MinerGate Mining Service Review
Mining cryptocurrencies can be complicated at times, and most of us would prefer leaving this task to the techies who understand what they are doing. Individual miners may think of mining cryptocurrencies as a risk even when they have the brains and the mining hardware. Some companies have been developed to bring cryptocurrency closer to the ordinary user.
These companies have also developed software which aims at bringing miners together and combining their resources. A group of people who mine together is referred to as miner pools. A good example of one is MinerGate. In our MinerGate review, you shall get to understand how MinerGate operates, its major features and what users think about it.
What is MinerGate Service?
MinerGate is a mining pool in which individuals use their computers to add hashing power to thousands of miners around the world. To start mining quickly, individuals use a user interface that can be downloaded easily. The software has eliminated most of the complexities which users experience when mining. The software can be downloaded and installed successfully in most of the current operating systems. Miners at the amateur stage can use a normal desktop or laptop. They can also use the smartphone application if the mining activity is low. The big miners should use powerful machines to add more power.
Amateur miners should note that the coin they choose to mine will determine what they earn. The lesser the device they use, the lesser they will earn. When we think of hashing power, a smartphone will produce very low results. An ordinary laptop may put aside something for you and doing it can be fun although the returns will be limited.
There are complex algorithms involved in the background when using MinerGate cloud mining. The good news is; users need not get involved in such complicated processes. MinerGate dose that hard tasks for you while you are away working on low-processing tasks. Based on what you want to dedicate out of your hardware, MinerGate exploits the maximum capability available.
A user can boost his passive income by simply putting the computer to work while he is not using the hardware. The MinerGate support team usually reward the user based on how much input he has committed. Most mining pools around the world require more knowledge on how to run their software. In most instances, the user can mine only one cryptocurrency. MinerGate has a bigger advantage in that it works from both the GPU and the CPU. This enables the user to mine more than one cryptocurrency to increase the MinerGate profitability. For example, a user can mine Ethereum and Monero cryptocurrencies at the same time.
MinerGate Supported Cryptocurrencies
MinerGate supports several cryptocurrencies that users can mine and start earning. They include Zcash[ZEC], Bitcoin [BTC], Bytecoin [BCN], Ethereum [ETH], Monero [XMR], DigitalNote [XDN], Bitcoin Gold [BTG], QuazarCoin [QCN], MonetaVerde [MCN], Fantomcoin [FCN], AEON coin [AEON], Infinium-8 [INF8], Dashcoin [DSH] and the Litecoin [LTC].
How to Use MinerGate Service
MinerGate is very user-friendly, and even amateurs can start mining very easily. The following are the stages to be followed for one to successfully start mining.
Stage 1: Sign up on MinerGate.com
The user only needs to have an email address. There are no forms to be filled, verifications or any other kind of laborious tasks.
Stage 2: Software downloading
The website usually detects the type of operating system you are using. The download option will appear on the screen.
Stage 3: Installation of MinerGate
Once the download is complete, install and open MinerGate. The process here is similar to any other program you have installed on your computer.
Stage 4: Utilization of the Benchmark feature
The Benchmark feature allows MinerGate to analyze the hardware and reveals what you can achieve.
Stage 5: Cryptocurrencies Mining
At this stage, the user can start mining. There are two options available when mining. You can either mine for the most profit or manually select a cryptocurrency of your choice.
There are other features that you will see when you start mining such as Smart Mining and Benchmarking. Smart mining involves the MinerGate system automatically mining the most profitable cryptocurrency for you at the moment. It is an interesting feature which a user can start with, without complications. The user only needs to select his/her core output and let the system manage the rest.
Before you do anything else, benchmarking is a great place, to begin with. MinerGate will check your system to see what you can achieve. From here, you can select which cryptocurrency you want to mine on your CPU and GPU.
Clients can purchase MinerGate cloud mining services at a minimum of 20GH/s. The minimum is quite high compared to other companies which offer cloud mining services from 1GH/s. The MinerGate mining contract can be bought by clients to up to 1 million GH/s. The MinerGate mining contract is usually priced in bitcoins, but the maintenance fees are in US dollars. The following are the average prices of Bitcoin and Monero at MinerGate. The prices of other cryptocurrency can be found at MinerGate.com once you log in.
- 1 GH/s Bitcoin @ 0.00001521 BTC = $ 0.14
- 1 H/s Monero @ 0.02386811 XMR = $ 6.56
For each 20GH/s bought, clients pay a maintenance fee of 0.0066 USD which is quite low compared to other cloud mining companies. MinerGate has no fixed deposit or withdrawal fees. The MinerGate payout time can occur daily for an unlimited time.
After investing in mining cryptocurrency, we all desire to break even and finally start generating some profit. MinerGate profitability and ROI percentage can be generated and increased if a client invests in the most profitable cryptocurrencies at the moment. Through the smart mining feature, it is very easy for clients to gain profits. The MinerGate profit calculator is a simple tool that provides daily payouts which includes maintenance fees. A client can analyze and compare what he/she has planned for to what he/she will get.
MinerGate Affiliate Program
The MinerGate affiliate program is a program that enables you to earn more money when you invite your friends to MinerGate. There are three affiliation levels. A beginner can earn up to 30% profit if he/she successfully invites equal to or less than ten people. Intermediates can earn up to 50% if the number of affiliates is between 11 to 30. At the Pro level, a client can earn up to 75% if the number of affiliates is greater than 31. To participate in the program, (1) sign up or log in. (2) Copy your affiliate link. (3) Send it to your friends and (4) Generate some profit.
MinerGate can be easily downloaded and installed on your computer. Further, it is easy to use. Most users enjoyed using the program and said that it was user-friendly. MinerGate also offers a variety of cryptocurrencies that can be mined simultaneously. This is one of the biggest advantages MinerGate has over other cloud mining companies. Clients can also earn through the affiliate program. With up to date features, we should all sign up and start investing at MinerGate.