Mining Bitcoin on mobile is possible, but it’s not as profitable as mining with a dedicated rig. Mobile devices simply don’t have the processing power to compete with dedicated mining hardware.
However, if you’re just starting out in the world of Bitcoin mining, mobile mining can be a good way to get your feet wet.
In this article, we’ll take a look at how mobile mining works, and whether it’s worth your time and effort.
How Mobile Mining Works
Mobile mining is the process of mining for Bitcoin using a smartphone or tablet. This can be done through specialised Bitcoin mining apps, or by using generic Android or iOS apps that have been designed to allow for Bitcoin mining.
In either case, the process works in pretty much the same way. Your device will connect to a Bitcoin mining pool, and then use its processing power to help contribute towards solving blocks.
As a reward for their efforts, miners are rewarded with a small amount of Bitcoin.
The main difference between mobile and desktop mining is that mobile devices have far less processing power than even the most basic desktop computer. This means that it takes longer to mine each block, and as a result you’ll earn less Bitcoin overall.
Is Mobile Mining Profitable?
The short answer is no – mobile mining is almost never going to be profitable. The long answer is a little more complicated.
If you live in an area with cheap electricity, and you don’t mind having your phone or tablet turned on 24/7 (which will quickly drain its battery), then you might be able to make a small profit from mobile mining. However, even in these ideal circumstances, you’re unlikely to earn more than a few dollars per month.
And if your electricity costs are even slightly higher than average, then mobile mining will almost certainly not be worth your while.
Conclusion – So Is Mobile Mining Worth It?
Probably not. Mobile mining is only really worth it if you have very cheap electricity costs, and you don’t mind having your phone or tablet turned on 24/7.
Even then, you’re unlikely to earn more than a few dollars per month from mobile mining. If your electricity costs are even slightly higher than average, then mobile mining is almost certainly not worth your while.