In the past it was possible to extract virtual coins and Bitcoins using only a normal CPU, but mining difficulties changed and now it is necessary to have a very powerful and expensive mining machine.
Now, new mining software would allow almost anyone to earn small amounts of Bitcoin (BTC) using a Windows laptop. If you miss old times, then this could be a good opportunity to remember them. This new solution is called Honeyminer.
Honeyminer – New Mining Possibilities
Honeyminer is a cryptocurrency mining start-up that has decided to launch its free beta version in June. Since then, the company has been able to collect over 10,000 downloads worldwide. Users can now join the mining pool whenever they run the app or when the GPU is not used to process images or videos.
It is possible to extract cryptocurrencies such as Ethereum (ETH), Ethereum Classic (ETC), ZCash (ZEC), Monero (XMR) and other cryptocurrencies compatible with GPU. The company explains that the funds are immediately converted into Bitcoin and sent to the user's portfolio.
Noah Jessop, venture capitalist of the Founder Collective San Francisco, explained:
"We make sure that any excess calculation, so any laptop you're not using up to a rig that runs, will automatically perform the most profitable calculation. "
In addition, the miner does not have to reckon or manage all the configurations and settings, explains Mr. Jessop.
With this service you can offer new opportunities for people who want to acquire Bitcoin and have no means to do it. Only by using a computer will it be possible to enter the cryptocurrency market and earn some small parts of Bitcoin.
Honeyminer has a special algorithm that will automatically switch from cryptocurrency approximately every 10 minutes. If they find out that there is a sudden change in the mining profitability of the currency.
The company explains that it has a significant number of users that allow the pool to find block premiums more quickly. Combining the power of all miners is possible to collect an important hash rate.
Honeyminer decided to enter the cryptocurrency mining space after controversy related to bitcoin mining activities arose.
"As we saw in proper bitcoin, the arms race intensifies with this custom hardware and then with those who have access to the best silicon boards are the people who control mining," Jessop noted. "For us, it's about increasing the number of people who have access to the best in the class."
In the future, the company will launch additional features based on the needs of users using the platform. For example, beginner retail investors will be able to send BTCs to portfolios on third-party platforms.
Another specialized version, dubbed Honeyminer Pro, has also been developed for professional miners who need help managing energy consumption.