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Speaking of mobile mining, many investors may be unfamiliar with it, because everyone is more familiar with computer mining. But in fact, mobile mining evolved from computer mining, and they all use the blockchain. This technology is carried out. In fact, the basic principles of blockchain technology are not difficult to understand. Its concept is a blockchain underlying technology that can perform distributed data storage and point-to-point transmission. It is a brand-new distributed infrastructure and computing paradigm that distinguishes The biggest application of blockchain technology is digital currency. Many investors still don’t know what the principle of mobile mining is? Let the editor of Coin Circle introduce to you the principles of mobile mining.

 What is the principle of mobile mining?

The first Candy Genesis mobile phone released was developed by Candy Mobile in conjunction with the Ethereum Fog Foundation, and is claimed to be capable of “mobile mining.”

Regarding "mobile mining", the official description of Candy Mobile is as follows: The current mining mechanism of Candy Points does not require any additional operations to obtain Candy Points regularly (i.e. "Mobile Mining"). In the future, the Ethereum Fog Blockchain Network (ETF ) will add a POC storage space mining mechanism. Candy blockchain mobile phones can install SD cards or external mobile hard drives to perform POC mining. Mobile phone users upload shared storage space to all network users, and they can mine ETFs and exchange them for candy points. Candy points are a points system that uses blockchain technology.

Obviously, the Candy blockchain phone cannot really be used for "mining" at present, because it cannot mine virtual currency at all, but can only help users "mine points". The conceptual hype is far greater than the actual value.

In fact, the feasibility of mobile phone “mining” is not high. He Baohong emphasized that the blockchain itself is a high-density computing technology, so if you want to use a mobile phone to "mine", the mobile phone will not be able to support it in terms of computing power or electricity. He Baohong also specifically gave a number. At present, the size of the complete Bitcoin public ledger has exceeded 150GB, which is simply not supported by terminals such as mobile phones.

 How about mobile mining?

Being a Bitcoin miner is indeed a happy thing, and it feels like "making money while lying down", but the threshold is really high. For example, if you work as a miner yourself, the scale will be relatively small, and all costs will be higher, which will seriously affect the payback cycle. Therefore, many companies have launched cloud computing power mining, integrating the computing power generated by their own mining machines and selling it to investors. Cloud computing power mining lowers the threshold for participants and provides users with considerable benefits. It can be regarded as the securitization of computing power, allowing ordinary people to enjoy the dividends of mining.

For ordinary people, using mobile phones to mine is the simplest and most direct way. There is no need to check it yourself at any time, there is no need to hire professional maintenance personnel, and there is no need to get up in the middle of the night to check the operation status. It is very convenient.

Objectively speaking, the natural characteristics of blockchain that can prevent tampering make it promising in the field of security. Therefore, it seems more reliable to choose Changhong and Lenovo, which start from the security field. However, Lenovo’s secretive approach still makes the industry suspect that it is just using the concept of blockchain as a gimmick.

However, looking forward to the future application of blockchain on mobile phones, it is foreseeable that security applications will be the first to come true. He Baohong pointed out that the blockchain application that may appear on mobile phones in the future may be a virtual currency wallet. Such applications can take advantage of the blockchain's advantages in secure accounting and provide services to users in the form of Apps. It is worth noting that from a technical point of view, the nodes of the blockchain are actually on the Internet, and users only use Access via mobile phone.

Through this introduction to the principle of mobile mining, I believe you have already understood what the principle of mobile mining is. In fact, whether it is mobile mining or blockchain mobile phones, they are eye-catching enough, but compared to practicality, it is actually more of a gimmick. In the face of the slowdown and homogenization of smartphones, Nowadays, with serious competition, blockchain mobile phones can be said to have opened up a new and differentiated market segment. A truly blockchain mobile phone worthy of the name is worthy of the industry's expectations, but we must not be fooled by some. If the project is deceived, you must be careful and vigilant about fraudulent projects and have the ability to distinguish right from wrong.