MinerGate Review CryptoCurrency Mining Software

Found this new software called MinerGate. It seems like a very interesting way to mine bitcoins. The software runs in the background of the computer and mines all kinds of crypto-currency. I would definitely suggest everyone give this software a try. Thinking about setting up a home server to mine bitcoin and add one more income stream to the list for little or no time on my part. I recommend MinerGate to anyone who wants to experience mining before you spend a ton on hardware. So download MinerGate below and enjoy.

MinerGate GPU mining

MinerGate mining pool Created by a group of crypto coin enthusiasts. It is the first pool which provides service for merged mining. This means that while mining on our pool you can mine different coins simultaneously without decrease of hash rate for major coin.MinerGate

MinerGate Pool
In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to solving a block. A “share” is awarded to members of the mining pool who present a valid proof of work.

The difficulty for bitcoin software mining increased to the point where it could take years for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every year.

MinerGate Download

What is Bitcoin
Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.

There are no physical Bitcoins, only balances associated with public and private keys. These balances are kept on a public ledger, along with all Bitcoin transactions, that is verified by a massive amount of computing power. Digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies that allow’s for instantaneous transactions and borderless transfer-of-ownership. MinerGate stores it and you can cash out too a wallet of your choice.

MinerGate Review – Cryptocurrency

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation.

MinerGate can mine the following Currencies

MinerGate Review – Ethereum [ETH]
Ethereum is currently the most ambitious blockchain project. It runs its own cryptocurrency, called Ether, but goes beyond being just digital currency. Ethereum is a decentralized platform that allows building smart contracts: decentralized applications (daps) that run as they coded without any possibility of censorship, downtime, fraud or third parties interference. The big idea behind Ethereum has attracted millions of users (crypto-enthusiasts, miners, investors) and boosted the market value of Ether coins.

Ethereum Price Chart

ethereum price

MinerGate Review – Ethereum Classic [ETC]

Ethereum Classic is a currency created after Ethereum hard fork, which happened on July 20, 2016. It supports the original version of blockchain and endorses the core values of freedom from third-party interference and censorship. The team of ETC developers is planning to closely follow Ethereum’s roadmap until the coin’s community is mature enough to make consensual decisions on further changes.

Ethereum-classic Price Chart

minergate

MinerGate Review – Litecoin [LTC]

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. Litecoin provides fast transaction confirmations (2.5 minutes on average) and uses a memory-hard, script-based mining proof-of-work. The Litecoin network is scheduled to produce 84 million currency units.

Litecoin Price Chart


minergate

MinerGate Review – Bytecoin [BCN]

Bytecoin is a first CryptoNote-based cryptocurrency. A CPU-mined coin, its primary advantages are extraordinary transaction un traceability and unlinkability features. BCN is stated to be much more anonymous than Bitcoin and all its existing forks. The developers claim a person’s right to privacy is their primary concern and strictly observe their own privacy. Bytecoin was started on July 4th, 2012. BCN is based on CryptoNote, an open-source technology for anonymous cryptocurrencies.

Bytecoin Price Chart


bytecoin price

Infinium-8 [INF8]

Infinium-8 (INF8) is a privacy-centric coin using the CryptoNote protocol. It aims to be a fungible and untraceable digital medium of exchange. Infinium-8 is a crypto coin with block reward increasing together with difficulty.

DigitalNote [XDN]

DigitalNote is an experimental open-source cryptocurrency based on CryptoNote technology and CryptoNight algorithm. It is a fork of Bytecoin – the very first implementation of CryptoNote. Nobody owns or controls XDN. It is a scalable decentralized cryptocurrency with strong privacy protection. DigitalNote uses ring signatures to provide unlinkable and untraceable transactions.

QuazarCoin [QCN]

QuazarCoin is a cryptocurrency based on CryptoNote technology. QCN protects user’s data and privacy through completely anonymous transactions with ring signatures. It takes after CryptoNote’s main principles of true equality and traceability.

Fantomcoin [FCN]

Fantomcoin is the first CryptoNote which supports merged mining, i.e. simultaneous mining of two coins without the decrease of hash rate for any of them. New blockchain needs no additional hash power – it uses the main coin’s blocks or shares as PoW. Miners are free to choose “donor” chain they like.

MonetaVerde [MCN]

Moneta Verde is the first CryptoNote-based cryptocurrency with block reward increasing together with difficulty. It supports merged mining with some of CryptoNote coins.

AEON Coin [AEON]

AEON coin is an anonymous cryptocurrency, which is based on the CryptoNote protocol and uses CryptoNight-Lite algorithm. It features complete data protection and truly anonymous transactions.

MinerGate Review Dashcoin [DSH]

Dash-coin is a next generation anonymous cryptocurrency and the first automatically mutating cryptocurrency created with CryptoNote technology, thus can be mined even with the most simple hardware. It was launched on July 5, 2014.

I cash out to coinbase a crypto wallet
CoinBase Digital Currency Wallet

CoinBase Digital Wallet

Hope you enjoyed this MinerGate Review Article, be sure to check back for more great cryptocurrency articles.

2 Comments

  1. Marco September 26, 2016 Reply
  2. Cherilyn Kalisch September 26, 2016 Reply

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