Legit Or Scam? | Honey Miner Reviews

When I first was interested in trying this program I couldn't find anything about it. it seems a lot of people were too scared to try it since their is like no information about it other then from the web page itself. to be honest I was a bit scared to try it. I've tried many other software of this kind, on a "test" machine I'm not afraid to lose on a secondary network and router... incase its a scam or gonna give me a virus and I suggest anyone installing mining software do the same as a rule of thumb. please keep in mind the software is still relatively new and they are working to improve it still. They seem to be hiring as well if your interested in helping them grow by working for them look near the bottom for their contact e-mail.
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This semi-review as Im calling is for the windows version of Honyminer Because its still relatively new I knew could go one of two ways "sacm software" like most every mobile mining app or even quite a few desktop ones - Or legit. I'm glad to say after using it for a month it seems legit. I was able to withdraw from it no problem. If your system is really crappy It might not work that well on your computer or mining rig. There are no ads and the program doesn't seem to disrupt any day to day activity. Its as close to an easy one click mining software as I have come. they seem to be making a "pro" version too for more hardcore miners. They do take a fee *look near the bottom for fee information* but that fee goes down significantly if you have multiple GPU's.. The good thing about it for me was it let me kind of set my rig to "autopilot" so to speak. If you wish to see the H/s numbers in real time, go to you settings and view the "expert logs" which will also tell what coin is being mined at the time
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Pros and cons**:** well everyone has different opinions so what I labeled as a pro you might label as a con and so on..

Pros:

• Withdrawals (I know I shouldn't have to say this but some mining software is a scam and wont withdrawal anything. This was tested with coinbase only so far and it went through with no issue.
• Easy to use/easy to instal I literally had no trouble setting it up or installing it. it was quick and easy* GPU and CPU mining* mines many different types of cryptocurrencies depending on what's more profitable at the time.* (coming soon) ability to manually select which cryptocurrency to mine
• withdrawal as BTC or (coming soon) ETH, LTC, and USD.
• Idling option: for example soon as you use your mouse or type it will stop mining.
• appears in the "task manager" which Is another one I should not have to say but you'd be surprised how many fake mining software will not show up there or will be listed with a inconspicuous logo or disguised as a system process.
• Works in system tray
• can be set to mine soon as you boot-up* Frequent mining "bonuses" you will probably see a lot of them on your transaction history.
• A "level-up" system which I've not seen before that pays you extra Satoshis for reaching the next "level" think like exp on video games, you get rewarded for leveling up and the higher your level the higher the bonus generally. the "next bonus" will update the closer you get to leveling up.
• You can use multiple computers/rigs on the same account and see them all from any system with the appinstalled.
• 2 factor authentication which IMO is a must for anything like this, set that up on their webpage asap.
• earnings log which you can acass from the website manually or clicking "see full history" on the app
• can see your earnings as USD or as BTC. Im sure when the other withdrawal methods are added it will update the options.
• shows you a quick earning comparison between today, and the previous two days. (if you don't see it update the software)
• "pro" version currently in the works which I look forward to trying.
• Keeps track of earnings you got from referrals on the webpage.
• 1st and 2nt tier referral rewards.
• referral profits DON'T come out of the person you referred profits they come out of Stax Digital's profits so there is no guilt for referring people to this product. I've seen or heard of referral programs that actually punish the referred folks by taking a commission of what the person would have made in addition to taking their normal fee... in this case it comes out of the fee that Hony miner already takes from all users and not anything extra as far as I know.
• referee's also get rewarded like if you were to sign up from my links you would get 1000 free Satoshis just for installing the app. (if you prefer to sign up directly that's fine too but there is no signing bonus if you go that route (unless you use someone else's referral link) as far as I'm aware.
• they seem to be open to suggestions and have been friendly so far. I hope that continues.
• code is audited (at least at least thats what they say)
• you can add multiple wallets on their webpage. and delete them at will.. another one I should not have to say but still even today some places will not give you that basic functionality.
• able to see what type of coin each CUP, GPU is mining at the time. (check out the options and "see full activity"

Pro and or con (depending on how you look at it)

• uninstalling gets rid of most of the components that enable it to be used, but seems to save some of the logs and some other files (but I was able are to search for and remove em in file explorer. many programs of any kind do that always so it's not that big of a con to me but I can see how it may bother some.
• you are not asked to create a password, they create one for you but you can change it once you have logged in if you wish from their website. This can be looked at as a good thing to some or a bad thing to others for various reasons.
• when clicking on the app to see your full history of transactions it will take you to their webpage and make you log in again sometimes. this is a good or bad things depending on how you look at it I suppose. I personally prefer having to log in again sometimes.

Cons:

• still new, and as such its still missing some of the fancier features you maybe are expecting but they seem to be adding more functionality It had a update not very long ago. but its still feels a bit bare bones but Im going to keep using it until more things are added, I expect more to come and they have made promises on some features like the ability to withdraw difference cyprus and mine specific cryptos for those who don't want "autopilot" and features that will better help dedicated mining rigs.
• For those who want the most detailed information, this app is lacking any kind of graphs, but it does have some logs to see what your mining in the expert logs section but not as much information as I would like.. but im hopeful for the future of it. Every mining software that was any good started somewhere.
• if your GPU is not compatible but your CPU is, it may give an error but still work on the CPU end or GPU end but there is no ability to turn on or off mining on an individual component instead on/off stops/starts all mining on a single system.
• installer was still packed with the first version when I downloaded it onto another setup so yea you need to update it manually but its pretty fast but in my case it asked me right as I was installing it to update lol.
• may have trouble initiate some GPU's although I cant possibly test for every kind I have put the ones that didn't work for me below and will update it also if anyone else tells me it doesn't work with a certain setup.

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COMPATIBILITY: (sorry it keeps adding asterisks to the card model for no reason)

WORKED ON: every nvidia card tested so far dating from 20014 to now..

some surprising low end and or old CPU and GPUs. like the

AMD Radeon R9 380 card in addition to a AMD Athlon II X3 450 Processor and it mines just fine.. of course that processor doesn't make much on its own lol.. but thats an extra 2 or 3 cents per day by itself. I've also tested it with an i3, i2 Most AMD cards worked but I ran into issues with a few so maybe it's easier for me to just tell you what did not work.

DID NOT WORK ON:

-----> any of the AMD ATI Radeon HD 4250's tested so far (2) that particular card It didn't work at all for mining like never enabled the gpu but the cpu on that machine did work however it would generate an "error" on start up but otherwise did not disrupt the mining on that system except if I turned on idle earning mode, I would get a bunch of errors as it was trying to access the GPU. we need the functionality to enable or disable hardware individually I think. (errors or no errors it just seems like a good thing to have.)

OR a system that had both a AMD Radeon R7 Graphics and a AMD A8-7650K Radeon R7, (4C+6G) which surprised me considering some of the things that did work lol... but I think it might just might be that one system, but either way can't vouch that it will work. That system was pre-built and wont allow the parts to be changed or easily removed to be worth the effort since I have to use it for other things so unfortunately I can't test these on another mainboard at least not with wasting some time, money and patients that Id rather dedicate elsewhere for now.
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FEES W/ comparison to nicehash

I'm not sure if this post will be helpful to anyone looking into this software or anyone whos looking to try a different mining software but if it dose great.

----> nicehash charges the following fees as far as "selling/mining" or withdrawing.

Payouts for balances less than 0.1 to external wallet 5%

Payouts for balances greater than or equal to 0.1 BTC to external wallet 3%

Payouts for balances greater than or equal to 0.001 BTC to NiceHash wallet 2%

Withdrawal fees from NiceHash wallet

Withdrawals from NiceHash wallet are subjected to the withdrawal fee, which depends on the withdrawn amount and withdrawal option.

WITHDRAWAL OPTION AMOUNT TO WITHDRAW FEE Any BTC wallet From 0.002 (min) to 0.05 BTC 0.0001 BTC

Any BTC wallet More than 0.05 BTC 0.2% of withdrawn amount

Coinbase More than 0.001 BTC FREE - No fee. but they also say Minimum Coinbase withdrawal limit is adjusted dynamically according to the API overload.
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----> honyminer fees are based on number of GPU's working.

8% for 1 GPU or for 2 GPUs or more the fee is 2.5%.

The only withdrawal fee is the standard BTC transaction fee that bitcoin charges and it doesn't go to honyminer. When they add the other withdrawal functions that fee cam be avoided I suppose.

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Earnings: in comparison to nicehash

Update: sometimes software/ test networks won't give a view that can be off + or - a few percent compared to actual. A lot of different things can affect your earnings including where you are located in the world, I'm not sure how many of you uses more than one mining software day to day , ISP issues, crypto price fluctuation, updates to fee's, and inaccuracies in test software/networks can affect results. but I go back and forth between different ones from time to time and I think that's good practice to keep options open. I notice that honey miner seems to do better for me at night-time and early morning/afternoon is when it has the most trouble raking in the crypto's

That said I've been trying to test to see how this compares to nice hash earnings, with two of my buddies. So this is an average between the 3 of our profits vs loss compared to nice hash, I'm using a two 10 GPU/ 3 cpu setups, while one of my buddies is using two 1 gpu, 2 cpu setups and the other is using two 30 gpu mini farm's. We each have 2 networks each located relatively close by *less than .5 mile the furthest one* one with honyminer running and the other with nice hash and we are looking over 24 hour periods When all 3 of us have the results for one day, we average our results together. If I lag on posting some days comparisons its because the three of us have to work around each others schedules. in all we will be looking over a 14 day period.

• Day one: -5%
• Day Two: +10
• Day Three: +1%
• Day Four: -6%
• Day Five: -2%
• Day Six: +11%
• Day seven: TBA
• Day eight: TBA
• Day Nine: TBA
• Day Ten: TBA
• Day eleven: TBA
• Day Twelve: TBA
• Day Thirteen: TBA
• Day Fourteen: TBA

Seem to be a bit smaller then nicehash at times and higher at other times. it seems to for me at least payquicker and it gets deposited in my nicehash account sooner than I expected.

hopefully when they let up pick which coin to mine on our own it may help somewhat, and any of you who want to move smaller volume will probably benefit when they add the functionality to withdraw other coin/usd.

anyways when their autopilot system works it works great but when it doesn't it's just "okay" for lack of a better word... I could also speculate that since its still relatively new and has less users, maybe that's a factor too but id just be guessing all I can tell you is what I know and what Ive heard.

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Contact: they have a contact us part on their webpage and they also have a reddit page which I was made aware of from contacting themhttps://www.reddit.com/r/HoneyMiner/
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Careers: If anyone is interested in working for them the job listings at the time of this typing were for Senior Java Developer(s) and Customer Service Representative(s) the email listed is careers@honeyminer.com. id suggest you check their site for the requirements I just added this part to the review as a courtesy if anyone's interested its not meant to be a focus of it. But I know we have some really talented people on reddit who care about the crypto world passionately so id rather give honyminer a chance to have some of those sort on their team since it might help improve the software faster for the end users.. if that makes sense.