Since Bitcoin hit the mainstream airwaves and people started to believe in the technology and ultimately the message within it, the next question most wonder is ‘how to earn bitcoin' vs buying it or attempting to be a risky day trader to flip it into profits. And because of new opportunities within the buzzing blockchain space, cryptocurrency mining software apps and browsers (even malware and cryptojacking) are starting to pop up and the next one to research is Honeyminer which ‘makes mining and earning money simple for anyone with a computer'.
It starts off by asking are you interested in starting to get money by mining? Mining is a vital process to most cryptocurrencies because it secures the network and validates the transactions on a distributed public ledger known as a blockchain. For most coins, without it, they would simply not exist or be nothing more than a database. Because of this, many companies offer solutions and services to help the people who are interested in this activity. HoneyMiner, which we will review today, is one of these new products.
What Is HoneyMiner?
Honerminer is a mining company that gives access to sophisticated cryptocurrency mining software to anyone who is willing to pay for it. The company is piecing together a message of wanting to get you into the crypto revolution and to earn a passive income without even needing to buy the equipment or program. The website says you can sign up in a minute and become an expert miner if you stick with it. For most, they are going to be looking for a passive way to generate extra bitcoin vs trying to learn how to trade it day to day.
The company uses encrypted software that uses the SSL technology and encryption to make the clients always protected at all times. The servers are also 100% anonymous and decentralized. To use the services that are offered by the company, you will have to use a 2-factor authentication to ensure that only you will be able to use your account. Every line of the Honeyminer code is audited and there is no risk of malware.
How To Use Honeyminer?
To use the services of the company, you have to download the software, which will scan dozens of tokens and choose the most profitable ones to mine. All the tokens will be automatically mined and sent to you in a daily basis. They get on your account and you can use them to invest in more hashpower and profit more or you can withdraw them for cash.
The software of the company can easily be used to mine tokens and convert them to Bitcoin using your CPU and GPU power. You can earn from $1 to $3 USD daily without doing anything.
If you are interested in more features, though, you might want to wait until the company launches the Honeyminer Pro because it will have several new features that will be used to upgrade the mining and make it more profitable and customizable.
The Honey Miner Verdict
Our reaction of Honeyminer is mixed. This does not seem to be a malware or any type of scam software, but on the other hand, it does not seem to be a really good software either until further testing is done. Once we see things progressing here we will update this review with the insights we find with direct use.
The HoneyMiner cryptocurrency mining software that says you can earn profits from your computer's GPU is doing all of this for free – and mining is done 100% with your GPU and CPU. However, we know this will likely slow down your computer and also cause more electricity to be used for the fan. Because of this, the efficiency of this activity will be very low. We are not really sure that your energy cost will be superior to gaining $1 to $3 USD daily via mining. However, those that can do the math and know the odds this might be worth the risk and potential reward it could have.
One thing we would ask is to make sure and leave comments below so we can know how it is working out for the rest of you so we can continually update this review on Honeyminer should it turn into something worth while.