Can You Mine Bitcoin on an iPhone? Yes You Can, but the Payout is Not Appealing at All
It is honestly hard to forget about the Bitcoin craze and without other cryptocurrencies running side by side, it will become even more difficult to forget about their existence. Where lots of users having spent tons of money in purchasing graphics processors for mining purposes, why can’t the same thing be applied to an iPhone?
After all, the iPhone 8, iPhone 8 Plus and iPhone X are the best phones to buy right now according to their benchmarking results so it should be fairly obvious that these mobile computing marvels should also be able to mine Bitcoin properly, right?
Not quite; while it is more than possible to mine Bitcoin plus other cryptocurrencies using an iPhone, it is more difficult than its being let on.
Tests Show That the Latest iPhone Is Only Able to Make Double Digits a Month and That’s Not Counting Other Costs Such as Electricity
According to 9to5Mac, an app called MobileMiner is one way of making virtual gold but there are some caveats that you will find along the way. For example, the app requires prepackaged sources downloaded off GitHub, and installed with the help of Xcode and the iOS App Signer.
The last two you can only get after you sign as an Apple developer. While we will not bore you with specifics and will leave that for a later topic in the future, there are other things that we would like to bring to your attention.
While it is more than possible to mine using your iPhone, according to the mining results caught by Phone Arena, you will only able to get $13 per month or $156 per year. If you want to be able to make more virtual dough, you will need a lot of iPhones hooked up.
The best thing about the app is that while it is able to run in the background irrespective of what you happen to be doing, it will drain your iPhone’s battery like there is no tomorrow.
In short, if you’re willing to go the extra mile with iPhone purchases, only then can this work out for you, to some degree.