About MinerGate service

Every year the number of people wishing to receive passive income only increases. Someone prefers to invest in real estate and earn decent amounts on rent, others decide to invest in someones business. But if you are under no circumstances ready to invest in such projects, we recommend considering the option of earning virtual coins.

In order to earn decent amounts of cryptocurrency, skills, capital and a competent choice of where to earn money are important. The network now has enough services to make money in this area, but there are not so many definite leaders. Especially popular is the multi-currency pool MinerGate, one of the largest services where both owners of large rigs and those who simply use personal PCs and want to earn some money can work.

Below we will look at MinerGate in detail.

How the system works

The features of this service include the creation of an individual cryptocurrency wallet, which is installed on smartphones with Android and iOS. This is a "cold" wallet, the access keys to which are not stored anywhere except the users smartphone. The developers guarantee its ease of use and the maximum level of security.

There are also special MinerGate coins, they are used to pay users a reward for the loyalty program. Bonuses can be spent at your own discretion.

The service has reached a fairly large popularity due to the provision of special features, which, in turn, are not offered by competing companies. Lets list the main advantages of Minergate:

1. Cloud mining is available.

The service not only provides an opportunity for the extraction of virtual coins using its programs, but also introduces newcomers to the methodology of such earnings. The user needs to go to the appropriate section and start the extraction of virtual funds. True, the income in this case will be several times lower than through a special application, but this may be enough for novice miners.

1. There is a special platform for the mining procedure.

Here, the developers used a not quite standard methodology and went further, creating their own program for the extraction of virtual coins. The application implies the mining of coins for supporting schemes, and you no longer need to switch between dozens of miners on a PC, the developers have included everything you need in one product.

1. Smart mining.

This is a unique development of the company, which is used by the majority of "hunters" for virtual money. When working in this mode, the application switches between different currencies, the most profitable for mining at a certain moment, and you no longer need to independently control the exchange rate. These functions greatly simplify the process, making mining almost a pleasure rather than a job.

1. Controlled load on the device.

A special program provides the ability to select the number of cores that can be used to extract virtual currency. On powerful units, it is recommended to allocate half of the power at once, and work with the remaining forces as usual. If you do not plan to work at a computer, direct all the power of the device to mining, and the PC will not perform other tasks until the moment you stop “hunting”.

Help from site staff

According to the miners reviews, the technical support service functions stably and ensures the smooth operation of the service. Minergate also has a forum where users discuss the operation of the site and consult with the service staff, which is very convenient even for experienced users.

In terms of safety, this site is considered the most secure. The site presents two-factor authentication, which is now present in most self-respecting pools. Sometimes Minergate receives complaints from users about account hacks, but, as it turned out, these users simply ignored the security rules.

Site features

Pools for mining virtual currency are most often designed for experienced users who have been "floating" in this virtual sphere for a long time and are guided in all matters related to "hunting". But in the case of MinerGate, the main goal of the service is to offer a completely understandable platform even for beginners.

In addition, the pool allows the owners of weak equipment to mine cryptocurrency, so the popularity of the service is increasing. More than 11 million miners are registered on the official website, most of them are residents of Russia.

MinerGate calls itself a pool, but in fact, under this name there are several platforms for individual crypto coins. If you look closely at this system, then MinerGate is a worldwide mining pool, its functions are used all over the world, which once again confirms the adaptation of the site for multilingual miners.

We will also mention other features of this service:

• the presence of a special application for gadgets operating on the basis of "android", with which you can manage your account, control the mining process and extract cryptocurrency using your smartphone; you can download the application in the standard Play Store; 
• convenient graphical interface;
• the possibility of exchanging crypto coins;
• availability of a special calculator for preliminary calculation of profit.

The procedure for obtaining virtual funds

To start mining, you need to download the application, go to your own page and get started.

Particular attention should be paid to hidden mining using MinerGate. Some forums offer special methods of "hidden" mining, for which you just need to click on the "Hide" button after launching the application, and as a result, the hidden scheme of work will be activated. However, cybercriminals (and, accordingly, there are many viruses used by hidden miners on the network) are most often engaged in advertising of this method of work, so it is strongly discouraged to use such schemes.

User protection

Minergate is SSL certified, which confirms that the entire process of "communication" between the user and the server is encrypted. In addition, the service offers its users a two-factor authorization process (this function can be disabled if desired, but we strongly advise against doing this).

The team is constantly working to improve the service and fix bugs. Communication with the support service takes place using "tickets": the user writes an appeal in a special format, and the support service employees respond to him. Communication via online chat has not yet been implemented.

Detailed description of the service

The open platform for mining was created 5 years ago. It allowed anyone who wants to receive passive income to use the computing power of their devices and, together with other participants, mine virtual coins.

Usually, for mining, you need to purchase rather expensive equipment and then solve many problems with the assembly and launch of mining. Minergate avoids these problems, the system is outwardly simple.

The mining process is possible both with the use of powerful hardware and through video cards, the xFastMiner application significantly increases performance.

Minergate features

Minergate allows you to mine certain types of currency in parallel with the production of other coins, for example, by mining Monero coins, you can also mine Phantomcoin, while you can go about your business.

Also, you can determine in advance how much capacity will be allocated for the production process. In particular, the application allows you to use only half of the power in the process, which solves the issue of earning in parallel with the main job.

Minergate operates on both new and old types of processors, but, in any case, an increasing number of miners acquire more expensive and advanced types of processors for themselves.

Minergate also allows you to mine coins through cloud mining, where users invest in cryptocurrency power, ie. users, as it were, take the capacity for rent and, accordingly, pay for it. At the same time, the site has the ability to create an individual work plan indicating the capacity.

How to use all the possibilities

MinerGate is one of the first mining platforms. The interface is clear, there are no difficulties during the work, but nevertheless, we will consider the process in stages.

The service presents the main crypto coins: bitcoin, Ethereum, Litecoin, Ethereum, Monero, Zcash, Bitcoin Gold, Bytecoin, DigitalNote, Aeon coin, Fantomcoin.

MinerGate also offers pleasant bonus systems for its hunters. Such variants of methods of accrual and payment of remuneration as PPS and PPLNS are supported. Withdrawal fees vary, for example, in the case of PPS, the withdrawal fee is 1.5%, while with PPLNS it is only 1%. In this case, the user can independently choose the system for calculating rewards; to switch, go to the "Settings" section.

The main advantages and disadvantages of the site

The following points can be added to the main advantages of the platform:

1. There is its own software for mining coins online. The developers of the service managed to create a really special solution in the process of mining coins, the application significantly increases the productivity of mining.
2. Most users of this service separately mark the mode of "smart" mining of virtual money, with the help of this technology even the most profitable coin can be mined in automatic mode.
3. The advantages include cloud mining. This is not just a standard platform, of which there are many on the network, but a powerful platform designed to "pump" coins from the Internet.
4. The platform is capable of working with most coins.
5. There is an application for smartphones and tablets, which makes the process of managing currency mining more accessible.
6. For many miners, the main advantage of this platform is the support for multiple languages.
7. Competent technical support service: the service provides high-quality technical assistance, a forum with useful information is available, communication with the site moderators is possible.

There are also drawbacks to this platform, but there are only two of them - the lack of applications for the owners of Apple smartphones and the temporary lack of mining through the browser.

How to withdraw virtual funds

In general, the main process is launched using the Dashboard program. Here you need to select the withdrawal of money, fill out the form presented, specify the wallet for transferring money and the amount to be withdrawn. If the amount is not specified, a transaction will be made to the account with all coins available for transfer.

The size of the commission for the transfer can be found in the appropriate window, if you want to withdraw a certain amount - add a commission to it and request the transfer of funds in the program.

To receive fiat funds to your personal account, you will need to select a suitable cryptocurrency exchange. Lets talk about them below. 

Payment systems: features of withdrawal of funds

Payment systems deserve special attention; they allow you to transfer funds from Minergate to the popular WebMoney or Qiwi services. True, the QIWI wallet is not capable of working directly with cryptocurrencies, but such restrictions can be eliminated using an exchange office.

In reality, the diagram looks like this:

• choose a reliable online exchanger with a favorable rate and a minimum commission (it is best to stay at BestChange);
• indicate the direction of exchange and an existing email address;
• enter the details of the Qiwi wallet and bitcoin wallet;
• indicate the transfer amount to confirm the application.

After you receive crypto coins to the Qiwi wallet, immediately fill out an application for withdrawing money to a regular plastic card of any bank, indicating only its number. Please note: verification is required to transfer an amount over 300 USD.

The option using the WebMoney payment system is more suitable for withdrawing coins from Minergate earned through cloud mining. If you withdraw only bitcoins, there is an individual WMX sign on the WebMoney site. The rest of the crypto coins will need to be transported through online exchangers. As soon as the coins are credited to the account, they can be exchanged within the system for fiat money.

Withdrawing virtual money through special exchangers

Considering that a large number of coins can be mined on the pool, most users have a logical question about how to withdraw these funds to their personal wallet. The service developers recommend the Changelly exchange.

In order to use this service, you will need to register by email or through your personal accounts on social networks.

In the "History" section on the personal page, the history of all transactions from the account is displayed, here you can also exchange currency. To do this, enter in the fields above the currency to be exchanged, the direction of the money and click the Exchange button. Before withdrawing funds, make sure that the rate offered by the service is profitable; the rate is checked in the ChangeRates section.

For a more detailed study of the process, consider it using the example of the BCN / BTC exchange. First, transfer the bytecoins (in order to exchange them later).

On any suitable exchange, go to the “Balances” section, opposite the BNC cryptocurrency, click on Deposit. On the page that opens, the ID will be indicated, without which it is impossible to continue the translation.

Below you will see an active link, click it in order to open the address for transferring money from Minergate. Go to the page of this service and start the process of withdrawing money. Enter your ID in the opened. Do not forget to indicate the amount of the transfer, taking into account the amount of the commission, if necessary, go to the History section to control the transfer procedure and the number of confirmations. As soon as the money is transferred to your account, exchange it for any currency.

To do this, enter the Exchange section again, find Markets BCN and click on it - the exchange procedure will be completed.

If you want to withdraw coins from the exchange in fiat money format, it is easier to transfer money directly to your wallet. To do this, go to the Balances section, select the desired currency (for example, bitcoin), click on Windraw, specify the wallet address and the transfer amount, click on the Withdraw button. Within one day, the coins will be transferred to your wallet.

At first, the procedure for withdrawing funds seems a little incomprehensible, but after a certain number of repetitions, you will learn how to do it easily and quickly.

Additional withdrawal options

In some situations, transfer to WebMoney is not suitable. Most often, it does not suit users who prefer to remain confidential (to work in the system, you need to have a formal passport, which requires specifying passport data).

In this case, you can try out the Cryptonator wallet. On the territory of the CIS countries and the Russian Federation, this option for withdrawing funds from MinerGate is the most popular. The wallet is characterized by a fairly simple and understandable design, an uncomplicated operation process and support for the Russian language. In addition, you can store fiat money here, as well as more than 10 types of virtual coins. Cryptonator supports the CryptoNight cryptocurrency, these coins do not need to be converted into bitcoin in advance, which greatly simplifies the task.

The main advantage of this "wallet" is the availability of internal exchange: each user can exchange one digital currency within the program for a traditional one. You can withdraw funds to real bank cards using any payment system. For rubles, it is better to use Yandex.Money or Qiwi, for dollars, Payeer is perfect. The main thing for any "hunter" (especially for a beginner) is to use only proven programs for withdrawal, so as not to become a victim of swindlers and scammers. When choosing a way to exchange funds, carefully calculate the associated costs so as not to spend most of the earned on paying commissions.

About the commission: we remind you that Minergate additionally withholds service fees in case of using "cloud" mining, the amount is automatically deducted from the daily earnings.

Balance confirmation procedure

One of the main topics in the mining market at the moment is the unconfirmed balance sheet. In reality, the problem is not so dangerous, but problems can still arise. For example, sometimes a user simply cannot withdraw a cryptocurrency using the PPLNS system. The main problem here is that PPLNS is suitable for miners mining on a large scale, others are better off using PPS. In this case, the confirmation of the balance will be faster, moreover, this type of issuance of awards is much more convenient in the case of small volumes.

Calculator

If you are not satisfied with any standard coin mining model, the service offers daily profit and the purchase of computing power. To do this, you need to go to the "cloud" mining section, where there is a special calculator that allows you to calculate the potential profit.

In the "cloud" you can mine the most popular cryptocurrencies - Ethereum, Monero, Bitcoin. You can buy the power of a certain currency only if you pay with it. Depending on the network and the situation on the market as a whole, prices change actively, so if you have a special promotional code that gives a discount on your purchase, use it.

Using the calculator, you can calculate the possible profit depending on the hashrate present on the video card (you can only find out about it during the mining process) and calculate the profit from mining in the mode of simultaneous production of several types of coins.

Reviews from real users of the service

At a time when cloud mining was present on Minergate, users often complained about incorrect income calculation and theft of power. It was decided to disable this feature, and as a result, the number of negative reviews has dropped dramatically. The majority of users of this site are happy with it.

It is extremely rare to find complaints on the Web that the program does not work as it should, that the administration does not want to issue payments, etc., but there are so few such reviews that you do not need to pay attention to them.

Is it worth using the service

This site is perfect for beginners who want to try themselves in the field of mining digital currencies, and those who do not want to go through the complex procedure of setting up equipment. Before starting work, you need to calculate the approximate income, since, depending on the situation on the market, cryptocurrency mining can be unprofitable. Owners of weak hardware should not count on getting the maximum income. You should also prepare yourself for the fact that at first you will have to contact the Support Service more than once for advice on the specifics of the work. But in general, this pool and its software are quite competitive and popular among users.

Summing up, lets say that the Minergate service is the best choice for a user who decides to mine virtual currency. The site has many advantages, it is suitable for both experienced miners and beginners. Of course, there are some errors and some shortcomings, but users of the service claim that errors are regularly eliminated and it becomes easier to work.