Honeyminer Review: Can You Make Money With This New Mining Software?

Do you want to earn passive income mining cryptocurrencies? If yes, then the Honeyminer mining software might be right for you. In this Honeyminer review, you will learn everything you need to know about this new bitcoin mining software and you will discover how much money you can make with it.

What is Honeyminer?

Honeyminer is an easy-to-use plug-and-play bitcoin mining software that enables anyone with a computer to start mining. By sharing your additional CPU and GPU power, Honeyminer will mine the most profitable coins and tokens for you and then automatically convert them into bitcoin to make cashing out as easy as possible.

However, your earnings depend on the power of your graphics processing unit (GPU) and the overall cryptocurrency market conditions. That means that with multiple graphics cards, you could earn more than with one graphics card.

A group of crypto enthusiasts, entrepreneurs, and security experts created Honeyminer with the aim of allowing anyone to take part in the blockchain revolution using their personal computer. Honeyminer is based in Hoboken, New Jersey.

How to Get Started With Honeyminer

To get started with Honeyminer, download the software from the company’s website and install the set up on your computer. Once the software has installed on your PC, create an account by simply entering your email address and a password.

The first window you see when you hit the ‘Get Started’ button is user-friendly and easy to understand. The features you will notice at first glance include the Honeymeter, an on/off switch, a balance and credits option, and a place where you can check current activity.

By default, Honeyminer does not begin using your CPU/GPU power to mine until you decide that you are ready. That is why the software has an on and off switch, which makes it flexible and convenient to use. Moreover, Honeyminer offers users a bonus award in satoshis to new users.

Mining With Honeyminer

When you are ready to start mining, turn on the switch.

Mining on Honeyminer begins from level one and your progress to the next level will be visible on the Honeymeter. To view the active CPUs and GPUs, click the full activity tab on your Honeyminer window. The activity panel indicates the number of active CPUs and GPUs as well as the coins mined.

On the settings option, you can choose whether you want to earn when your computer is idle or when the application is started.  In addition, you can decide to run GPU and CPU mining at the same time.

Below the settings window, there is a tab called expert logs where you can view what happened immediately after you started the mining process. For instance, your Honeyminer software might show that it downloaded a ZCash miner right after the mining process kicked off.

Linux miners can access the network’s private demand through Honeyminer Max and enjoy higher payouts. To use Honeyminer Max, you do not need an account. The upcoming Honeyminer Pro will have additional features that could improve the mining process and make it more profitable.

Security

Honeyminer is built to keep miners’ accounts safe through the use of two-factor authentication while digital assets are kept in cold storage to protect them from online threats.

Furthermore, Honeyminer’s in-house security experts compile and audit each line of code on the software to ensure that malicious code is not distributed. The company also makes sure that information passing through its servers is anonymous and encrypted.

The Pros and Cons

Honeyminer has the following pros:

• It is very user-friendly
• Creating an account is easy
• It is free to use. (Honeyminer takes a certain share of the total mining earnings on the network to sustain development.)
• It supports both CPU and GPU mining
• You can mine various cryptocurrencies. The software determines which coin is most profitable to mine at the moment based on your computer’s specs and the difficulty of every blockchain.
• You earn bonuses as you progress through the levels

However, the software also has a few cons:

• The software slows down your computer
• Your electricity costs might go up
• According to a review on Reddit, the software might have issues initiating some GPUs.

How Much Money Can You Make With Honeyminer?

According to the company’s website, computers with strong graphics cards can earn between one to three dollars a day. A standard desktop computer without any additional GPUs for mining, however, will only earn a few cents per day.

A member of Bitcoin Africa’s editorial staff tested Honeyminer on an old desktop and was only able to earn a handful of satoshis (equivalent to a few cents) for a day of mining. If profit is your only motivation, you will need to purchase mining equipment to make mining with Honeyminer worthwhile (as is the case with all mining at this point).

However, if your main motivation is to learn about mining and profit is not your primary goal, then the Honeyminer mining software is a great tool.

If you want to download Honeyminer and start mining at home, you can download the software here.