The dynamic surge in popularity of digital currencies contributed to the growth in the value of assets of this group. Therefore, it is not surprising that today every user wants to mine coins and make money from it. The increased interest in cryptocurrency mining is gradually turning into a real fever.
Mostly tokens are mined using powerful computers, namely video cards or central processors. Some use integrated circuits that offer maximum performance.
Developers of mobile applications have not ignored this direction, as a result, in 2022, everyone will be able to mine cryptocurrencies on their phone. Naturally, the opportunity to earn money without investment attracts users, while at the same time promoting digital assets.
Initially, an ordinary computer with a basic central processor was sufficient for productive cryptocurrency mining. However, the algorithms regulating mining provide for a constant increase in the difficulty of mining cryptocoins. Therefore, more and more powerful equipment is gradually required for profitable operation.
As a result, instead of processors, video cards are now used, which have greater performance with the same power consumption. Recently, advanced cryptocurrencies, in particular Bitcoin, are mined exclusively using ASIC devices. They are aimed exclusively at mining, therefore they show the best energy efficiency.
However, you can also earn money using your mobile phone. Mining on Android has its strengths and weaknesses, which we will now consider.
Is it possible to mine from a mobile phone today?
Before assessing the prospects, you should decide on a digital currency. Practice shows that for most users the priority is mining bitcoins. However, it is worth considering the fact that the smartphone’s processor power is not enough, so it is unlikely that you will make money. The main reasons for the low efficiency of mining BTC coins:
- The great popularity of the Bitcoin cryptocurrency is becoming a catalyst for a rapid increase in the difficulty of searching for blocks.
- There are a huge number of scammers distributing malicious applications for smartphones and tablets.
- Low performance of modern tablets and mobile phones compared to the power of farms.
Is it possible to mine Bitcoins? No one has the right to prohibit you from doing anything, but such work makes no sense. However, it is smarter to mine altcoins from your phone. For example, mining Monero will be a good source of profit. The coin is based on the CryptoNight algorithm.
The digital asset Monero appeared in 2014, and today it remains the most suitable for mining on Android. In addition, the value of the coin is constantly growing, for example, over the past year the price has increased by 100%.
The main advantages of mining cryptocurrency from a smartphone:
- There is no need to buy expensive equipment.
- Minimum requirements for mobile miners.
- Simple application setup system.
- No special skills are required to start the coin mining process.
Of course, there are also certain disadvantages. For example, a mobile phone will constantly overheat and the battery will drain quickly. The amount of earnings will be significantly lower than GPU mining.
Instructions
If, after much thought, you finally came to the conclusion that you didn’t buy a phone for a thousand bucks so that it would sometimes sit in stand-by mode and be lazy, and you decided to make it at least partially recoup the money invested in it using participation in mining, then you will have to follow a very sophisticated instruction:
- Through the AppleStore, you will need to install the XCode platform and log in to it.
- Here you will need the help of a computer. Naturally, Mac. You should connect your iPhone to your computer and make sure that the system identifies the device as trusted.
- You need to download the MobileMiner.ipa mining application from iOS AppSigner.
- A new project should be initiated in the XCode application.
- Next, we register the MobileMiner.ipa file in iOS AppSigner (here you may need a Provisioning Profile signing certificate, which you can also download from XCode). Click the Start button.
- Go to XCode, select Window - Devices & Simulators. In the latter, indicate the device – iPhone, click on “+” above the list of applications and select MobileMiner.ipa. If everything is installed correctly, the last application is initialized.
- Let’s make the transition: Settings – General – Profiles & Device Management; select a profile in the Developer App section. To prepare to activate MobileMiner, click on the “Trust” button.
- Make sure that your wallet is indicated in the MobileMiner program settings, as well as the pool address (specifically for mobile mining). It is also worth adjusting the intensity of CPU use - how many cores of your device you will allocate for mining.
- If everything is correct, then feel free to click “Start Mining”.
Purchasing and storing cryptocurrency through the Matbi application
Therefore, many may not be happy with this. However, this does not at all exclude the possibility of using a mobile device in the cryptosphere. For example, for buying, exchanging and storing bitcoins or altcoins.
For example, the recently released application from the exchanger-wallet “Matbi” of the same name allows you to do all this in its functionality. The program can be downloaded from the Play Market; more than a thousand users have already taken advantage of it.
Everything that can be done on the Matbi website is also available in the application:
- Buy cryptocurrency, exchange or sell, namely: Bitcoin (“Bitcoin”), Litecoin, DASH, ZEC, Ethereum (“Ether”), BCH, LINK, OMG, WAVES, XMR (“Monero”);
- exchanging cryptocurrencies for each other at the current rate;
- sending transfers in cryptocurrency;
- receiving cryptocurrency to the “Matbi” wallet, created automatically after registration by phone number or via email;
- cryptocurrency storage: the reliability of storing digital assets on the Matbi mobile wallet is ensured by a three-factor security system.
If the user has any questions, the Matbi team has prepared detailed video instructions.
Where is the best place to buy cryptocurrency?
For safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros.
The sites with the highest cash turnover are the most reliable. For several years now, Binance has been the largest cryptocurrency exchange in the world. The Binance platform is the most popular crypto exchange in the CIS, as it has maximum trading volumes, minimum commissions and supports transfers in rubles from Visa/MasterCard bank cards and payment systems QIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?
| # | Cryptocurrency exchange | Official site | Site assessment |
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.5 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | Yobit | https://yobit.net | 6.3 |
| 5 | OKEx | https://okex.com | 6.1 |
The criteria by which the rating is given in our rating of crypto exchanges:
- Reliability of operation
- stable access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the period of operation on the market and daily trading volume. - Commissions – the amount of commission for trading operations within the platform and withdrawal of assets.
- Reviews and support – we analyze user reviews and the quality of technical support.
- Interface convenience – we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Features of the platform are the presence of additional features - futures, options, staking, etc.
- The final score is the average number of points for all indicators, determines the place in the ranking.
Mining programs for Android
You need to start by creating a wallet for storing cryptocurrency. You can register on a stock exchange or other online service from your mobile phone. Mobile storages are also available for download; to do this, go to PlayMarket.
As for the program for mining on Android, you can familiarize yourself with the available options in the market. The installation and configuration process does not change depending on the selected application.
A prerequisite for mobile cryptocurrency mining is a stable smartphone connection to the Internet. Naturally, almost all the power of the gadget will be used by the software, so it is better not to use a smartphone during the mining process. For example, you absolutely won’t be able to play and get coins.
Remember that applications that offer captcha entry are faucets, that is, they have absolutely nothing to do with mining. We figured out how to mine coins on a smartphone, now let’s look at the most popular applications.
Bitcoin faucets review
The best Bitcoin faucets for Android for 2022:
Table 1. List of mobile phone faucets.
| Name | What does he pay for? | how much does he pay | expectation |
| Bitcoin NewsCrane | Request coins, read news, complete paid tasks. | Up to 45 satoshi. | 11 minutes |
| Storm Play | Request coins, install partner applications, complete tasks, watch ads. | Changes. | 30 minutes |
| BTC Safari | Requesting money, completing tasks. | Up to 100 satoshi (at the time of writing). | 20 minutes |
| Claim Free Bitcoin | Request, viewing advertisements, tasks. | Up to 1000 satoshi. | 15 minutes |
| Freebitco.in | Request for money, gambling. | Up to 0.023 BTC. | 60 minutes |
Bitcoin NewsCrane
The application has the right to be called one of the most popular: the number of installations, according to the Play store, is between 1 and 5 million, the program has a high rating and mostly positive reviews:
Figure 1. Program rating.
The program should be installed from the Google store (you can start the installation using the link above, you will need to log in to the service). After installation, the application will ask which mail account to use - usually this is the same one that was entered when you first started your Android phone.
After this, the faucet menu will become available, where you can get coins, check the balance and time before the request:
Figure 2. NewsCrane interface.
Immediately after launch, the user is credited with 1,800 CraneCoin – internal coins of the system. 1 SS is equal to 0.55 satoshi, at the current rate.
By clicking “Get CraneCoin” a certain amount in program tokens will be credited:
Figure 3. Coin request.
You can collect tokens every 11 minutes; the time remaining until the repetition is indicated by a percentage counter at the top of the screen.
The reward can be multiplied:
- viewing news in the tap interface;
- watching suggested promotional videos;
- referral program.
Figure 4. News in CraneCoin.
To withdraw, you need to collect an amount of 400 thousand CraneCoin.
There is a referral system: you can invite other users and receive 3 bonus CC for a coin request made by a referral.
In addition to the listed features, you can track the Bitcoin exchange rate in the interface. The program has convenient and intuitive controls.
Storm Play
Another application that allows you to earn free bitcoins.
Figure 5. Storm Play greeting.
The program developer took a responsible approach to the security of user data: a two-step authentication system is provided for the login. First you will need to log in with your Google or Facebook account:
Figure 6. Registration in Storm Play.
Next, you will need to select a country from the list and enter a phone number:
Figure 7. Entering a number.
A verification code will be sent to the specified phone number, which should be entered in the next step. Next, the system will ask you to create a nickname, then move the user to the main system window.
Figure 8. Main window
StormPlay will immediately prompt you to enter the address of the ERC20-compatible wallet where the money will be withdrawn:
Figure 9 Warning about creating a wallet.
Figure 10 Updating the profile and entering the BTC address.
After completing all the procedures, the user will be able to request funds every 30 minutes, received in Bolts, the local currency. Then they can be withdrawn to wallets.
Figure 11 Request for funds.
Important: to withdraw BTC you need to have an account in CoinBase or Xapo.
You can output to:
- ether;
- bitcoin;
- Storm's own tokens.
BTC Safari
To get started you will need to register:
Figure 12 Registration in BTC Safari.
Next, you will need to fill out your profile details, including your Bitcoin address:
Figure 13 Completing registration.
After this, the main functionality of the application will become available.
Figure 14 Crane interface.
The minimum withdrawal from this faucet is 2,000 satoshi.
Important: at the time of writing this faucet allows you to win up to 100 Satoshi with an interval of 20 minutes. The winning amount, waiting timeout and minimum withdrawal amounts vary depending on the BTC rate at the discretion of the site owner.
Minergate
Minergate is a cryptocurrency mining pool that allows you to participate in the search for blocks from various devices, including smartphones and tablets. The server distributes calculations between participants, and then pays rewards for the blocks found and the balls sent. Profits are distributed in proportion to the contribution of each miner.
As mentioned earlier, mobile device processors do not have enough power, so you should not count on colossal profits.
Instructions for installing and launching Minergate Mobile Miner:
- We find the application in the market and install it.
- Launch the program and close the advertisement.
- Log in to your personal account or register in the system.
- Be sure to create and enter a security PIN code.
- The latest versions of the application are Russified, the language bar is located in the lower left corner.
- Go to the settings and set the number of threads in accordance with the number of processor cores.
- Select one of the proposed digital currencies and start mining.
Each user will be able to regulate the rate of cryptocurrency mining and, accordingly, the load on the central processor.
A few words need to be said directly about power. The Minergate application provides mining of crypto coins at a very modest speed of 9 H/s. Provided that the mobile phone is equipped with a 4-core MediaTek MT6737 processor. In about 24 hours, a user can earn about 1 ruble, so mining digital currency on Android is primarily entertainment rather than real earnings.
Best Games to Earn BTC
You can mine the most famous cryptocurrency in games. True, they also pay for viewing advertisements. It is not without reason that they say that advertising is the engine of progress.
Here are a couple of games that don’t bother you too much with advertising and still pay!
Bling Financial
Bling Financial is a young and developing project that makes intellectual games. They have already released a few that are similar to a game called match 3 and are quite playable.
To withdraw funds, you need to accumulate 1000 game coins, which is approximately 80-90 satoshi. In terms of rubles, about 50-60 kopecks. They accumulate over a couple of days.
- Can be installed: Android;
- Withdrawal methods: Coinbase exchange;
- Minimum withdrawal: 1000 coins;
- Review rating: 4.4 out of 5.
Phoneum
Phoneum is a mobile cryptocurrency built on top of Ethereum. They say that this is a very ambitious startup and its price should go up! At the start, one coin cost $0.00018.
At the time of writing, the price has dropped to $0.000065 per coin. But in their games you can earn 100-200 PHT per day. This is approximately 50 kopecks per day. Which is generally an acceptable amount for the mobile industry.
- Can be installed: Android;
- Withdrawal methods: PHT wallet, PROBIT;
- Minimum withdrawal: 20,000 PHT;
- Review rating: 4.4 out of 5.
NeoNeonMiner
The application supports 18 algorithms, so the choice of coins available for mining is extremely extensive. The program allows you to mine several dozen different coins on the machine. The main feature and advantage of the NeoNeonMiner application is its independence from pools.
However, there are also disadvantages. Like other programs for mobile mining, the application in question is not capable of providing high speed cryptocurrency mining. In addition, there is no option to disable advertising banners.
On the most powerful smartphones, the speed reaches 2 KH/s; naturally, this is noticeably more than the Minergate pool can offer, but still this indicator is not enough for stable earnings. The smartphone gets very hot during operation, which may ultimately cause the processor or other hardware components to burn out.
What are your smartphone's hash rates
This is the speed at which a mobile device mines cryptocurrency. Miners call this value the hashrate. It is measured in hashes per second - H/s.
The hashing speed depends on the characteristics of the smartphone. A powerful processor or video card of the phone gives a high hash rate.
For clarity, we suggest comparing the hashrates of popular flagships:
| Smartphone model | Hashrate (H/s) |
| Huawei Mate 9 | 50 |
| Samsung Galaxy S7 | 45 |
| Xiaomi Redmi Note 3 | 35 |
| Samsung Galaxy S5 | 15 |
On a note! Mining farms have a hash rate on average of 1000 TH/s. This is several times higher than what smartphones give out.
Coinhive Monero Miner
Another popular mobile application designed for mining the XMR cryptographic coin. Beginner miners may encounter certain difficulties, since there is no Russian version of the software.
The application was developed by the Coinhive pool. The maximum mining speed is 17 H/s. According to this indicator, the application occupies a leading position among alternative options. The software is available for download in the market.
It is worth noting the presence of detailed statistics. For example, the software menu displays the CPU load. Therefore, each user will be able to control the load on the equipment.
Income and does it make sense?
As an example, three applications for mining cryptocurrency on a smartphone were considered, but there is much more similar software. In principle, there cannot be two opinions regarding cryptocurrency mining on mobile devices. The computing power of a smartphone is not enough for a stable income, so this idea makes no sense.
In no case can we say that the applications do not work, since they actually function correctly. Mostly, the development of mobile extensions for cryptocurrency mining is carried out by pools that you can trust. However, Bitcoin mining is only profitable if you have a powerful farm.
As for altcoin mining, the potential income is still extremely small. At best, you will earn only a few rubles per day, and the service life of your smartphone will be significantly reduced. Do not forget that the battery has a limited charge cycle.
Mobile phone CPUs are not designed for such heavy loads. Passive cooling is not able to provide effective removal of thermal energy, as a result of which a huge number of various problems arise.
It makes sense to mine Bitcoins only if you have powerful equipment. The priority option is integrated circuits. If you do not have the necessary equipment, but have a desire to mine coins, then cloud mining is suitable for you. Mining cryptocurrency on a smartphone is nothing more than entertainment.
Conclusion
Mining cryptocurrency on a smartphone is not at all advisable. For the sake of “kopecks,” a mobile miner puts his gadget at risk, risks damaging its battery and processor, and faces the need to send the device for expensive repairs. The income is very small: if the user tries to calculate how much money he spends on paying for electricity to recharge his smartphone, he will find that there is no profit at all .
A user who decides to try to turn his Android smartphone into a mini-farm for mining should be as careful as possible when choosing a mobile application. Many mining programs on your phone are flagged by antivirus software as unreliable, which is a warning sign. If you stumble upon scammers, you will lose even the minimal profit that cryptocurrency mining on a smartphone can bring.
