Definitely, the strength of your mining rig is very important for you to mine bitcoin. This is why not everyone is involved in it because it takes some resources for you to get started. It requires a lot of electricity also and that case it may not be possible in countries that does not have steady electricity.
Probably, mining is become more difficult every day. It will actually take you a lot of money for you to be able to set up every mining tool. To get a bitcoin will even take a long time.
If you do not have a very powerful mining rig, mining would be a total waste of time because you won't be able to make a reasonable amount of money from it. This is why I laughed out loud on people that are using their mobile phones to mine Bitcoin.
LoL, I actually tried to mine bitcoin with my mobile phone through cryptotab browser but after some months I was not able to make anything reasonable. I even subscribed to the pro version.
I also use the cryptotab but to my greatest surprise, my phone almost exploded on a wonderful day . That was when I stopped using my phone to mine bitcoin, considering the fact that bitcoin mining is energy-consuming venture.
NO! Never! You need years!! Actually, it depends on the hardware you're using to mine bitcoins. If you're using a computer to mine bitcoins, it will take a couple of years to mine one bitcoin. However, if you have access to a supercomputer that can perform one quintillion operations per second and you decide to invest all of your money into mining bitcoins, then it will only take about 10 months to mine one bitcoin.
Exploded?. I don't understand. Do you mean you were using the app on your phone and it exploded?. I've actually not heard anything like this from people using it.
Mining bitcoin is probably getting difficult on daily basis. The amount of bitcoins to be mined totally is reducing everyday and this is actually a problem to many intended miners.
If you have used a cryptotab to mine bitcoin on your phone you shouldn't be surprised with my statement, because the mining process generate a lot of heat and your phone will be excessively overheated if you do not stop the mining process.
Is very funny when I see people talk about Bitcoin mining as a very profitable venture. It is not that profitable as people think, but I know it is profitable venture but not a lucrative way to make money except if you have a huge amount of capital to invest in it.
that may actually be true but I didn't really experienced that much because the phone I was using is a very good device. So the experience may not be felt so much.
Anyways, the research showed that it is really dangerous for you to mine bitcoin using your phone. It could destroy your phone based on the fact that the Bitcoin mining is energy-consuming.
I knew this though. it is not even advisable for you to mine bitcoin on your phone because you will not be able to make something reasonable and the long run if it destroys your phone, that is another problem.
That is exactly my point because I have being in the situation on several occasions before I decided to stop mining with my phone . I was able to mine minute bitcoin which is not even worth anything.
