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With the continuous development of the digital currency market, many investors on the market have become interested in mining Bitcoin, and are no longer satisfied with computer mining, but want to mine through smartphones, so mobile mining Bitcoin has become more popular in the currency circle. Some investors claim that they can earn 30 yuan a day through mobile phone mining. Therefore, many iPhone users have begun to pay attention to which APP is the best choice for mining on Apple phones. However, Can an iPhone mine Bitcoin? Below, the editor of Coin Circle will introduce it to you in detail.

 Can an iPhone mine Bitcoin?

Apple phones cannot mine Bitcoin. Bitcoins are mined by professional mining machines. Therefore, Apple mobile phones cannot directly mine Bitcoin because the computing power of its processor is not high. The mining process requires a lot of computing power and energy, and the mobile phone's processor is not suitable for such calculations. In addition, mining Bitcoin also requires a lot of storage space and network bandwidth, which are not what Apple phones are good at.

Since the computing power of Apple mobile phones is weak, and Bitcoin mining requires high-powered computers to complete, even if there are mining applications based on the iOS platform, these applications will not be real Bitcoin mining, but just Calculate other required resources. In practice, Bitcoin mining on an iPhone would be impractical, uneconomical, and inefficient.

Of course, Apple phones can mine Bitcoin on the phone’s fixed resource memory by downloading mining software, but these software will use the computing power of the phone’s CPU to perform complex algorithmic operations to unlock the encryption of Bitcoin transactions. However, the mining efficiency of this method is very low, and the probability of mining Bitcoin is also very small. It also consumes a lot of electricity and mobile phone resources, causing problems such as mobile phone heating and power consumption. Therefore, Apple mobile phones are not suitable for Bitcoin mining, and investors are not recommended to try it.

 Summary of the three major modes of mobile mining:

1. Computing power mining

There are many ways to mine on mobile phones. They are nothing more than using blockchain technology as the underlying technology and then developing an APP. The framework of the APP is based on a certain economic model. Users use mobile phones to complete tasks, play games, browse the web, etc. through the APP. , "Token" will be generated. After Token is generated, it can be applied or traded in some special scenarios, and users can earn income in this way.

Because this Token uses blockchain technology as the underlying technology, the quantity, operating mechanism, model, etc. will be fixed at the beginning of development, and cannot be considered to interfere with the mining process. The mining process is actually a calculation process. The mobile phone contributes "computing power" to calculate a set of "hash values". When this value meets a certain standard, the corresponding Token will be obtained. However, due to the configuration and performance of the mobile phone, the computing power contributed is minimal, and the tokens mined are very few.

2. Cloud computing power

If the first method is to mine by relying on the performance of mobile phones, then the second method of cloud computing power mining is to mine by leasing or buying and selling computing power. Before there was a crackdown on the virtual currency mining industry in China, some mine owners would integrate the computing resources they owned and then rent or sell them.

Assume that the mine owner has 1,000 mining machines. The mine owner will rent these mining machines based on the computing power and mining efficiency, convert the computing power of the mining machines into commodities, and put them on the APP. If users have needs, they need to spend real money to rent or purchase these mining machines. These mining machines will be hosted and maintained by the mine owner, who collects handling fees.

3. Economic model

This type of "mobile phone mining model" is essentially different from the first two. The first one is to actually use a mobile phone to mine; the second one is to rely on leasing or buying and selling from the hands of the mine owner. Mining machine computing power; and the third type is completely a "financial game" and does not use blockchain technology as the underlying technology. It is completely "cheating".

Today’s mobile APP development costs are extremely low. Some scammer groups will use the gimmick of “mobile phone mining” to build a centralized APP, and then induce users to purchase the products in it, and then earn dividends or profits through these products. It looks like mining, but in fact it is all fake and does not fall into the category of "mobile mining" at all. These scammers are just taking advantage of users' knowledge blind spots to defraud.

The above content is the detailed explanation of the editor of the currency circle on the question of whether Apple mobile phones can mine Bitcoin. Mobile mining refers to installing and running remote mining software on a mobile phone, and using a server to connect to the mining machine in the mine. The rewards of mining by the mining machine belong to the customer, but a certain mining machine rental fee needs to be paid. . Although you can get some benefits by running mining software on your mobile phone, the benefits are not as high as people imagine. Since the computing resources of mobile phones are relatively weak, and the computing power difficulty of most cryptocurrencies is already very high, mining Mine income is also relatively low.