HOW TO MINE BITCOIN WITH YOUR PHONE? | Bitcoin Mining 2020 | Cryptocurrency mining | Bitcoin Rally
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What do Bitcoin, Ethereum, Litecoin, and Dogecoin have in common? They’re cryptocurrencies — digital currencies that use cryptography to secure users’ holdings, control the creation of new currency units, and facilitate the transfer of existing units from one person or party to another. They’re peer-to-peer and completely decentralized: When someone transacts with cryptocurrency, the transaction is broadcast to a network of users, ensuring that the units can’t be double spent.
You might be wondering: How can I get in on the cryptocurrency mining action? Well, the most profitable miners use beefy PCs with multiple GPUs or custom-built computers. But that’s not to suggest you can’t mine on other, less powerful devices. Cryptocurrency mining applications for Android generate incremental Bitcoin, Litecoin, and Ethereum in the background. They won’t make you rich overnight, but they’re a great way to put your idle smartphone to good use.
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