What is bitcoin mining & how does it work?

Mining contributes to the process of confirming the legitimacy of transactions made through a blockchain network, such the Bitcoin blockchain. Using hardware such as a central processing unit (CPU) or application-specific integrated circuits, miners can begin mining bitcoins (ASICs).

What is helium mining?

Helium mining is when you are awarded Helium tokens, or HNT, for proof of network on the Helium Network. The hotspots act as nodes in the Helium Network and help provide a decentralized wireless network. HNT is warded in a variety of ways in which I’ll elaborate below. Helium mining hotspots are the way individuals get awarded Helium tokens.

Can you run a bitcoin miner on a mobile device?

Running a miner on a mobile device, even if it is part of a mining pool, will likely result in no earnings. Bitcoin "mining" serves a crucial function to validate and confirm new transactions to the blockchain and to prevent double-spending by bad actors. It is also the way that new bitcoins are introduced into the system.

Should I buy a used helium miner for sale?

When buying a used helium miner for sale, be sure to also first check if it’s on the Helium deny list. These hotspots have previously tried to cheat the system and steal HNT and will not be rewarded Helium tokens for being on the network.