It was once possible to mine Bitcoin directly from your laptop or PC’s CPU/GPU. As competition has heated up in the Bitcoin mining space it is now no longer viable to do so. Today, Bitcoin mining is done by computers specifically designed for the purpose. But you can still earn Bitcoin from your computer via mining. Honeyminer allows you to mine an easier to mine cryptocurrency and then they exchange it for Bitcoin for you!
What Will I Earn?
The way the program works is it runs in the background mining a cryptocurrency like Monero using your computer’s CPU or GPU. It then converts it to Bitcoin for you. If you have a new computer with a good GPU you will earn more than if you have an older laptop and can only use your CPU.
Either way though, you won’t earn a ton of money. It’s more about being part of the process of mining cryptocurrencies than earning a lot of money. If Bitcoin goes up in value as much as it has done in the past however, the small amount of money you make could become a large sum one day.
Are there fees?
Honeyminer is free to use. But they do take some of the mined currency in fees. At the time of writing it is 8% for 1 GPU and for 2 GPUs or more the fee is 2.5%. When you withdraw funds you will also need to pay Bitcoin’s network fee, this is not charged by Honeyminer but is the fee charged to transact on the Bitcoin network. The network fee is deducted from your withdrawal. Also remember that extra use of your computers CPU/GPU will mean that you use more electricity.
Honeyminer Referral Code
If you use a Honeyminer Referral Code when signing up you will get a small amount of Bitcoin fore free (1,000 Satoshis). Using a referral code also helps the person that refers you. You can try and find someone you know with a referral code or use mine. My referral code is 5c3dq to get 1,000 Satoshis free. Click here to use it.
Are the better options than Honeyminer?
If you are technically inclined you may prefer to mine various cryptocurrencies yourself as part of a pool. You would then be in control of when or if you convert them to Bitcoin. You may be able to earn more and pay a lower fee this way as well. But if you are a beginner, Honeyminer offers an easy way to get involved. If you are looking to make a fortune, this isn’t for you. If you want to get a little Bitcoin and be part of the fun of the cryptocurrency revolution, why not give it a go?