MinerGate Review: service and software for mining. Registration, setting and cashout

MinerGate is one of the largest mining services, which allows complex functioning and development of cryptocurrency by using your computer.

It’s an international mining pool which caters for users from different countries all over the world. The impressive number of site versions speaks for itself; the platform supports the following languages: Russian, English, Chinese, Czech, Italian, Rumanian, Spanish, German, French and so on.

What makes MinerGate to be a unique one?

This service has got the following peculiar features:

  • You can mine cryptocurrency using browser. All you need is to enter your account, choose the tab Cloud Mining and press the button “Start”. So, as you’ve pressed the button you have already started to mine cryptocurrency. Although, the speed of such mining is less than you are using special program.
  • You can mine cryptocurrency by using a special program that would be very convenient for you. You can mine different kinds of cryptocurrency, plus there is no need to install other programs, everything is in one –MinerGate.
  • Smart Miner By choosing the regime, you allow the program to decide which kind of cryptocurrency to mine, the more profitable these days. Everything is done automatically.

Mining based on MinerGate can work as well you are sitting and working with your PC, as well as during your PC’s time off. You can hardly switch off your PC, if, of course, you don’t use a notebook.

Why don’t you make your PC work on you, even if you are not using it right now? If you have got a notebook, it is also not a problem.

Program startup won’t take more than 5-10 seconds. And if you have got a high-power computer, 8 cores, for instance, 6 cores can be involved in the mining process, the rest 2 you can use for the current tasks.

MinerGate: strong and weak points

This kind of service caters for new users, allowing them to connect to the service within 5-10 minutes, providing that the users have all the necessary equipment.

Strong points:

Comparing to other services, it has got the following benefits:

  • Language support capabilities
  • A big number of mining coins
  • Different types of rewards
  • The simplicity of switching

Weak points:

Of, course, the service has got some drawbacks. One of such drawbacks is considered to be the section “Cloud Mining”. For a new user such kind of an option will seem to be a good way to mine, but experienced users know that in this case it’d be better to use such services as

Using such services you will profit much faster. Besides, their interface is better organized for mining. You can compare it by yourself, and see the difference.

How to use MinerGate

MinerGate is the first pool which can offer you to mine different types of cryptocurrency at the same time, without the decrease in hashrate of the basic mining coin. Let’s have a closer look at all the steps:

Registration

For registration you are to give the following information:

  • E-mail
  • Password

MinerGate Review: service and software for mining. Registration, setting and cashout

As soon as the user enters his personal account, he can download software to switch to the pool. The platform can offer you several versions.

Cryptocurrency available for mining

Using MinerGate you can mine the following types:

  • Bitcoin;
  • Ethereum;
  •  Ethereum Classic;
  •  Bytecoin;
  •  Monero;
  •  FantomCoin;
  •  QuazarCoin;
  •  DigitalNote;
  •  MonetaVerde;
  •  Dash;
  •  Aeon coin;
  •  Infinium-8;
  •  Zcash;
  • Lite coin.

Commission

There are 2 types of rewarding systems-PPS and PPLNS. Based on the type there can change the commission. Have a look at the following picture:

CurrencyPPS method fee
PPLNS method fee
Zcash-1%
Bitcoin Gold-1%
Ethereum-1%
Ethereum Classic-1%
Litecoin1.5%1%
Bytecoin1.5%1%
Monero1.5%1%
FantomCoin1.5%1%
QuazarCoin1.5%1%
DigitalNote1.5%1%
MonetaVerde1.5%1%
Dashcoin1.5%1%
Aeon coin1.5%1%
Infinium-81.5%1%

How to set up mining in MinerGate

How to mine using MinerGate, here is step-by-step guide:

  1. First of all, you are to register at MinerGate https://minergate.com

MinerGate Review: service and software for mining. Registration, setting and cashout

  1. Download and set up the right version of MinerGate for your equipment.
  2. Start the miner and go through authorization using the information from your account.

MinerGate Review: service and software for mining. Registration, setting and cashout

  1. Choose the type of cryptocurrency you wish to get and the number of cores that should be involved in mining and press “Start”.

N.B. Imagine, you’ve got a 4-core computer that you are going to use for mining. For the effectiveness there can be involved 1-2 cores maximum. By doing so you’ll avoid freeze up of your computer and it let you distribute the resources in a proper way. If you are going to involve all 4 cores you wouldn’t be able to use PC for other aims, except mining.

As soon as you’ve downloaded the program, you can start the process. The first thing that you can see is the grate number of cryptocurrencies in algorithm CryptoNote.To get rid of the unnecessary information you are to follow the next steps:

  1. Find the section “Downloads”
  2. The system identifies the characteristics of your equipment and chooses the optimal version for your program
  3. Download it
  4. Install the program.

MinerGate Review: service and software for mining. Registration, setting and cashout

N.B. If there is a problem with antivirus software as you are installing it, you’d better stop the program for a while or add it into exception list in order not to switch on-off the settings as you are start to work with the miner.

The section «benchmark» can help you to understand what to mine. This option is considered to be a kind of test production which identifies minimum and maximum speed. You can also follow our piece of advice and start to work with Monero-you’ll enjoy.

Using the section “View” you can switch off the unnecessary kinds of cryptocurrency and your miner will have a good look. Then you can press “Start Mining” and the process has started –you earn money.

Thanks for watching!!

Mining via browser

To start the process of mining you are to register, select the language of interface, then go to “Cloud Mining” and press “Start”.

MinerGate Cloud Mining

The platform MinerGate supports the functioning of cloud mining. The pool suggests investing Bitcoin in production powers, so you can reward every day.

MinerGate Review: service and software for mining. Registration, setting and cashout

Comparing the expenses on cloud mining and profit of it, you’ll see that it would be much better to choose other services.

Calculating profit

Before starting the process, you’d better make some calculations. On the web site you can find such kind of calculator. You can make prognoses concerning the following types of cryptocurrency-BTC, LTC, Bytecoin, Monero, FantomCoin, QuazarCoin, DarkNote, MonetaVerde, Aeon coin, Dashcoin, Infinium-8.

MinerGate Review: service and software for mining. Registration, setting and cashout

How to use calculator

  • Choose currency
  • Give data about hashrate
  • Check the earning power of mining

How to get the funds

Enter DashBoard and press the button” Cashout”. It is important to mention the address for cashout. If you won’t mention the exact sum of money that you wish to get, the whole sum will be cashed out. Use the section “Amount”.

Don’t forget about the fee for transfer, if you want to have round amount in the result, please take into consideration this factor.

Example

For instance, we‘ve earned 249 Bytecoin and want to cashout.

In MinerGate we are going to use one of the most popular services- Poloniex.

First of all, receive the address of your e-wallet. For this you are to find the wished cryptocurrency and press”Deposit”.

MinerGate Review: service and software for mining. Registration, setting and cashout

There you’ll see a window, and press “deposit address”.

MinerGate Review: service and software for mining. Registration, setting and cashout

You’ll need the identifier of option «Your Bytecoin Payment ID» and address of wallet itself- «Bytecoin deposit address»:

Then go to MinerGate and fill in the form for cashout:

MinerGate Review: service and software for mining. Registration, setting and cashout

The transfer is done; you are to wait for approximately 30 minutes.

MinerGate Review: service and software for mining. Registration, setting and cashout

Then we are to change Bytecoin into other currency (for e.g Bitcoin).Go to Exchange, then in the right block Markets find Bitcoin(BCN).

MinerGate Review: service and software for mining. Registration, setting and cashout

Under the diagram you’ll see 3 blocks. Exchanging Bytecoin into Bitcoin. We are interested in SELL BCN block.

Choose the section YOU HAVE (your balance shouldn’t be less than1800 BCN). After that the system will calculate the final result out of Bytecoin sell.

If you are satisfied –just press”SELL”.

MinerGate Review: service and software for mining. Registration, setting and cashout

He sum from Bitcoin will be charged to your balance.

If you want to cashout on external wallet, just go to Balances, find Bitcoin and fill in the form for cashout.

Soon you’ll receive your money.

Thanks for watching!!

MinerGate reviews

In general, the platform has got positive reviews. Surfing the Internet, we haven’t found negative points concerning the way it functions.

What we managed to find is that software didn’t see the video card, but the reason is that the driver for GPU hasn’t been installed in a proper way.

The service is in business more than 3 years, so we can recommend it for working with cryptocarrency, especially for GPU.

17 votes, average: 4.94 out of 517 votes, average: 4.94 out of 517 votes, average: 4.94 out of 517 votes, average: 4.94 out of 517 votes, average: 4.94 out of 5 (17 votes, average: 4.94 of 5)
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