This website is all about making money through Crypto as efficiently as possible, and possibly one of the best “set it and forget it” apps for this is Honeyminer. Let’s see what the app is and why it makes earning Bitcoins simple and effortless.
What is Mining?
First off, let’s talk about what the app will be doing. “Mining” for Cryptocurrencies is when somebody uses a computer (normally one specially designed for mining) to solve math problems in hopes of receiving the reward for unlocking a “block”. The technical details aren’t worth going into, but suffice it to say that there is a LOT of competition, and the chances of unlocking a block on your own are slim to none.
Rather, most people join a mining “pool” – a group that collects lots of people’s computer power together and distributes any rewards proportionally. Traditionally you needed some tech know-how to get the software set up and join the pool, but now Honeyminer makes this as simple as installing their app.
Just by installing and running the Honeyminer app, you will automatically be contributing your spare computing power to a mining pool, and you will automatically be rewarded with Bitcoin – sounds like easy money! Let’s check out how to get the program set up.
First, you will need to follow the link HERE to register and download the Honeyminer app. By using the link provided, you will automatically be credited with 1,000 Satoshis – more free crypto!
Just input your email, download the software install package, follow the instructions to set up your account, and you’re ready to start mining – it’s that simple!
Once you have registered, you will see a screen like the one shown below. The program will automatically use the extra computing power from your CPU and graphics cards to mine whatever the most profitable coin at the time is. You will also frequently be rewarded with bonuses as you continue to mine; some of these are as low as 5-10 satoshis, and some are over 1,000 Satoshis. Even more free crypto!
You can also turn off Honeyminer very quickly if you need to save computer power or electricity – just tap the slider in the bottom left corner.
Now that you’re set up on Honeyminer, let’s look at some of the features and how to withdrawal the Bitcoin that you’ve earned.
Withdrawals and Hotel Honey
From the Honeyminer homepage, you first will need to navigate to “Money” and then “Withdraw” on the left navigation bar.
You should see a page that looks like this:
The biggest thing to take note of here is that there is a Transaction Fee (currently 1,000 Satoshis) as well as a Minimum Transaction Size (currently 2,500 Satoshis). Both of these are standard for Bitcoin transactions, so don’t feel like you’re getting scammed!
You will need to make sure that you have a wallet set up to receive your Bitcoin – as always, we highly recommend Atomic Wallet.
One other thing to note is that Honeyminer allows you to purchase extra mining power through their “Hotel Honey” program. For most people, this is NOT worth the money – it is almost guaranteed that you will make less than you spend. There are some cases where it may be worth the cost (e.g. Solo Mining and pooling extra power), but in general, don’t even worry about it. Trust me – I’ve paid for the extra hashing power and it is clear that I won’t make back my initial investment!
Other programs will passively mine in the background for you (see our review of CryptoTab), but for our money, Honeyminer is hands-down your best bet. Couple this with Brave Browser and your passive earning can skyrocket!
As always, leave any questions below in the comments and we’ll do our best to help you.