With the emergence of cryptocurrencies, new opportunities are cropping up daily with enthusiasts aiming to own digital currencies. We have various means of owning cryptocurrencies like trading and mining.
Previously, crypto fans earned coins easily through mining using the CPU. However, as the crypto sector grew, new mining technologies emerged. Mining apps and browser extensions are the latest means of using computing power to own cryptocurrencies. Some of these applications contain malware that is promoting crypto jacking. Software companies like Honeyminer have stepped in to make the mining process easier, convenient and safe for anybody with a computer.
The Honey Miner software offers users a chance to join the crypto space without owning any sophisticated device, while at the same earning passive income. It is a perfect avenue to gain cryptocurrencies without learning the tedious trading process.
Honeyminer is user-friendly because getting started is very easy. Users are only required to have an email address before they start mining. Unlike peers, Honey Miner goes an extra mile of sorting out numerous altcoins to assist the user focus on the profitable ones.
Users are guaranteed security due to various measures put in place by the firm. The software uses SSL encryption to protect clients at all time. Additionally, Honey Miner servers are decentralized and anonymous. All accounts under this platform have to undergo the two-factor authentication process.
Despite this platform being new, it lacks features like graphs which are essential for quick analysis. As observed earlier, the mining software industry is growing with new services coming up. Here are other alternatives to Honey Miner.
NiceHash offers a unique experience when it comes to cloud-based mining. NiceHash is a web-based marketplace where users can sell and buy hashing power. You trade your computing power for cryptocurrencies. The software has the capability of increasing its user base because it offers a platform where buyers and sellers meet.
Buyers of hashing power can select which valuable digital coin to mine due to the platforms ability to support 34 algorithms. Additionally, a user can choose which mining pool they would like to use. The mining pool charges 5% on every transaction. NiceHash offers the resources for mining while using computers or Rig/ASIC.
The software is also less risky due to the ability to automatically switch to the most profitable cryptocurrency — this a safe way to join the market. Furthermore, NiceHash gives you an opportunity to configure your CPU through setting up mining limits.
Despite being one of the oldest mining platforms, NiceHash has struggled to gain the trust of users after it suffered a hack. A lot of money was lost during the incident.
BetterHash main goal is for everyone who owns a computer to earn passively through mining. BetterHas has sophisticated software that appeals to both newcomers and experienced miners. It supports mining in Dash, Ether, Litcoin, ZEC, XMR, and BTG.
The software is one of the easiest platforms to set up. It carries similar simplicity when it comes mining, as it has few simplified steps that make mining a smooth process. These features adequately cater to inexperienced miners. Furthermore, seasoned miners will find a home in BetterHash.
This platform does not charge the mining of cryptocurrencies. It will for sure give you the best value for your money. However, experienced miners might be turned based on the platforms beginner minded design.
Nanopool supports mining of seven cryptocurrencies with Ethereum being the dominant coin. The platform supports other coins like ETC, Monero, Zcash, Electroneum, and Siacoin. Nanopool’s fees of 1% are attractive compared to competitors in the field.
For beginners, Nanopool offers a good experience due to a friendly user interface. The FAQ section has detailed guides on how to set up your miner and configure all the pool settings.
The interface is clear and simple to use if you’re just getting started. Users with AMD GPU driver 15.12 can reap big from Nanopool’ Ethereum mining since it is the recommended hardware.
Since its launch, Nanopol has remained stable with rejected shares remaining on the minimum. When compared to other platforms, Nanopool’s hash rate fluctuation has remained lower.
However, users on the platform find it hard to make a decent income due to low profits. The platform also suffers from credibility issues due to do poor customer support.
Kryptex is a mining software for Windows only with a smart computer hardware sensor that calculates how much a user earns daily. Users can mine cryptos on their computers and get paid in Bitcoin, USD or any other currency. A regular PC can earn about $20 per month, while a hardcore PC can make about $130 per month.
The Kryptex mining platform is easy to set up with a friendly user interface. It comes with several interesting features that allow operating on low performing devices.
However, Kryptex owners are not known compared to other platforms. Lack of this information might lead to transparency issues.
Awesome Miner operates on the windows platform, and it supports multiple mining rings like ASIC and FGPA. The software has a front-end accessible from any internet enabled device. The platform backs over 25 mining engines like cgminer and sgminer with powerfully centralized mining.
Users find the Awesome Miner interface easy to use because it comes with a dashboard that allows you to track the status and temperature of all ASIC and FPGA devices from one central location. Awesome Miner is also compatible with various mining algorithms, such as SHA-256, Ethereum, and Zcash. Awesome
We have many options when it comes to mining software. You can select from cloud to hardware mining software to earn passive income. However, it is important to note that to make a decent living, you need to invest heavily in mining. Always ensure that the mining software you settle for adheres to the best practices. Focus on transparency and credibility to avoid cases like crypto jacking. Illegal mining software can introduce malware into your computer which can be devastating.
Image Source: Reddit.com
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