|Transaction Fees Shared With Miner|
Minergate is a cryptocurrency mining pool that aims to make mining easily accessible for everyone through its simplistic mining processes. The platform offers pool services for about 10 cryptocurrencies, which include Monero (XMR), Litecoin (LTC), Bitcoin Gold (BCG), Grin (GRIN), Etherum (ETH), Etherum Classic (ETC), Zcash (ZEC), etc.
Minergate offers both experienced and amateur miners the capacity to earn through mining as it supports not just powerful mining machines but also includes normal PCs. The company's website claims that new users can download and operate their software within 10 minutes.
Another striking feature of Minergate is the ability for users to merge mine currencies. Through merge mining on Minergate, users can mine Bytecoin, Quazarcoin, duckNote, etc., without the hash rate for the main coin decreasing or overall mining performance affected.
Furthermore, the platform enables users to automatically mine the most profitable coin with the highest exchange rate through smart mining. Users can also mine multiple currencies on the platform at the same time through their CPU and GPU. The profits gotten from Minergate depends on the total hash power contributed by a user and the commission fees they take using their PPS (1%) and PPLNS (1.5%) payment scheme.
Minergate also uses an xFast CLI and GUI mining software targeted at both experienced and novice miners.
The GUI miner, which is targeted at novice miners, is very simple to use, and it gives users a high mining performance with its high hash rate combined with other nice features.
While the CLI miner enables experienced users to enjoy smooth mining operations without any graphics interface but just the command line.
It is supported on Windows, Mac, and Ubuntu.
It supports the mining of multiple currencies.
It has a good withdrawal system that allows users to withdraw their coins anytime without a limit.
It has a large mining community with over 300,000+ active miners online.
It has a very simple and easy to use interface.
It has an app that allows users to monitor their mining operations, balance, and receive notifications concerning their mining activities.
Lack of transparency as little information about the platform and its owners is seen on their website.
Mining fees are sometimes .costly
It has a slow support system.