Best Bitcoin Mining Apps For Mobile Platforms
Bitcoin mining is one of the most useful ways to earn Bitcoin. The process itself is fully automated. All you need is the computing power to solve complex crypto puzzles while compiling transaction blocks on the Bitcoin blockchain. In remuneration for your services, the blockchain allocates Bitcoins to the node or miner. This reward is predetermined and halved every 4 years so that a steady supply of Bitcoin comes into circulation without affecting the value of Bitcoin to a drastic level.
While you can increase the odds of receiving the Bitcoin reward if you increase your computing power, the puzzle-solving process is hit and miss, and theoretically any node can earn it. Mobile mining in the form of Android and iOS apps is becoming more and more popular with miners to increase the computing power of their mining pool with lower input power consumption.
Users can also use obsolete mobile phones to increase their mining capacity. Here are some Android apps that might interest you if you are interested in mobile mining. To start Bitcoin trading, you can visit Oil profit.
MinerGate Mobile Miner
MinerGate Mobile miner is not only an Android app for Bitcoin mining, but also stores your earnings as a wallet. It has additional features like price checking to let you track the prices of Bitcoin and other altcoin. Additionally, you can take advantage of the Miners’ Chat Room to discuss trading strategies with other miners in your mining pool.
The app offers two methods of mining. You can go for the mobile mining option, where the app uses the potential of your system’s processor to mine bitcoins, or you can go for the cloud option, where you outsource your mining operations to the server. application for a small fee.
If you choose the mining pool option, you get additional capabilities to customize your mining experience by increasing or decreasing the number of threads as per your desire. This allows you to choose the number of processor cores that go to your mining operations, allowing you to run background operations when needed, or save power in times of low network activity.
MinerGate Mobile Miner can overwhelm those new to the mining game. If simplicity is something you desire, then Crypto Miner is the app for you. It is available in Android and iOS versions which are free to download and offer the ability to mine a lot more currencies than MinerGate Mobile Miner.
Once you’ve logged in, you can configure the app to act as a node for your preexisting mining pool by adding its credentials. Select the appropriate algorithm used by your preferred cryptocurrency. If it is Bitcoin, you will need to choose the SHA-256 algorithm. Once selected, you are done and can start mining.
Like MinerGate Mobile Miner, Crypto Miner also allows you to customize your mining operation by letting you choose the processor cores for your mining activity. On top of that, if you mine more than one cryptocurrency, you can prioritize the one that gets the most power. This allows you to have more control over your mining operation and allocate more resources to currencies that are catching up.
But there is a catch
In July 2018, Google decided to ban all these Android apps from the Play Store to prevent fraudulent activity. However, don’t be disappointed, because you can still find APKs for these apps. A caveat is in order, however. APKs are apps not associated with the Play Store and can be found on other websites. If you plan to run these apps, make sure you get them from a trusted source. Otherwise, you risk falling victim to a phishing attack or fraudulent scheme in which the perpetrator steals your hard-earned Bitcoin.