As many of us know mining has become very unprofitable its gotten to the point where your power costs about 10x what your getting mining so unless you have free power or truely just believe the price will blow the freak up in 2 years its pointless mining.
Well that was till this Honey came out!
IntroducingHoneyMiner
Honey Miner is a new software you download and mine with your desktop, laptop etc and its easy to actully setup no more crazy coding in pools etc just follow these simple steps.
1- Download HoneyMiner by clicking here
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2- Run HoneyMiner you can click on the gear icon in the top right to adjust your settings and how much you mine
3- Let it run and run and run
Honeyminer will mine random GPU intensive coins such as Ethereum, Monero etc and will provide you with the most profitable outcome and convert that into Satoshis for you to withdraw. You also get 1,000 as a bonus sign up!
While it wont make you rich it will from the looks of it so far keep you in profit to your power bill Currently with my 1080 I should make about $0.85 a day which would cost me about $0.30 in power which is actully an awesome trade off compared to how mining is right now.
Take note that Honey Miner is brand new and still in beta however so far this looks like one of the most promissing systems we have seen in a while for miners. Enjoy!
P.S The above are my affiliate link please feel free to use them if you wish thank you
Its not true that power costs are 10x mining profits.
GPU mining of ETH Monero & many others is still profitable unless your electricity costs are over 25-30c per kWh.
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Is it is now good time to buy GPU?
Actually that is a good question it very well could be as prices have dropped when demand went down for mining. With prices of crypto pumping again now might be the time to buy before they pump to high levels again. Back when demand was high my 1080 GPU would go used for about $1,200 I bought it for $550 lol
Thank for explain honey miner i will try it
your welcome :)
This is really interesting! Are they transparent regarding the level of security we have by running the software?? Does it have access to anything else on our computers? I typically think about mining as better to have complete control of the mining and the use of our computers.
Have not looked into it to much yet but seems legit and solid. You can open the console and see what its doing at any given time. But also of course if you can set everything up yourself that more power to you but this allows ANYONE really to mine crypto now and at least profit somewhat without any skills. Which is what we really want right bitcoin in more hands means more better!
Making 0.85c a day is not a big amount even with 1080! ;)
Nope but its better then going in the hole which is what happens now if you mine bitcoin or any of the top coins with a GPU
Mine Monero $XMR or Electroneum $ETN for better roi... GPUs can't compete with ASICs, if you want more hash go FPGA.
Mining is still very much profitable with Altcoins, ie Monero $XMR cloud contracts didn't budge during the recent bear market while $BTC contracts were terminating left and right. There are numerous coins out there that you can mine and convert to $BTC with good ROI. Even some of the newer stake-able coins that can also be mined generate more crypto.
interesting.
I never tried to mine anything. Maybe it is a good thing to try