Got your Honey pot Ready? Great! Use your computer’s power and start mining some Honey coins today. This guide will help you in Mining Honey Cryptocurrency.
What is Honey?
Honey is a sweet, viscous food substance produced by bees, but that’s not what we are going to discuss about. This article is about Honey Currency. Honey (HONEY) is an open source and decentralized Cryptocurrency that offers both private and transparent transaction types. Its payments are published on public blockchain however the senders details, transaction amount and the recipient address remains private.
Currently Honey has very low market capitalization, however mining honey and trading will be profitable. Moreover the main advantage of mining Honey is that there is no halving in block rewards. It is fixed and the proof of work block rewards is always 1 Honey. We suggest everyone get some Honey pots while its cheap. Okay, let’s see how to mine honey coin.
Mining Honey Cryptocurrency – Quick Guide
It doesn’t really matter whether you have a gaming PC or mining rig. Considering the fact that there is no halving in block reward you can just mine using your gaming PC and its very much profitable. Honey uses Blake2s algorithm which is ASIC resistant so what are you waiting for?
Things you’ll need to mine Honey
- GPU ( NVIDIA) (Gaming PC or Mining Rig). Unfortunately there is no Blake2s Miner for AMD GPUs.
- Honey Wallet.
- Blake2s Mining Program (CCMiner it is ).
- Pool to get started (Coffee Pool).
Here is the guide to setup Honey Wallet. We hope that you have your Honey pot ready. Let’s start filling in some Honey now. First you’ll be needing a miner program. We’ll use CCMiner which is a dedicated miner for NVIDIA GPUs.
Go to CCminer GitHub page and download the latest CCMiner to your computer. If your Windows is 64 Bit then download ccminer-x64-2.2.4-cuda9.7z. If your Windows is 32 Bit then download the ccminer-x86-2.2.4-9.7z. Once done unzip the folder and put it in your desktop for easy access.
Your wallet address and Miner program is ready. Now to get started with mining Honey coins you’ll need to create a bat file in your CCminer folder.
This is an example of CCMiner command line code for Honey Mining:
ccminer-x64.exe -a blake2s -o stratum+tcp://coffeepool.org:5766 -u yourwalletaddress -p c=HONEY
All you need to do now is create a text document in CCMiner folder and paste the above code. Then enter your wallet address in where it says yourwalletaddress. Once done click save as and choose save as type as all files and then save it as start-honey.bat. If you do not see save as type as all files then go to folder options in your windows control panel >> click on view tab and uncheck “hide extensions for known file types”.
Note: The file which you saved should be as BAT file and not as TXT file (start-honey.bat and not start-honey.bat.txt).
That’s it! Everything is ready. Now open start-honey.bat file in CCMiner and your GPU starts mining Honey coins. Here in this tutorial we have used Coffee Pool so to track your mining status go to Coffee Pool and enter your wallet address. It will display your submitted hash rate. Coffee Pool automatically pays your balance every 3 hours for balances above 0.001 Honey or 0.0001 Honey on Sunday.
NVIDIA Hashrates (Blake2s)
GTX 970 – 2.49 GH, GTX 1060 6GB – 2.02 GH, GTX 1080TI – 3.81 GH, GTX1070 – 3.5 GH. Hashrate taken from pools benchmark results.
Honey in Exchanges
Alternatively you can also buy some Honey coins through exchange for BTC, ETH and LTC. Honey is current listed in coinexchange.io.
Hope this quick guide helped you with mining Honey coins. If you know a pool better than Coffee pool or if you would like to share some tips about mining Honey then please do comment. We’d really appreciate that.