Does mobile cryptocurrency mining work?
You can mine crypto on phone, but not the way you do it with mining software or hardware. Cryptocurrencies can certainly be mined in this way, but you will not make a profit like you might expect from mining cryptocurrencies. The reason for that is pretty simple, and it’s related to the maximum power that a smartphone may offer you. It is possible to mine crypto on a mobile phone, but you will fall behind all the people who use PCs to do this.
Cryptocurrency mining requires large amounts of computer processing power or GPU power in order to validate blockchain transactions. Energy is consumed in the process of mining cryptocurrencies.
One solution to the challenge, if you really want to mine crypto on phone, is to join a mining pool or mobile mining farm, which are groups of miners joining hashin power to have a better chance for reward. However, any Bitcoin you mine in this way needs to be shared among all users. A mining pool takes a percentage of the Bitcoin (usually 1-2).
How to mine crypto on the phone and earn money?
It’s still possible to mine crypto on the phone and earn a decent amount of money. How to achieve that? It’s recommended to use a crypto investment platform, such as ECOS, which offers everything you need for cloud mining – cloud bitcoin mining, buying equipment with high hash power, crypto wallet, exchanger, and cryptocurrency portfolios.
There is no need for expensive equipment or high levels of technical knowledge to mine crypto on the phone. It is much cheaper to rent processing power rather than purchase hardware and pay for electricity.
If Bitcoin’s price grows to $150,000, you can earn up to 170% per year by using cloud mining. Cloud mining is absolutely safe, as long as you use the services of reputable companies, to avoid scam. To start cloud mining it’s enough to buy a mining contract, and then start to mine crypto on the phone.
To start cloud mining it’s enough to register to the platform, buy a mining contract, and get into the account dashboard where you have full control over your current balance, today’s gain amount, the hash rate, the daily gains chart, and the list of your contracts. You can also buy new contracts, a mining device, or withdraw money.