In this article I am going to explain how to mine bitcoins on your phone. You might be asking yourself “how do I mine a penny at my office or in my car” or “how can I make money with my computer” or just the mundane “how do I transfer money to my bank”. Whatever you are asking is a very good question and one that many people want answered. Mining this currency is no different than digging for gold or finding rare coins. It takes a lot of know-how and resources to get started.
The first thing you will need is a phone with internet. You can either download an html editor on your phone from Google or some other place or download a free web based one. Next you will need a software program to help you start the mining process. This software is called “Bitcoins Phone Miner”.
With the Bitcoins Phone Miner you are basically set up to start mining at anytime that you want. Just plug in your phone and it will start working. If you have never used this type of software before it can be scary at first. But it is really easy and fast once you get the hang of it. There are several things you will need in order to start this up.
First, you will need an account at Mt. Gox, or any other exchange such as PayPal. The reason you need to do this is so you can buy up a large amount of these coins right from your phone. The problem with this is that it is actually illegal in some countries to use your phone to transfer money internationally.
Second, you will need to sign up for a free account at a website that will let you do this. This website should be a one time thing that you do not keep using. It is important that you make sure that you are only using this software to start making money off of your phone. The reason is that if you use your phone for transactions on the web you can open yourself up to a whole host of possible legal troubles. You also need to make sure that you are only using a free service like this once and then stop.
Third, you will need a usb stick. These can be purchased at any electronics retailer or online on sites like Amazon. Once you have the device home and plugged into your computer you can now start your mining process.
You will need to run a program on your computer or phone that will monitor the changes that happen on the network. Whenever there is an action that matches the criteria for being an entry on the “blockchain” you can connect to your phone to send money from your phone. This is how you get paid by the miners for the transaction that took place when you sent them coins from your computer.
There are a number of different services that are available for you to use with this system. The best part is it doesn’t cost you anything. If you are asking “how do I mine bitcoins on my phone?” then you may have just stumbled onto the perfect way to make some extra money on the side. All you need is a phone system, a bit of computer knowledge and the ability to pay someone to do the work for you.
One of the most popular phones that are used to conduct this activity is the MegaPhone. It is a joint effort between two companies who were looking for a way to make extra cash on the side. They teamed up with a company called Hashberry who is responsible for providing users with a phone system that would allow them to conduct mining activities on the internet.
These phone systems have become extremely popular with people all over the world. You don’t have to buy the hardware for this to happen. This is one of the main reasons that so many people are jumping on the band wagon of using a phone system to mine for cash. This is a form of virtual “slavery”.
If you want to know how to mine bitcoins on your phone then you have found the perfect solution. If you don’t own a phone then this is probably not an option for you. If you have a computer however, this is something that you can consider doing. It is quite easy to set up this kind of mining operation on your computer.