Mining now is not as simple as it used to be. It is hard to be an individual miner. Individuals are not competitive anymore. The farther the more enterprises are involved in this business. But there is an opportunity for individual miners to get their place on the market. They can join mining pools.
Mining pool is a way miners unite to add hashing powers to their computers.
What is MinerGate?
MinerGate appeared in 2014. It is an open mining pool. It was the first public mining pool. MinerGate allows users to combine powers of their computers and then split the profit. So miners do not have to invest a lot of money to buy expensive mining equipment, they can use their home CPU or GPU.
What are the advantages of MinerGate?
- No need to buy equipment.
With MinerGate you can only use your PC.
- You can mine various cryptocurrencies.
There are a lot of mining pools beside this one. But most of them give an opportunity to mine only one coin, which is inconvenient. MinerGate allows to mine a number of coins.
- No need to follow crypto market all the time.
MinerGate now has a special feature. It is called a Smart Mining. This program analyzes the market and chooses the best options to mine at the moment. It switches between coins automatically. And it helps users to be much more flexible.
- No upfront fees.
You don’t have to pay for using this service, which makes it even more user friendly.
- Easy to use.
You don’t need to waste your time trying to learn how to use this service. It has intuitive interface, you can start getting your profit the day you register.
- It is secure.
MinerGate uses 2-factor authorization. To log in you have to enter a code that you receive on your mobile. That proves that the person trying to access your account is you.
- 24/7 support.
MinerGate wants you to stay with the service, so the support is ready to solve your problems non-stop.
- MinerGate rewards users for investing their powers.
What are the disadvantages of MinerGate?
- Users claim that the service may not work regularly.
- Some people say that the rates on MinerGate are lower than on other mining pools.
- Other miners state that the service gives users less profit than they actually made.
- Some users find quite irritating that dashboard may upload with some delay.
What should I know before I start?
MinerGate is a great tool. Especially, if you are a beginner. It will give you an opportunity to try mining using devices you already have. Actually you can even use your smartphone. But the smaller your device is the less power you invest, the lower your income is. From this point of view, your smartphone is almost useless. But again, if you start your mining career even this way may be helpful in order to learn.
How to start mining on MinerGate?
As it was said before using MinerGate is very easy. Here are some steps you’ll have to take:
- Go to the website minergate.com and sign up.
- Install the software on your device.
- Let the software analyze your hardware. It will tell you what you can use.
- Use Smart Mining to achieve better results.