Pages:
Author

Topic: It Takes 14 Million Android Phones to Earn One Bitcoin (Read 2918 times)

sr. member
Activity: 266
Merit: 250
I wonder if there are 14 million people retarded enough to mine on their phone...

flappy bird.
This would actually be an interesting idea to get devs of games to earn a little bit of bitcon (no pun intended). Instead of showing ads on games they could have users' phones mine bitcoin while they are playing the game. This would actually better users' game experience and profit game devs at the same time.
sr. member
Activity: 266
Merit: 250
Math is VERY wrong.
sr. member
Activity: 406
Merit: 250
Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.


HAHA I cant imagine sitting there doing all of the calculations by hand.
It would take AGES. I would probably die before I ever found a block lol.
member
Activity: 74
Merit: 10
It might be interesting to see the numbers for a coin using an algorithm where the mobile chip isn't at as much of an extreme disadvantage.  A virus that returns anything is more attractive to the author than one that returns nothing, so despite the miniscule returns, I'd expect to see more of this.

This. I wonder how many phones would be needed to mine something like Primecoin or Bytecoin/Monero which unlike Bitcoin, can still be mined with CPUs and GPUs. These coins can then be traded for Bitcoin on an exchange. I would think that far, far less than 14 million phones would be required to earn a bitcoin that way.
hero member
Activity: 1582
Merit: 502
It does not take 14m Android phones to earn one BTC.

It takes a good and cunning developer and a great game idea.
A game that becomes addictive....

That's all it takes Wink

newbie
Activity: 4
Merit: 0
I wonder if there are 14 million people retarded enough to mine on their phone...

flappy bird.
full member
Activity: 168
Merit: 100
Very interesting number and crazy. But of course you gotta use the right tool for the right job. Mining with a mobile phone is obviously a horrible idea.

Yeah but if you got lucky and hit the jackpot, you'd be a legend.
member
Activity: 82
Merit: 10
Dumbest article. Being mentioned by a poor writer with bad research isn't always good. In this case, it's a wash.

To each his own. The article was half for entertainment purposes. Any publicity is good publicity.
full member
Activity: 193
Merit: 117
HODL
It might be interesting to see the numbers for a coin using an algorithm where the mobile chip isn't at as much of an extreme disadvantage.  A virus that returns anything is more attractive to the author than one that returns nothing, so despite the miniscule returns, I'd expect to see more of this.
jr. member
Activity: 34
Merit: 10
Mobile mining...another stupid idea  Sad
newbie
Activity: 38
Merit: 0
Dumbest article. Being mentioned by a poor writer with bad research isn't always good. In this case, it's a wash.
hero member
Activity: 812
Merit: 500
My point was simply to show that measuring hashing capabilities of undapted things is limitless and VERY retarded.

Flash news: It would take a cucumber 19 trillions years to mine a bitcoin. Yeah cool story.

Stop overthinking my ''hand mining'' thing lol.

Im glad you guys liked my joke.
sr. member
Activity: 406
Merit: 250
Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.



THis cracked me up. Imagine doing a hash by hand and by some crazy miracle it's the block...Talk about luck
You would still need to propagate it to the network before someone else does in order for it to be included in the blockchain. I would also think that it would likely take more then 10 minutes to calculate a hash by hand, making the hash worthless regardless.
legendary
Activity: 1218
Merit: 1007
Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

I thought they moved over ages ago when the ASICs started making the difficulty explode and making it pointless to mine using a GPU? Not to mention now, given that there are scrypt ASICs it kind of defeats the purpose of having an altcoin that is 'ASIC resistant' as they were touted.

@OP: Other than it being an interesting piece of trivia, I fail to understand the relevance this has aside from telling us how difficult it is to mine...
Well ASIC resistant doesn't mean ASIC proof.

It did require a bit more R&D to create the ASICs, but did it take a longer time to develope them as opposed to the SHA-256? If it did take longer, that's where you get your ASIC resistance from.

All algorithms will most likely have ASICs developed for them, eventually, but it will take far longer for some algorithms as opposed to others. Now I can't guarentee that, as most likely some new algorithm that's either ASIC proof or extremely difficult to replicate will be invented and distributed, but for the time being, it is going to be a lot of ASICs for different algorithms.

Does Darkcoin have any ASICs in R&D yet?
hero member
Activity: 742
Merit: 502
Circa 2010
Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.

I thought they moved over ages ago when the ASICs started making the difficulty explode and making it pointless to mine using a GPU? Not to mention now, given that there are scrypt ASICs it kind of defeats the purpose of having an altcoin that is 'ASIC resistant' as they were touted.

@OP: Other than it being an interesting piece of trivia, I fail to understand the relevance this has aside from telling us how difficult it is to mine...
full member
Activity: 154
Merit: 100
BUYING ANTMINER S1!!!
Hashing by hand.... sounds interesting, but pointless.
Just throw TH equipment and boom.
sr. member
Activity: 342
Merit: 250
Personally i mine by hand.

I send my shares via registered mail to the bitcoin foundation.

They said it would take 14 million years to mine a bitcoin that way.

Brb i'll write an article about how fucking retarded i am.



THis cracked me up. Imagine doing a hash by hand and by some crazy miracle it's the block...Talk about luck
legendary
Activity: 1540
Merit: 1000
The ironic thing is that with that exact phone they could just as easily take a few jobs on the internet for Bitcoins or just buy it on an exchange for much less effort. I don't understand why these people act so surprised when they can't make millions from a standard PC or Laptop, I don't even know that much about computers but I know how difficulty works and when you take that into account it's not at all surprising that mining off these things is pointless.

Think about it, why do you think a load of miners are now just transferring over to scrypt and giving up on the SHA-256 coins, it's because the difficulty is too high and they know already from the maths that it won't be worth it.
legendary
Activity: 1526
Merit: 1034
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
Maybe the big phone manufacturers could start putting ASIC chips in the phones they sell and profit that way. Just one chip per phone, and it would be a small chip so the phone doesn't get too hot. It would stay dormant in normal use and would only be activated during times when the phone is fully charged but still connected to a charger. That way, the customer doesn't notice.
This is actually bloody genius.
I disagree: "smart" TVs are where it is at.
  • They are already built to betray the user (implementing an alphabet soup of DRM including DTCP and HDMI).
  • They are already known as power hogs even in standby mode (so that they can download programming guides an respond to voice commands)
  • They already have internet access (required to get Blu-ray playback working again after your device is revoked, also services like netflix): likely cheaper than mobile Internet.
  • Because these things are always plugged in and active, you can even use an off-the-shelf chip drawing 3-5W.


This is a pretty cool idea but if they get caught doing it well I smell a lawsuit lol. This is quite a interesting fact about that I still remember way back in the day mining a few LTC off my old android phone.
Pages:
Jump to: