Features of mining on iPhone (iOS)
Since the creation of the first mobile phones, the possibilities of their use have expanded significantly. Among other things, increased battery capacity and processor power. Apple's iPhone and iPad are among the top gadgets. Their owners, who are interested in cryptocurrencies, are thinking about starting mining on the iPhone. Before taking practical actions, it is important to understand how beneficial they will be.
The development of programs for mining cryptocurrencies compatible with the iOS operating system is not actively underway as of February 2022. This can be explained by the ban on the distribution of such applications by Apple. It was introduced in June 2018.
Another reason for restrictions on mining applications was the spread of fake software. Previously, cybercriminals mass-produced similar programs that harmed gadgets or stole confidential data.
However, Apple does not ban applications unless they are directly related to the mining process using phone resources. For example, it is possible to install a program for monitoring cryptocurrency mining on other equipment. You can also search for applications directly for mining on a smartphone, which are distributed through the web service for hosting IT projects GitHub. However, you need to be careful not to install malicious software.
Now the question arises Is it worth it to organize the extraction of cryptocurrency on the iPhone ?
When answering this question, we need to focus on benefits. For the extraction of many cryptocurrencies, expensive equipment is used - ASIC integrated circuits and video cards. Their power is much greater than that of the latest iPhone models.
Mining on an iOS phone through an app was not profitable until a few years ago. For example, smartphones with an average MediaTek MT 6737 processor in 2020 showed a hash rate of 9 H / s. This allowed one coin of a cryptocurrency such as Bytecoin (BCN) to be mined. Its price as of mid-February 2022 was $0.0001662 (0.013 rubles). Engaging in mining Bitcoin or Ethereum would not produce results at all money to buy a minimum number of coins (if there are restrictions).
Many well-known coins work on the PoS algorithm. This list includes Cardano , Solana , Algorand , Tezos and others. The transfer to Proof-of-Stake of the Ethereum network is being implemented. Anyone can become a validator in it if they start staking from 32 ETH coins ($83.5 thousand as of mid-February).
PoS mining :
To participate in PoS mining, owners of iOS mobile phones need to follow these steps:
Install the wallet on the gadget. The best storage for "apple" phones can be viewed at the link .
Deposit the required number of coins to the crypto wallet.
Connect the storage to the network as a validator through the project software. Instructions for most coins are on GitHub.
After synchronization, the gadget with the crypto wallet will work as a node. In this case, the storage should not be constantly active on the phone. The reward will be paid in the form of commissions for confirming transfers (depending on the share of coins in the general pool of validators). A crypto project may provide for a special fund to which a part of the emission is allocated. Rewards are also paid out of this amount, as, for example, in the Syntropy project.
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