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Topic: mining with smartphone - page 7. (Read 6257 times)

sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
August 04, 2014, 03:37:34 PM
#10
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?

Signature campaigns and 100% POS coins. (I just participated in Premine Plus Coin and GroupCoin).

Well, he could simply buy some BTC on an exchange. It's quite simple and you actually have a decent stash of money afterwards (depends on how much you are willing to put into BTC...)
legendary
Activity: 1134
Merit: 1002
August 04, 2014, 03:37:21 PM
#9
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?

Obviously people can mine less there would be no bitcoin transactions, but it's not possible to be profitable unless you spend tens of thousands on mining equipment.

Even if you spend tens of thousands USD to buy the newest ASICs, it may not be a profitable investment as the profit depends on your electricity cost, your luck (if you are solo-mining), difficulty in the future, used ASIC price (if you are selling the ASIC when it is not efficient enough), etc.
hero member
Activity: 700
Merit: 500
August 04, 2014, 03:33:56 PM
#8
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?

Signature campaigns and 100% POS coins. (I just participated in Premine Plus Coin and GroupCoin).
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
August 04, 2014, 03:31:51 PM
#7
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.
1K
member
Activity: 64
Merit: 10
August 04, 2014, 03:20:24 PM
#6
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?

Obviously people can mine less there would be no bitcoin transactions, but it's not possible to be profitable unless you spend tens of thousands on mining equipment.
newbie
Activity: 42
Merit: 0
August 04, 2014, 03:16:29 PM
#5
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?
hero member
Activity: 700
Merit: 500
August 04, 2014, 02:56:02 PM
#4
You won't mine nothing with a few years old PC, so don't think that you will mine anything with smartphone even if mining could be possible.
hero member
Activity: 635
Merit: 500
BlasterKVs the king of xbox modding
August 04, 2014, 02:16:51 PM
#3
even if it was possible then it was like frying your phone at high temp Tongue
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
August 04, 2014, 01:58:28 PM
#2
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.
newbie
Activity: 42
Merit: 0
August 04, 2014, 01:41:37 PM
#1
Is it possible to mine using a smartphone? Ive seen some mining apps and curious if anyone has actually tried it
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