Is it profitable to mine bitcoin using your phone?

3 answers

• Dec 17, 2021 · 3 years ago
  Mining bitcoin using your phone is not profitable. The computational power of a phone is significantly lower compared to specialized mining hardware such as ASICs. The electricity cost of running your phone 24/7 would likely exceed any potential earnings from mining bitcoin. It's more cost-effective to invest in dedicated mining equipment if you want to mine bitcoin.
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• Dec 17, 2021 · 3 years ago
  No, it's not profitable to mine bitcoin using your phone. The difficulty of mining bitcoin has increased significantly over the years, and the computational power required to mine it profitably is beyond what a phone can provide. Additionally, the energy consumption of mining bitcoin is high, and running your phone constantly for mining would drain its battery quickly.
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• Dec 17, 2021 · 3 years ago
  While mining bitcoin using your phone may seem convenient, it's not a profitable venture. The mining difficulty and competition in the bitcoin network have reached a level where mining with specialized hardware is necessary to make a profit. Companies like BYDFi offer dedicated mining rigs that are optimized for mining efficiency and profitability. Investing in such equipment would be a more viable option if you're serious about mining bitcoin.
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