Honeyminer, a New Jersey-based crypto mining startup, has decided to give its MacOS users a new mining app, according to an announcement made in the firm’s blog post on May 9.
MacOS co-founder and CEO Noah Jessop said the expansion came due to public demand:
“We launched on Windows first because there are so many powerful GPUs sitting under people’s desks around the world and lots of folks getting started with mining do so on windows. We’ve now got people in 167 countries on Honeyminer and have had literally hundreds of requests for Mac OS from our community.”
Actually, the Honeyminer uses graphics processing unit (GPU) and the central processing unit (CPU) of the users’ computers as it runs in the background of the Apple Macintosh operating system to mine bitcoins (BTC). The app features useful elements like a seamless, one-click mining application, mining while your computer is idle, withdrawals, an entire activity log with current mining statistics, currencies, and hardware utilized, and much more, according to the startup claims.
As a result, the software is set to automatically mine coins that appear profitable based on an altcoin’s price, an altcoin’s difficulty, and a user’s GPU/CPU processing power. Honeyminer app currently supports almost three-dozen cryptocurrencies including ether, monero, and dash.
Following bear market witnessed last year, other crypto mining services have opted to either reduce their capacities or shutter their operations altogether even as Honeyminer expands its offerings.
For instance, a similar cryptocurrency mining service, Coinhive, decided to close shop in February after its operations became economically inviable. Reports seem to suggest that the last Monero (XMR) hard fork resulted in a 50% decline in its hash rate causing it to shut down.
Another report that cropped yesterday shows that Bitmain, a Chinese cryptocurrency mining, experienced a drop in hashrate for the past 30 days. The SHA256 hashing algorithm (used in bitcoin mining) dropped from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s in early May as per the data analysis of all Bitmain-owned hardware hash rate.
At the moment, Argo Blockchain cryptocurrency mining firm anticipates to break even in May as well as continue to grow its mining infrastructure capacity since hardware prices are now cheaper. The firm acquired 1,000 Bitmain Z11 miners units for its production that it hopes will raise the gross margin for the second quarter of the year.