Bitcoin and a number of other cryptocurrencies generate new coins and validate new transactions through a process called mining. Blockchains, or the virtual ledgers that record bitcoin transactions, are verified and secured by huge, decentralized computer networks spanning the globe. Computers on the network receive new coins in exchange for sharing their processing power. It is a self-sustaining loop in which the miners protect and uphold the blockchain, the blockchain distributes the coins, and the coins give the miners motivation to keep the network secure.
There are a few things we need to make clear before we look at the different cryptocurrency mining programs for Android and apple mobile phones.
It is inaccurate to refer to what different "crypto mining" apps do as "mining." Simply said, mobile devices lack the processing capacity necessary to mine any well-known cryptocurrency profitably.
When it comes to Bitcoin, for example, no smartphone can match the incredibly strong and efficient ASIC miners that are dominating the sector. You would essentially be squandering electricity and running the risk of damaging your phone if you attempted to mine Bitcoin on your phone. Mining cryptocurrencies requires a lot of hardware, which can quickly lead to a mobile device overheating.
Even though there isn't any real mining taking place, the term "mining" is frequently used in cryptocurrency circles to refer to the process of earning rewards using an app.
Certain initiatives employ the notion of "mobile mining" in order to disperse their coin throughout a substantial user base. These apps often only distribute currency to users gradually rather than taking part in any blockchain's consensus process.
That being said these projects I am about to list are actually legit and not scams, compiled through intensive research here are the top five crypto projects you can mine on your mobile phone:
1. $PI
According to their website, Pi Network is a community of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem. This blockchain network relies on its community of Pioneers, and rewards them, through an innovative mobile mining mechanism, for their diverse contributions and digital citizenship in a clear, meritocratic and decentralized way.
In order to ensure fairness in Pi mining, secure the Pi blockchain, maintain integrity in the Pi ecosystem, and eventually create and safeguard the community-run governance, it is essential to empower real people around the world and disempower malicious actors, bots, or free riders. Pi relies on its community of Pioneers to meritocratically mine Pi tokens using their mobile phones, while Pi KYC serves as a core mechanism to ensure true humanity and build collaboration into the network, enabling the community to create a decentralized ecosystem with meaningful use cases for everyday people. An accessible developer platform, combined with a large, identity-verified and crypto-enabled social network, positions Pi Network to become a pillar of the next wave of technological revolution.
According to charts from coinmarketcap Pi's ATH is $244 which is pretty impressive for a coin that hasn't even launched yet, it is still in its enclosed main net phase. however, according to a recent tweet made sometime towards the end of last year, they plan to move to mainnet if certain conditions are met.
to get started with pi you can click here
2. $EGON
According To Their Website "Eagle Network Has Developed The World’s Most Innovative Mobile Mining Solution. We Are Giving Anyone The Opportunity To Mine A Coin With A Mobile Phone. We Have Developed An Advanced Communication And Breakthrough Platform. Altogether What We Have To Offer Is A High-Tech Solution Using Blockchain Technology. Our Platform Is Designed To Disrupt The Cryptocurrency Industry As We Make Mining Possible In The Most Cost-Saving And Energy-Saving Way. Advanced Miners Uses The Power-Up Boosters To Upgrade Mining Balance".
They are already listed on CMC and recently completed their presale, they also announced that their main net will be launching around april which is coincidentally the month Bitcoin will be halved.
Its not too late to start so click here to start use my ref code THATGUYY_65
3. $OEX
According to their website "OpenEX is a revolutionary open trading protocol that allows for seamless, unauthorized access to services and fully transparent, verifiable data. Using L2 acceleration technology, OpenEX offers transaction speeds comparable to centralized exchanges, while maintaining high liquidity and trust through its openness and transparency. OpenEX is designed to be completely decentralized and permissionless, allowing anyone to access it and create their own exchange on top of the protocol. By utilizing a decentralized governance model and utilizing smart contracts on the Core blockchain network, OpenEX is able to provide a secure and fair trading environment for all users".
The airdrop supply is very limited and it is going to end April this year so hurry! click here to start.
4. $AVIVE
According to their website, they aim to create a new decentralized social world by empowering geo networking protocols and onboarding millions of developers and billions of users to Web3. they recently listed exclusively on OKX exchange and tokens are vested and going to be distributed over a span of 18 months to avoid massive selloff and dumping of the price of the coin. well the good news is you can still mine the team has not announced the end date yet so click to start here .
5. $ICE
According to the website The Ice Open Network (ION) is a revolutionary blockchain initiative designed to address the challenges of centralization and introduce solutions to the data privacy and ownership issues that are pervasive in today’s digital environment. their listing date is 19 of January 2024, they are listing exclusively on OKX exchange, according to information from their twitter account mining will end on October 9th of this year, click here to get started,
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