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Among Bitcoin miners and users, mining is still a popular deal to understand how the Bitcoin network is organized. However, we all know for sure that today, mining is a proper business for big companies which are able to invest good sums of money in their equipment and relocation if necessary. Bitcoin mining is a very competitive industry so a regular personal computer with a good Graphic Processing Unit or GPU or even a small mining center with several ASICs, are not profitable enough to do this type of business. There should be cheap electricity bills, accessible shipping of the latest equipment, low costs for staff and other expenses which are vital for mining.
So, in other words, we can say for sure that mining is not the easiest way to establish capital as it was a few years ago when the hashrate was slow and equipment wasnt as expensive. Why should we think about that at all? In fact, if youre interested in the whole Bitcoin network, it is good for you to understand what the Bitcoin system is. Its quite hard to start the deal on your computer because official clients takes about 20 Gb of your memory which is quite a lot to waste without any good reason.
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Thats why we want to show you a more convenient, fast and cheap way to understand what the network really is.
We are talking about small and free apps for your Android smartphone! Of course, you have to understand that even your last Android smartphone is not smart enough to calculate and compute the networks algorithms and problems to solve a block and get a reward. Moreover, its capacity is too slow to produce any reasonable amount of precious coins so dont be surprised if your phone does not bring you a pile of money.
So, as we have said before, these apps are designed mostly for studying or informational purposes. If you are still interested in being a miner, we can recommend to you a very interesting app. One such app which helps you to mine Bitcoin via your smartphone isCrypto Miner. You can download it right from Google Play Market. It is free and based on clients reviews, quite reliable and provides a good service. Moreover, it is available to use different cryptocurrencies not only BTC. You need to know the URL of your mining pool which you choose to join a team of thousands of miners. The application connects with the pool and starts mining itself.
Thank you for the satisfactory writeup. It in fact was a diversion ground it.
«I do think Bitcoin is the first that has the potential to do something like change the world.»
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