Mining cryptocurrency with android phone is a easy and simple process but this can be difficulty and teddy for those without the proper knowledge. Firstly before we proceed, we need to explain what it mean to mine cryptocurrency.
Meaning of Cryptocurrency Mining
According to bitcoin wiki, Bitcoin Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the blockchain as it is a chain of blocks.
Mining is intentionally made difficult to regulate and make the amount each cryptocurrency steady.
The central aim for mining is to make the transactional the records in a may that it will be practically impossible for one of the entities to modify the process.
Mining is mostly the method that is used to introduce any new cryptocurrency into the system, miners often pay transaction fees together with subsidy for newly introduced cryptocurrency. This serves as a method of encouragement and motivation for people to provide security for the system. It also serve as a method of distribution of new cryptocurrency. It also serve as decentralized method of dissemination of new cryptocurrency.
Steps on how to mine cryptocurrency with android phone
Below is the basic four steps required to mine cryptocurrency with android phone
Choose a Cryptocurrency mining Android Application (APK)
There are a lot of cryptocurrency mining Android Apps on Android play store. We advice that you go for the trusted ones such as MinerGate and Crypto Miner.
MinerGate Mobile Miner
MinerGate is one of the best and most reliable multi cryptocurrency mining Android Application, It required Android OS 4.4.7 and above to run efficiently. The android MinerGate Mobile Miner can be found on Google playstore and other Android Application downloading websites such as; apkmonk.com, apk.support, downloadapk.net, and apk.tools
Unlike MinerGate, Crypto Miner could be use to mine more type of crypto which is one its greatest advantage over MinetGate. Crypto miner can be downloaded/install from google playstore
Download/Install the Cryptocurrency Mining Application of your choice.
Click on the install button, if you are downloading from play store or click on download if from website. If the mining app was downloaded from a website, after the download, install the application. After a successful installation, you will be asked if you want to delete the installation package or not. Select yes if you wish if not then click no.
Open the installed application
After the installation, the option of open and done will pop up on the screen of your android phone, click on open.
When the app opens, you will be required to sign up which required filling in your details such email and password. Make sure you imputed a valid email address with a password you can easily.
After successful creating of account, congratulations you can now start mining of cryptocurrency.
The process is a very straight forward one if you have the right information.
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