Mining Cryptocurrency on Flagship Smartphones Doesn’t Even Cover Charging Expenses

  • Alex Dovbnya
    📰 News

    Cryptocurrency mining was trend of 2017, but it has fizzled out due to decline of mining profitability. Its still important to know whether there are alternatives


Mining Cryptocurrency on Flagship Smartphones Doesn’t Even Cover Charging Expenses

Cryptocurrency mining was the ultimate trend of 2017, but this craze has fizzled out ever since due to a steep decline of mining profitability. While ASIC manufacturers have already established a monopoly, is still important to know whether there are alternatives.

MyBroadband has recently conducted an experiment the purpose of which was to determine how much money one could make while using Huawei P20 and Galaxy Note 9 for mining Monero. They’ve found out that it would cause severe overheating of both devices, which would also throttle their hashing power.

The real revelation, however, that the cost of charging the phone actually surpassed their minuscule “earnings”. Furthermore, it would take about 40 days to reach the minimum withdrawal limit on MinerGate.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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