Cryptocurrency and crypto mining goes along side, crypto mining is the process by which new crypto coins in been produced, released into circulation or minted, unlike the fiat currency such Nigerian Naira, Us Dollars etc, crypto coins have maximum supply and circulating supply, the maximum supply is the total number of token that can ever exist on a particular coin blockchain.
A good example of a cryptocurrency is Bitcoin which is the number 1 known crypto coin, it has a total supply of 21 million coins as its maximum or total supply, this means only 21 million coins of bitcoin can ever exist on the Bitcoin blockchain.
It has about 18.7 million circulating supply as at the time of writing this article, this means about 2.3 million Bitcoin or btc is yet to be released into circulation and mining is the only process of releasing the remaining 2.3 million bitcoin into the circulation.
How exactly is mining operation carried out?
Crypto mining is quite different from gold mining or any mining of physical substance, basically in crypto mining; computers are dedicated to work and record transactions happening on the crypto blockchain to verify if transactions are legit, for doing this operation such computer get reward some fractions of such token from the reserve.
With that explanation it’s safe to say bitcoin has around 2.3 million coins in reserve to reward those who are willing to dedicate their computing energy into recording bitcoin transaction on bitcoin blockchain.
Now that we are done with simple explanation of what mining is, let’s talk about the 5crypto token you can mine on your mobile phone.
Pi network is developed by groups of lecturers at Stanford University ,California. This is an attempt or a move to create a new crypto currency that would serve a lot of good purpose and also be available or accessible to everyday people like me and you as bitcoin is so expensive and most people can no longer afford bitcoin.
This group of lecturers-turn crypto enthusiasts made it easy for everyday people to get some tokens of this new crypto token/coin called Pi, all you have to do to mine Pi is to download the app and check-in every 24 hours.
Download Pi Mining app for Andriod or iOS today using the highlighted text for both android and ios devices and start mining right away.
You will be required to input a referral code before you can mine, without a referral code you won’t be able to mine.
My referral code is Slooreviews make sure to use it and gain free access to the mining platform.
Pi network has over 18 million active memebrs while the app has over 10m downloads on the Google Playstore.
Below is a video explanation on Pi network from my YouTube channel.
Bee is a knock-off of Pi network , Bee network or bee games on the other hand want to create a token that could be used for gaming and entertainment industry, just like Pi Network Bee games has decided to reward early adopters of their invention with some free Bee token.
Just like Pi Network, you need to download the Bee Games app before you can proceed to register and start mining the token by checking in once in 24 hours.
To download the Bee network app for android devices or iOS use the highlighted text. Just like Pi Network, you need a referral code before you can start mining the bee token, my referral code is Slooreviews make sure to enter it correctly and start mining.
The Bee network has gotten over 10 million active members, so try as much as possible to start mining today.
Below is a video explanation of Bee Games mining from my YouTube channel.
Timestope is quite different from earlier two crypto you can mine on your phone, this developed by a former employee of Google and some great crypto enthusiasts.
Timstope is developed based on the working principle of time or clock, as we only have 24 hours in a day, you can only get 24 timestope in a day, just like the aforementioned cryptos, you need to check in every 24 hours mark attendance, if you attendance approaches 0, you will forfeit your right to keep mining as it shows you do not have keen interest in the project.
As at the time of writing this article time stop is only available on Andriod platform, you can download timestope from Google playstore .
Read Also: How I Made $800 Mining Timestope on my Phone
Just like the aforementioned crypto apps, you need a referral code to be able to sign up and mine Timestope, my referral code is slooreview , they call it witness ID instead of referral code.
Timestope is growing very rapidly and approaching their kyc already, download timetsope today and start mining.
Below is a video explanation of timestope mining from my YouTube channel.
Unlike the 3 mobile mining crypto mentioned earlier, Phoneum is quite different, phoneum is not an upcoming app or crypto coin, phone is a crypto coin that has a value and is already listed 2 exchanges, as at the time if writing the article, a single phoneum token is worth around $0.0002252, it has a total supply of 5 billion and a circulating supply of 3.83 billion , so 1.2 billion in reserved to be mined.
To mine phoneum token, you need to download the app for Andriod or iOS and register, unlike the 3 mobile mining crypto token mentioned up there, it is not a must you use a referral code to start mining, but if you decide to use a referral you will get 200 Phoneum token (PHT) for FREE! My referral code is q8m1hjny input that correctly and you’d get 200 PHT.
The withdrawal threshold of PHT is 20,000 pht, once you mine around 20,000 pht you can withdraw your token to an exchange and sell it for other crypto currency.
On the phoneum token mining app, you don’t have to check in every 24 hours rather every 7 days, which made it a lot easier for me to mine.
Below is a video explanation of Phoneum token mining from my YouTube channel.
Unlike Bitcoin, Ant Network is crypto money based on a mobile-based mining system that brings a different perspective to the crypto industry where there is no energy consumption. The main purpose of this crypto money, which is named after the “ant”, which is known for its industriousness and doing its job in perfect harmony within a group, is to enable people to step into the crypto sector without any time or effort, through the group they have formed during the time they spend in the mobile world.
We well know that many people cannot step into the crypto world for simple reasons and take advantage of many opportunities that come knocking at their door. This is where our goal comes into play… We include communities in the crypto world through daily activities such as playing games and watching videos without spending any energy or time and enable both the crypto world and users to win
To mine the Ant Coin or Ant network you need to download the app for android from the highlighted text and use the referral code sloomontana to have access to the platform.
You can only mine 1 ant per hour at the moment, you can increase the mining rate by purchasing some booster but that would be story for another day.
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