mining with smartphone - page 6. | Bitcointalksearch.org

guizai

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Quote from: leevalle on August 05, 2014, 01:52:25 PM

So say i have the money to spend on money, which i dont,, how much would it actually cost me to get started and how much btc would i get?

it will cost tens of thousands of dollars.. and you be sure that you wont ROI within months or years.. Buying BTC straight from exchange might give you a chance. Tongue

BitcoinAddicts

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Quote from: InwardContour on August 05, 2014, 04:31:31 PM

Mining is unprofitable for people with rigs of powerful videocards, if you try to use a smartphone to mine the result will be even worse because you could find a wallet stealer in the app...

It can be profitable if someone come out with phone mining only coin...

ANTIcentralized

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Quote from: InwardContour on August 05, 2014, 04:31:31 PM

Mining is unprofitable for people with rigs of powerful videocards, if you try to use a smartphone to mine the result will be even worse because you could find a wallet stealer in the app...

I don't think there is a very high chance of any kind of wallet stealer in the app as you would obviously use an open source app. However this will not work as smartphones are not powerful enough to mine any significant amount of coins. Also any blocks found by the phone would have a higher chance of getting orphaned due to the larger delay when transmitting data via the cell network.

techman

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Latest smartphone can be using for mining but only 1 or 2 kh/s. This is too low I know but what about 100.000 smartphone. Especially If you are using Android phone be careful while you are downloading free games or application. Don't forget, "If product is free, now you're product"

michaelwang33

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Quote from: techman on August 05, 2014, 04:56:22 PM

Latest smartphone can be using for mining but only 1 or 2 kh/s. This is too low I know but what about 100.000 smartphone. Especially If you are using Android phone be careful while you are downloading free games or application. Don't forget, "If product is free, now you're product"

If you were to mine any coin (including bitcoin) with your smart phone at this hashrate, you would likely use more electricity then the value of the coins you produce, while damaging your phone in the process.

InwardContour

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Mining is unprofitable for people with rigs of powerful videocards, if you try to use a smartphone to mine the result will be even worse because you could find a wallet stealer in the app...

odolvlobo

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Quote from: leevalle on August 05, 2014, 01:52:25 PM

So say i have the money to spend on money, which i dont,, how much would it actually cost me to get started and how much btc would i get?

It takes knowledge and experience to profit from mining. The more money a newbie spends on mining, the more he will lose. So, to answer your question, I recommend you spend $0 to get started. Try mining alt coins with your GPU first.

niktitan132

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Do not mine with your smartphone,you will destroy it.

Velkro

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Quote from: hilariousandco on August 04, 2014, 01:58:28 PM

No, it's not. It's not even possible without dedicated equipment so it's not going to be on a phone. Mining is out of reach for pretty much most people now.

Its possible but only for fun, not earnings of any kind.

ThomasCrowne

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★☆★ 777Coin - The Exciting Bitco

Quote from: leevalle on August 05, 2014, 01:52:25 PM

So say i have the money to spend on money, which i dont,, how much would it actually cost me to get started and how much btc would i get?

That totally depends. You can purchase as little as $5 worth on coinbase assuming your a US resident. Similarly you could probably find somebody willing to sell you small portions of BTC via localbitcoins.com as well in your local area if it's a fairly large city.

leevalle

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So say i have the money to spend on money, which i dont,, how much would it actually cost me to get started and how much btc would i get?

giveBTCpls

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Mining with an ASIC is like pissing in a sea of pee these days, imagine if you were to mine with the hashing power of a smartphone. The mining game belongs to early big ASIC cartels.

OptimusPrime7

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Quote from: leevalle on August 04, 2014, 01:41:37 PM

Is it possible to mine using a smartphone? Ive seen some mining apps and curious if anyone has actually tried it

It is possible but don't make your phone explode, they are not meant for high heat..

elliwilli

sr. member

Activity: 307

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et rich or die tryi

Yes it is possible. there are mining applications of android BUT and it is a very bug BUT
There is no way in hell you will make any kind of profit from it.
Even a top of the line tablet like a nexus 7 gets about 10 mhash.

odolvlobo

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Quote from: leevalle on August 04, 2014, 03:16:29 PM

So mining is no bueno? But when i look at blockchain.info i see hella transactions. Whats the most convenient way of aquiring bitcoins without mining or faucets?

Buy them.

atc1

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Do you want a heater or are you so rich that you can afford a new phone every now and then? Either way,I doubt that some apps actually mine. I think they may simply steal the keys of any associated wallet on the phone that you have installed.

oceans

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Not possible at all to mine with a smartphone unless you were planning on frying the phone. It's pretty impossible for anyone to mine now without having the right equipment.

leevalle

newbie

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Quote from: Possum577 on August 04, 2014, 04:02:09 PM

Quote from: leevalle on August 04, 2014, 03:58:09 PM

Quote from: FUR11 on August 04, 2014, 03:31:51 PM

Not possible at all. People, this is like using a straw, trying to drain the Pacific Ocean! Really, run the numbers... Sure, this is the beginners forum, but it still amazes me how people can even start to believe that mining with a phone could be profitable at all.

What amazes me is how some people think theyre better than others simply because they know more about certain things. If everyone tried doing that, everyone would be dead from dehydration, too much salt. And plus its not just pacific ocean youd be drinking cause its connected to all other oceans and seas.

Yeah, but I don't believe you've actually run the numbers - show me the numbers, damnit. Run them! NOW!

I hope you're joking about the first part of your response because the drain the ocean analogy is a pretty good one. (And obviously accurate.)

I couldnt run tthem. I may have misplaced their legs. No for real tho. No offense to anyone .

Possum577

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Loose lips sink sigs!

Quote from: leevalle on August 04, 2014, 03:58:09 PM

Quote from: FUR11 on August 04, 2014, 03:31:51 PM

Not possible at all. People, this is like using a straw, trying to drain the Pacific Ocean! Really, run the numbers... Sure, this is the beginners forum, but it still amazes me how people can even start to believe that mining with a phone could be profitable at all.

What amazes me is how some people think theyre better than others simply because they know more about certain things. If everyone tried doing that, everyone would be dead from dehydration, too much salt. And plus its not just pacific ocean youd be drinking cause its connected to all other oceans and seas.

Yeah, but I don't believe you've actually run the numbers - show me the numbers, damnit. Run them! NOW!

I hope you're joking about the first part of your response because the drain the ocean analogy is a pretty good one. (And obviously accurate.)

leevalle

newbie

Activity: 42

Merit: 0

Quote from: FUR11 on August 04, 2014, 03:31:51 PM

Not possible at all. People, this is like using a straw, trying to drain the Pacific Ocean! Really, run the numbers... Sure, this is the beginners forum, but it still amazes me how people can even start to believe that mining with a phone could be profitable at all.

What amazes me is how some people think theyre better than others simply because they know more about certain things. If everyone tried doing that, everyone would be dead from dehydration, too much salt. And plus its not just pacific ocean youd be drinking cause its connected to all other oceans and seas.

Topic: mining with smartphone - page 6. (Read 6257 times)