hola, I have two spare android devices and been thinking of starting bitcoin mining in them. Will it be beneficial or will it be just wastage of time? If I gain from those two devices then I will go for another 10 spare device. Please help.
It’s not something I know a great deal about, but I thought mining bitcoins required quite high spec hardware with more power than a mobile device or an average PC for that matter.
1 Like
I think it would take years to mine a Bitcoin on two spare android devices. There is nothing to stop you trying; so let us know how you get on.
1 Like
Are you talking about a phone or a server with android os? People have farms of machines that are nearly impossible to compete with unless you have matched processing power.
1 Like
android phone
i saw old samsung android phones are being used to mine bitcoin…so I thought of using my spare ones
This is a quote from a Bitcoin forum from 2014 discussing using a PC to mine:
At current difficulty, if you mine in a pool, you will probably mine about 0.00001406 BTC per week. That means, if difficulty doesn’t increase at all, it will take about 71123 weeks (about 1367 years) to mine 1 BTC. Of course difficulty will almost certainly increase during that time. As such, it is quite possible that it will take more than 6000 years to mine 1 BTC.
But as I said before there is nothing stopping you trying.
Why not do some research online as well?
3 Likes
To put that in perspective, that works out as 16 US cents a week at current value, though not current difficulty, so could well be less.
2 Likes
Interesting. If my maths are close that means that if I use 25000 PCs I could mine around one and a half bitcoins per month.
Enough to make one wonder why anyone bothers working anymore.
3 Likes
We are waaay past that point when you could mine bitcoin with any machine that is available for a regular Joe.
1 Like