The mining app from Honeyminer, a New Jersey-based cryptocurrency mining startup is now available on the Apple Macintosh operating system, as announced by the firm in a blog post on May 9.
Basically, the Honeyminer app runs in the background and uses the central processing unit (CPU) and graphics processing unit (GPU) of the computers for mining bitcoin (BTC). As per the startup, the app includes features such as mining while users’ computer is idle, activity log with current mining statistics, currencies and hardware utilized, and withdrawals among others.
While Honeyminer is expanding its offerings, other firms are downsizing their operations or either has shut down altogether following last year’s bear market. For instance, Coinhive announced its closure in February due to economic inviability of the project. Reportedly the exchange had to shut down its services amidst a 50% decline in hash rate following the last Monero (XMR) hard fork.
Chinese cryptocurrency mining giant Bitmain reveals 88% reduction in its Bitcoin Mining Power. As per the hashing power disclosure, that the Bitmain releases each month, the hash rate of all Bitmain-owned hardware running the SHA256 algorithm that the bitcoin and bitcoin cash networks are based on, have dropped down to just 237.29 quadrillion hashes per second (PH/s) as of May 7. Notably, just a month ago, it was at 2,072 PH/s.
Image source – Honeyminer Twitter