This MinerGate review is ideal for any on willing to start on bitcoin mining. MinerGate is probably the easiest way to mine cryptocurrenies online
UPDATE: My opinion on Minergate changed drastically over the last few months. It may be a good experience for a first mining experience, but if you are willing to invest in mining equipment I suggest trying other more conventional mining pools.
Learn in this MinerGate review why this bitcoin mining pool is a great way for beginners to start cryptocurrency mining. MinerGate is intuitive and easy to use, and any one can mine using MinerGate without technical knowledge.
Mining Cryptocurrencies and MinerGate
If you have some experience with mining bitcoin, Ethereum, or any other cryptocurrency you know that it can be quite difficult. In some cases, the technical challenges involving mining may even make you want to give up.
MinerGate however, works in a different way. To begin with, it has an intuitive user interface in which no command line is require. MinerGate looks clean and beautiful, and you can start mining in a matter of minutes.
What Is MinerGate
MinerGate is basically a mining pool with a more user friendly interface. While most mining pools are complicated, MinerGate looks like any software with a nice UI for a non-tech audience.
MinerGate also allows you to mine multiple cryptocurrencies at the same time, while other mining pools usually work with one at the time. This gives more flexibility to the user, which can broaden its diversification.
Click here to open an account on MinerGate
How to use MinerGate
MinerGate is pretty simple to use. All you have to do is open an account on MinerGate website, as show below.
After opening your account, click on the Download option on the top of the website, and choose your miner. I recommend choosing a GUI miner, as they are the most user friendly to operate.
Download and also Install the miner. Once you have installed the miner, open it and use the credentials for your recently created account.
Inside the software, you can use the Smart Miner, that calculates the optimum currency for you to mine in terms of price or click on Miner. On the Miner option, you will see the currencies available to mine on MinerGate, click on Play, and it will start mining.
After you have mined your cryptocurrencies, you can open their web dashboard, and send your coins to your preferred wallets.
MinerGate Smart Miner
One of the coolest things about MinerGate is its Smart Miner feature. The Smart Miner feature automatically calculates the most profitable currency to mine according to its current price, giving you the chance to maximize your income from it.
Once you launch MinerGate, the Smart Miner will be available on a tab, but also on the first screen. If you opt to use the Smart Miner it will automatically start mining the optimal digital currency in terms of price.
Withdrawing Coins from MinerGate
You can easily withdraw the confirmed coins mined on your MinerGate account. You can use the MinerGate wallet to manage and transfer your coins.
Note that some digital currencies have a minimum limit for withdrawing, and also fees vary from currency to currency.
You can also use the Changelly service to change the coins from MinerGate.
Cryptocurrencies Available on MinerGate
The coins currently available for mining on MinerGate are ZCash [ZEC], Ethereum [ETH], Bitcoin [BTC], Litecoin [LTC], Bytecoin [BCN], Monero [XMR], DigitalNote [XDN], QuazarCoin [QCN], Fantomcoin [FCN], MonetaVerde [MCN], AEON coin [AEON], Dashcoin [DSH], Infinium-8 [INF8].
Is MinerGate a Scam or Legit
MinerGate seems pretty legit and is also a good way or anyone who wants to take the first step into mining Bitcoin, Ethereum, or other cryptocurrencies. There is virtually no risk in using MinerGate, as you will not be requested to send document scans or credit card details.
Their desktop app is definitely a good choice to mine digital currencies. However, make sure your CPU and or GPU is powerful enough to make the operation profitable.
There are few important advantages of using this mining pool, and this is probably the most import part of our MinerGate review:
Easy Setup: You can start mining cryptocurrencies using any device in minutes.
Great User Interface: Both the web dashboard and the miner look clean and easy to work with. For most digital currencies you can mine directly with their beautiful and intuitive UI. There is no need to input text on the command prompt like in most mining pools (in most cases).
No Verification: You don’t need any complex verification process to use MinerGate, just an email account will do. You will not be required to send photo ID or credit card data to use MinerGate.
Low Value Altcoins: Apart from Bitcoin and other important Alt coins (ZCash, Ethereum, etc), there are many Alt coins with very low value on Minergate.
Minimum Withdrawal: Most digital currencies have a minimum value to be able to be withdrawn. However this minimum is very low, and easy to reach.
Mining Rig: That is not really an issue with MinerGate, but, you will need a pretty powerful CPU and / or GPUs to make this operation profitable.
Click here to open an account on MinerGate
Other Interesting Bitcoin and Alt Coin Resources
Localbitcoins: Localbitcoins is my favorite peer to peer coins exchange. It requires low verification and you can buy bitcoins in virtually any part of the world, in a rather quick and safe way.
Click here to open an account on Localbitcoins
CEX.IO: CEX.IO is one of the biggest coin exchanges available. You can buy bitcoin and ethereum using credit and debit cards on CEX.IO without too much bureaucracy.
Click here to open an account at CEX.IO
Coinmama: Coinmama is one of my favorite websites to buy digital currencies. The only downside of Coinmama is that it currently sells only Bitcoin, Ethereum and Litecoin
Click here to open an account on Coinmama
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