Electroneum is the first cryptocurrency that allows users to mine coins with a mobile phone. This new feature will allow millions of smartphone users around the world to get started with cryptocurrency mining, an industry previously reserved for computer geeks and nerds (read more here).The mobile miner launched on 5 March 2018.
How to Mine Electroneum
Mining Electroneum on a smartphone is fairly straightforward:
- Download the app to your device and create an account on the Electroneum website (here’s a guide).
- Log into the app using your credentials.
- Go to the Miner tab at the bottom and click the Start Mining button.
That’s it! Your phone will now start mining. It will show your hash rate (the speed at which your device is mining) as well as the pending balance (how many coins have been mined) on the screen.So let’s discuss how this all works…
The Mobile Mining Experience
While mining for Electroneum, your phone won’t be performing real mining (as is done with a computer), but rather a simulation of mining.The Electroneum team has described their mobile app as a Mobile Mining Experience.Instead of actually using your phone’s CPU to solve complicated cryptographic problems (as is done with real mining), the app will continually monitor the available CPU power on your phone. In this way, it will determine the amount of CPU power that could have been used for mining, had the phone actually been mining.Your phone will then be issued with a hash rate (speed of mining, if you will) based on its available CPU power. ETN coins will be credited to your online wallet based on this hash rate.The mining app has already been developed and is currently in a beta testing phase. The Android app can be downloaded from the Play Store here. The iOS version, however, is still under review by Apple and will in all likelihood only launch after the mobile miner has launched in Q1 of 2018.
At the moment, the app can be used to manage your online Electroneum wallet, send/receive ETN, and view live ETN exchange rates.As an added benefit, you’ll be able to play a mining game to increase the number of coins you receive. The game will be designed to teach people more about mining and encourage them to set up their own full miners (computer versions) to mine more coins.