I am sure that at some point you have seen an app that promises Mining hundreds of coins with your iPhoneor you have thought of the idea of using the device to do so, although you don't know very well how much you could win. It is something that Apple's phone allows.
However, everything that shines is not gold, and although you could get money without doing anything, profitability is low or even negative, because there are cons that make this not a real business, with one or with a hundred iPhones at the same time.
Minar Bitcoin with an iPhone?
Leaving aside the type of app, web, or way of mine on iPhone, because they are all very similar, we will talk about the disadvantages of doing this, which could quickly take away the idea of the head if you are thinking about it.
- Limited yield: IPhones are not designed to perform the complex mathematical operations necessary for mining. The processing power of an iPhone is much lower than that of a specialized team such as an ASIC (Application-Specific Integrated Circuit) or even a good GPU, therefore, the profits will not become or similar to a good computer, although we can undermine.
- Battery consumption and overheating: This type of apps consume a lot of battery, because they will be squeezing the iPhone chip to the maximum, which would cause the components to degrade faster and, although the cost of loading a mobile is not very high, it should always be plugged in.
- Insignificant earnings: Given the low performance and high energy consumption, profits would be minimal or even non -existent. The cost in terms of electricity, as well as the wear of the device, would exceed any possible benefit, so it would become counterproductive, at least at the price of current currencies.
- Apple policies: This type of apps, due to the company's policies, do not usually have a long time in the App Store, so even though you can download it, you would not have updates or improvements from it, since the next time you were going to review it, it is likely that it was no longer in the store.
All this leads us to think that, as a curiosity, we can try to undermine cryptocurrencies, but by profitability, it will give the same as we have more or less phones, since only with the energy consumed and the wear of them, We will even lose moneyand only if certain crypts grow a lot, it could be profitable, and even if it were, its benefit would be minimal, so that if you have ever thought about it, now you know it, and no, Do not try itat least not with the aim of getting rich, because it will not help, even if you have an iPhone of +1,000 euros.
And you, had you ever occurred to you? Have you tried it? We will take days to get a couple of cents, so it is absurd to think that with an iPhone we will earn money, since not even real mining farms are as profitable as we believe, and that there are hundreds of graphics cards.
