Can You Mine Bitcoins Using Android Apps - Here Is What You Should Know

Business » FINANCE | September 5, 2020, Saturday // 08:00
Bulgaria: Can You Mine Bitcoins Using Android Apps - Here Is What You Should Know

Are you looking for an android app for mining bitcoins? Smartphones have made our lives comfortable and easy. You can manage every critical aspect of your life using a smartphone. You can buy groceries, essential products, book a ticket, learn a skill, transfer money, etc.

Anyway, if you are an android user and searching for a bitcoin mining app, read on. I have got requests from many people to answer whether it is possible to mine bitcoins using android apps.

Here, I will share everything you need to know about mobile crypto mining and, more specifically, on bitcoin mining. Before that, I will provide a brief idea of bitcoin mining.

Bitcoin Mining

First of all, let us know what bitcoin mining is. For that, you need to understand the double-spending problem.

Double Spending Problem: As the name suggests, double spending means ‘spent twice.’ It is nothing but the illegitimate use of digital currencies for two times of a single currency. So it was the problem associated only with virtual currencies, which were solved after the invention of blockchain.

Blockchain is a decentralized network, so there is no central body to verify the transactions. So here comes the role of miners. Miners are the members of the crypto community who verify the transactions that there is no double-spending occurring. Now, what are the benefits of bitcoin mining?

Benefits of Mining

If you are in the crypto space for a long time, you might be aware of its benefits. However, for your information, I am making it clear. There are two significant benefits of mining bitcoin or any other crypto coins.

  1. First, you can earn digital coins by mining; that means if you are mining bitcoin, you will get a reward in bitcoins for verifying the transactions.

  2. Second, you may get voting power in the crypto network. That means you will earn the right to contribute your consent for any significant changes in the structure.

Now let us know whether it is possible to mine bitcoins using android apps?

Is Bitcoin Mobile Mining Possible?

Yes, it is possible to mine bitcoins using a mobile device. And it is possible to mine bitcoins using an android app. You can use the following apps to mine bitcoin and other crypto coins.

Bitcoin Miner

Bitcoin Miner is a popular application which you can use to mine bitcoins and several other digital coins. The user-interface is simple and friendly. The performance is also good, according to user reviews.

MinerGate Mobile Miner

This app does not support bitcoin mining. However, you can mine multiple altcoins such as DigitalNote, Monero, etc. This app also provides a digital wallet so that you can save your rewards. However, mining is not recommended on mobile devices for some reasons mentioned below.

  • It is not more profitable and effective than the traditional method, which uses powerful software and hardware devices.

  • It can damage the battery of your mobile due to high energy consumption.

  • The mining apps are more vulnerable to viruses and malware.

For the above reasons, Google removed most of the mining apps from the play store. If you are using an iOS device, Apple also banned mining apps from its app store. However, you can download these apps from other sites at your own risk.

Final Thoughts

Bitcoin mining is not the only way to earn bitcoins. You can also earn bitcoins by trading. If you want to start trading bitcoin, then visit the bitcoin loophole of the green profit system. It is free to trade, and you will get a profitable trading strategy from the community members.

Today, the two most popular mobile operating systems are iOS and Android. Although iOS provides high-security features, smoother, and faster operations, most people are using android phones. The primary reason is the price of android phones is cheaper than iOS. So if you are an android user, you can download the app mentioned in the post above and start mining Bitcoins.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria