Since my computing power and money resources are limited, I’ve been searching for a profitable way to cpu mine altcoins and haven’t had much luck until now.
MinerGate.com is a cross-platform, profit switching mining pool that allows you to CPU mine or GPU mine the most profitable altcoins easier than ever no matter which computer operating system you are using. The MinerGate mining software is available for Windows PCs, MacOS, Linux, and Unix, and they even have a CPU mining app for Android smart phones in the Google Play store. With MinerGate, you don’t have to worry about which mining software to use or getting the settings right for each separate coin, they do this all for you… automatically.
The multi-pool allows you to mine popular altcoins like Ethereum, Monero, Bytecoin, Dashcoin, etc. You can even mine Bitcoin or Litecoin if you like, although chances are they won’t be nearly as profitable to mine as the other crypto-currencies. So what, you say? There’s a ton of profit switching mining pools out there, you say? Yes, I absolutely agree and have tried them myself and have to conclude that MinerGate.com shines beautifully where other CPU mining multi-pools have failed.
In a nutshell, MinerGate is easier to use and more profitable than all of the other CPU mining pools I’ve tried. It only takes a couple minutes from the time you first visit their site to the time you’re mining away, and starting to make money! It really is that quick and easy.
Usually, when you want to CPU or GPU mine any crypto-coin at most any pool, they only offer minimal help when it comes to installing and using mining software to work with their pool (and for the type of crypto-coin you want to mine). MinerGate flips this concept on its head by offering their own mining software for free that is already configured and set to start mining altcoins as soon as its installed.
Smart Mining
The mining software has a nice feature called “Smart Mining” where it will automatically mine the most profitable cryptocurrency at any given time (from the list of coins that they support). When mining in this mode, the software will automatically switch mining to whichever altcoin can be converted into the most Bitcoins at the current exchange rate.
Single Coin Mining
This is great for those of us who want an easy way to CPU or GPU mine our favorite coin and aren’t so concerned with always switching to whatever coin can be sold for the most at that minute in time.
A lot of people interested in Monero (XMR) or Etherium (ETH) choose this option and mine only that coin. Single coin mining is especially useful for anyone new to Cryptocurrencies who wants to give it a shot on a cool new coin without much investment or risk.
Benchmark Your Mining Rig
Whether you’re CPU or GPU mining, there are several little interesting features including a Benchmark area where you can test your computer’s hardware to see how it compares with others. I knew my laptop was old and decrepit but my benchmark results kinda feel like rubbing salt in a wound. https://minergate.com/b/1bf71646bd70eaf30baff0b852092be435747ff8
Achievements
Just to keep things entertaining and provide little rewards for using the mining software, there is an Achievements area where badges are earned for completing challenges. The software claims that you get a “MinerGate prize” after unlocking all achievements but I haven’t got this far yet so I don’t know what the prize is or if it is any good.
Integrated Wallets
Each altcoin that you mine (or fractions of coins) will show up in the Wallets area. This section definitely needs work (at least the Linux version). If you show too many coins here at once, they just run off the bottom of the screen and you have no idea what those coins are or if you have mined any. You can select which coins to show in the “View” menu but it is a cumbersome process, especially if you want to view balances for more than 5 or 6 coins at a time.
The work-around… use the mining software for mining, and the website for analyzing account balances, wallets, and other stats.
MinerGate also offers a sort of auto-exchange called Changelly where you can easily convert one crypto-currency into another. There is a 0.5% fee for doing this and I haven’t cross-checked their exchange rates with other altcoin exchanges so can’t say a whole lot more yet.
Withdraws
From the website you can withdraw/send any of the altcoins you’ve mined to another address (instead of leaving them in the pool’s wallet or converting directly to Bitcoins). I’ve talked to many others who’ve had successful withdraws here and reputable members who recommend the site but again I can’t post my thoughts until my account has built up enough where cashing out is an option.
That’s all for now but please check back often as I’m adding more and more to this site and will update this post with anything new.
Feel free to post in the comments if you’ve had success (or problems) with MinerGate.com
