Mobile-based crypto mining apps are touted as a way for users to earn cryptocurrency passively by leaving the app to run on their phone and mine digital assets in the background. However, the tiny amount of crypto earned is so small it’s essentially worthless, leaving many to suggest that the apps only serve to earn the developers money.
Coinhive, a popular website-based mining app, has been in the news lately for being manipulated by hackers to secretly mine crypto on unsuspecting users machines. A similar app called JSECoin, which claims to provide users with passive mining revenue, was found to still be available on Google Play despite it breaching the new rules.
While JSECoin claims to offer a method for only managing cryptocurrency mining it also has a feature that mines directly on the device. JSECoin CTO John Sim says the software was not intended to cause any harm. The app has since been removed.
Another mining app, called MinerGate, was also found to still be available. With a five star rating and over 1 million downloads, the app appears to be popular. However, critics claim it would be impossible to make any real profit with the tiny amount of GPU power a mobile device offers.
Google claims the apps are still present due to it offering a ‘grace’ period before removing them. However, it would seem even after the announcement new apps are being allowed to join the platform.
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