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Thread: Bitcoin mining with android

  1. #1
    GMOGreen Guest

    Default Bitcoin mining with android

    Just wondering if anyone has used or is using any android app for bitcoin mining.

    There are loads on the store, but do any of them actually pay out?

    Even if it's the ones where you watch a video for x amount, has anyone actually got payed out?

    I understand we are talking 0.000001 and probably even smaller earnings but I'm more interested in if anyone has any good experience or would even recommended one or 2?

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  3. #2

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    If your looking for quick online cash you could always do match betting an stuff hope this helps bro

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  5. #3
    GMOGreen Guest

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    Quote Originally Posted by Greenster6969 View Post
    If your looking for quick online cash you could always do match betting an stuff hope this helps bro

    Sent from my SM-G530FZ using Tapatalk
    Tbh I'm just looking to waste some phone power and have always been interested in crypto currency.

    It's just taken me far too long to actually get involved

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    Not worth it on the phone mate, you'll burn it out in 3 months for next to no payout. Better off trading smaller coins for the big boy coins

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  9. #5
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    Not worth it on the phone mate, you'll burn it out in 3 months for next to no payout. Better off trading smaller coins for the big boy coins

    Sent from my G8141 using Tapatalk
    Can you elaborate?

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    There are over 100 types of crypto currency and each fluctuate greatly (not as much as the top 6). Mine the smaller coins or buy them for pennies and trade those for the value in the higher valued coins and trade all the way up when yours are high and the ones you want to buy are low. You'll make profit slowly unless you have a huge capital to start with. Then you eventually get to the top 6 (dash, ethereum, lite coin, bitcoin etc). It's the same process but starting with smaller valued coins.

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  13. #7
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    There are over 100 types of crypto currency and each fluctuate greatly (not as much as the top 6). Mine the smaller coins or buy them for pennies and trade those for the value in the higher valued coins and trade all the way up when yours are high and the ones you want to buy are low. You'll make profit slowly unless you have a huge capital to start with. Then you eventually get to the top 6 (dash, ethereum, lite coin, bitcoin etc). It's the same process but starting with smaller valued coins.

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    So do you know of a mining app for a smaller coin and a wallet/exchange that you can use to trade that kinda thing?

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    Quote Originally Posted by GMOGreen View Post
    So do you know of a mining app for a smaller coin and a wallet/exchange that you can use to trade that kinda thing?

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    Not that won't burn your phone out which was my original point. It will kill it in 3 months or less due to the power needed to mine

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  17. #9
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    Not that won't burn your phone out which was my original point. It will kill it in 3 months or less due to the power needed to mine

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    Tbh I have 2 phones for work that I'm happy to get replaced every few months.

    That's the other reason for my interest, I have 3 handsets most of the day and like 2 others in the house so I don't mind killing afew

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    Tbh mate none are good they really suck and take a % of your coin.

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  21. #11
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    Tbh mate none are good they really suck and take a % of your coin.

    Sent from my G8141 using Tapatalk
    The only real kind of mining I can find anyway is you pay people to mine for you via an app.

    The rest seem to be just paying you in tiny bits of bit coin to watch ads

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    Quote Originally Posted by GMOGreen View Post
    The only real kind of mining I can find anyway is you pay people to mine for you via an app.

    The rest seem to be just paying you in tiny bits of bit coin to watch ads

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    Then have your phones watch those ads continuously haha

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  25. #13
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    Then have your phones watch those ads continuously haha

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    I have pretty much for the last 4 hours. 100000 satoshi collected over 3 device and 5 apps.

    Most need to reach a min of 4500000 to payout so this is going to take a good long time

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    Quote Originally Posted by GMOGreen View Post
    I have pretty much for the last 4 hours. 100000 satoshi collected over 3 device and 5 apps.

    Most need to reach a min of 4500000 to payout so this is going to take a good long time

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    One day ish mon not bad going lad

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  29. #15
    GMOGreen Guest

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    Quote Originally Posted by Karsa View Post
    One day ish mon not bad going lad

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    There is a fair bit of time involved.

    Might see a payout by the end of the year if I'm lucky and if they even payout

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    Quote Originally Posted by GMOGreen View Post
    The only real kind of mining I can find anyway is you pay people to mine for you via an app.

    The rest seem to be just paying you in tiny bits of bit coin to watch ads

    Sent from my SM-G900F using Tapatalk
    I have a mining contract with MinerGate. it is LAUGHABLY slow and for me, not worth the effort.
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  33. #17

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    Maybe Samsung Galaxy A7 is more or less suitable for mining?

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  35. #18

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    GMOGreen am a web developer and i mine some coins using 'minergate' software on my works computer and mac developer machines. As you can expect as a developer there pretty good CPU's in them. I also have to VM's in the azure cloud that also mine this the same way, they just burn through my developer credit, which is about 200 pound a month.

    Let me tell you this much with all that cpu iv only mined about £400 pound in a year...

    so your phone working for a year to mine stuff would likely only get you about £5 BUT that £5 coin today may be worth £10000 in 5 years or nothing. So its really not worth it to mine with your phone now as you will get next to nothing back but that nothing may be worth a chunk of change in the future.

    Don't forget 5 years ago a bit coin was about the same price as a chomp chocolate bar

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  37. #19

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    Heard good things about Minergate

    Phone mining can cock off, won't work, the boat on accessible home mining long since sailed, as others said it would just burn out, it's VERY CPU/GPU intensive, unless you have free or VERY cheap power you'll lose more than you make.

    stuff like 'watch video for 100 satoshi!' or such is NOT mining, it's called a faucet (pays out drips) and it's just to show you ads really, no different from 'ClIcK hErE FoR a FREE GiFt aNd CoCk PiLlS!!' things

    I have a mining contract with Genesis that I bought 4 months ago for Bitcoin & Ether, and that's doing v well...although it's artificially inflated due to the value spike in both, you need to be careful in the contract market as a lot of them have a nasty Ponzi side and it's always a suspicion, plus you need to really do your research into what you're buying.

    (i'm far from an expert and have only a loose idea how it works in IT/blockchain terms, just sharing what i've learned myself)
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  39. #20

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    I brought some bitcoin when the price dropped slightly and will be holding onto it for a while to see the price double's or quadruple's again and then i will see myself pounds in.!
    why don't you just buy some when its at a low price mate and hold out for a few weeks or months, you have to keep checking the prices as they fluctuate hourly and if the price goes up enough to temp you to sell then you can cash out at anytime.

    Tom

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