I have always been a proponent of passive income, looking into ways to earn passive cashflow with cryptocurrency and stock market investments. Recently I stumbled upon an interesting way to earn money (albeit not a great amount in fortune) passively — a simple means which I am sure almost every internet user is capable of doing. Having recently upgraded my Internet connection speed, I was thinking on how I could put those unused bandwidths to use. It was then that the idea of leasing or renting out my unused bandwidth came to mind. A Google deep dive revealed several interesting platforms to do so — most of which I have dabbled with, of which one stood out among the others.
Introducing Honeygain, a reputable platform that has been around since 2018. It is the largest crowdsourced web-intelligence network that pays you for simply sharing your internet bandwidth! Simply download and install Honeygain on your devices (Windows, Linux, Android & Apple) and keep the app running in the background to start earning effortlessly!
Once you start using Honeygain, your devices act like view towers and help world-famous businesses access the World Wide Web without having to worry about location-based restrictions or censorship. The best part is, you don’t just play a part in improving the digital tomorrow — you also get paid real money for it!
It has amassed quite a large user base, with plenty of good reviews from sites like Trustpilot. Read on to find out why!
Payouts
Honeygain processes payout in the form of PayPal or bitcoin. 1000 Honeygain points are worth $1. With their recent partnership with JumpTask, users will be able to earn more cash out faster, and explore the crypto world as a bonus.
Honeygain recently announced a partnership with Jumptask. JumpTask uses its own cryptocurrency called JumpToken (JMPT) to fuel the platform, which Honeygain is offering as an additional payout option. Benefits to choosing to earn in JMPT include a lower withdrawal limit (minimum 20,000 Honeygain credits or $20 was required otherwise), and a limited-time 50% bonus of all earnings, credited in the form of JMPT token. Another potential benefit is that earnings are set to skyrocket should the value of JMPT increase in the future, as the JumpTask ecosystem develops and matures gradually in the future and subsequently amass a greater audience.
Overview of JumpToken (JMPT). Image taken from coinmarketcap.
Security Concerns
A very valid concern that must have crossed your mind, upon the thought of renting out your unused internet bandwidth is privacy and security issues. Honeygain ensures that your internet traffic is only used by trusted partners for the purpose; and never accesses your device’s storage. It has a very tight privacy policy, based on the latest international privacy regulations like GDPR and CCPA, The application never collects any personal data beyond what is absolutely necessary to creating an individual account. In fact, during my installation of Honeygain on an Android device recently, I was pleasantly surprised to learn that my device reported that ‘Honeygain requires no special permissions’!
My Experience So Far
My Honeygain Dashboard
I have only used Honeygain on 2 devices intermittently for the past 5 days, with quite impressive results (given the amount of effort put in). I have chosen to earn in the JMPT coin, which confers a 50% bonus in earnings. The earnings are transferred to Jumptask, and withdrawable to supported cryptocurrency wallets like Metamask, Trust wallet and so forth. So far, I have already earned approximately $1.1 in JMPT coin (excluding bonuses) — indeed, not at all a bad form of passive income for simply doing nothing other than renting out my unused internet bandwidth! (Tutorial to follow)
My JumpTask Dashboard
In fact, the calculator on the official site estimates earnings of up to $184 per month, with Honeygain running on 10 devices! However, this varies with the internet connection, geographical location and device performance.
Projected earnings in the most ideal of conditions, according to the official Honeygain site.
Variable factors come into play that influence your final amount of earnings
Final Thoughts
All in all, Honeygain appears to be a rather impressive way of earning true passive income, at no extra cost! Surely you will not earn huge amounts with this application, but it does provide that little sweet extra pocket money for the little pleasures in life. Stay tuned for future updates on Honeygain and tips & tricks that I have learnt to maximize earnings on the platform!
If you’d like to give Honeygain a try, sign up here for a free $5 worth in Honeygain credits to kickstart your earning adventure today!
As always this is not financial advice! But just some cryptocurrency investment platforms I am currently using and have found worthy of sharing with. Do your own research before investing and never deposit money you cannot afford to lose.
Feel free to ask me any questions below.
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