Topic: Mining coins from your phone - page 2. (Read 1732 times)
Just save up for a miner, I would imagine it would take forever comparing performance.
No, phones aren't suitable for mining Bitcoin. Mining Bitcoin really boils down to do stupid calculations in order to achieve a means of finding a consensus! Even if you integrated Bitcoin/SHA256 ASICs in phones, they'd need a lot of power. Why building those things into a phone? If people wanted to do that (which most won't) they would be better of with a dedicated device!
I see that the companies (like in any other tech field) are trying to reduce the size, but increase the quality.
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
The only way I can see this work is if there is a smartphone coin, which you can only mine with a smartphone. Otherwise asic is like godzilla for smartphone..
Given the fact how many fans the altcoins have, maybe there really is no future for any other alternative of bitcoin lol
I see that the companies (like in any other tech field) are trying to reduce the size, but increase the quality.
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
The only way I can see this work is if there is a smartphone coin, which you can only mine with a smartphone. Otherwise asic is like godzilla for smartphone..
Yeah, my question was provoked more of the innovative aspect which involves minimalism in almost anything.
you wouldnt earn much to be honest.
I see that the companies (like in any other tech field) are trying to reduce the size, but increase the quality.
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
There are already post where people use phone to mine coin, but the hash is so low that you shouldn't spoil your nice phone..
I see that the companies (like in any other tech field) are trying to reduce the size, but increase the quality.
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
It's already possible, but a little pointless and more of a novelty thing. ASICs are of course far more efficient than any other device when it comes to mining, they will produce the most hashes per watt used, and become more efficient as time progresses.
The primary point is that hashing, doing the work, has to be financially expensive and costly as that is what keeps the blockchain secure. If bitcoin or any other coin were secured by mobile device GPUs then mounting an attack with custom hardware would be very feasible and very cheap.
A hash matching a difficulty is just proof that some work has been done, it's the work itself that secures the blockchain.
I see that the companies (like in any other tech field) are trying to reduce the size, but increase the quality.
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
Do you think that at some point the bitcoin mining can evolve into a process that can be executed by a smartphone or a device of that size without the need of extreme power supply? And what's the future of the bitcoin mining hardware?
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