The Disadvantages of Mining Cryptocurrency with a Mobile Phone
When it comes to cryptocurrency mining, most people immediately think of professional, high cost equipment machines that can cost several thousand dollars. Although it is technically possible to mine cryptocurrencies using a mobile phone, the reality is that this method is neither efficient nor economically reasonable.
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Table of Content
- Platforms and devices
- Mining software for Android
- DroidMiner crypto mining app
- Electroneum mining
- Costs
- Is this method profitable?
Platforms and Devices
Unfortunately, there are not many cryptocurrency mining applications available for iPhone or iPad. Although a few “mining games” can be found on the Apple App Store, they are neither as effective as Android versions nor do they have high ratings.
Cryptocurrency Mining Software for Android
There are many crypto‑mining applications for Android, but Google Play has recently removed all of them. Currently, the only mining app that is still available on Google Play is the Electroneum mining application. However, besides Electroneum, we will introduce one more mobile‑mining app below.
DroidMiner Cryptocurrency Mining App
The DroidMiner BTC/LTC/DOGE Miner application can mine any cryptocurrency that uses the SHA‑256 or Scrypt algorithm. The app costs 0.99 USD to download and has been installed over 10,000 times. However, user reviews are not very positive. Its average rating is around 3 stars.
Based on user feedback, even high‑end devices such as tablets can only generate around 1 MH/s using this app. Many users have also reported that the application drains the device’s battery extremely quickly.
Electroneum Mining
The Electroneum application is considered a better option by users compared to the previous app, holding an average rating of about 3.8 stars. It has been downloaded over one million times, and downloading it is completely free.
Electroneum is actually the first cryptocurrency for which a dedicated mobile mining application was launched. According to user feedback, this app can achieve a maximum mining rate of around 50 hashes per second, although this rate may drop to about 30 hashes per second. Through this application, users can mine Electroneum virtually using their mobile phones.
Many users have successfully mined Electroneum with this app, but some have reported being unable to transfer their coins to their wallet if their balance exceeds 10 Electroneum. As a result, many accounts have been left in limbo. The development team is aware of this technical issue and is working to resolve it.
Well-known mining pools such as MinerGate have also offered mobile mining applications. However, since Google Play has removed these apps, we are unable to introduce them here.
Costs
If you plan to use your mobile phone for cryptocurrency mining, you should also be aware of the potential costs involved. Although purchasing a phone or tablet is far cheaper than buying specialized mining hardware, mining consumes a significant amount of electricity and may cause your device to wear out quickly. So far, no evidence suggests that the amount of cryptocurrency mined during a device’s lifespan can compensate for its purchase cost.
Additionally, the cost of mobile data packages is another expense to consider. While it is possible to reduce mobile data consumption by connecting the phone to home Wi-Fi, this limits mobility because the device must remain connected to Wi-Fi to continue mining.
Energy consumption is another crucial factor, as mining requires the device to be charged frequently.
Is This Method Profitable?
Given the combination of high energy and mobile data costs, along with the limited processing power of smartphones, mining cryptocurrency with a mobile device is not economical and offers poor returns.
Although we will likely see improvements in the computational capabilities of smartphones and tablets, as well as the efficiency of their mining applications, it is unlikely that these devices will become competitive with traditional mining methods.
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