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If you are looking to mine Bitcoins, then MinerGate is the right place to be. With the increase in cryptocurrency mining amongst forex traders, there came to be an increased need to use a miner that is up to scale. MinerGater offers a cryptocurrency GUI miner of its own class. It boasts of a simple to use interface that has high appeal. Use the following link to start making money out of your computer :
How MinerGate Came to Be
Bitcoin mining in early times often involved using central processing units (CPUs) and the graphic processing unit (GPU). Miners harnessed the power of these two units, but with time it became a slower way of bitcoin mining. Coupled with the increased demand of the famous cryptocurrency, everyone was now mining it. At just 2 years after its inception, the bitcoin price rose to $1000. This was in 2011, and the number of miners quickly rose rendering the mining process difficult.
In 2013, hardware developers from China designed application-specific integrated circuits (ASICs) with the aim of making Bitcoin mining a faster ordeal. ASIC is basically a microchip which when used, enhances the rate at which calculations are made for bitcoin mining. It was used for a while, but then the number of miners increased tremendously such that mining solo was an exercise in futility. The money and power that was used in mining was not producing any tangible results and was not profitable. This made the miners gather themselves and deliberate on a working system. Even when there were many Bitcoin mining hardware out in the market, only a few mining rigs could deliver. Miners grouped themselves to mine collectively. These groups were referred to as mining pools. MinerGate is one of these mining pools.
MinerGate uses your CPU and/or GPU to mine the cryptocurrency of your choice
Purpose of MinerGate
Basically, MinerGate creates a pool of bitcoin or LTC miners and combines their computing powers to have an edge when mining bitcoins. The proceeds are then shared evenly among the pool members. In determining the amount of proceeds an individual miner will get, the hashes are used. The ability to send more hashes is dependent on the power of your hardware device.
MinerGate also supports other virtual currencies such as:
- Zcash
- Ethereum
- Ethereum classic
- Litecoin
- Dashcoin
- Monero
- Dogecoin (which leveraged on the doge meme)
Cloud Mining
MinerGate has gone further to ease the process of mining bitcoins through cloud mining. Blockchains are hard to come by. At times, it requires the input of remote data centers. The providers typically do all the work. They invest in the hardware at set up mining farms. All you need is your PC or smartphone to make orders and transfers to a personal bitcoin wallet such as coinbase.
Benefits of Mining with MinerGate
- MinerGate allows you to withdraw mined money daily. You can withdraw as low as 0.01 coin straight to your bitcoin wallet
- The pooled miners are well over 1.5 million. This ensures a high uptime for you.
How to Get Started
To get started, just settle on the amount of hashing power on your dashboard. Choose the amount that you are willing to spend. With special regard to the amount of power and the price of the contract, set up your plan and then click on buy.
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As soon as you click buy, you will be redirected to the payment page. Send the payment as one transaction to the generated bitcoin address. The minimum amount is 20 Gh/s. Rewards come as soon as the next day after you start mining. Profits will be received daily after one day when the contract is activated.
The following graphics cards are supported:
- NVidia (CUDA version 7.5)
- Compute capability 2.0
- AMD cards with OpenCL 1.2
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For Ethereum mining, your GPU should have at least 2 GB RAM. It has an ever growing DAG file.
MinerGate has a great referral rewarding scheme. You stand to earn 75% of the company profits on referrals. If you wish to benefit from this referral scheme, use our link.
Every Bitcoin miner should consider MinerGate, to get the most profit from their mining. Make your computer work for you as you rake in the profits. Through cloud mining, generating bitcoins or LTC has been brought to the comfort of your smartphone.
Check out the MinerGate today using this link as you embark on a fruitful mining experience with them.