Hello everyone! Apologies for the lack of posts on my mining blog. Since this pandemic started, I haven't really gotten my hands on any new mining tech, which obviously means that I haven't been able to do any reviews or comparisons. However, while I was mindlessly browsing through Reddit a couple months back, I found an app/platform called Honeygain, which supposedly makes you money in the background while you use your computer by sharing unused Internet traffic. And as someone who likes making a bit of pocket cash here and there, I decided to test out Honeygain. Obviously, I was really skeptical at first and expected that it'd just be another one of those scams, but it turned out to actually work.
Okay, so, what in the world is Honeygain and how does it work?
Honeygain can be installed on Windows devices, Android devices, and MacOS devices, and uses internet data to run queries for clients. In other words, Honeygain uses their network to gather data and market research. Just to clarify, they do NOT track your personal behavior and data to sell to companies, but instead use your internet connection to run searches that their clients are interested in so their clients can get data from a variety of sources. For example, a company may want to work on search engine optimization research, so they run queries in Google or other search engines to see where their results are. They're not using your devices to mine for cryptocurrencies or mine your data, but simply use your internet.
Well, how much can I earn? What's the withdrawal amount?
Honeygain uses a credit system, where each credit is equal to 0.1 cents, and is earned by sharing 10MB of traffic. In other words, to earn one US dollar, you'd have to let 10GB of traffic go through your network. There's also a "Content Delivery" service that nets you 6 additional credits per hour when it is running (Note: It's still in beta, so there's a long queue. It might change in the future). Earnings also differ depending on the market demand for info.
You can put two devices running Honeygain on each network to increase your earnings. Of course, you can have more than 2 devices, but they'll have to run on different networks.
Honeygain allows users to withdraw once they hit the 20 USD mark through PayPal. Yep... That's a pretty high minimum threshold. 200GB of data for 20 bucks. But hey, if you have unlimited data like me, this is about as passive as passive income gets! Personally, I installed Honeygain on 2 devices (One work computer and a personal computer) and managed to withdraw my first 20 bucks about a month and a half after installing. Not the greatest, but 20 more bucks to invest in cryptos, stocks, or just something nice for myself isn't that bad.
I personally find that some days, I make over a dollar or two while others barely net me a few cents. It really depends on the demand, so it isn't easy to calculate exactly how much and how fast you'll earn. Also, I believe that you need to log in at least once every 60 days or else they'll inactivate your account/reset your balance.
Final Verdict
So, if you're someone who has a LOT of data or unlimited data, and don't mind a company using your internet to search for stuff or do research, this isn't a bad way to make a bit of extra pocket cash. It certainly isn't the fastest way to earn, but it's still something. They definitely do pay out, as I have personally received 2 PayPal payments so far.
Honeygain claims to take steps to ensure that your personal information is never given to any company, since Honeygain is a company with limited history, there's a small leap of faith here.
On a different note, when you sign up, you can use the code GETHONEY for a $5 just for signing up (This isn't a referral code. It's just a bonus. The referral code is coming right up!)! If you found this article useful/interesting and want to try out Honeygain, please consider using my referral code: https://r.honeygain.me/RYANYB4C85 (Disclaimer: I get a 10% referral reward).
Note: Though I use Honeygain, I am not affiliated with the team, nor am I endorsing or rejecting the use of their platform. I am not a financial advisor either. Sidenote: I have recently got an old Arduino from a friend. It isn't looking too great, and if you've followed me for some time, you'll know that I try to mine on every piece of tech I get. Stay tuned as I try to make this old thing mine Monero (As a fun project).
