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?

[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!