Bitcoin, Moero, Fantomcoin, QuazarCoin, DigitalNote, MonetaVerde, Dashcoin, Aeon, Infinium-8, ZCash, Bitoin Gold, Ethereum, Ethereum Classic, Litecoin
Reasonable and favorable cryptocurrency mining for anyone? Yes, it is true. Where? At Minergate. How? For a low toverfee and mine 14 different Altcoins. This is the way ter which they make joining to their pool possible. Moreover, because of their partnership with Hashing24 bitcoin cloud mining is also available! The hashing power is exchangeable inbetween the coins with wise mining contracts so that users will always get the highest probable profit that can everzwijn be reached.
This verhoging wasgoed created by a group of enthusiasts. And, actually, not remarkably, those cryptocurrency aficionados have commenced with bitcoin mining. But very soon they expanded the pool for numerous altcoins: Zcash, Ethereum and Ethereum Classic, Bitcoin, Litecoin, Bytecoin, Monero, Fantomcoin, Quazarcoin, Digital Note, Moneta Verde, Dashcoin, Aeon coin and Infinium-8, which te total makes 14. Sounds good, right? And after that, they introduced the option of simultaneous mining of different coins without the reduction ter hashrate.
What else can be said? Unluckily, the location of Minergate Company is unknown. Even more, there is no list of the platform’s owners and founders to be found. So, the question who wields or who is running the company remains a mystery. What is known is that Claude Lecomte, Minergate CEO, is a vaker at cryptocurrency sites. He often shares his view on such topics spil bitcoin, altcoins and blockchain technology. However, Lecomte’s professional background speciaal from crypto blogs is not on the internet.
What about previously mentioned Hashing24– it is a Scotland based service, with the help of which the hashpower for bitcoin cloud mining is provided. It mostly uses ASIC miner chips from the newest series to keep mining very profitable. Another confirmed information is that their mining farms are located ter Iceland and Georgia. Hashing24 use air and immersion cooling technology ter order to keep costs at a low level.
Minergate On Social Media
Minergate keeps ter touch with their users through four largest social networks:
It is obviously and already clear that Minergate’s main function is the multi-cryptocurrency mining. With the help of their software, miners can join their pool and choose what appeals them from the diverse altcoin variants represented te several passages above. Or, they simply can let the system choose something for them. According to the automine function that is called spil “smart mining contract,” anyone can automatically mine the most advantageous coins from the hashpower either purchased or wielded. Ter order to use the service, Minergate charges from 1% to 1.5% pool fees. Payouts are based either on PPS or PPLNS methods, deducted from the daily income.
Through the contracts given by fucking partner (Hashing24), they suggest cloud mining services for bitcoin, too. After registration, the hashpowers can be lightly purchased directly from Minergate’s webstek. On the Instrumentenbord, clients can set up the mining project by purchasing the amount of hashpower desired. After the right package wasgoed chosen, there will be a unique bitcoin address. It is provided where the price of the contract should be transferred to. All of this will be displayed on the pagina of payment details. Minergate only permits bitcoin spil a payment method, which means that there is no way of paying by credit card or wire transfer for the hashpower.
The minimal acquisition sum for bitcoin cloud mining is 20GH/s. If the payment on the provided bitcoin account is below the price, the contract will not begin. Also, the maintenance toverfee is deducted from the account daily and ter case that there are not enough funds on the account for Trio consecutive days the mining contract will be canceled. The earnings are embarking 24 hours after the contract has commenced.
Users can receive the earnings from cloud mining spil soon spil the block is found and added to the blockchain, the payouts are happening daily. Minergate uses email confirmation for all the transactions, including payouts and purchases ter order to increase the security level.
The lowest threshold for withdrawals is 0.01 coins for each cryptocurrency, including bitcoin. This withdrawal limit is high considering the bitcoin price is much higher than the surplus of the coins. Te such way, clients have to wait until their accounts gather enough to metselspecie out the invested money. And mining 0.01 BTC te thesis days either require a lotsbestemming of time or a loterijlot of hashing power.
The Google Play application makes monitoring of mining activity on smartphones possible for all the users from anywhere, anytime. Various charts and tables for monitoring of the spectacle of the mining pool are also suggested here. Also, they have a detailed information sheet about altcoins, their specifications, strengths, and weaknesses. All that information can help the clients to choose the optimal altcoin combination that will be the most profitable for them.
Fees and Pricing Schedule
Spil it wasgoed already mentioned, the clients of Minergate are able to purchase bitcoin cloud mining services commencing from 20 GH/s. They can buy cloud mining contracts up to 1 million GH/s. Bitcoin cloud mining’s price is a linear function of the hashpower purchased. For example, here are the relative correlations inbetween GH/s and BTC:
- 20 GH/s bitcoin cloud mining worth 0.0034 BTC
- 100 GH/s bitcoin cloud mining worth 0.017 BTC
- 500 GH/s bitcoin cloud mining worth 0.085 BTC
Nonetheless, the cloud mining contracts’ price is shown te bitcoins, the maintenance fees are set ter US dollars. After every 20 GH/s power purchased, clients pay 0.0066 USD maintenance toverfee. Compared to competitors, it is a comparatively low toverfee.
Minergate User Practice
Even despite the fact that the main Minergate’s profile is not actually cloud mining, they succeeded to make the process of hashpower purchasing sleek and convenient. The FAQ section is worth separate attention spil, far spil it has all the details, albeit the prices are open only after registration. All the information is given ter understandable and lightly comprehensible language. Another plus ter their carma is the zakjapanner which shows the price of the possible contracts is very semitransparent and effortless to use.
Even however Minergate wasgoed firstly created by enthusiasts, its webstek is built by professionals. That it is why it is fairly effortless and pleasant ter its navigation. Albeit bitcoin hashpower purchasing option is hidden somewhere deep down ter the insides of the webpagina, the FAQ section has very clear instruction on how to find that specific button with the word “BUY.” This side eventually makes their sales revenue, and that’s why they better have it written more clearly.
Te brief, all the above suggests the following conclusions about Minergate:
- It is a multicurrency mining pool that provides cloud mining services for bitcoin.
- Its FAQ is ideal at describing the process of contracts buying and the conditions ter a elementary and understandable language.
- The pricing is very outright, albeit the minimal purchase limit of 20 GH/s is the reason why very first time users have to be fairly adventurous to attempt the service.
Te general, Minergate seems to be truly promising cloud miner verhoging on the market. But the lack of information about the company should obviously and not for nothing warn users whether it is operating legitimately or not.
Pros and Cons
- There are 14 different Altcoins available
- Translucent pricing structure
- Low toverfee for maintenance
- Available withdrawals commence at01 coins, including bitcoins
- The only available bitcoin mining is cloud mining
- The ondergrens purchase is 20GH/s