Can we mine bitcoin on a smartphone?

Bitcoin is all the rage right now. It seems you can’t go a day without seeing a Bitcoin article splashed all over the tech press—and, increasingly, the national papers. And that’s not a surprise as Bitcoin seems to be the first digital currency that may stick around, and perhaps even have the power to usurp traditional paper money. I know you don't want to listen all this shitty crap.

Okay, you want to mine Bitcoins. The best way to do it is by setting up a really sweet PC-rig with the fastest processor, most RAM, and best video card you can. All this power will help your computer calculate the algorithms that will generate the 64-digit code needed to verify Bitcoin transactions. Each time you solve an algorithm, 50 Bitcoins are yours.

Recently, there have also been some Android apps that help you mine Bitcoins. There’s even been a few Bitcoin mining apps that snuck into Apple’s App Store, though the company quickly pulled them.

But, as I said, the thing about mining Bitcoins is that it is a very hardware-intensive task; so unless you have the most recent, cutting-edge Android phone, don’t expect to get far. Also, keep in mind the energy requirements needed to keep your Android powered while running these mining apps. That’s why dedicated PCs or servers are often the best options.

Still, if you do want to give Bitcoin mining a try on your Android, there are a number of apps you could check out. As always with any Android app, use these at your own risk as Google does not verify the safety or security of Android apps on its Play Store.

I’ve asked around to my Bitcoin mining friends and they say these three apps are the best:

DroidMiner BTC/LTC Miner – This is a pretty barebones app that lets you mine Bitcoins in the Getwork pool. Pools are collections of miners working together to mine Bitcoins and split the profits.

Easy Miner – Another pool mining app. This one has a little better UI, showing you charts for Bitcoin prices and network hashing rates.

LTCMiner – This app, currently in beta, allows you to mine with the Litecoin pool, one of the more popular Bitcoin mining pools. The app has little to offer besides network settings, but it’s worth it for the Litecoin pool support.

Again, keep in mind that, until Android hardware gets much, much faster, you aren’t going to be mining a lot of Bitcoins with these apps. For example, after 8 hours of mining on one of the above apps, my friend only made 0.0005 Bitcoins.

Still, Bitcoin could be a valid contender for the future of currency. If you can get started mining them today, who knows what your stash could be worth in a few years?

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