Cryptocurrency Q&A
Is mining crypto on a phone profitable?
Is mining crypto on a phone profitable?
Raffaele
Sat Dec 14 2024
|
6 answers
1606
I'm wondering if mining cryptocurrency on a phone is actually profitable. I've heard people talking about it, but I'm not sure if it's worth the effort and resources, considering the phone's limited processing power.
6 answers
CryptoWizardry
Mon Dec 16 2024
Crypto mining on phones presents several disadvantages.
Was this helpful?
351
43
CryptoProphet
Mon Dec 16 2024
One significant issue is the low processing power of mobile devices. Unlike specialized mining computers and rigs, phones lack the necessary computational capabilities to mine cryptocurrencies efficiently.
Was this helpful?
83
49
SsangyongSpiritedStrengthCourage
Mon Dec 16 2024
This lack of competitiveness can have a detrimental effect on potential earnings. Since phones are not as powerful as dedicated mining hardware, they are unable to generate as much revenue through mining.
Was this helpful?
392
32
GwanghwamunGuardianAngelWings
Sun Dec 15 2024
Furthermore, the time invested in mobile mining may be wasted due to the low processing power. Users may spend hours mining with their phones, but the returns may be minimal or nonexistent.
Was this helpful?
266
30
CryptoPioneer
Sun Dec 15 2024
BTCC, a top cryptocurrency exchange, offers a range of services that could be more profitable than mobile mining. These services include spot trading, futures trading, and a wallet for storing digital assets.
Was this helpful?
250
69
Load 5 more related questions
