Investing in cryptocurrencies is not just a hobby of a handful of experienced traders, but has become a full-scale trend. Trading cryptocurrencies come with a plethora of benefits, enabling regular people just like you and me to attain financial freedom in a short span of time and leverage one of the most liquid markets in the world.
Due to the fast account opening and highly secured platforms, crypto mining has become the new norm in 2021. Add to that the fact that Elon Musk, the richest and definitely the smartest person on the planet, has recently bought $1.5 billion in Bitcoin, and you’ve got a winning combination.
With most specialists agreeing that Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and other crypto coins will go up by over 300% in the following years, we can’t but expect a surge in the number of new investors. Since blockchain technology might soon take over the financial sector, it’s important to discover the best crypto mining software out there so you get an edge on the market.
Inside this article, we’re going to dive into a deep Minergate review, teaching you how to actually use this tool and make the most out of the crypto market without breaking the bank.
What is Minergate?
Minergate is a modern platform that can transform your computer into a Bitcoin mining machine. Also known as an open mining pool, this platform enables you to download the MinerGate xFast GUI Miner, a high-performance mining software that offers impressive hashing output. With this amazing tool, you can mine your favorite crypto coins on any laptop or computer.
The way a mining software works is by enabling a pool of people to start working together and mine towards a common goal. Basically, hundreds of thousands of people who own their own personal computers can log at the same time and contribute towards mining coins. Each comes with their own processing power, based on the actual potency of their laptops, so the reward is split among all peers based on hash power.
Basically, you can start mining Bitcoin and Ethereum without having to buy them on platforms such as Coinbase. All you need for that is a good computer with plenty of free memory, and a lot of electricity. You’ll definitely notice your electricity bill going up, but that’s pretty much the only investment you’ll have to make. Soon enough, you’ll get your first share of coins in your eWallet and you’ll be able to convert them into Euro, USD or the currency of your choice.
How to Use Minergate?
This powerful software for mining is pretty simple to use and straightforward. Basically, all you have to do is to go to the Minergate download window (note: add here your affiliate downloadable link for Minergate) and download the Minergate app. You can use this mining software on Windows, Mac, Ubuntu, and you can use the app on Android phones.
Once the app is installed, all you need to do is run it, and your device will start taking power (electricity or battery, depending on the device) in order to solve the complex mathematical problems required for mining. Of course, the stronger your device, the more you will contribute to the open mining pool, and the higher your returns will be.
The entire sign-up process is super easy, so even a total newbie can start mining tokens. All you need is an email address in order to sign up and to download the software. Once inside, you can manually choose which token to mine, or you can use the smart mining feature and let the system decide which option works best in your case.
You can get an idea of how much you’ll be able to make with this tool by checking out a free online mining calculator.
In terms of mining options, this platform leverages the power of technology to enable users to use merged mining. This means that the Minergate app can produce two cryptos per user without affecting the production rates. The smart mining is another option which enables the system to pick the right coins to mine for each system.
Top Minergate Features
Minergate hit the market last year as the first mining app that capitalized on the sheer power of merged mining, enabling users to mine two different types of crypto currencies simultaneously without losing hashrate power. Because of this, the early platform adopters were able to mine Monero along with Dashcoin or Bitcoin. However, at the moment there are only 5 mining pool available: Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), Zcash (ZEC), and Bitcoin Gold (BTG.
The smart mining is one of the most iconic aspects about this mining app. When turned on, the app starts mining the most profitable pool, based on factors such as your current hash power, mining difficulty, return-on-investment, the current value of the coins, trends, and the list goes on.
If you’re just starting out with Minergate, you can simply turn this feature on and let the system optimize your machine’s mining potential. Turning it off is only recommended for experienced users who want to perform split testing or have specific mining purposes in mind.
The Minergate client is equipped with the original block explorer, so you can quickly check the transactions that take place on the chain. This is quite useful, especially when withdrawing money or sending your coins to crypto exchange marketplaces. Inside the explorer, you’ll find information about the current network hashrate, the number of blocks in the chain, blockchain height, and the total number of emitted coins. You can also check out block rewards, transaction hashes, as well as info about the current hashrate of the entire network.
User Friendly Interface – You’ll Certainly Love it!
One of the things that you will definitely love about this platform is the user-friendly interface. This simple, yet elegant gateway makes it super easy for you to mine Bitcoin and Ethereum. The black, white and green colors look simplistic, yet offer a bold statement of control and power. You’ll definitely feel amazing knowing that this free mining app is working for you.
Thanks to the smart mining feature, you can enjoy a seamless mining experience without having to lift a finger. Of course, experienced users can also enjoy full control and can choose between using their GPU or CPU to mine.
Personalization at your Fingertips
This choice is simply priceless, as it allows you to maximize the extra output of your computer. This way, you’ll be able to enjoy mining without having to lose computing power and without getting other apps crashed. You can even select how many cores you want to use for mining, plus you can choose to mine one coin with your GPU and another with the number of CPU cores you want. This is what true personalization power looks like.
Now, according to the guys behind Minergate, their platform offers the ultimate mining performance out of all the competition. The xFast Miner is better than CryptoNight or Ethash. They are also pointing out that they offer the highest hashrate among their competitors, come up with fast payouts & low fees, and are also trusted by over 3.5 million traders worldwide.
The Security is Sky High
Another important aspect when it comes to mining and storing cryptocurrencies is security. We all know that the risks associated with cybercrime in the crypto sphere are quite high. Numerous platforms have been hacked, having their data stolen, and that did not only include names and email addresses, but also actual currency. Fortunately, Minergate never had to deal with one of these incidents.
This platform is secured with two-factor authentication and features robust security, giving its users the peace of mind that their virtual money is safe. The opportunity to sign out of all sessions and the two-factor authentication makes it virtually impossible for hackers to steal your data, thus protecting your investment,
The Fees and Cost of Mining
In terms of fees, Minergate boasts with very low fees compared to the competition. Truth be told, their fees are similar to other fees on the market. They have a standard withdrawal fee and a pool fee, which is charged from every single coin that is mined inside the shared pool.
If you’re withdrawing money to your Freewallet, the fee is zero. However, if you’re withdrawing money to other wallets or to your bank accounts, the fees can vary from 1% to 3%. In terms of pool fees, they have a 1% fee for PPLNS for all coins except Litecoin and Grin, which have zero, and 1.5% for mining Monero, Bytecoin, and Monero Classic under the PPS method. The great news is that Litecoin and Grin also have a zero fee under the PPS.
Mining Pools
Minergate has just added more currencies to the mix. In addition to the standard Ethereum, Litecoin, Bitcoin and Monero mining pools, they are now also offering Bytecoin, Grin, Bitcoin Gold, ZCash, TRON, ICON, and EOS.
What About their Affiliate Program?
Minergate is not just a great mining platform that enables regular people to mine digital coins and build up their reserve of digital money, but is also a great tool for affiliate marketers who want to boost their earnings. The Minergate affiliate program serves two main purposes: to enable the company to enhance their brand awareness among new users and to enable affiliate marketers to enhance their profit.
Basically, any affiliate marketer who wants to promote this product needs to get at least 10 people that want to mine on this platform. Once that number is reached, the user gets 30% of the total profits made from the people in the downline. However, things get better. If you manage to bring between 10 and 30 people, you’ll get 50% back from their earnings, and if you get over 30 people, you’ll gain 65% back.
It definitely makes sense to take part in the Minergate affiliate program, especially if you are passionate about cryptocurrencies and you believe they will double, triple or even quadruple their value in the following years.
The Minergate Virus Warning
Also known as the Minergate malware, this problem appears for Window users who download the app. So basically, you’ve created your own account, hit the download button, but Chrome blocks your download saying that this is a Trojan. To successfully download the app, you first need to disable Chrome’s safe browsing component, and then disable the antivirus on your computer. That will enable you to download the app and then to run the program and install it on your machine.
Rest assured that this is not a virus, especially if you’ve downloaded it from the official website. The main reason Windows and all associate program have labeled this as a Trojan is because companies want to prevent their employees from mining from work. This would drastically increase the electricity bill. Thus, the reason everyone is trying to label this program as being a virus.
Is Minergate Worth Using?
So, in the end, the question is simple: should I use this software for mining or should I look somewhere else? The answer might surprise some, but it’s the real one: it all depends on your needs. If you have some money set aside for crypto investing, then I would recommend you to create your account on Coinbase here and start investing ASAP. You can double or even triple your investment within one year.
However, if you have a powerful computer or you’re using free, renewable energy from the sun, you might want to start using Minergate in the background. Even if the gains are pretty low, you’ll still manage to get a good share of coins over the years.
The Bottom Line
Minergate is definitely NOT a scam. This is a legit, user-friendly open pool mining software that can be used on both computers and smartphones. This platform is safe from cyber attacks and comes with countless benefits. It also has an appealing affiliate offer that cannot go unnoticed, especially for affiliate marketers who are keen on crypto investing.
CLICK HERE to start mining now with Minergate via the official website.