Monero is well known for its anonymous transactions and dynamic balances. You can visit platforms like BitAlpha AI as it can help a beginner bitcoin become an advanced independent trader. The need for smart contracts is on the rise, which can be programmed to execute an agreement with a set of rules to determine the validity of events. 

The new blockchain-based distributed ledger technology creates immutable records that have identified and solved fundamental problems in transferring value and creating smart contracts capable of automatically executing digitized contracts. 

Monero is the potential cryptocurrency model allowing industries to create their own private, decentralized supply chain. Monero's secure and untraceable privacy features enable its adoption as a genuinely fungible cryptocurrency. In addition, Monero is capable of completely anonymous transactions, unlike bitcoin, where addresses and transactions are both public, but with Monero, every single transaction is private. The first use case of this technology can be seen in the emerging trend of the decentralization of internet services such as music sharing, online gaming platforms, and e-commerce.

Blockchain technology has emerged as an alternative to the centralized systems for sharing music, facilitating online gaming, and for online marketplaces for e-commerce. The below-listed portion explains how to start Monero mining with an android phone. With the correct information and patience, you can start mining Monero even if you don't have a good PC rig or a dedicated miner setup. All that's needed are an Android phone and the right software so let's get started.

Step 1: Setting Up Windows

First, you must download the WinUSB driver from your personal computer or laptop. Once it's downloaded, install it.

Next, you need a program called ADB. ADB is short for 'Android Debug Bridge and allows you to control an android phone from your computer and install apps on it. So, before downloading ADB, go here and choose one of these two links based on whether you have 32-bit or 64-bit Windows running on your PC

Step 2: Installing Monerominer App:

After downloading and copying the correct ADB binary to your PC, go to your Android phone or tablet and head to Google Play Store.

After installing the app on your android phone, you'll need to reboot your device for it to be recognized by the computer. And then it will open up a command prompt that looks like this: 

(C:/> _). It is where the magic happens. Make sure you see 'List of devices attached at the bottom of the screen after pressing enter.

Step 3: Downloading the Winnie app:

Now android phone is connected to your computer, and a command prompt opens up the Google Play Store again and searches for 'Monerominer' to download the app. 

You'll be asked for three things: a password for your account, an email address for you to receive alerts from Monero mining, and finally, what mining pools you want to mine at. After selecting the pool, choose whether or not you want to solo mine, as well as how much power (in Gh/s) you want your device's GPU (or CPU for AMD card users) to perform at.

Why is Monero Mining profitable on an android phone?

The short answer is that Android phones are relatively cheap nowadays, and you can find decent ones with a decent amount of RAM and a better GPU. Also, you already know CPU mining will get harder on mobile because of the latest ASICs released by Monero. Still, unlike other cryptocurrencies, the consensus mechanism of Monero is resistant to excessive use of GPUs and ASICs, making CPU mining viable. Usually, the majority of the gigantic Monero miner owns a CPU mining rig instead of ASICs and GPUs. 

Why is Monero famous as a privacy-based cryptocurrency?

Transactions are private, and tracking anyone or their transactions is impossible. Furthermore, Monero can evade any detection forensics; there is no way that any authority can trace your transaction on the blockchain.

 For regulation purposes, many countries have released their regulatory framework, especially for Monero; all the more, some countries have utterly suspended the utilization of this currency as it raises concern about illegal activities. 

Closure:

Monero android mining is highly profitable because android phones now carry a massive capability compared to most GPUs and CPUs; people are utilizing flagship android phones for heavy editing purposes.