Honeyminer: Earning Fractions Of Bitcoin Just Got Simpler

Honeyminer has supposedly come up with an efficient and simple way of mining cryptocurrencies and getting compensated for anyone with a Windows computer.

The goal is to increase access to its mining software, which will allow users to potentially make a passive income out of it. While the earnings are not as high as one could expect (approximately 2.5 to 8 percent), it is definitely the easiest method to exist to date!

Honeyminer has recently shared several of its specs with CoinDesk, and it appears that the crypto mining startup has been silently working its way up, as it launched its free beta sometime in June. A representative of the firm also shared that as much as 10,000 downloads were made.

For the time being, the types of cryptos that Honeyminer will support are those that based off of graphics processing unit (GPUs), including the likes of Ethereum, Ethereum Classic and Monero to name a few.

Honeyminer’s Advisor, Noah Jessop told CoinDesk that the set tasks are made simple adding that users do not need to worry over “math or manage all configurations and settings, or manually check the prices.”

According to the Co-Founder of Honeyminer, Larry Kom, the goal is to “find those block rewards faster” that way they can achieve a “larger hashrate”. He added that users will be contributing to a pool, as opposed to simply having access to blockchain anonymously.

For those looking to invest in bitcoin, but do not necessarily have the funds for it can use this as a way to acquire knowledge. This will not only allow one to understand the mining aspect of cryptocurrencies, but also encourages one to “download a program in 30 seconds and start earning your own crypto, for free,” as per Jessop’s quote.

According to the claims made, Honeyminer stemmed out of the issues bitcoin mining is known for. Jessop added that the firm’s been watchful of bitcoin and believes that “the arms race escalates to this custom hardware and then people who have access to the best silicon tabs are the people who control mining.” He also shared that the goal is to welcome newcomers, that way they can test the water, before fully engaging in the crypto market.

This viewpoint does not seem to set well with the CEO of Nebulous, David Vorick, who told CoinDesk that it may further stimulate a centralized system because “all you’ve done is move the power from mining pools or users who have to be advanced to software kits.” Vorick also believes that GPUs will be easily taken over by ASICs, a mining hardware.

As for what Honeyminer has in store for the future, it seems that more focus will be placed on facilitating procedures for newcomers. The firm has mentioned that new features are in store and that it will make transferring one’s holding to a crypto exchange a possibility. In addition, the Honeyminer Pro is currently in its development stages, which was tailored for experienced miners, who need better software and more options of crypto mining. Lastly, an iOS or Apple version is set to be released shortly.

For more information on Honeyminer, go to: https://honeyminer.com

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