Mining Cryptocurrency on Phone – A Complete Guide

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Cryptomining

Mining cryptocurrency on your phone is a great way to earn some extra income. But there are a few things you need to know before you start mining. In this article, we will guide you through everything you need to know about mining cryptocurrency on your phone.

Also read: Cryptocurrency Mining – A Complete Guide for Beginners

What is Cryptocurrency Mining?

Cryptocurrency mining is the process of verifying transactions on a blockchain and earning a reward for doing so. The reward is usually in the form of cryptocurrency, such as Bitcoin or Ethereum.

Mining requires a lot of computer power and energy, so it is not surprising that people are looking for ways to do it on their phones. While it is possible to mine cryptocurrency on your phone, it is not advisable.

The main reason for this is that mining cryptocurrency on your phone will most likely not earn you enough money to cover the cost of your phone bill. In addition, it will also shorten the lifespan of your phone.

How to mine cryptocurrency on your phone?

As we mentioned earlier, mining cryptocurrency on your phone using its CPU or GPU will not be as profitable due to the high difficulty of cryptocurrency mining. But with the availability of mining pools, it has now become possible to mine cryptocurrency without the hardware requirements.

Best Apps to Mine Cryptocurrency on Android

Let’s now jump into understanding how you can mine on your Android phone. But first, let’s see the apps that you can use for mining cryptocurrencies.

#1 – F2Pool

F2Pool Mining
F2Pool Mining

F2Pool is one of the oldest and largest Bitcoin mining pools in existence. The pool was created in 2013 by Chinese Bitcoin miners who were looking for a more reliable and stable mining pool than what was available at the time.

Since its inception, it has consistently been one of the most popular mining pools, with over 15% of the global Bitcoin hashrate.

It is known for its stability, reliability, and excellent customer support. The pool has an uptime of 99.9%, and has never had a major outage.

The pool has multiple features like:

  • Monitor your hashrate and earnings
  • View detailed pool statistics
  • Easily manage your miners
  • Withdraw your earnings directly to your wallet

Its Android and iOS apps offer a convenient way for miners to monitor their mining progress and earnings. The apps also include a number of features that make it easy to manage your mining operations, such as a pool statistics page, a miner details page, and a payout page.

The F2Pool Android app is available for download on the Google Play Store, and the iOS app is available on the App Store.

If you’re looking for a reliable and user-friendly mining pool, then F2Pool is a great option. The pool has a great reputation, and the Android and iOS apps make it easy to keep track of your mining progress and earnings.

#2 – Ant Pool

AntPool
AntPool

Ant pool is a new and upcoming bitcoin mining pool that offers its users a unique and convenient way to mine for bitcoins. The pool is designed to be easy to use and user friendly, with a simple and straightforward interface.

The pool also has a number of features that make it stand out from other pools, including:

  • A low minimum payout of just 0.01 BTC
  • No fees for withdrawals
  • A user friendly and intuitive interface
  • Support for multiple currencies (BTC, LTC, DOGE, ETH)
  • A built in stratum server for increased stability and performance
  • A detailed statistics page that allows users to track progress and earnings

It also offers an Android and iOS app that allows users to monitor their progress and earnings, as well as receive notifications when new blocks are mined or payments are made. Overall, Ant pool is a great option for those looking for a new and convenient way to mine bitcoins.

Step 1: Create a Bitcoin Wallet

Metamask
Metamask

In order to start mining Bitcoin, you will need to create a Bitcoin wallet. This will be where you store all of your mined Bitcoin. You can create a wallet by downloading a Bitcoin client such as Armory or Electrum. There are also online wallets available, but these are generally less secure. Once you have created your wallet, you will need to generate a receiving address. This is the address that f2pool will send your mined Bitcoin to.

Step 2: Create an F2Pool Account

F2Pool Signup
F2Pool Signup

In order to start mining with f2pool, you will need to create an account. You can do this by going to the f2pool website and clicking on the “Sign Up” button. Once you have entered your information and created an account, you will be given a unique f2pool account_name. This is the username that you will use to login to f2pool and begin mining.

Step 3: Download the F2Pool App

F2Pool App
F2Pool App

The next thing you’ll need to do is download the F2Pool app. This can be done by visiting the Google Play Store or the App Store, depending on what type of phone you have.

Once you’ve found the app, go ahead and download it. Once it’s finished downloading, you’ll be able to open it up and log into your account.

Step 4: Configure Your Mining Device

Now that you have a wallet and an f2pool account, you can proceed to configure your mining device. ASIC miners are the easiest type of mining device to use, and they do not require any mining software. All you need is the proper electricity set up to meet the power consumption requirements and a reliable internet connection.

It is important to note that your ASICs should have a wired connection to your local network and that your computer and ASICs should be on the same network.

Alternatively, you can use your computer with a powerful GPU as your mining device. In order to do this, you will need to download and install mining software such as CGMiner or BFGMiner. Once you have installed the software, you will need to configure it to connect to an f2pool server.

The URL for the f2pool server is: stratum+tcp://btc.f2pool.com:3333 for bitcoin. Here’s a list of the servers for other coins:

CoinStratum servers
Bitcoin Cashstratum+tcp://b4c.f2pool.com:1228
Bitcoinstratum+tcp://btc.f2pool.com:3333
stratum+tcp://btc.f2pool.com:1314
stratum+tcp://btc.f2pool.com:25
Confluxstratum+tcp://cfx.f2pool.com:6800
Dashstratum+tcp://dash.f2pool.com:5588
Decredstratum+tcp://dcr.f2pool.com:5730
DigiBytestratum+tcp://dgb-sha256d.f2pool.com:11110
stratum+tcp://dgb-scrypt.f2pool.com:11111
stratum+tcp://dgb-groestl.f2pool.com:11113
stratum+tcp://dgb-groestl.f2pool.com:11114
stratum+tcp://dgb-odocrypt.f2pool.com:11115
Ergostratum+tcp://erg.f2pool.com:7200
Ethereum Classicstratum+tcp://etc.f2pool.com:8118
Ethereumstratum+tcp://eth.f2pool.com:6688
stratum+tcp://eth-backup.f2pool.com:6688
Firostratum+tcp://firo.f2pool.com:5790
Handshakestratum+tcp://hns.f2pool.com:6000
Horizenstratum+tcp://zencash.f2pool.com:3377
Kadenastratum+tcp://kda.f2pool.com:5400
Litecoinstratum+tcp://ltc.f2pool.com:8888
stratum+tcp://ltc.f2pool.com:5200
stratum+tcp://ltc.f2pool.com:3335
Nervosstratum+tcp://ckb.f2pool.com:4300
Ravencoinstratum+tcp://raven.f2pool.com:3636
Siacoinstratum+tcp://sc.f2pool.com:7788
Vergestratum+tcp://xvg-blake2s.f2pool.com:9008
stratum+tcp://xvg-x17.f2pool.com:9010
Zcashstratum+tcp://zec.f2pool.com:3357
Source

You will also need to provide your f2pool username and password. Your username is the unique username that was generated for you when you created your f2pool account. Your password can be anything you want, but we recommend using a strong password to secure your account.

Step 5: Begin Monitoring

You can monitor your earnings and mining statistics on the F2Pool Android app. The app will also notify you of any payouts that you have received. To start using the app, simply login with your F2pool username and password. Once you are logged in, you will be able to see your real-time earnings, hashing power, and other mining statistics. You can also use the app to submit a support ticket if you ever have any issues with your account or mining device.

Is mining even possible on Android phones?

The biggest issue with mining on Android is the battery life. Smartphones just don’t have the power or capacity to mine cryptocurrencies effectively. So, while you can technically mine on your phone, it’s not going to be worth your time or effort. Instead, most mining pools offer apps that you can use to monitor the miners that you setup.

Miners can be your GPU powered computers or dedicated ASICs that mine cryptocurrencies. ASICs are expensive and not worth it for mining most altcoins. For Bitcoin, you need an ASIC.

GPU miners are good for mining Ethereum, Monero, Zcash and other altcoins.

There are a few Android apps that allow you to mine cryptocurrencies. However, these are mostly scams. The apps either don’t pay out or they pay out very little. If you’re looking to mine cryptocurrencies on Android, your best bet is to use a mining pool.

A mining pool is a group of miners that work together to mine a block. The rewards are then split among the miners based on their contribution.

Mining pools are a much better way to mine cryptocurrencies on Android. You’ll be able to earn more and it’s less likely that you’ll end up with a scam app.

So, while mining on Android phones is technically possible, it’s not very practical. If you’re looking to mine cryptocurrencies, your best bet is to join a mining pool.

Conclusion

Mining cryptocurrency on your phone is a great way to earn some extra income. But there are a few things you need to know before you start mining. In this article, we have guide you through everything you need to know about mining cryptocurrency on your phone. Now it’s time for you to start mining!

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