Minergate mining pool - detailed review of the service

MinerGate and platform features

The review of MinerGate should begin with one important feature of the site - it is multilingual and open to users from all over the world. At the time of creation of the material, the platform supports 19 foreign languages. Additionally, it is necessary to consider other features of MinerGate that allow the pool to stand out in the market:

• Excellent for beginners and those who do not want to “complicate their life” by downloading a large number of programs for mining coins (and spending time setting them up). MinerGate has the ability to work through a browser.

• MinerGate offers a user-friendly cryptocurrency mining program that includes support for most marketable coins. To switch to mining other coins, the user only needs to select the appropriate section of the program. The breadth of customization options is combined with simplicity of work, allowing you to forget about the need to search for special software for the job.

• Mining with MinerGate can be carried out in “smart” mode. The fact is that the program includes the ability to independently make decisions regarding the profitability of mining a particular available coin. When you turn on the appropriate mode, based on network data, the software will independently switch computing power to mining the most profitable option.

• The platform invites users to take the principle of “make the machine work in your free time” as a basis. So, regardless of whether the user owns a laptop or a desktop PC, according to MinerGate’s proposals, the device can generate income during its “rest” from everyday use.

• Mining starts extremely quickly. A computer with “average” technical parameters will require about 5-10 seconds to start mining. If we are talking about a car with good characteristics, the time is halved.

Example of work! If your computer has, say, 8 cores, 6 of them can be designated for cryptocurrency mining. The remaining 2 can remain in charge of basic tasks. Thus, mining will occur in parallel, without any discomfort for the user.

Features of the service

Every cryptocurrency project must stand out in some way, otherwise it will not have users and money to live on. Cloud mining giants are increasing the capacity of data centers and dumping prices, not caring about usability. At the same time, MinerGate decided to make the mining process more understandable for mere mortals and launched three interesting things:

1. Own pool.
2. Mining program.
3. Calculator.

Own pool

To get a stable profit even with a huge hashrate, you need to join with other miners in a pool. The pool is responsible for distributing tasks during mining and increasing the chance of a pool member finding a block. The block reward is divided among participants according to the rules of the pool: by percentage of power, by power expended, by the number of calculations performed.

MinerGate uses its own pool to mine all available cryptocurrencies. This is the main reason why cloud mining on MinerGate is unprofitable. By the standards of the complexity of the BTC or XMR network, a small pool will not provide stable and profitable coin mining. But mining other cryptocurrencies, if you use the MinerGate program, will bring noticeable profits.

MinerGate program

The program was written for owners of gaming PCs and serious workstations. The program is suitable for people who have only recently learned about mining and have not yet understood dozens of cryptocurrencies, who do not want to calculate the profitability of algorithms on their hardware, or who do not want to build a noisy farm at home.

Such miners only need to install the program and then run the benchmark. The computer will pass the tests and start mining with the greatest benefit, based on the PC configuration, cryptocurrency exchange rate, network complexity and several small factors.

Calculator

The site has a calculator that calculates the profitability of mining Ether, Litecoin on Scrypt, Zcash and Bitcoin Gold on Equihash and other altcoins. You can also make calculations for cloud mining of the original Bitcoin.

The calculator has a single column “Power”, in which you need to indicate the power of your or rented system in order to get an approximate profit per day, week or month. There is a note about the calculator - all prices are indicated in BTC, which can confuse beginners who are accustomed to thinking in fiat money such as the dollar.

Advantages and disadvantages of MinerGate

It is necessary to consider the attractive and repulsive aspects of MinerGate through the constructed prism of its perception as a pool for beginners. The fact is that representatives of the site have created an infrastructure aimed specifically at inexperienced miners who are just beginning to get acquainted with the world of coin mining. However, if necessary, the pool can provide opportunities for “growth” to become a professional miner, using the maximum computing capabilities of his equipment with appropriate adjustment of settings. In any case, the main advantages of MinerGate are the following:

• maximum simplicity of settings (if you follow the established instructions, it is possible to fully connect to the pool in 10-15 minutes);
• the site is well Russified and allows users without knowledge of foreign languages ​​to work;
• the site has a general chat, in which there is always a sufficient number of users who are ready to share their wisdom in the field of mining with new comrades; - support for work with a detailed description of each step, which can be considered as a learning process.

The disadvantages of MinerGate include the “cloud mining” function. Despite the fact that its very presence is a significant advantage, in fact its execution leaves much to be desired. When connecting to remote mining, users do not get the desired result, especially if comparisons are made with the mining performance of users of professional services (specializing in this type of mining).

Advantages and disadvantages of the MinerGate service

MinerGate is a user-friendly platform that is primarily aimed at beginners in the field of mining. If you have the necessary equipment for cryptocurrency mining, then you can connect to the pool in 5-10 minutes.

Advantages

If we compare this platform with other mining pools, MinerGate has the following advantages:

• support of several languages;
• a large number of coins for mining;
• different types of rewards;
• ease of connection.

Flaws

MinerGate also has its drawbacks. One of the most significant is the “Cloud Mining” section. A beginner may find this option a convenient way to start mining cryptocurrency, but experienced miners know that for cloud mining it is better to use specialized services such as

• HashFlare
• Genesis Mining.

When using these services, investments will pay off much faster than on MinerGate. Also, the interface of these services is designed specifically for working with cloud mining and is much better suited for these purposes, you can compare this yourself.

MinerGate registration

Registration is a simple procedure that follows standard steps. So, to get your own account, the user will need:

• - E-mail address;
• - password.

In order to open the corresponding field to fill out, you need to pay attention to the “registration” button on the main page of the site.

Confirmation by email is not required, but you should pay attention to the offers that the system can send to your new user:

*Don't miss the opportunity to mine Monero for free for 15 days. The offer is available for beginners.

Immediately after filling out the appropriate registration points, a field opens in front of the user in which he can select suitable programs for mining cryptocurrencies on his computer.

Withdrawing funds to your wallet

Naturally, when the user has made a profit on the service, he wants to quickly withdraw his earnings to the card in order to spend them. But users who have already undergone a similar procedure claim that it is quite complicated. But there are several output options:

1. Through an exchanger.
2. To the stock exchange.
3. To an electronic wallet.
4. To another service.

What is the best way to withdraw money from my account? We discuss this issue in detail in the article How to withdraw money from MinerGate and which services to use. If you don't want to bother, it's best to use the Poloniex exchange. It is convenient not only to exchange, but also to store many cryptocurrencies. When you register on the exchange, you will be able to open an account for any cryptocurrency.

• To transfer money, go to the “Deposit” section;
• The user will be sent a special account number. You will need it when you withdraw funds from MinerGate;
• Then go to your personal account on the MinerGate resource. We need to go to the control panel;
• Click on the cryptocurrency withdrawal button. After that, indicate the wallet number in the open window. The account number received at the exchanger will appear here;
• Once the funds are in your Poloniex account, the money can be exchanged right here. To do this, go to the “Exchange” section and find a suitable currency pair;
• Then display it on the map.

Another output option:

1. Go to the “Dashboard” tab.
2. Click "Output".
3. Indicate the address where to send the funds.
4. Enter the commission in the “Network Fee” field.
5. And wait for the funds to be credited to your account.

When you need to withdraw bitcoins to an external wallet, you need to go to the “Balances” section. Select "Bitcoin" from the list. After this, a form will appear where in the “Amount” line indicate the amount, and in the “Address” - the Bitcoin wallet address.

Of course, the specific withdrawal option depends on the cryptocurrency. But the fastest way to withdraw money is through exchangers. Just first you need to choose a good exchanger. You can search for it, for example, on the BestChange monitoring resource.

Cryptocurrencies MinerGate

Next, we present to your attention the available MinerGate cryptocurrencies.
The listing was compiled taking into account the liquidity of each individual coin presented. Additionally, the management team of the site pays attention to the possibility of expanding the list by considering the efficiency of mining other coins. As of October 2020, the following coins are available for mining: - Zcash; — Bitcoin Gold; — Ethereum; — Ethereum Classic; — Bitcoin; — Litecoin; — Bytecoin; — Monero; — Monero Original; — FantomCoin; - DigitalNote; — Aeon coin.

The entire list is displayed with details of the mining capabilities of each specific coin.

Setting up mining in MinerGate

The first thing you need when starting to work on MinerGate is a special mining program. After this, the main preparation process begins. MinerGate is configured as follows:

• MinerGate miner starts;
• Next, you need to go through the authorization process, which includes entering the data previously used for registration.

The next step is to determine the number of computer cores that will be allocated for cryptocurrency mining.

Important! If we are talking about a computer with a small number of cores (for example, 4), you need to understand that the more of them are designated for coin mining, the more the device will “hang.” Accordingly, in this case, the optimal choice would be to allocate 1-2 cores for crypto mining while saving the rest for your own needs. Otherwise, when all the computing power of the machine is used, the user will not be able to use it for its intended purpose throughout the entire period of operation.

After installing Minergate software, additional steps must be taken to create conditions for correct operation. To do this you need to go through the following steps:

• In the program you should find the “downloads” section.
• In it, through independent determination of technical characteristics, the system will display suitable software additions that will optimize mining. They need to be downloaded and installed.

Through this action, the user gains access to the interface settings and the organization of the “workspace”.

Important! Such manipulations are likely to “raise questions” among installed antivirus programs. To speed up the work process, it is recommended to temporarily suspend their activity.

In order to determine which cryptocurrencies should be displayed on the general screen, you need to make the appropriate settings in the view tab. You can determine the performance of your computer and optimize its power for mining certain coins using the “benchmark” tab.

We also recommend that you watch the video on setting up mining on Minergate

At this stage, the user can safely point the cursor towards the “start mining” button.

How to withdraw money?

After some time has passed since the start of your activity, you will accumulate some amount of cryptocurrency on the service, which you naturally want to turn into real money or convert into another cryptocurrency or electronic money.

REGISTER ON MINERGATE

In general, we will talk about withdrawal of funds. What do we need:

1. go to the “Dashboard” tab and click “output”;
2. enter the address to which the transfer should be made;
3. When making calculations, do not forget about the transfer fee - it is indicated in the “Network Fee” field.

blockquote class=”warning”>Advice!
If you want to withdraw a round sum, then just calculate and add the commission amount to it so that everything is beautiful and you get a multiple of 50, 100 or 1000 in your hands. Enter the total result for withdrawal, taking into account the commission, in the “Amount” field. If you have not specified the withdrawal amount, then be prepared for the system to withdraw all available funds. To avoid this, be sure to fill in the Amount field.

To withdraw cryptocurrency in Bitcoin equivalent to external resources, you need to go to “Balances”, find the currency in the list and fill out all the fields for withdrawal. The transaction may take some time to complete - please be patient.

Browser mining vs cloud mining

In order to start mining coins through cloud mining, you need to select the appropriate field in the header of the site.
Next, the system will offer to find a cryptocurrency suitable for the job, on the basis of which the computer’s computing power will be exchanged for coins. To start the process, you must press the “start” key. Interesting! In attempts to create improved conditions for cloud mining on the site, representatives often disable this function, removing it from the general list of available services.

To determine mining profitability, users are given the opportunity to use a special calculator. With its help, you can monitor the optimal parameters for crypto mining.

It turns out that cloud mining can only be considered by non-professional crypto miners, whose main goal is solely to get acquainted with the world of digital money.

Service services, cloud mining on Minergate

Official website – ru.minergate.com.
The service provides several services.

The official website has an interface in several languages, including English, Russian and Chinese.

Data from similarweb.com.

Minergate.com receives nearly 12 million unique visitors monthly.

Composition of visitors by country.

Most of the miners are from Russia, the USA and Brazil.

The Minergate service has the following features:

1. 24/7 technical support is provided.
2. There is two-factor authentication.
3. The commission depends on the type of cryptocurrency mined.
4. The mobile application works for iOS and Android.
5. Cloud mining can be done in a browser.
6. More than 10 cryptocurrencies are mined.
7. Profitability can be calculated using a calculator.
8. There is a referral program.

To get a general idea of ​​how to use Minergate, watch this short video review.

Those who would like to earn money here need to take a closer look at the mining conditions on Minergate.

What cryptocurrencies can be mined on Minergate?

Here is a complete list of available cryptocurrencies.

Among them, Monero is considered the most profitable in terms of profitability.

Unfortunately, there is no bitbon on the platform yet.

Profitability calculator

Calculator.
In the calculator, you can select the cryptocurrency and the power of your equipment or cloud and estimate your profit. When cloud mining in a pool, you must not forget to deduct commissions.

When working with a calculator, it is important to switch hashrate measurement units to suit your power. An ordinary, unpumped computer outputs H/s, not kH/s. Below the fields of the calculator there is a table containing the cryptocurrency rate for the Changelly exchanger.

Commissions, PPS and PPLNS

Information from the official website.
The screenshot shows the size of commissions, PPLNS in the right column, PPS in the left column.

When mining through a pool, you can choose which system the reward will be calculated by.

From this interesting video you can find out which option is better to choose

affiliate program

A reward is paid for a registered user who comes through a referral link. There is no publicly available information on the amount of payments on the official website. The table contains the data reported by miners.

Not everyone is happy with the referral program, for example, a famous blogger calculates his income.

On the issue of withdrawal of funds

The next part of the material will cover the question of how to withdraw money from MinerGate. This function is present in the “panel” section, which is located in the “header” of the site. When you press the corresponding key, a field with further actions opens in front of the user.

To create an application, you need to indicate the cryptocurrency you are interested in and click the “withdraw” button. Transfer of coins must be carried out to a pre-registered wallet. Next, you need to indicate the address of interest for withdrawing funds and confirm your intentions to transfer. Application processing time is about half an hour. If the network is congested, the total duration of the operation may increase.

Important! This section also contains information about completed transactions and the entire mining history on MinerGate.

In order to be able to quickly exchange coins that are not popular means for making payment transactions, the optimal choice may be a wallet on one of the popular cryptocurrency exchanges.

How to work with Minergate, Minergate interface

Switch language.
To make it more convenient to understand the settings and register, you can switch the language to Russian in the top panel.

Registration

To create an account, you need to click on the “Register” button in the upper right corner.

Questionnaire.

A form will appear in which you need to enter your email and password.

An email will be sent to your email with a link; clicking on it will confirm the user’s actual intention to register an account.

A number of cryptocurrencies are displayed on the main page of your personal account. Those who have just registered have a balance of zero.

Loading and launching the miner

To download the miner program, you need to go to the “Downloads” tab.

The system recommends a miner for the user's operating system. The choice is made from the following options.

To install the miner, you need to click Get it. Antivirus does not always have a positive attitude towards such downloads, so some miners recommend disabling it.

Minergate reviews include complaints about Trojans. Malicious code leads to partial or complete inoperability of the computer. Before disabling the antivirus, you need to make backups.

After downloading, you need to launch the program and log in to it. You will have to enter your password each time you log in.

The miner window displays a list of available cryptocurrencies. Those who have just opened the program will have zero balances everywhere. To select a cryptocurrency, you need to click Benchmark, and the hardware performance test will start. The result obtained should be compared with those recommended for cryptocurrencies and choose an option that will support the gadget. In the View tab, all unnecessary currencies are disabled, then you need to click Start mining.

How to mine on Minergate?

Aeon cryptocurrency mining has been launched. In the screenshot, the arrow indicates an additional coin, which is mined in addition to the main one. Such cryptocurrencies are bundled with DASH, XMR and some others. When you click on the checkbox in the View tab, computing equipment is displayed.

CPU – central processing unit, GPU – graphics processing unit. The numbers next to it are the number of cores. You can mine on any equipment.

In the Miner tab at the top there are such buttons.

The miner program is very simple, even a schoolchild can figure it out.

This video explains the typical problems of beginners, in particular, it tells what to do if Minergate does not see the video card, or how to correctly mine cryptocurrency through POS in a pool.

And from this video you can learn how to use a miner from Minergate on another pool.

Official website interface

The official website has a top menu with the following buttons.

The bottom row of tabs has the following buttons.

In general, the functionality of the site is overloaded. Users who do not know English sometimes have problems because not all sections and not all buttons are translated.

This video shows the registration process and other nuances of working with the service.

User opinion: assessment based on online reviews

Next, you need to consider in detail the nuances of working in MinerGate.
To do this, let us turn to the opinions of users who shared their impressions on forums, since some features of such sites are revealed only after prolonged practice. The advantages of MinerGate noted by users include the following:

• You can mine on simple machines that do not have gaming characteristics.

Cons of MinerGate:

• Many users suspect MinerGate of using their computing power for personal gain. In particular, in some cases, the dependence of hidden mining on downloading software installation files from the pool website was determined.
• In many cases, there is a discrepancy between the mining results and the data stated in the mining calculator.
• The minimum withdrawal threshold changes frequently.
• The pool is aimed at working with altcoins, since most machines will have to work at least 1 week to withdraw the minimum amount for Bitcoin.
• The withdrawal process may sometimes not comply with the stated limits for waiting for funds to arrive on your balance.

Let's sum it up

Thus, MinerGate is a pool with its own characteristics, which may be extremely attractive to some users and useless to others. The reason for the dispersion of opinions between the “two camps” is explained by the complexity of the mining process, which remains completely incomprehensible to most crypto miners. To determine the effectiveness of MinerGate in each specific case, it is necessary to gain independent experience. However, at the same time, it can be clarified that despite some technical shortcomings of the pool, it is objectively worthy of attention.