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.
Topic: Thoughts on Honeyminer? - page 2. (Read 662 times)
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.
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.
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 
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.
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.
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.
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.
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).
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.
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!
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.
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!
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.
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.
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.
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.
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.
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.
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.
"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.
"
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.
"
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.
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.
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
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.
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. 
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.
Jump to: