How to mine Litecoin with Android

How to mine Litecoin with Android

How-to-mine-Litecoin-with-Android

Bitcoin articles are all over the tech press lately, and increasingly on the national papers too. It is not a surprise since Bitcoin is the first crypto-currency introduced, and it looks like it may stick around.

 

Bitcoin miners are utilizing Application-Specific Integrated Circuits (ASIC) chips which has the sole function of mining Bitcoins. Therefore, CPU mining or even GPU mining is not a viable option to mine Bitcoin anymore. However, with the introduction of Litecoin which is based on the Scrypt hashing algorithm that differs from the SHA-256 on Bitcoin, Scrypt is memory intensive and built to be more ASIC resistant. As a matter of fact, most Litecoin miners are still using high-end GPUs to mine the digital coin.

 

Recently, i have noticed that there are even Android apps that will help you mine Bitcoin and Litecoin. There are even few Bitcoin mining apps that managed to went into Apple’s App Store but was quickly pulled down. I have tried the LTC and Scrypt Miner with my Nexus 7. It is the only miner i have tried so far which have support for stratum, so it would work on most mining pool and can be used to mine Scrypt based coins like Litecoin and Feathercoin. I am doing my testing with Feathercoin (FTC) since it has a lower difficulty than Litecoin considering the hashrate on an Android phone would be pretty low, i would expect to see my results sooner. I managed to pull around 5.6KHash/sec on my Nexus 7 with all four threads.

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The mining pool takes some time to identify the hashrate since mining pools determine the hashrate from shares submitted. And since the hashrate is rather low at 5.6KHash/sec, the pool would report 0KHash/sec for quite some time before showing a higher hashrate than reported from the software, which is 28KHash/sec on my testing before jumping back to 0KHash/sec. With this speed and the current difficulty,  i would probably mine 1 FTC with the Nexus 7 running 24/7 for five weeks.

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This proves that your smart devices are capable of mining crypto-currency but with the current hardware, you are not going to mine a lot of coins. Still, if you think it’s worth it or want your hardware to do some work while it’s idle, there are apps out there for this task.


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  • Greg Pitchure

    What are the cost vs reward benefits to doing this with your phone? Does it eat a lot of data? Does it use the battery faster than normal? I’d love to hear from everybody and also do you think it’s worth the time based on how much they pay you to do this