- Want to know about Honeyminer?
- Want to start mining Bitcoin without much investment?
If you resound with these questions, you are in the right place. I have been exploring options to mine Bitcoin cheaply but wasn’t able to find any solutions yet.
But recently found out about Honeyminer and tried to gave it a shot.
I must say Honeyminer is impressive and the most minimalistic setup you will ever need to get your hands-on with cryptocurrency mining.
But let me tell you:
That’s why Honeyminer is only for enthusiasts as well as beginners who want to taste how cryptocurrency mining looks like and what are potential returns without taking headache.
And since you are not taking any headache, the returns are as per the troubles you take, which is the obvious unwritten rule of the capitalist world we live in.
In a nutshell, it is plug and play kind of solution which is ever ready to introduce you to the world of crypto mining without procuring many types of equipment.
So let’s jump and let me tell you about following things one by one:
- What Is Honeyminer & How It Works?
- How To Get Started With Honeyminer?
- How Much Can You Expect To Earn?
- Features Of Honeyminer
- Can You Select Which Coin To Mine?
- How Is Mining Payment Made To You?
- Honeyminer’s Revenue
What Is Honeyminer Hotel Honey?
Honeyminer is a software application using which anyone can mine cryptocurrencies anytime just with a computer.
Honeyminer gives you access to sophisticated mining software using which anyone can mine cryptocurrencies using their laptop or old computer.
This way, you can start earning passively using cryptocurrency mining just by having your computer turned on.
How Honeyminer Works?
Honeyminer’s mining software you can install on your Mac or Windows PC or Laptop to get started, and you will start earning cryptocurrency mining rewards in the proportion of the computing power you contribute to Honeyminer through its software.
For those of you who don’t know:
Cryptocurrency mining is an energy-intensive process for which you need specialized equipment to generate enough computational power.
Honeyminer uses that concept but by pooling in computational power from as many computers as it can via their honeyminer software on them.
So when you are installing Honeyminer, you are permitting Honeyminer to leverage your CPU’s or GPU’s computational power.
The more power you provide by keeping your CPUs and GPUs running, the more you stand to earn in cryptocurrency mining. But this will be on autopilot mode as you need not do the monitoring work of your rigs.
Honeyminer finds the best possible coins that are most profitable for you according to the computational power your supplying and at the end provides you the mining rewards in the proportion of the power you supplied.
PS: Mining rewards are paid in Bitcoin to all the miners who install Honeyminers irrespective of whatever Honeyminer is mining.
How To Get Started With Honeyminer?
Getting started with Honeyminer is easy as it just requires you to install the software after which you can make your account on it using your email ID. Once this is done, your mining will start automatically and will continue untill you shut your system down or close the Honeyminer software.
So simplistically for getting started, do this:
- Go to this link and sign-up using your email. You will also get free 1000 Satoshis for this. [Not that profitable]
- Then download this Honeyminer software as shown in the below image.
- Now, install this Honeyminer software on your Mac or Windows system.
- Use the same email that you used while sign-up or from here only create an account to get your password.
- Keep running the software in your system and keep earning bitcoins as Honeyminer will keep converting mined coins to Bitcoin in your account.
How Much Can You Expect To Earn?
You can expect $1-3 per day as per the current Bitcoin rate with one GPU. With the Hotel Honey program, you can even expect more !!
But it depends on the power of your computer, specifically the graphics card(s) you are using in your system. Computers built for gaming or newer PC’s bought in the last year will make the most.
On the other hand, older computers and laptops will be able to mine as well, however not at the same levels as newer ones. On the high end, newer computers can earn $1-3 per day per GPU. (based on today’s value of bitcoin)
Features Of Honeyminer
- Fully audited code: The mining software’s code is fully audited and will not infect your computer in any way so remain assured about the quality of software.
- Asset protection: Whatever you earn is kept in cold storage and not on a hot wallet so you can remain confident about the security of your funds.
- 2-FA: Your Honeyminer also provides two-factor authentication for the extra security of your funds. Don’t ignore this important security measure.
Can You Select Which Coin To Mine?
Not at this point, you cannot choose which coins you should mine using Honeyminer.
The goal of Honeyminer is to create a ‘set it and forget it’ application for anyone and everyone to mine the most profitable coins. That’s why Honeyminer decides the best coins algorithmically to mine on your behalf to fetch you maximum profit.
But of course, in the future, Honeyminer will be providing this feature of choosing your own coins in the Honeyminer Pro version tell that time rest assured that Honeyminer would identify the best coins to mine for you.
How Is Mining Payment Made To You?
The mining rewards keeping getting accrued in your Honeyminer account on a real-time basis which you can anytime withdraw in reliable Bitcoin wallets.
So irrespective of whatever coins Honeyminer is mining you will always see your mining rewards in the form of Bitcoin. In the future, many other currencies will be supported for payments.
Honeyminer earns by providing its proprietary software to you and by taking a percentage of coins that get mined through your system.
For users with 1 GPU, the fee is 8%, and for 2 GPUs or more, the fee is 2.5%.
This much fee is I think worth it, and they should take it for the development and maintenance of software. So that’s how anyone and anywhere can dip their toes in mining without much investment.
However, this is not a comprehensive way of getting involved in Bitcoin or cryptocurrency mining, but for starters, it is definitely the best way to move forward.
These are my earnings after keeping Honeyminer ON on an old computer for few hours. However, the amount is not significant enough, but it does show that the application is legit.
So that’s all from me in this article on Honeyminee review, and I hope you like it. Don’t forget to share it with your friends who want to get started with mining cryptocurrencies !!
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.