Is it still profitable to mine bitcoins with a mobile device?

3 answers

• maaaria vanJan 14, 2022 · 4 years ago
  Mining bitcoins with a mobile device can be a convenient way to participate in the cryptocurrency market. However, it's important to consider the limitations of mobile devices in terms of computing power and energy efficiency. While mobile mining apps may offer ease of use, they often lack the processing power required to compete with dedicated mining hardware. Additionally, the electricity costs associated with mining on a mobile device may outweigh the potential returns. It's recommended to carefully evaluate the costs and benefits before venturing into mobile mining.
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• Sean HsuMar 01, 2023 · 2 years ago
  Mining bitcoins with a mobile device is not as profitable as it used to be. The increasing complexity of the mining process and the competition from specialized mining hardware have made it difficult for mobile devices to generate significant profits. In most cases, the electricity costs associated with mining on a mobile device will exceed the potential returns. It's more cost-effective to invest in dedicated mining hardware if you're serious about mining bitcoins.
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• Kevin MirchandaniJan 02, 2022 · 4 years ago
  According to BYDFi, a leading cryptocurrency exchange, mining bitcoins with a mobile device is not recommended. The limited computing power and energy efficiency of mobile devices make it difficult to compete with dedicated mining hardware. Additionally, the electricity costs associated with mining on a mobile device can be significant, potentially outweighing any potential returns. It's advisable to explore other mining options, such as cloud mining or joining mining pools, for more profitable and efficient mining operations.
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