Proof of Usefulness Report

Minerstat

Analysis completed on 1/25/2026

+269
Proof of Usefulness Score
Gaining Momentum

Minerstat is a verifiable, established cryptocurrency mining management platform launched in 2017 with significant real-world utility and a strong position in its niche. Despite the submission containing hyperbolic and unverifiable claims (e.g., 'everyone' audience, 'most people' traction), external analysis confirms the project has a substantial user base, functional technology, and a legitimate business model. The low submission quality significantly impacted the Response Quality score, but the project's proven track record drives the overall valuation into the 'established' range.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+105.6
Audience Reach Impact+44.8
Technical Innovation+48.0
Evidence Of Traction+68.0
Market Timing Relevance+16.0
Functional Completeness+1.0
Subtotal+283.4
Usefulness Multiplierx0.95
Final Score+269

Project Details

Project URL
minerstat.com
Description
Minerstat is a comprehensive software platform designed for cryptocurrency miners. It provides a suite of tools and features to optimize and manage mining operations efficiently. With Minerstat, users can monitor their mining rigs, track performance, and manage multiple mining devices from a single dashboard. The platform supports a wide range of mining algorithms and hardware, offering features such as remote management, profit switching, and detailed analytics. Minerstat aims to simplify the mining process for both individual miners and large-scale operations, enhancing productivity and profitability in the cryptocurrency mining industry.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline