Honest Mining

Estimated reading time: 2 min
Promising

Specs

  • Rating:
  • Payments:
  • Entry on: 2017
  • Type of mining: Staking
  • Equipment market:
  • Supported coins: DASH, Others
  • For users: Beginners
  • Language:

We provide unbiased reviews. Mining Advisor is an independent company that buys and tests the best products on the market.

The company

Honest Mining is a project born in 2017 that aims to allow users around the world to undermine cryptocurrency in POS (Proof of Stake) in a simple, reliable and convenient way.

The idea of the three founding members was to propose a product that could overcome the problems related to mining POW ( Proof of Work ) and simplify the stake activity for some coins making it accessible even to less experienced users.

We think that they managed to realize the initial idea well because today Honest Mining allows you to easily buy small shares of masternodes and, paying a small fee, get the benefits of such participation in mining.

The platform doesn’t offer hashrate sales contracts and no other kind of mining than coins stakes, so here we only talk about POS mining for some of the successful altcoins that are increasingly requested by investors.

Our experience

The interface is very intuitive, allows you to easily buy masternodes shares and, thanks to their work of analysis of the various cryptos, allows you to immediately see which are the most reliable or structured projects based on their well done ranking.

We found the latter aspect very intelligent and useful for all types of users.

With Honest Mining they have made simple a type of mining that often requires computer skills of a certain level as well as a computer always on and connected to the internet, here they are the ones who guarantee 24/7 mining.

Payments are regular since the launch of the platform with average withdrawal times within 24 hours.

The fees applied for staking are good and on average in line with other major companies that offer staking of coins, to reduce these fees you can use their HNST token (a token based on Binance) that allows us to save 40% on the fees applied.

Advantages

  • Token on Binance.
  • Possibility of undermining multiple coins.
  • Excellent maintenance fees.
  • Fast withdrawals and excellent support.
  • Company active since 2017.

Disadvantages

  • Few coins available.
  • They do not offer other types of mining.
  • Centralized wallet.
  • Crypto only payments.

Conclusion

We are definitely talking about one of the market leaders in POS mining.

Honest Mining is definitely a reference in the market and offers a wide choice of coins to mine, which is very interesting for those who want to risk on some altcoins among those mined.

They offer a POS mining at average conditions convenient compared to the competition, unfortunately they do not offer other types of mining.

We are users of the platform and we think it is a good product to start doing POS mining even if they are starting to offer it also Exchange as Binance and this could take away some customers to this kind of products.

The possibility to pay the fees with their token saves 40% of fees that could be quite a lot of money if that mined coin should one day have an important value.

Honestly we find the service offered by Honest Mining very interesting and we would recommend it to those who want to make stakes of coins among those mined by them.

Suitable for experienced users and less experienced but who already have knowledge of the use of the crypt and Wallet.

The positioning is based on certain and objective criteria, not “conditionable”, it is not possible to buy a better position or review.