You need a smartphone with internet access. If you have it, you can download applications from various cloud mining providers in the App Store.
Once you have created a user account with the respective provider – and paid the required fees, if any – mining can usually begin. You can increase your hashrate very strongly with many providers based on the money deposited, so returns above 100% are realistic beyond that.
If you are looking for a free option, there is, for example, the StormGain app, where you can start mining after registration. However, the hashrate is very low at 0.5 and after four hours, the mining process is always automatically stopped – and must be reactivated.
In addition, the minimum amount required to cash in your Bitcoins is ten USDT, which is reached with a hashrate of 0.5 after about 450 hours of active mining.
For mining different altcoins, there is an app called MinerGate Mobile Miner. The user interface is very easy to understand, you get your own crypto-currency wallet in the app and you can mine coins like Monero, QuazarCoin and DigitalNote.
Unfortunately, the app is no longer available in the Play Store, which is why you need to download it via a browser to install it. Let’s remember that in addition to mining, it is also possible to trade crypto currencies via apps such as Bitcoin Revolution. Read our review to learn more.
Applications generate currency in secret
For individual users, Bitcoin mining is not worth it. Likewise, other crypto-currencies are not worth it with a single smartphone.
But stupidly enough, many are still mining crypto-currencies with their phones, they just don’t know it. There are various apps that apparently have nothing to do with digital currencies.
For example, they can be downloaded games for Android. These use the smartphone’s processor without permission in the background to be able to mine crypto-currencies.
These applications are of course dangerous, or at least they ensure that a huge amount of bandwidth and processor power is used by the smartphone. So, if you have recently installed an application and suddenly your device becomes very hot or the battery drains quickly, you may have encountered such an application.
This is classically malware, which of course should not end up on the smartphone. Fortunately, this form of Bitcoin mining is not yet profitable for the respective developers, but this could change in the future, as the example of Bitcoin shows. If an app is suspected of cryptomining, it should be uninstalled immediately.