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Bitcoin Miner

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.

Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.

Category : Tools

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Reviews (15)

t. t. Dec 29, 2016     

Application ships configured to mine for the creator, and even after configuring for my mining pool, it would not show up under my workers. Ads are complete overkill. This app should be removed from the market, and I will be reporting it as fraudulent.

Tim. A. Dec 2, 2016     

The advertisements are unbelievable they pop up on top of the app and when I try to close them I get redirected to Google market and it stops my miner which make this app crap Do this set up donation box make advertising on the side. 1 star for now.

Jay. Jan 20, 2017     

Does what it should do. One thing though. You're not going to get a lot of money when using Your phone to mine. It literally will give You 1 us cent a day if not less. And to all dumb as f*** people who say that it's a scam. I've tried it out, set it up properly and it works. If You don't know how to use it, don't use it. Simple.

Jos. B. Feb 29, 2016     

If I make a video on how to set this up and show people this is a great miner well one of the best. Will you put my video in the description? It would really help your ratings. Not many miners out there that do the 8 thread i love it.

Vir. Aug 8, 2016     

Reason I put 3 stars is I don't know how this app works can someone tell me what to do

Eri. Q. Jun 4, 2016     

This app does exactly what it says, and works perfect! You point it to your pool, and worker, then when that pool gets a block you will get btc for your work done. It's tiny, but you can play the lotto, and hope for that 25 btc block reward by joining a solo mining pool. You have some really silly paranoid comments that give those of us with pool mining experience a nice giggle! Thanks for that! App does show a video ad once and awhile, developers gotta eat too.

Rai. H. Oct 28, 2015     

its pointless. and slow along with no instructions nor tutorials of any shape form or fashion. waste of space

Eri. D. Jul 22, 2017     

I cant give bad review as I have no clue to what's its doing just see numbers and no way to send deposits to your bc acount

Jos. M. Jun 15, 2017     

I could not link it to my mining pool. Did not work for me changed address in settings with username. It was running using resources on mutt device but was not registering with my mining pool.

MrX. Jul 2, 2017     

This doesn't even give you anything. It helps the creator not you. This is a scam. Surprised this app is still on the store.

A. G. u. May 19, 2017     

I saw a video of this app it was amazing but i can't link my wallet address to the linked webset so better create a video how to link it then i will give u 5***** thank u

Chr. G. Nov 2, 2017     

The creator is obviously using others to mine for him/her with a built in wallet address there simply using others to mine for them so very sad the play store allows this.

Chi. K. Feb 4, 2016     

It seems mining, but progress over mining pool is still 0. Work done, Progress nil.

Art. L. Feb 14, 2016     

Ads on every open won't work with slush's pool

Sam. N. Mar 9, 2017     

If you are reading this and are wondering wether to get this first think, are you familiar with bit coin mining? If you are not, don't get this app as you will not understand what you are doing. If you believe this app is scamming you, or you don't understand how to use it, you are obviously not familiar with bit coin mining. There is nothing wrong with the app, it works as it advertises.