There are many different kinds of Crypto currency cloud mining operations on the internet, and Honey Miner claims to present an opportunity for mining BTC but from a different angle. As a result, this has caused a scenario where-by people are skeptic when it comes to the thought of generating Bitcoins using HoneyMiner. The big question here is what is HoneyMiner, and is it a legit platform for generating Bitcoins through mining?
Please note that if you’d like to quickly generate Bitcoins from reliable cloud mining operations, these sites are providing the opportunity for doing so. Otherwise, if you are interested in Honey Miner, here is a complete analysis of the site and what it offers. Keep in mind that the site is still new, and there are many people who have already found it and are wondering whether or not to give it a try.
As opposed to the traditional mining where you purchase hash power from a company so that the entity can start mining for you in the cloud, Honey Miner is offering a mining software and putting the ball in your court – that is, you will use your own CPU to mine Bitcoins once you have purchased the software. Of course this brings a host of problems into the equation which might not work in your favor. But since we are reviewing Honey Miner with an open mind, we will cover all the aspects of the site and let you know whether or not it is a good one to try out.
The site basically claims that it is selling a sophisticated Crypto currency cloud mining software to the masses. The site intends to help people mine Crypto currencies affordably and without the hustles that come with investing in hardware or expensive programs. The site claims that you can sign up in a minute to become an ”expert miner” if you stay long enough. It is not clear why the site is using the phrase ”expert miner”. Perhaps users have to climb up stages the way it happens with Crypto currency ponzi schemes. That’s the initial impression that the site is giving when they claim that you can become an expert miner after a certain period of time. The question is, why can’t you become an expert miner immediately you purchase the mining software? Is there a catch?
To make clients feel more comfortable with the software, Honey Miner says that they have encrypted the software with the latest SSL technology to ensure that it is a very safe mining software to use. In order to confirm this, we need to download and install the software first. We can then test any security flaws that might exist in the software. Otherwise, it can be hard to establish whether these promises are real.
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They also claim that Honey Miner has 100% anonymous and decentralized servers. And to use the services of HoneyMiner, the site has implemented a 2 step authentication feature for all who are interested in mining with the site once they have paid for the software. To ensure more safety, the site claims that every line in the software developed by Honey Miner has been carefully coded and inspected to ensure that no occurrence of malware is happening.
Again, with technology, we can’t be so sure about the safety of the software. In fact, it is quite difficult to trust the site on matters related to security since Honey Miner does not provide enough information about their service – just the generic stuff that most Crypto currency cloud mining sites publish on their site. However, like we mentioned before, the site is using a very different approach, which involves downloading a software which will allegedly help you mine Bitcoins and other Crypto currencies.
HoneyMiner is obviously offering a software that can be downloaded into your PC at home. This software is allegedly going to scan the Crypto currency market place to see if it can find any profitable tokens worth mining. When it finds tokens that are worth mining, it will mine them and send you daily returns at the end of the mining operation. Once returns have been sent to you, you can either re invest them in more hash power or withdraw them for use. The choice of how you want to use your returns is up to you.
When tokens have been mined by this software, they will be converted into Bitcoin using your CPU or GPU. This action is estimated to make you between $1 to $3 every day. These returns are quite reasonable considering that the returns are within the average market range. However, there are also many challenges that arise as a result of mining Crypto currencies using this method.
The company HoneyMiner also claims that if you want more features and more revenue, you should wait until they launch HoneyMiner Pro version of the software. This app will have even more enticing features. But it is not clear when the software will be launched, and waiting may not be practical for some users.
So even if we want to upgrade at this time, we will be disappointed due to lack of powerful features which give users an edge in the Crypto currency cloud mining market place.
We have to say that there are mixed opinions regarding HoneyMiner.
Our opinion is also mixed and possibly divided because on one hand, we don’t trust downloading just about any software that promises Crypto currency mining. On the other, we think that this can be a good idea just to try and see how it compares to these legit Crypto currency cloud mining operations.
The other challenge that we potentially face with HoneyMiner is that the cost of electricity can be high and not practical in relation to the $3 that you will potentially earn from this operation. Our advice is that you should wait and see how it goes. If their software is good, you will hear the news.
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