How to use crypto mining apps? That’s the question in today’s article. I will start by explaining what mining really means and why we are using it in this day and age of smart contracts and blockchain games that do not require mining at all (check out CryptoStrikers if you don’t believe me).
How to Use Crypto Mining Apps
Before you start mining
Crypto mining apps aren’t going to make you rich overnight, but they can be a fun way of earning cryptocurrency like bitcoin if you have some extra time. Some crypto-mining apps are available for Android and iOS, and others for Windows PC.
If you’re using an iPhone or iPad, be sure that it’s no older than 2015; many crypto miners require newer devices in order to function properly. Once your app is installed, you might find that its interface looks more like a game—complete with virtual coins—than a traditional miner. If so, don’t worry: Even if it doesn’t look like much now, there will come a time when you start making real money thanks to these apps.
Depending on which crypto mining app you use, you may be able to start mining as soon as you’ve downloaded it. However, for most apps, you’ll need a high-end Android or iOS device with enough RAM and processing power (1GB of RAM and an A8 processor should be sufficient).
If you want to get started with an iPhone or iPad that’s older than 2015, you’ll have a slightly harder time finding a crypto-miner app that runs well on your hardware.
Windows users have it easier: Just open up your preferred browser and search for the crypto miners. We recommend CoinImp—its multi-threaded CPU miner has been tested on Windows XP through 10 in both 32-bit and 64-bit versions.
Create your wallet
When choosing a crypto wallet, you’ll want to make sure it offers access to as many coins as possible, meaning you don’t have a collection of specific wallets. Generally speaking, bigger is better; most wallets that support popular coins like Bitcoin and Ethereum also support dozens of others.
Here are some good all-around options: Exodus Wallet ( supports multiple cryptocurrencies, easy user interface ) Jaxx Wallet ( supports multiple cryptocurrencies, high degree of customizability ) MyEtherWallet ( supports only Ethereum and ERC20 tokens, relatively simple interface )
Download your chosen crypto wallet and install it on your computer or mobile device. Make sure you download an official version from a trusted source. Once installed, you’ll be prompted to create a password for your wallet, which you’ll need in order to access it.
Next, generate a mnemonic phrase—essentially a bunch of random words that can help you restore access if you ever lose your password. This step is especially important because it’s impossible for anyone else to recover funds if you forget your password, so be sure not to skip it!
Download the mining app
You can download mining apps on your phone or computer. These apps let you put your laptop’s processing power toward mining when it’s not in use. If you’re a PC user, be sure to do some research and find out how each app uses your computer resources before downloading.
Don’t install more than one cryptocurrency-mining app—running too many at once can slow down your system and diminish returns. To run a crypto mining app on your phone, you’ll need to sideload an app that allows access to certain operating systems (OS).
Because of Apple’s restrictions, Android is usually your best bet for side-loading apps. Remember that there are plenty of legitimate crypto-mining services as well as malicious ones; if you decide to go down that road and potentially damage your device, proceed with caution.
Cryptocurrency mining apps don’t require much storage space, so you can load several on your phone or computer. Just be sure to back up your device frequently—every day if possible—to prevent irreparable data loss in case of a hardware failure.
Downloading and running these apps won’t harm your computer or mobile device, but avoid downloading malware or other malicious programs. Running such programs could damage your devices or lead to identity theft.
The best way to ensure that you run only safe software is by doing some research first. Look at reviews from other users before installing an app and pay attention when prompted with pop-up warnings about unsafe or untrustworthy software.
Start mining!
So, you’ve decided that crypto mining is a good way to generate some passive income—good choice! If you don’t mind doing a little work, mining crypto can be an excellent way to earn. However, it isn’t as simple as pointing and clicking.
Before you start crypto mining with your phone, here are three things you need to know.
1. There are two main types of crypto mining: Proof-of-work (PoW) and proof-of-stake (PoS). PoW is common for most cryptocurrencies—including Bitcoin—where a network of computers works together to validate transactions.
PoS doesn’t rely on hashing power, so it isn’t as difficult as PoW and allows you to earn rewards based on how many coins you hold, rather than your computer’s processing power. For example, Ethereum uses PoS.
2. Cryptocurrency mining isn’t a get-rich-quick scheme. You can earn more coins by dedicating more of your processing power and using more electricity, but it can take years before you make a profit. And when you do start earning cryptocurrency, it will be worth less than when you started.
For example, with Bitcoin you could have earned several thousand dollars per coin in late 2017—but now each one is worth around $6,000 USD. That’s still better than nothing!
Is it worth it?
There’s been a lot of buzz about cryptocurrency over recent months, but how many people actually know what it is? Cryptocurrency is essentially digital money (it even acts like cash sometimes), but rather than being produced and monitored by a centralized governing body, it’s created and managed through decentralized computing platforms.
That makes it more secure in some ways (because there’s no single point of failure) and more vulnerable in others (it’s harder to track who owns what). To learn more about cryptocurrency, download one of these apps—we’ve highlighted a few that can walk you through how they work.
These are just a few examples—there are lots out there. If you have any questions, feel free to ask them in our comments section!
cryptocurrency is essentially digital money that can be used like cash. A few popular examples include Bitcoin, Ethereum, Dash, and Litecoin.
To mine it you’ll need a special computer and some software, both of which can run you hundreds of dollars. There are also cryptocurrency apps you can use on your phone—we’ve included a few in our roundup here. They work similarly to standard cryptocurrency mining apps except they don’t require as much computing power so aren’t quite as effective (though still profitable).
We recommend trying out different platforms until you find one that works for you! Good luck! If you have any questions, please ask them in our comments section below.
What’s next?
After you’ve downloaded and installed a crypto mining app, you’ll need a wallet. A cryptocurrency wallet is similar to a bank account in that it stores your cryptocurrency for safekeeping. If your phone or computer ever gets stolen or destroyed, there are tools built into most wallets that allow you to recover your cryptocurrency.
The two biggest things you need from a wallet are security and convenience. Most web-based wallets offer convenience but are somewhat insecure.
Most wallets have some form of two-factor authentication and require you to set up a username and password. Your wallet will also have a recovery seed, which is basically a backup key that allows you to restore your wallet in case it’s lost or stolen.
If you don’t write down your recovery seed, your cryptocurrency can be lost forever if anything happens to your phone or computer. Don’t forget! Write down your recovery seed and store it somewhere safe.
You should also make sure that whatever device you store your cryptocurrency on is protected by anti-virus software and encryption, as well as an extra layer of security like LastPass or Dashlane.
How to Earn Crypto Click Here
Conclusion
Mining Bitcoin and other cryptocurrencies are a hot topic in technology right now, but it can be difficult for newcomers to get started. There are countless apps available, but some of them are less useful than others.
To help you begin mining crypto coins, we’ve collected a list of our favorite mining apps, complete with installation instructions and links. Happy (crypto) mining!
Coinhive is a great app for people who just want to see how mining works, but it will cost you. This app embeds scripts into websites that use your CPU power to mine cryptocurrencies when you visit them. You can adjust how much CPU power you’re willing to share, and Coinhive keeps track of your contributions on its stats page.
On one hand, it’s a little disconcerting that Coinhive doesn’t let you know which sites are using its scripts, but on the other hand, it’s simple and effective.
