Thoughts on Honeyminer?

[player514]

https://honeyminer.com/

I've recently seen more mentions of Honeyminer on my news article feeds and had the chance to quickly glance over what they do. Essentially, they're a way for people with just about any electronic device mine at a low hash rate while earning money for what they're doing. The company makes money by taking cuts, so I think they have a decent platform for themselves, but the average user makes very little money.

There was a recent interview mentioned here: https://bitcoinist.com/honeyminer-brings-user-friendly-crypto-mining-to-the-masses-interview/

Seems like the company overall is very supportive of crypto. Their official stance is bullish and they also convert all mined coins over to Bitcoin because that's the coin they see the most promise in. As much as I want to like the company for these stances, something (the low profits) makes me feel like they aren't much more than a sham.

What are your guys' opinions on the product and company?

[1715553989]

1715553989

[1715553989]

1715553989

[Raja_MBZ]

Seems interesting, I've given it a try and this is how I'd like to review it:

1. Interface looks similar to NiceHash desktop miner which I used in 2015 (it used to be one-click application, I'm not sure if they still have it as they've mostly switched to GPU-only mining applications), except for few fancy graphics upon first-time opening.

2. No threat detected by my Windows Defender.

3. Not very much optimized for high-end GPUs (I tried it with my RX 480/470).

4. Working on my low-end laptop.

5. Good for mining mass-adoption.

[HiDevin]

Level up system is interesting. I was getting around 15 satoshi bonus for leveling up.

I'm not really mining there anymore considering that

3. Not very much optimized for high-end GPUs (I tried it with my RX 480/470).

Though it is very user friendly, I withdraw a day ago and it still hasn't came to my wallet yet ( probably having trouble )

There's no benchmark on demand to mine like nicehash, so that's a plus, I guess.

I don't really use nicehash, I just mine ETH on ethermine but maybe it can use 3rd party software in the future like nicehash does ( Claymore's ETH Miner/ some other 3rd party amd/nvidia miner ), though it prides on the fact that it's software is made by the HoneyMiner team.

It's not really different from other places to mine, unless you have a mass following because the referral program gives you 10% of what they earn from your referrals ( 0.25% )

Anyways that's my review on it.

[BitMaxz]

This is still in beta version and it only works with windows so both Linux and Mac still under development.

Anyway, like the other said it is likely Nicehash that all coins you can mine with this software are automated convert to bitcoin.

If Honeyminer could give a higher payout with less withdrawal fee may be those who used nicehash would switch to Honeyminer, but for now, it is still in beta version so they can be still experienced some bugs compared to old software like nicehash.

[cissrawk]

Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.

[leowonderful]

Seems very user-friendly and, as stated on the site, 'makes mining and earning money simple for anyone with a computer.'. Might not be extremely profitable, but the way this piece of software is positioned it may make people look into crypto more. It's definitely not the greatest for dedicated graphics like Raja said ($0.79/day with a 1070 vs $1.12 before elec on Nicehash), but it's simple and easy to run. I do like that they state in their FAQ that this miner isn't the greatest for experienced miners and that they'll be releasing a Pro version soon; I'll be watching out for that.

[player514]

Seems very user-friendly and, as stated on the site, 'makes mining and earning money simple for anyone with a computer.'. Might not be extremely profitable, but the way this piece of software is positioned it may make people look into crypto more. It's definitely not the greatest for dedicated graphics like Raja said ($0.79/day with a 1070 vs $1.12 before elec on Nicehash), but it's simple and easy to run. I do like that they state in their FAQ that this miner isn't the greatest for experienced miners and that they'll be releasing a Pro version soon; I'll be watching out for that.

Yup, this is what a lot of people have said not just here but also on many reviews. The profit rate isn't really high, but it's meant to be an introduction to mining -- a way for people to realize that there is money to be made by utilizing computer parts they don't always use. Although, the fact of the matter is that I don't even think this covers enough to justify the electricity usage.

Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.

The UI is really attractive. I think the rewards for level up are just incentive to stay on the site. If you think about the amount you get, it's practically negligible. Even though it's meant to be incentive, it makes me wonder why people would stick around and use this even though there's such a low amount of profit here.

Seems interesting, I've given it a try and this is how I'd like to review it:

1. Interface looks similar to NiceHash desktop miner which I used in 2015 (it used to be one-click application, I'm not sure if they still have it as they've mostly switched to GPU-only mining applications), except for few fancy graphics upon first-time opening.

2. No threat detected by my Windows Defender.

3. Not very much optimized for high-end GPUs (I tried it with my RX 480/470).

4. Working on my low-end laptop.

5. Good for mining mass-adoption.

I'm curious, how did it work on your low-end laptop? Around what was your profit?

It's nice to see it wasn't a security threat and that it was pretty easy to use.

[SFR10]

What are your guys' opinions on the product and company?

• I really hate the whole "Calculate your earnings" section (it's misleading).
• Their 8% mining fee for users with a single GPU, is quite a lot.

[Patatas]

What are your guys' opinions on the product and company?

• I really hate the whole "Calculate your earnings" section (it's misleading).
• Their 8% mining fee for users with a single GPU, is quite a lot.

lol if one gives out 8% of their earnings which are barely a few satoshi's, I wonder what would be left to withdraw + the transaction fees.

Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.

Better yet, mine some shit-coin on a nodejs based miner. You will definitely get more than a satoshi for your time. And if you're lucky enough, the Bulll run will have surprises for you.

[HiDevin]

What are your guys' opinions on the product and company?

• I really hate the whole "Calculate your earnings" section (it's misleading).
• Their 8% mining fee for users with a single GPU, is quite a lot.

lol if one gives out 8% of their earnings which are barely a few satoshi's, I wonder what would be left to withdraw + the transaction fees.
Better yet, mine some shit-coin on a nodejs based miner. You will definitely get more than a satoshi for your time. And if you're lucky enough, the Bulll run will have surprises for you.

^^

The transaction fee though is 2500 satoshis at the moment, I withdraw 4-5 days ago and just got it today. Like what Patatas says, you'll be better mining a shit coin and hoping it skyrockets

[RadiontLoss]

I personally  think honeyminine needs some more time to grow. Though this platform is not much profitable and well-functioned compared to others but it is quite simple and easy to use and run.

[CoinMarKetHW]

"I personally won't do it for $.45 a day. Especially since new
GPUs will be hitting the market soon, the time investment will
only be there for a few more weeks. You would probably only
be able to get $15 or so before difficulty massively increases.
"

[CoinMarKetHW]

Honeyminer is very helpful for cryptos. It is highly probable and profitable. I think it's a very safe for investment. It has been developed in advanced technology. Which is committed to ensuring safety.

[larkscrypto]

Honeyminer is a mining interface that lets you earn coins and have a good hype in media as well as a good review from users. Though the app needs to be launched for Mac and linux also to have more people engaged.

[WrayburnBTC]

Fro me its seems to be very user friendly. Its simple for everyone with a computer. The most important thing is way this piece of software is positioned it may make people look into crypto more. I accomplish like that they shape in their FAQ that this miner isn't the greatest for experienced miners.

[bonballi]

I used minergate before and it reminded me of that, seems very easy to use. Level up reward is also a feature many of us would be interested in. However, there are some basic upgrade needed for it to become user friendly. But, seems like a very good way to mine coins for those who don't have high end gpus or don't care about a huge amount of profit from mining in a short period of time.

[milewilda]

Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.

Better yet, mine some shit-coin on a nodejs based miner. You will definitely get more than a satoshi for your time. And if you're lucky enough, the Bulll run will have surprises for you.

Im not really interested into these kind of mining where you would mostly select up those coins who are on top list and based on the hashes which your computer can give. In any angle you wont really see it profitable for you which simply its a "waste of time" rather but on general sense this do add up some exposure for those people who just recently jumped in to crypto mining which this thing will give some ideas but not really ideal to focus to make money. Same as you suggested i do rather choose up to mine low-difficulty shitcoin than into these coins available in most pc miners.

[BitcoinMaster555]

This is more like an app or a software, honeyminers that it, which will let people to mine coins eliminating the need to have an upgraded equipment. Even though it does sound appealing, the main concern is if the quality of the coins will be compromised or not.

[KingKongBong4152]

This seems very easy to use and operate, with good rewards for higher level usage. For me, seemed a very good option for mining coins in a short period of time. There is a few accustomization needed in the beginning level for it to become more acceptable and friendly to newbies.

[buwaytress]

I tried Minergate in 2016 for a few months on my machine (it was a year old then, low-medium end, still use it today) when I was renting a place with electricity included. Had a quad core doing it full time on Monero (this was also when XMR was shooting up) whenever idle. I barely got half a Monero, after withdrawal fees. Even at the ATH, I'm not sure the $120+ would have made up for all the electricity spent in 3 months. Honeyminer looks way easier, but if their 8% fee is true, potentially better (Minergate had a fixed fee when I used it so it was shite to withdraw small amounts).

What are your guys' opinions on the product and company?

• I really hate the whole "Calculate your earnings" section (it's misleading).
• Their 8% mining fee for users with a single GPU, is quite a lot.

lol if one gives out 8% of their earnings which are barely a few satoshi's, I wonder what would be left to withdraw + the transaction fees.

Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.

Better yet, mine some shit-coin on a nodejs based miner. You will definitely get more than a satoshi for your time. And if you're lucky enough, the Bulll run will have surprises for you.

Fun experiment for sure but I agree. If you really want to experiment with mining, do it for some shitcoin, or some really unknown PoS (stake). See some coins come in, and yeah, next bull run could really turn those satoshis into something. The hassle of signing up for a shit exchange to dump 'em though!

[siddartha1492]

The app seems very user friendly and I also liked the referral structure. Only 5%-10% of company's commission and not the user's. Even the company commission is 2%-8% which is very low compared to most other online miners which take up to 30%!! This will certainly enable users to earn much more.  But yes, personally I think it is a waste of time. There are far better ways to earn than burning your graphics card, electricity and have lower PC performance. If someone has cheap resources then they can surely go for it.

[player514]

The app seems very user friendly and I also liked the referral structure. Only 5%-10% of company's commission and not the user's. Even the company commission is 2%-8% which is very low compared to most other online miners which take up to 30%!! This will certainly enable users to earn much more.  But yes, personally I think it is a waste of time. There are far better ways to earn than burning your graphics card, electricity and have lower PC performance. If someone has cheap resources then they can surely go for it.

See, the issue here is that if they're taking such a low cut and the users are making so little money, how are they going to sustain themselves?

A few ideas I have are that:

• Maybe they really don't have a lot of employees / things that need money over time. This would mean that they get to spend less on themselves, resulting in pretty much pure profit
• Their service will not often be worked on. Now that they have the proof of concept, they'll keep using it as they do until people get tired of it, at which point they'll somehow bring some interest back with an update of sorts.
• They just go out of business because their business model does not bring in enough income nor generate enough curiosity

As much as the idea is cool, I see the general consensus is that Honeyminer is a waste of time and resources for most people involved. Someone earlier in the thread mentioned just using a node.js coin to mine a shitcoin, and honestly, that might be better than this as far as I know.

[cryptovally01]

Honeyminer seems like a really good mining platform for people who cannot afford to do ASICS mining, however, if it safe or not and if it causes any damage to your devices hasn't been tested yet. Moreover, the amount of coin it mines is very low as the process is slow compared to other mining process available. Hopefully, these shortcomings will be looked upon by the developers.

[OffGrid54]

I hope Honeyminer which is similar to minergate won't cause harm to any device that is being used to mine it. Moreover, there are some shortcomings which is definitely need to be worked on by the developers. Hopefully, it will become a very good mining tool once it comes out of beta phase.

[WaffleMaster]

The company makes money by taking cuts, so I think they have a decent platform for themselves, but the average user makes very little money.

Regardless if the average user is making just a little money, the ethics involved with them profiting only from taking cuts is a really good sign. On that fact alone I would say they are a great company and believe that they will have good organic growth if it is truly how they make their money. Adsense never hurt either

[Raja_MBZ]

Seems interesting, I've given it a try and this is how I'd like to review it:

1. Interface looks similar to NiceHash desktop miner which I used in 2015 (it used to be one-click application, I'm not sure if they still have it as they've mostly switched to GPU-only mining applications), except for few fancy graphics upon first-time opening.

2. No threat detected by my Windows Defender.

3. Not very much optimized for high-end GPUs (I tried it with my RX 480/470).

4. Working on my low-end laptop.

5. Good for mining mass-adoption.

I'm curious, how did it work on your low-end laptop? Around what was your profit?

It's nice to see it wasn't a security threat and that it was pretty easy to use.

Core i7 4th generation with no dedicated graphics. Around 10 cents worth of satoshis a day, already uninstalled.

[BestBoardroom36]

It is still under developing. Yeah it’s likely nicehash. I think if it can give the user less withdrawal fee and high payouts then maybe people will go for honeyminer.

[CrucialTechnology57]

It seems very user friendly. It is still a beta version. It usually mine xmr and no other coin now. I hope it will develop more and gain more popularity.

[ExceedBlue012]

Thank you so much for this article on honeyminer. It is great that this company paying attention to crypto with this platform. Bit functionalities very same as nichash but what honyminer is very user friendly

[ExpediteStyle201]

Well the approach of honeymine is nit bad but it seems some improvement has to done on it. It has only one version that is the beta one what only works on windows only.

[-Rodger]

Hello, new here.

I have been using Honeyminer for a few days now.  Having GPU problems with some older machines and older GPU's, but the biggest problem is multiple GPU's are not working properly at all.  Super low hash rates on all GPU's except the machine that starts up first.  It will have someplace around 35Mh/s or so, but every GPU on either the same machine or on other machines using the same login, will be somewhere around 2.9Mh/s or so.

Been working on this with tech support at Honeyminer, but they are not able to fix it.  Actually an upgrade came in and it did nothing to fix it either, even though the upgrade was suppose to be for GPU's no working or working properly.  As a use-to-be programmer, it would seem a very simple task to fix this sort of thing, as it is obviously related to the number of GPU assigned to a single login.  But then again, I have not programed for about 20 years or so, so maybe things like this are not easy to fix anymore, HA. 

Anyways, what I see here is GPU's doing their, work as all of the GPU's are running full out.  How that would be possible and not get even close to acceptable hash rates is on any of them except the first one starting is pretty hard to figure.  I hate to say it, but the simple answer here is it's setup this way purposely.  If so, why?

I know my guess, but since I could be wrong, I'll not spell it out.

Anyone else seeing this on Honeyminer if using multiple GPU's on the same login?

Curious minds would like to know.

-Rodger

[Ros-In]

• Avast block honeyminer and I had to make an exception.
• CPU Only with core i3 -- found nothing (0 sathoshi monthly potential after 12 minutes honeyminer running).
• Multiple GPU -- miner console shown AMD RX560 and AMD RX580, but I didn't see nVidia Gtx 1050 Ti. I'll prefer coins4hash than honeyminer if I need withdraw btc.
• Already uninstalled.

[Raja_MBZ]

Wow...

Honeyminer Signs Up 50K Users for Easy Crypto Mining App

Revealed exclusively to CoinDesk, the startup's user base has swelled to almost 50,000 since launching in June.

https://www.coindesk.com/bitcoin-gpu-crypto-mining/

[maumaugurin]

I've just given HoneyMiner a glance and their feature of working with any electronic device is really remarkable because there are many who can't use it due to having no laptop, so it's a really good feature. They are pretty much good, but as you said , low profit stands as an obstacle to their way of being a relatively good coin.

[pixie85]

Core i7 4th generation with no dedicated graphics. Around 10 cents worth of satoshis a day, already uninstalled.

If this is what the application is capable of I'm not seeing a great future ahead of them.
Even if it were to be 50c with a god graphics onboard it's like nothing when you have to add fees and the power  bill. What will a good computer be able to mine? If it's $10 a month or less nobody is going to run it. I think it's getting popular now because people don't know the real numbers and want to try it out but the results are disappointing.

[quicksilv3r]

Honeyminer makes mining and earning money simple for anyone with a computer.
Signup at http://x.co/honeyminer  << 1000 free Satoshi REFERRAL link.

[Khalil4]

good

[sabiansoldier]

Been using it a few weeks now - you're not going to make a fortune with a consumer grade pc or anything but for what its worth its fun and easy to use. I'm enjoying it so far

[nc50lc]

Been using it a few weeks now - you're not going to make a fortune with a consumer grade pc or anything but for what its worth its fun and easy to use. I'm enjoying it so far

Today, we're not really making any profit with Altcoin mining either (small scale); with just a few exceptions though.
I didn't use the service because of the obvious reasons (minimum payout but they accept "low hashrates") which will take years even with GPUs with their non-optimized miner.

Is this the same as Coinhive? ...But pays in Bitcoin.
If you don't know coinhive, it's kind of a miner embedded in the site's code to mine via browser using the CPU of the PC (monetization alternative).
All the hashes will be summed to the website owner's account to be used to mine Monero in coinhive's own pool.

[Last of the V8s]

coinhive is fucked https://ambcrypto.com/coinhive-announces-termination-of-operations-citing-econmic-inviability-in-light-of-monero-hard-fork/
while honeyminer remains the frontrunner in this biz

[coin-investor]

Mining is not profitable as it used to be the only who are making profits are the GPU maker, I used to mining on altcoins when I was just starting out but when the difficulty is getting higher and another miner is beating me I have to let it go, bounty campaign is much better now compare to mining.

[Hamphser]

Mining is not profitable as it used to be the only who are making profits are the GPU maker, I used to mining on altcoins when I was just starting out but when the difficulty is getting higher and another miner is beating me I have to let it go, bounty campaign is much better now compare to mining.

Comparing mining and bounty campaign is really irrelevant.We can really say that profitability is already a problem but atleast you do gain some tokens which do have some value and might
possibly rise in the future but well it would really need for you to sacrifice on the expense (electricity & maintenance) if you do plan to proceed. For bounty campaign
you don't even know if the said token rewards would gain value or would just end up to be a shitcoin.

[cheezcarls]

I did tried Honeyminer for once in my PC, however, it’s just that it crashes from time to time. Maybe it’s because my GPU isn’t enough, so I should buy more of that. My memory 8 GB looks fine. The good thing about Honeyminer is that its pretty easy and simple to use.

One concern is that it isn’t profitable anymore to mine Bitcoins (unless we could afford to buy a lot of PCs and cover electricity costs). For me, I think Honeyminer is a good mining software (only if we could turn back time when Bitcoin mining is still profitable years ago).

[imstillthebest]

I did tried Honeyminer for once in my PC, however, it’s just that it crashes from time to time. Maybe it’s because my GPU isn’t enough, so I should buy more of that. My memory 8 GB looks fine. The good thing about Honeyminer is that its pretty easy and simple to use.

thats strange . honey miner is not big and it can run on almost any device  . it did also run on my low end laptop but why it didnt run on yours  ? hmm maybe you did something wrong ?

One concern is that it isn’t profitable anymore to mine Bitcoins (unless we could afford to buy a lot of PCs and cover electricity costs). For me, I think Honeyminer is a good mining software (only if we could turn back time when Bitcoin mining is still profitable years ago).

even if you can turn back the time  , mining using honey miner is not still profitable when compare to a real hardware miner  . thats a bad move either when you buy alot of pc's just to mine using honey miner  . why cant you just use that money to invest directly on bitcoins ? its less hustle plus you can get 10 times more profit than in mining .

[smyslov]

Mining is not profitable as it used to be the only who are making profits are the GPU maker, I used to mining on altcoins when I was just starting out but when the difficulty is getting higher and another miner is beating me I have to let it go, bounty campaign is much better now compare to mining.

Comparing mining and bounty campaign is really irrelevant.We can really say that profitability is already a problem but atleast you do gain some tokens which do have some value and might
possibly rise in the future but well it would really need for you to sacrifice on the expense (electricity & maintenance) if you do plan to proceed. For bounty campaign
you don't even know if the said token rewards would gain value or would just end up to be a shitcoin.

Yeas I agree if I have the means and if mining is still profitable Honeyminer is a good software to install to mine Bitcoin, at this point there is a profit to be made from mining than doing campaign to ICO, you are lucky if the coin you promoted has good value in the market some of them ended like a shitcoin.

[iv4n]

Core i7 4th generation with no dedicated graphics. Around 10 cents worth of satoshis a day, already uninstalled.

If this is what the application is capable of I'm not seeing a great future ahead of them.
Even if it were to be 50c with a god graphics onboard it's like nothing when you have to add fees and the power  bill. What will a good computer be able to mine? If it's $10 a month or less nobody is going to run it. I think it's getting popular now because people don't know the real numbers and want to try it out but the results are disappointing.

I wonder how much you can earn with honeyminer cause I'm seeing advertising about them almost everywhere. So 10 cents per day, for some newcomers and people who are getting in now maybe that's a good thing, that or to claim faucets.
Well first I thought it's total scams, that's the reason why I didn't install honeyminer in the first place. Even thou topic is interesting and honeyminer looks interesting I will probably skip it.

[Lanatsa]

Core i7 4th generation with no dedicated graphics. Around 10 cents worth of satoshis a day, already uninstalled.

If this is what the application is capable of I'm not seeing a great future ahead of them.
Even if it were to be 50c with a god graphics onboard it's like nothing when you have to add fees and the power  bill. What will a good computer be able to mine? If it's $10 a month or less nobody is going to run it. I think it's getting popular now because people don't know the real numbers and want to try it out but the results are disappointing.

I wonder how much you can earn with honeyminer cause I'm seeing advertising about them almost everywhere. So 10 cents per day, for some newcomers and people who are getting in now maybe that's a good thing, that or to claim faucets.
Well first I thought it's total scams, that's the reason why I didn't install honeyminer in the first place. Even thou topic is interesting and honeyminer looks interesting I will probably skip it.

Theres no interesting thing about it but rather a complete waste of time to consider for you to download or do mine with it.
With that kind of earnings I don't know whose gonna be the one would consider to proceed on.You are just totally wasting up your
time and resources and its much better to engage into other things which do have higher chance of profitability.