Are you aware that there is software with which you could mine cryptocurrency on your computer? Honeyminer is a company that bridges the gap between expert miners and the beginner through their platform that easily mines coins that are easier to extract and convert them to bitcoins.
According to the company website,
“Honeyminer gives anyone easy access to sophisticated mining software. Imagine earning meaningful passive income just by having your computer turned on, all while taking part in the blockchain revolution.”
Honeyminer which started operation in 2018 has proven that it means business in its quest to make bitcoin adoption a reality through a platform that makes mining less laborious.
A Leading Crypto Mining Client
The software runs on personal computers and what the user needs download it to start mining cryptocurrencies. Downloading the miner means that you join the Honeyminer community which pools the hashpower of devices in its network.
Honeyminer is one of the few genuine mining companies that is actually involved in a provable cloudmining service.
Even though mining has become increasingly difficult and competitive, the company is making it possible for anyone that owns a computer to own their own bitcoins without spending money.
Mining Without Payment
This is very unlike what is obtainable in the industry in which many scammers are setting up websites asking people to deposit bitcoins to enable them mine.
With Honeyminer, you can actually mine with your computer. The company’s approach of mining easier to extract cryptocurrencies and converting them to bitcoin is the best technique in earning BTC easily.
How Much Can You Earn With Honeyminer?
Mining is challenging these days especially if your target is bitcoin. On their site, Honeyminer estimated how much a user of the platform could earn if they hodle the coins they generated.
Hodlers are those that stock their BTC instead of spending them immediately they are earned. According to Honeyminer, individual earning depends on the power of your computer.
Newer machines with high GPU and CPU power would generate more coins than those that own machines with lower capacity. An estimate of the earnings is from $15 to $75 monthly.
So if you download Honeyminer today, at the rate bitcoin value appreciates you should expect to own more than $5000 in 5 years and close to $20,000 in ten years. This possibility is dependent on hodling.
Security of the Honeyminer System
The company is growing in popularity partly because of its innovativeness and the fact that it maintains very high standard of security.
Highlighting this on the site, the company wrote:
“We use Secure Sockets Layer (SSL) and aggressive encryption to ensure that information passing through our servers is anonymous and protected.”
Individual accounts could be secured using double authentication. The company in addition monitors users’ accounts to make sure that suspicious logins are detected.
The Honeyminer code has gone through a comprehensive audit so user are rest assured that the company delivers on its promises.
The generated coins that have not been withdrawn by users are stored in cold storage. This forecloses the possibility of online hacks by malicious players.
“Every line of code is audited and compiled in-house by our security experts. No risk of malicious code distributed by anonymously-produced mining software.”
Will Honeyminer Affect Your Computer?
Since Honeyminer is a new software, it is possible that your antivirus will flag it as malicious but you shouldn’t be worries. Temporarily disabling the antivirus or giving it permission to accommodate the software is recommended.
Honeyminer is perfectly safe to use as one of the certified and signed by DigiCert. The software went through complete audit from one of the most respected code auditing companies.
However, it is recommended that you switch it off if you want to use your computer to watch movies since the same graphic card used for videos drives the software.
Honeyminer wants to build an upgraded version that will suit professional miners with their proposed Honeyminer Pro. This would enable users monitor all the coins they mine.
There may be an option for the user to mine altcoins in future but for now Honeyminer converts all mined crypto to Bitcoin for easy access and withdrawal by users.
How Does Honeyminer Make Money
The company takes just 8% of the profit from your mining activities. This is unlike many other cloudmining companies that charge fees as high as 20%. If you run two machines the Honeyminer fee is reduced to 2.5%.
Downloading the Honeyminer software gifts you with 1000 satoshis. You could also join the list for the Honeyminer Pro that is still in development.
Getting honest mining services that deliver on their promises happens very rarely. This is why Honeyminer is commendable for what the company has done.
Nevertheless, bitcoin mining even with all its potentials has some limitations in that it wouldn’t make you wealthy unless you have substantial capital to buy state-of-the-art miners that cost hundreds of dollars.
You’ll actually need hundreds or thousands of these miners to make quick wealth. This is why I recommend other means of growing your assets. You can follow the copy trading option and get the same result as professional trader you copy.
Have you used Honeyminer? Send in your comment below.