What is the meaning of cryptocurrency mining

In 2017, when Bitcoin began to soar from around $1,000 at the beginning of the year to an astonishing high of $19,000 at the end of the year, cryptocurrencies immediately became the darling of the spotlight and began to be enthusiastically sought after. Mining seems to have become a quick way to make money. Countless people have become "miners". From computers to mobile phones, almost all available equipment has been used for "mining".


In order to mine better, countless miners are racking their brains, using viruses, code implantation and other methods to improve mining efficiency. According to the Akamai report, the amount of cryptocurrency mining malware, and the number of devices infected by it, has also risen sharply due to the exponential growth in the use and use of cryptocurrencies by the public.


What is mobile phone "mining"?


When it comes to "mining" of cryptocurrencies, most people may first think of factories covered with various wires and cables and mining machines with roaring fans, but now, it seems that "mining" is also possible on mobile phones. "Mobile mining" is to use the mobile version of the mining platform APP to carry out the same kind of behavior. As for the reason why mobile phones can mine, the platform's explanation is: Now the performance of mobile phones is getting higher and higher, so "mobile phone mining" has potential.


Is mobile phone "mining" reliable? Be careful of Trojan horses and scams


. Just search the app store, and there are quite a few mobile apps about "mining". The application platform is also old-fashioned when it is publicized. It is guaranteed not to engage in funds, not to run away, to officially collect coins, and to be permanently stable, so that everyone can use their mobile phones to "mine" with confidence. But the question is is "mobile phone mining" really reliable?


It is worth noting that there are many risks in "mobile phone mining", and even many mobile phone mining apps are actually virus apps. For example, the malware exposed this year uses the browser script provided by the mining pool for mining. Due to the flexible and simple configuration of the browser mining script and the characteristics of full platform, it is targeted by malicious Trojans, which leads to the use of script mining. Security incidents are becoming more frequent.


And relevant data shows that in January 2018 alone, about 400 mining Trojans were seized, accounting for nearly one third. It may be that the hackers have stolen all your information before you can "mined" the cryptocurrency with your mobile phone. People will not only encounter problems such as mobile phone freezes, heat and even freezes, but also may encounter other financial losses. Moreover, it is worth noting that some mobile mining apps in the name of "mining" allow users to invest money and continue to develop offline. This kind of money-making game is actually a scam. It can be seen that the vast majority of "mobile phone mining" is just a routine.


Does mobile phone "mining" make money? Expert Tip: Wake Up and Don't Be Stupid


Regarding the profitability of mobile phone "mining", industry experts responded: "Although the performance of mobile phones continues to evolve, the CPU and GPU are still several orders of magnitude worse than computers. Using mobile phones to mine is like using ants to help people move things. Judging from the current computing power of mobile phones, a single mobile phone may not be able to mine a valuable cryptocurrency for a long time, and the result can only consume power in vain."


"If you only look at the cheap and convenient "mining" of mobile phones, you want to borrow it . This profit, but ignores its many risks and negligible profit effect, let's wake up first. At present, formal investments such as foreign exchange on the market are also low-cost, easy to operate, and easier to make profits. Trading platforms such as Juhui ggfx are the lowest 8 USD can be traded, and the profit can be doubled by 100 times the leverage. More importantly, Juhui ggfx is formally double-regulated by FSP and NFA, with the highest security, and investors can choose with confidence.”


Finally, he once again warned the majority of investment . However, the so-called "mobile phone mining" does not have much practical value. If someone advertises it with great fanfare, it is either ulterior motive or stupid!









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