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By Boboye Adeyemi
As blockchain adoption goes mainstream, we see an increase in phone-mining apps available to mine cryptocurrencies. This trend will likely accelerate with the rise of DePIN projects. Many smartphones have untapped potential for other tasks but remain underutilized.
You don't need an expensive, high-end phone to use some of these apps. Some apps require a dedicated device, while others work perfectly with your smartphone, even with a broken screen or a device forgotten in your drawer.
To maximise your smartphone's capabilities, phone mining offers an innovative way to earn passive income using unused processing power. With the right app, you can join the growing community of mobile miners and generate rewards effortlessly. Here are four must-have phone mining apps to help you kickstart your journey into the world of cryptocurrency mining.
Acurast
Acurast is a serverless, decentralized cloud where everyone can become part of the cloud with their new, old, or even mobile phones with a smashed screen by providing computing power and earning rewards. Giving developers complete permisionless access to compute that is trustless, affordable, and confidential for deploying their applications. Developers can quickly deploy their applications through the Acurast Console. Applications capable of interacting with other Web3 ecosystems and providing complete confidentiality.
Hashshiny
Hashshiny is a cloud mining platform that allows users to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others, without owning or managing hardware. It offers mining services through cloud computing, where users rent hash power from the platform's data centers. Hashshiny aims to make cryptocurrency mining accessible to a broader audience by simplifying the process and reducing the high costs associated with traditional mining setups.
The platform claims to use advanced technology and provide competitive mining efficiency while offering users real-time monitoring, automatic payouts, and various mining plans. However, as with any cloud mining service, potential users should thoroughly research the risks involved in such platforms, as the cloud mining industry has seen issues with scams or unsustainable business models.
NiceHash
NiceHash is a cloud mining platform and hash power marketplace that lets users mine cryptocurrencies without owning specialized hardware. It allows users to rent or sell computational power for mining various coins using algorithms like SHA-256 and Ethash. The platform simplifies mining by automatically selecting the most profitable coin, appealing to beginners and experienced users. Payouts are made in Bitcoin, regardless of the cryptocurrency being mined. NiceHash gained popularity for its ease of use and flexibility but faced a security breach in 2017, after which it strengthened its security measures.
Grass
Grass enables individuals to sell unused internet bandwidth through a decentralized network focused on web scraping. Its goal is to transform public web data into AI datasets for builders. Grass collects raw data by utilizing idle internet connections from node operators, which is then processed for AI training. Grass uses Socrates, an AI development tool created by Wynd Labs, to extract unstructured data and convert it into a readable format. Grass is a data hub, provides AI platforms with the necessary datasets to train their models.
Conclusion
As blockchain technology continues to evolve, phone mining has emerged as an accessible and innovative way to tap into the underutilized potential of smartphones. Whether using a spare device or your everyday phone, you can contribute to decentralized projects like DePIN and earn passive income with minimal effort. By choosing the right mining app, you can join the growing community of mobile miners and unlock the hidden capabilities of your phone, turning it into a tool for generating cryptocurrency rewards. However, the future of finance is decentralized, and with mobile phones, many phones will be used to mine cryptocurrencies.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.