In general, the process is no different from mining on PCs, laptops or mining farms, the only difference is the power of the device, because a smartphone by definition does not have the processing power of a PC or laptop. But you probably won’t be able to do mining on your phone.
In 2018, both Apple and Google banned and removed all mining apps from their stores. And in the case of the AppStore, all apps that caused severe overheating of the device, made it run at peak performance and so on were also removed.
The only exception is cloud mining. Cloud mining apps in the Google and Apple stores are rare, but they do exist. And if you want to find a full-fledged mining app, your only option is to search for it on various websites and download them from there.
However, in this case, you are very much at risk of running into various virus programs that will simply steal all your personal data or turn your phone into a “brick”.
Income from mining on your phone
Mining cryptocurrency on the unprofitable because of the limited processing power of most smartphones. The amount of cryptocurrency you can mine on your phone will depend on several factors, including the specific cryptocurrency you’re mining, the processing power of your phone, and the current market value of the cryptocurrency.
But even the world’s most powerful mobile processor (at the moment) Qualcomm Snapdragon 8 Gen 3 in conjunction with the best video gas pedal Adreno 740 will not be able to mine you as much as desktop graphics cards and mid-range processor.
Pros and cons of mining on a phone
Advantages:
- Affordability – mining on your phone is available to just about anyone with a smartphone;
- Simplicity – mining on your phone can be simple to set up and use;
- No special equipment required – no specialized equipment is required for mining on your phone.
Disadvantages:
- Low profitability – the profits from mining on a phone are very small;
- High power consumption – mining on the phone consumes a lot of energy and very quickly “kills” the battery;
- Device breakage – smartphones are not designed for loads as in mining, which can quickly lead to the breakage of the device;
- Security risks – it is impossible to download a mining application from official stores, which means you will have to look for it on third-party resources, where you risk catching a lot of viruses.