HoneyMiner Review – Mining Software or Malware?

Honeyminer is an interesting free Bitcoin mining software that is mainly designed to help the retail crowd.

This software does not need any introduction in many crypto communities and they have been around for a considerable amount of time.

The great thing about them is that they do not ask for money from the people upfront, instead they only carve out a small percentage of cash in the name of fees.

Unlike many other solutions, this firm is extremely transparent and they share every aspect about their business beforehand.

Numerous fake cloud mining software has baffled the crypto space and as a result, many people are taking a conservative approach towards this sector.

Moreover, the rising cost has made other options expensive and people are facing a hard time trying to reach a breakeven point on their investment.

If you are planning to get started with this platform and have the hardware in place, then read the following content to know the ways of monetizing your resources.

Remember, the cost and profit calculators provided by them are all updated in real time, but due to the extreme volatility of Bitcoin, numbers can change drastically in a matter of hours. 

Preliminary Checks

As soon as we landed on this site, all of the things we were hoping to see were present.

They have a valid SSL layer and all of the data about the clients are not only secured but also encrypted.

This platform also deals with storage of Bitcoin and to prevent any kind of hackers from getting control over the funds they need to be fully prepared.

Thankfully, they store the BTC as cold storage and that means the likelihood of the attacks and the frequency will be low. Nonetheless, it does not necessarily mean that they are immune to server overloads or attacks and one does need to follow the safety protocols.

Regardless of which browser you use, this website is not flagged by any of them, though their trust score is not that great, certainly there is nothing to worry about.

We ran a search on them to see the kind of websites and channels linking out to them.

Needless to say, the number was over a thousand. Obviously, due to the niche they are in, they have got a loyal following and most people seem to be happy with the service.

They are getting extreme traction from social media platforms and thanks to their affiliate program, many YouTubers are promoting them aggressively.

At the end of the day, as the situation is win-win, everything is functioning smoothly. 

Domain and Website Information

We give special attention whenever we are analyzing a website because there are a lot of things to consider and equal weight must be given to all the parameters. Honeyminer has got around 32,000 backlinks, they run paid ad campaigns and over 1,600 websites link out to them.

Their domain rating based on backlink profile is 57 and their trust score is above par. The domain they use is registered via GoDaddy, it was registered on 06/11/2017 and unless renewed, it is bound to expire on 06/11/2022. All of the registrant and owner details are hidden and they have taken special care to remain anonymous.

Generally, hiding details about the organization is not a good move, but given the fact that they do not ask for money, it is something that can be overlooked. According to similarweb.com, this platform gets over 280,000 visitors on a monthly basis.

A lion’s share of the traffic they get comes through search engines and they are experts when it comes to running display ads. They mainly target people from the United States, but anyone around the world can use them.

Discussion about them in one way or the other can be found on all popular forums and social media platforms. Plus, they have profiles on Twitter and Telegram. Below is the list of countries they mainly focus on.

• United States
• Brazil
• Vietnam
• India
• Togo

Reputation and Presence

Online reputation of a platform can be gauged by using a variety of factors. For example, the easiest way to know the public opinion is to take a look at the niche forums and assess the sentiment. This platform was reviewed by almost all of the top forums and investigative sites.

Note that though they have presence literally everywhere, their operational model can be considered as dicey as the cash flow they get is unclear to a certain extent. Though they are present on Twitter and Telegram, they are not as active as others in the same mining space and the lack of customer support is annoying at times.

As far as ratings are considered, this firm has got above 3 stars on average. The main factor that affected the reputation of this firm is the lack of support along with ridiculous response times.

Note that no one has lost money to them, but some of the users have complained that they were never able to run the software for some unknown reasons.

It would have been nice to see any kind of clarification from the creator’s side. Sadly, as there is no response from the founders and the team members, things are gone for a toss and that fuels wild speculation about them. 

Contact Details

Crypto mining is a very crowded space and after every bull run, the craze will only keep going higher. As the demand grows, firms that operate in this niche have to offer exceptional customer support both to enhance their profile and increase the reliability factor.

This platform has a detailed FAQ section and interacts with the users through contact forms and emails. The lack of personal touch is definitely felt by a lot of people and in the end, the instant gratification is missing.

If you ever run into a problem, it will be at least a couple of days to get it fully resolved and there is nothing more than you can do apart from waiting and hoping.

Needless to say, the whole experience will be ruined by this factor alone and unless you are a skilled person in this field, it may not be worth your time. 

Email – hello@honeyminer.com

Feedback and User base

Finding feedback about Honeyminer will never be a problem.

We mainly looked at Trustpilot and Quora to find the opinion of the clients and to get a sense about their real nature.

Majority of the feedback we found was negative and people feel like they have been betrayed by Honeyminer.

A lot of people have said that the customer support is not only late to respond, but also rude.

On the other hand, few people mention that the software just stopped working after a few days and they were never able to get their money out of it.

You can take a look at all the complaints and discussions about them on Trustpilot and Quora in person to see the way things are turning out.

SCAM! They are using my GPU’s to mine on their behalf. Dashboard and console shows GPU’s are not mining and unsuccessful, however they are being used in the background at full power when Honeyminer is active. Unless their dashboard is extremely faulty. Only CPU is contributing to mining at half the power than on other miners.

Adding on to this, it’s a decent software, especially if you want a payout in bitcoin. It’s notoriously simple to use- install, link an email account, and start mining with one click.

The only downside is you can’t decide which coins to mine. I’ve got older laptops that for some reason mined ZCash (not cpu-friendly, or profitable) and when the miner would switch over to Ethereum Classic (before prices of ethereum took off in October/November/December 2020,) earnings from block rewards were very unpredictable and unreliable.

As the data clearly shows, the majority of people have faced issues and a significant portion of them were never able to make money out of it.

So, our advice is to try them out yourself and make use of the personal computer for a few days to see whether you can make money or not.

If things work out, then there is no harm in continuing to run the software.

However, for any reason if you are stuck, then delete the app and never run it again as it won’t be worth your time. 

Honeyminer Review Conclusion

Honeyminer is a well known mining solution. They have a huge following and their terms are just and they are upfront about the costs present.

The main problem with them is the lack of proper customer support team. User experience aspect is not given importance by them and they just cannot keep up with all the queries they get.

Some people have made money and others were never able to reach any significant milestone. Try them if you are determined, but do not forget to take a slow approach and unless you see the funds firsthand, never invest into any mining equipment.

Remember this space is highly competitive and it takes a lot of trial and error to reach a spot that enables you to make money passively. If you have any questions about other things not covered in this report, do comment below and we will respond as soon as possible.

Have you made money with Honeyminer Platform? Share your opinion with us by gracing us with a comment.