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Topic: Thoughts on Honeyminer? - page 3. (Read 649 times)

legendary
Activity: 1414
Merit: 1039
August 03, 2018, 06:38:30 PM
#7
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. Smiley

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.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
August 02, 2018, 09:50:55 PM
#6
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.
sr. member
Activity: 1218
Merit: 410
Secure your crypto : https://notyourkeys.org
August 02, 2018, 09:34:05 PM
#5
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.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
August 02, 2018, 07:40:30 PM
#4
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.
member
Activity: 226
Merit: 30
so.. hru?
August 02, 2018, 07:17:06 PM
#3
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. Smiley
legendary
Activity: 1862
Merit: 1505
August 02, 2018, 07:09:39 PM
#2
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. Smiley
legendary
Activity: 1414
Merit: 1039
August 02, 2018, 02:01:41 AM
#1
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?
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