As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
I've heard a joke that Samsung Galaxy X10 would be a first smartphone with integrated and built-in cryptocurrency wallet to store your crypto but every joke has a part of Truth, isn't it?
Except if it's pure BS and has no source?
I looked up Samsung Galaxy X10 and there are no relevant results. You shouldn't just believe people's posts in here. You have to look it up so you wouldn't be misinformed.
This is actually quite an interesting article. I never thought that much about using old phones. For some reason I was thinking about people using their personal device or purchasing phones specifically for mining. It's quite interesting that it was actually Samsung itself that did it. I'm sure they have the most access to phones. Haha. They said that 8 Galaxy S5 phones could mine better than a standard desktop computer. It still seems like it would take a long time to get more value out of the phones than you could sell them on eBay. Using old phones for different projects is really cool though. I liked the fish tank bit at the end of the article.
And 8x Galaxy S5 costs? It costs way more than a standard desktop computer. And to think that you can only get them in secondhand, it's going to die rather quickly. Why do people keep on pushing the mining with Smartphone idea when you can just build a PC for mining if you wanna mine bitcoins? I mean I get the idea that it's cool to mine with something that we already have but even if it's become possible, it's just not worth destroying your phone for something that you think is cool.
Exactly bitcoin mining on a smartphone will be impossible to realize, but some other coin - why not. I guess big smartphone producers are already thinking about their own coins, like Apple coin, which will be possible to mine on the smartphone of this firm.
Actually they kind of already have that. In a way, Samsung Pay and Apple Pay are like that. They are both digital currencies just like cryptocurrencies.