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Blockchain Mining News

Crypto Startup Honeyminer Releases MAC OS App

Cryptocurrency startup Honeyminer has released its mining app on Apple’s Macintosh Operating System. The availability of the new app was announced in a recent blog post.

Runs in the Background

The New Jersey-based company explained in its post that the app runs quietly in the background. It utilizes the computer’s central processing unit (CPU) and its graphics processing unit (GPU) to mine bitcoins (BTCs).

The Honeyminer app reportedly has features that allow it to mine even while the user’s computer is idle. It also includes an activity log that shows data like the hardware used, current mining statistics, withdrawals, and currencies.

Honeyminer Expansion

The company has been aggressively expanding its features and offerings, running conversely with other crypto mining companies that have either reduced their offerings or closed down in the wake of 2018’s bear market.

Coinhive is one such service. The company announced it was closing its doors back in February. According to the report, the project had become economically untenable. The company is said to have pulled out its services after a 50% reduction in hash rate after the previous Monero (XMR) hard fork.

Bitmain

Chinese crypto mining behemoth Bitmain might also be heading to hard times. It was reported yesterday that the company’s hashrate had dropped drastically in the last 30 days.

Argo

However, crypto mining company Argo Blockchain reported that it’s looking to break even this Month. It also broke down its plans to continue its mining infrastructure expansion as the price of hardware becomes more affordable. The company believes that the 1,000 units of Bitmain Z11 that went into production on May 2 will boost its gross margin during this year’s second quarter.

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