The mining pool is legit, and it is a legitimate pool. You won’t get much from your cards, but hey, that’s better than nothing. Radeon RX 470/480/580 is the best choice for mining with the new GTX 1060 and 1070s. There is no need to worry about minergate, it is simple and legit….
What Can You Mine Minergate With?
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What Crypto Can Minergate Mine?
Ethash, Equihash, CryptoNight & Scrypt are some of the major mining algorithms we support. As of today, we host 10 mining pools for every supported coin and merged mining pools for CryptoNight ASICs.
Can You Still Mine With Minergate?
MinerGate requires a compatible device in order to mine cryptocurrency. However, its demands are not too high. It is necessary to have Android 4 on your smartphone. The Jelly Bean is the first. In addition, you’ll need about 30MB of free space on your device for storage.
Is Mining With Minergate Profitable?
You can mine cryptocurrencies like Ethereum, Monero, and more from your PC or laptop with MinerGate, a “download and run” mining program. The machine is easy to use, but it seems to be quite inefficient when not used with dedicated mining hardware.
Which Is Better Minergate Or Nicehash?
Compared to Minergate, NiceHash has a much greater number of cryptocurrencies available. NiceHash’s website lists 37 different mining algorithm options, as well as 70 coins available for mining. Orders must be placed at a minimum price of 0. Every algorithm is worth 005 BTC. Positive and negative connotations can be drawn from this.
Can You Make Money With Minergate?
As long as you commit a certain amount of hashing power, you will be rewarded by the MinerGate team. If you are not using your computer, you can use it. You should be aware that sometimes the money you’ll make won’t cover the cost of running your computer while you sleep.
How Long Does It Take To Mine Bitcoin On Minergate?
Despite its high computational difficulty, the reward is the highest among all cryptocurrencies. In other words, it will take almost a year to find a block with 1 PH/s of hashing power (equal to 70 Bitmain Antminer S9i ASICs).
Can You Still Data Mine Bitcoin?
Even though Bitcoin mining is extremely difficult and rarely profitable, it is still possible. The value of Bitcoin will largely determine how much profit you will make. Get mining hardware: Once initial calculations are made, expect to spend anywhere between several hundred dollars and several thousand dollars.