Many people wonder if Bitcoin mining on iPhone is profitable, and even possible. Let’s dive into this topic and see the current situation on the market:
Is Bitcoin Mining on iPhone even possible?
In the beginning, the mining difficulty was low and no one mined. You could mine with whatever software and hardware available. In other words, the mining was easy and you could achieve results with any hardware.
However, over time the difficulty increased, requiring hardware to run at full peak in order to mine anything substantial.
And a requirement to run the hardware at full peak is what pushed the mobile and tablet industry out of Bitcoin mining business.
It’s simple- the mobile and tablet devices aren’t really designed for a heavy CPU and GPU load, at least not over a long and constant periods of time. That’s why mining with iPhone or iPad can cause damage to your device. It could break your warranty and leave you without your precious gadget.
And that’s why Apple went a step further and banned all crypto mining apps from their app store. This is actually a good thing for the crypto market, as many people with broken devices would probably negatively affect the crypto revolution.
With all of the above said, this article would be incomplete without saying that Bitcoin mining is still possible on iOS devices:
How you can mine Bitcoin on your iPhone and iPad
The mining on iPhone is not easy as it was before, since all mining apps got banned from the App Store. However, if you are tech savvy and want to try mining with your iPhone, you can still do it, but you’ll need to jailbreak your device.
There are multiple reasons not to do so, like the ones above and the ones below, but if you still want to give it a try you can go to the official GitHub page of the MobileMiner app.
Profitability of Bitcoin mining on iPhone and iPad
If destroying your device isn’t enough to change your intentions, maybe the profitability will. Simply put, mining with iPhone and iPad is not profitable in 2019.
The mining on mobile devices was actually never profitable. Remember that you are at a high risk of killing your device before reaching the return on investment.
However, mining on iPhone was much more profitable a year before, when you could make some buck due to high Bitcoin price. Below is a table I found on another blog, where they calculated the mining earnings of latest iPhone. Unfortunately, even back then, it would take years to get your investment back:
and now in 2019, it’s safe to say you should divide these numbers by 5 in order to get a correct earnings estimate.
For me, this brings the one and only conclusion. Bitcoin mining on iPhone and iPad is currently not profitable, and should be avoided or replaced with an alternative.