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Do Ethereum Mining Apps Work

How To Mine Using Android ?

How To Mine Using Android ?

Your PC with GPU(s) is probably netting you about 1/2 ETH per day, give/take. I have a dual octocore Xeon E5-26xx 2.8GHz system that barely breaks 1MH/s (benchmark, not real-world), which wouldn't net a half ETH in weeks of mining. The fastest ARM chip available today (currently the Apple A9x) still barely meets Intel Atom-based processor speeds, still faster than the latest snapdragon octocore, all of which pale in comparison to workstation/server Xeons (even my older one). And if you're thinking the GPU on that phone can hash, think again. All I've seen rated on mobile gpu's is pixel rate, so... the top mobile octocore gpu barely pushes a few Mpixel/s; PC cards push dozens of Gpixels/s. Since pixel rate is an indicator of overall core/memory/bandwidth performance, no contest there either. Sure you want to try mining on a mobile phone? Your PC with GPU(s) is probably netting you about 1/2 ETH per day, give/take. I have a dual octocore Xeon E5-26xx 2.8GHz system that barely breaks 1MH/s (benchmark, not real-world), which wouldn't net a half ETH in weeks of mining. The fastest ARM chip available today (currently the Apple A9x) still barely meets Intel Atom-based processor speeds, still faster than the latest snapdragon octocore, all of which pale in comparison to workstation/server Xeons (even my older one). And if you're thinking the GPU on that phone can hash, think again. All I've seen rated on mobile gpu's is pixel rate, so... the top mobile octocore gpu barely pushes a few Mpixel/s; PC cards push dozens of Gpixels/s. Since pixel rate is an indicator of overall core/memory/bandwidth performance, no contest there either. Sure you want to try mining on a mobile phone? Yes I am sure. Since my phone is at the wall adapter at night. And I am at work while day. I wouldn't Continue reading >>

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Last updated on August 15th, 2017 at 11:06 pm Getting Started with Ethereum Mining the video guide The good news is that getting started with Ethereum Mining is now easier than ever. You do not need to download the full Ethereum blockchain, which is now over 20+ GBs and still growing! You also do not need to manage clunky command line miners with manual instructions. For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner. Get the current version here from Claymores original Bitcointalk thread and then follow along with the steps in this video. The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes: If youre new to mining Ethereum , this guide covers all the important facts in a simple, low-jargon way. Lets start with some short answers to common questions about Ethereum mining: Q: Whyshould Imine Ethereum tokens (aka ether or ETH)? doesnt mining Ether take up a lot of electricity? A: If done properly, more money is earned by selling mined ETH than is spent on electricity. In other words, its profitable! You can check out the profitability with our Ethereum mining calculator . Q: Can I mine with my CPU (Personal computersprocessor) instead ofan expensive graphics card (GPU)? A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes. Q: Whats the best GPU to use for getting the most ETH for the least electricity? A: AMD cards tend to edge out similarly-priced NVidia cards in terms of efficiency. We cover the best cards to get under the heading GPU Hardware further down in this post. Q: Continue reading >>

Scam Ethereum Mining Apps On Android? - Ethereum

Scam Ethereum Mining Apps On Android? - Ethereum

Had anyone else noticed the advent of free apps on the Google Play Store that claim to mine Ethereum at a slow pace? They claim that once one hits a certain amount (0.5 ETH - 1 ETH), one would be able to transfer that to an ETH wallet with a 3 day delay. And there are, of course, ads rolling on the bottom of the screen, almost too conveniently out of the way and unassuming. Almost all of these apps have a ton of five-star ratings and usually over 500 one-star ratings, which is a lot for any product. The one star ratings all tend to say the same thing. The transfer just doesn't happen. One person "reverse-engineered" one of the apps and said it didn't even have any type of mining ability, it was just a counter and a random number generator for the speed! I figured it would be good to get the word out about these, since they somehow made it into the Google Play Store. As an aside, does anyone know of a legit, functional app that would enable me to mine ETH on Android? I have unlimited data and a great device, so it seems plausible that it would be able to mine, albeit however slowly. Continue reading >>

Can I Use Android For Bitcoin Mining? - Updated

Can I Use Android For Bitcoin Mining? - Updated

To mine 1 ethereum coin using the gpu of a 500$ nvidia GTX1080 graphics card it takes 2 months. The gtx1080 can crunch 2 roughly 25.000.000 hashes per second. Sure, there are ethereum miners for android (look for minergate on google play). My mobile phone (it is an average android phone) can crunch 8 hashes per second. Do your math. Ethereum has been designed to make it impossible (at least none succeded until now) to be mined using specialized hardware chips designed explicitly for the mining task, so the graphics card GPU miner, for ethereum is still the most powerful miner you can get. For bitcoin this is not true: GPUs are outperformed (the same way a gpu outperforms a phone) by dedicated ASIC miners which are a thousand times faster than GPUs. Now: both coins have in common that they automatically get more hard to be mined to compensate the introduction of more powerful hardware: there is a predetermined number of coins to be generated globally every day: you just get a slice of this pie and its size is proportional to the amount of computing power you can offer compared to the total amount provided by the rest of the world. Miners are in a continuos competition one against the other in getting the most powerful hardware they can and the cheapest electricity bill. Today it is practically impossible to mine bitcoins without using ASIC miners: it takes months to get one bitcoin using an ASIC miner, it takes decades using a GPU and well a phone is as useful as a stone for mining bitcoin. Moreover: keeping an ASIC miner running, today has electricity costs high enough to make it more convenient to simply buy bitcoins at the regular markst price, unless you live in a place where electricity costs are really low (read: China) or unless you get your miner powered by sola Continue reading >>

5 Best Bitcoin And Ethereum Apps For Android

5 Best Bitcoin And Ethereum Apps For Android

5 Best Bitcoin and Ethereum Apps for Android Long gone are the days when cryptographic currencies and public blockchain-based distributed computing platforms were synonymous with the criminal underground. Today, we use blockchain, a distributed database that maintains a continuously-growing list of records called blocks and forms the backbone of both Bitcoin and Ethereum, to move from central record keeping systems to decentralized systems, eliminating the need for costly middlemen in financial transactions. Want to keep your bitcoin tax calculation simple? We recommend these two services: The very nature of technologies such as Bitcoin and Ethereum matches the spirit of the Android operating system, so it should come as no surprise to you that the Play Store is full of useful apps that serve as great examples of real-world applications for blockchain technology. We have selected our top 5 favorite Bitcoin and Ethereum apps for Android, splitting them into two categories for your convenience. A Bitcoin wallet is a software- or hardware-based tool that allows you to start making payments with merchants and users using Bitcoin, the infamous cryptographic currency that once powered Silk Road , an online black market owned by Ross Ulbricht and the first modern darknet market. Back in 2011, when Silk Road launched, there werent that many Bitcoin wallets for Android to choose from. A lot has changed since then, and current Bitcoin users have a lot more options . We encourage you to spend some time on Bitcoins official website and learn as much as you can about the technology, so you can make your own educated decisions. But to help you get started, these are our top 3 favorite Bitcoin wallets for Android. Headquartered in San Fransisco, Coinbase is a digital asset exchange c Continue reading >>

Do Free Bitcoin Earning Apps For Android Work? 10 Best Cryptocurrency Apps To Try Out

Do Free Bitcoin Earning Apps For Android Work? 10 Best Cryptocurrency Apps To Try Out

Do free Bitcoin earning apps for Android work? 10 best cryptocurrency apps to try out With Bitcoin reaching an all-time high value, youve got to wonder if all those free bitcoin earning apps for Android actually work. Heres our take on it, along with a list of the best cryptocurrency apps that you can trust on completely. You dont have to be an investment analyst to know what the global boom of cryptocurrencies has been in the past few years, especially as Bitcoin headlines every major news outlet right now. To those of us who werent as fortunate as the Winklevoss twins to invest in Bitcoin and make billions, the idea of free Bitcoin earning apps for Android can seem quite enticing. A simple search on the Google Play Store for free Bitcoin will get you dozens and dozens of apps that claim to offer free bitcoins for completing tasks. There are some legitimate free Bitcoin earning apps that actually perform the mining work using your phones processing power, but does the math add up? Side Note: If youre enjoying this article, you may want to subscribe to our YouTube channel ; we do giveaways, hands-on product reviews, feature top tech, and much more! The short and simple answer to this question is yes, but the yes comes with a massive conditions apply label attached to it. Essentially there are only three ways you can own a cryptocurrency you can purchase it directly in exchange for actual currency, receive it in the form of payment for your offered goods and services, or you can mine the cryptocurrency. While the process of mining doesnt technically require an investment, if you want something like Bitcoin mining to be profitable, it requires quite the computing hardware. Since the software required to mine Bitcoin is open-source, anybody can start doing it, but without Continue reading >>

How To Mine Ethereum

How To Mine Ethereum

Register for the ICOs and Regulation Webinar on March 22nd at 11AM EST Now that you know " How Ethereum Mining Works ", you may want to know how to compete in the race to mine ether yourself. To recap, mining is the glue that holds ethereum's 'decentralized app store' together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the network. Take the online notebook described in " What is Ethereum? ". The network would not come to consensus about the 'state' of the notebook (say, if a note is added or deleted) without the computational power to process the changes. Miners set computers loose to solve cryptographic puzzles in an attempt to win ether, and they need to try a huge number of computational problems until one unlocks a new batch of the asset. One of the interesting things about open blockchains is that, in theory, anyone can set their computers to focus on these cryptographic puzzles as a way to win rewards. The catch is that mining on major public blockchains tends to require more and more power over time, as more people invest inmore powerful hardware. In this day and age, those mining with low-powered setups are unlikely to win, but it's still a viable past-time for hobbyists and enthusiasts alike. Before getting started, you will need special computer hardware to dedicate full-time to mining. There are two types of mining hardware: CPUs and GPUs. GPUs boast a higher hash rate, meaning they can guess puzzle answers more quickly. At time of writing, GPUs are now the only option for ether miners. Settling on a GPU is a complextask and you can browse plenty of advice about which ones are the most profitable based on hash rate performance, power consumption and the initial expense of the card. You probably want to Continue reading >>

How To Mine Ethereum In 5min

How To Mine Ethereum In 5min

Surprisingly, all you need is an AWS EC2 instance to start mining Ethereum. Im sure youve already heard of the cryptocurrency craze way before reading this post. Cryptocurrencies are slowly and quietly revolutionizing the way financial systems and transactions work (and should work in my opinion). With Bitcoin hitting its $6K mark not awhile ago, a current total of $158B in market cap and hundreds of ICOs (Initial Coin Offering) conducted since August, its sure to say theres a bubble in the cryptocurrency space. Whats more, is that it doesnt seem this bubble is going anywhere, anytime soon. As you can see in the graph below, the total market cap of cryptocurrencies has grown from under $50B to over $150 in under a year! So what would be the best way to enter this space and enjoy the growth? Im not a cryptocurrency expert, however, from my research Ive found that the answer is pretty clear across all opinions: If youre looking for quick earnings, just invest incoins. However, due to this ever-growing crypto market, mining in the short term could lead to significant earnings in the long term. Personally, Im very interested in Ethereum , and have found an effortless way to start mining it quickly on AWS! This post will walk you through the process. But before we start, lets go over some basics. If youre already familiar with them, just scroll down. Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. The advantage of Ethereum over Bitcoin, is that it can support many different types of decentralized applications. Ethereum has the second largest market cap after Bitcoin, and has gained massive growth in the last year with over 230% as you can see below: However, increasing growth in Continue reading >>

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