The idea of mining Bitcoin with a smartphone has generated great interest and has remained a recurring theme especially after the huge growth experienced by the known cryptocurrency, but is it profitable?
That is the most important question that must accompany the option to mine Bitcoin with a smartphone, and the answer is clear; It is not profitable at all. An article published in 9to5Mac clarifies this question in a very simple way.
Thanks to applications like MobileMiner it is possible to mine Bitcoin with an iPhone X, although it is necessary to be registered as a developer in Apple to be able to carry out a couple of secondary steps that are essential to make this application work.
This already complicates the idea of mining Bitcoin with an Apple smartphone, but the most important thing is the results. According to data from tests conducted by a few sources, we can get about 13 dollars a month, which means that the year we will get 156 dollars.
The application can mine in the background so that the smartphone can be used without a problem but as you can imagine it drains the battery in a matter of hours, which means that we will have to load it very often.
This has another important consequence and is that it accelerates the degradation of the battery, a component that after 500 complete cycles of charging begins to lose capacity and whose replacement price in Apple or an authorized provider is 89 euros.