While certain cryptocurrencies such as Bitcoin can now only be mined profitably using specialist equipment, others like Monero can be mined using the CPU in your Android smartphone and the right app. In this guide you'll learn how to master the MinerGate Android app to make money through mining.
No less, how does Bitcoin miner app work?
Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin's famous “blockchain”).
Over and above that, how does Bitcoin miner payout?
Besides this, can you mine Bitcoins on your phone?
You can only do cryptocurrency mobile mining with smartphones that use Android, as it's the only mining-friendly operating system for mobile devices. Moreover, the market is flooded with apps created for Android that allow you to mine Bitcoin directly from your smartphone.
What are the 4 types of mining?
There are four main methods of mining: underground, surface, placer and in-situ. The type of mining method used depends on the kind of resource that is being targeted for extraction, the deposit's location below or on the Earth's surface and the capacity of each method to profitably extract the resource.