible for you to mine certain cryptocurrencies using your Android device. Although mining through Android is not as profitable compared to specialized hardware, it offers a friendlier ease of access for those who are beginning their journey with crypto mining. In this article, I am going to show you how to mine cryptocurrency like Bitcoin on an Android device using a mobile app for mining.
Understanding How Cryptocurrency Mining Works.
How does Crypto Mining Work? Mining of any Cryptocurrency means solving the complex mathematical problems involved in it. Miners lend the power of their computers to carry out its upkeep, and get rewarded in a corresponding digital currency. This maintains the system of being decentralized and increases the security provided by these networks. While Bitcoin may be the high-profile option, other alternatives like Monero and Electroneum offer mobile mining possibilities.
Mining of Android.
But before mining, one should always consider how beneficial it is to do so on their Android device and what the potential limits are. Mining using our mobile phone is not profitable as compared to the miner with dedicated hardware like ASICs or GPUs. A smartphone has only limited computing power, so the earnings potential is modest. It is also hard on the mobile device, which means it shortens its longevity. Nonetheless, if you want to understand a bit more about mining or just get some extra pocket change for fun, as the device cost will be covered by them if not exceeding it, Android Mining can still prove useful.
Best Cryptocurrency for Mobile Mining.
However, not all of them are suitable for mobile mining. Unfortunately, some of the most popular and valuable coins, such as Bitcoin or Ethereum, use up a lot of processing power to mine, which would be infeasible with a mobile device. Yet, there are altcoins that would require less power to be mined in general for instance, some can even run on your average smartphone. Monero (XMR) and Electron Eum (ETN): These are two of the most popular options for Android mining. Monero is highly private by default and resistant to ASIC mining, thereby making it more mobile mineable than many other cryptocurrencies. On the other hand, Electroneum was created as a user-friendly option for novices to mobile mining.
Preparing Your Android Mining Device.
First, you’ll have to download a mining app from the Google Play Store on your Android device. There are many, but you must find a safe one to avoid security issues. Here is the top mining app that you should try: MinerGate Mobile Miner Download NowAA Miner Google Play StoreELECTRONEUM official mobile Mining App.
MinerGate is a well-established name in the crypto community, and they offer various apps to mine cryptos on different platforms. Mobile Mining with the MinerGate Mobile Miner App To use Minergate features, please enable JavaScript in your browserThe postHonoring Satoshi and The Community is Uniting to BUILD Together! appeared first onMinerGate Blog. This app being totally user-friendly, it is an ideal fit for beginners as well. You have to install the app, create an account and choose a coin you want to mine.
AA Miner is another most popular mining app for Android that supports more than 50 coins. It has a simple interface, which makes it easy to get started. AA Miner does not have any ads, resulting in a much cleaner experience. Similar to the MinerGate, you will download an application which is a must-have and create your account after selecting the cryptocurrency that you want mined.
Earlier, I have mentioned how Electroneum was created with the intention of mobile mining. The Electronium app is on the Google Play Store and allows for an easier to use mining experience tailored more towards beginners. The app packs a simulation of mining rather than using the device full computational power that helps in saving battery life and its performance. Still the rewards are there to match a less resource consumption.
Mining Pools vs Going Solo.
While mining crypto, you can either choose solo or a pool in that. You can mine solo when you use the computational power of the device, or with other miners, you can just combine your powers. It can increase your chances of getting rewards, as the power from all in a pool is more likely to solve a mining cryptographic puzzle. The rewards are then split over the pool members according to their share.
Since mobile devices lack high computational power, mining pools make more money than solo Android mining on average. Many members are able to join a pool through the app itself, for example MinerGate and AA Miner among others. Pick a pool that is established, learn how much it costs and what your materials will give you month-to-month before signing up.
Handling Power Consumption and Wear of Devices.
Mining on an Android device can be resource-intensive, which means increased battery consumption and the possibility of overheating. In order to prevent these risks from becoming realities, you should optimize the energy consumption of your device or devices. It can do this by altering the mining parameters of the application, like setting an upper limit on how many CPU threads are dedicated for mining or enabling an energy save mode in the app. In addition, to put less pressure on your battery while mining, it’s recommended you do it with the device being charged.
This has an additional factor in the long run which is wear and tear on your device. Over time the mining process will generate heat and slowly begin to degrade your smartphone components. You can also get a cooling pad for your device so that it does not warm up while mining and avoid any damage. It’s also advisable to keep an eye on your device’s temperature and pause the mining if you find that it is heating up beyond safe levels.
Monitoring Your Earnings.
While mining apps offer you a real-time dashboard to keep track of your earnings. This feature will let you keep an eye on how much cryptocurrency you have mined and predict your potential earnings. Remember, the value of cryptocurrencies can change over time, and depending on market conditions, you may not earn as much. Others even offer to payout the money you earn with them directly into your cryptocurrency wallet when it hits a certain minimum threshold.
The benefit of mining on an Android device is in the mobile access; it gives a chance to earn small change whenever it’s possible. Sure, it may feel good to watch your wallet holding some new coins accrue with each balance trickle in once you kick off mobile mining, but at the end of the day, those are small profits. It is important to state that this small incentive would appeal almost solely to individuals interested in learning about cryptocurrency or perhaps people wishing for a hands-on way of looking into mining without additional money spent.
Staying Safe and Secure.
Security should be an integral factor to consider with prompt mining of cryptos directly on a mobile device. Because mining apps use your device’s resources, it is important to only select applications that are developed by reputable developers and which have positive user reviews. Apps with bad reviews, or apps that ask for too many permissions can lead to a potential security threat.
And, watch out for phishing scams and fake mining apps that want to steal your data or deposit from you. Always get your apps from the official source (e.g., Google Play Store), and avoid clicking on suspicious links or ads. Doing so should be standard practice, and you also must keep your operating system and apps current to guard against security vulnerabilities.
Conclusion.
Beginners with an interest in cryptocurrency WILL find mining coins on Android to be fun and even profitable! Mobile mining does not hash as much of a profitable punch compared to traditional cryptocurrency mining, but that really wasn’t the point. There will be no scalar increase in hashing power for any future mobile phones; it will be just an additional CPU monetary source available to developers wanting funds for making awesome games through ads on their apps. Selecting the right cryptocurrency, downloading trustworthy mining applications, and saving device resources will all enhance the smooth experience of your hard-earned money!
However, one has to remember the limitations and risks involved in mobile mining. The rewards are at best, minimal and the extra usage on your device could potentially kill it faster. To be a serious cryptocurrency miner, you might need to eventually look into getting some dedicated hardware. If you are a beginner and looking to make some real money without shelling out any cash, then mining on Android is the best way for beginners.