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How to start mining with MinerGate

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How to start mining with MinerGate
Source: MinerGate

As cryptocurrencies’ market is experiencing a bearish period, it’s not so obvious, but good times have come for mining newcomers. The trick is that many previously active miners are losing their faith on the industry, selling their equipment and “leaving the building”. In this regard, there are two positive points for those who want to earn more crypto at the same time: lots of good [despite used] hardware on sale, and networks’ hashrate decrease, which cause difficulty reduction.

For those who decided to review an opportunity of starting a mining career after reading the above text, we have prepared this small, yet useful guide on how to start mining with MinerGate.

Choose your side

As soon as you decide to get on board of mining, the first thing you need to do is to choose which option you will use. There are three main options when it comes to mining:

  1. Start mining with your home PC: It’s the simplest and the cheapest way. MinerGate’s GUI application allows anyone to become a a miner in just a few clicks.
  2. Set up a rig, or ASIC miner: This will require some configurations and, yes, user’s will have to spend money on hardware parts.
  3. Rent the hashrate: This is an option for people who want to dive into the magic world of crypto, but don’t want to mess with configuring and maintain the hardware. Users can just visit NiceHash.com and buy desired hashing power for one of the supported currencies.

PC mining

Most of the coins supported by the MinerGate are fully compatible with CPU and GPU mining. However, the hashrate will be much lower if you use full-scale mining rig or ASIC miner.

To start mining with your home PC all you need is to download one of the versions of MinerGate miner [there are two types – GUI and CLI miners for Windows, Mac OS and, Ubuntu Linux] and pass through the short setup process. You can start mining even without registration, but to withdraw your mined coins, you will need to sign up with an email you used at the start.

You can find a more detailed guide on how to use MinerGate GUI and CLI mining solutions in the FAQ section of their website.

Using mining rig or ASIC

Whether you want a better result with a higher hashrate we recommend to use either mining rig of several top-tier GPUs, or coin-specific ASIC miner. There are plenty of various solutions in both the directions, but the idea of them is pretty simple. Mining rig, in general, is a cluster of top-tier GPUs, installer on the motherboard, and controled through the CLI [console-based] miner with regular commands.

ASIC is a coin-specific tool, which gives you enormous hashrate, yet consuming lots of power and, again, coin-specific. It means that if you’ve bought ASIC miner for ETH it won’t work to mine XMR or BCN. In the case of ASIC, the situation is simpler than  PC and rigs. Here you need only stratum address and your login/pass pair to configure the miner to work with MinerGate’s pools. You can find the address on the page of an exact coin, in FAQ section.

Rented hashing power

The last yet not the least option is to rent [or as it told on the webpage – “buy”] some hashing power from NiceHash. This solution is, let’s say, the easiest, but considerably expensive among others. The main difficulty here is that you need to have some BTCs to pay a contract. If you have the coins, then just create an account at NiceHash and connect the rented hashing powers to one of MinerGate’s coin-specific pools. You can find the detailed instruction on how to create orders on NiceHash and configure them to work with MinerGate in the company’s blog.

Conclusion

As you can see, mining was never been easier, as soon as you don’t need any complicated settings to start right now – download the app, or copy and paste stratum address, or just rent some hashing power and here you are! If there are some questions left – feel free contact MinerGate’s support service, it’s 24/7 and extremely responsive. Happy mining!



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Press Release

Party for the POC Believers – A New Consensus, a New Era

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Party for the POC Believers - A New Consensus, a New Era
Source: Pixabay

One of the most influential blockchain conferences – Consensus 2019, has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more.

Consensus is the core spirit of blockchain. The Consensus conference is named after this principle. While paying tribute to the technology, it inspires people in the blockchain industry to communicate, innovate and solve problems.

Source: Socialydia

After attending the Consensus conference, the BHD Community held an invitation-only party, ‘New Consensus, New Era’, at the Hilton Hotel NY on 14th May. This party gathered people from all over the world who believe in POC consensus, hard disk mining, and BHD, and gave them a good opportunity to connect in person.

Gary, BHD Community Initiator and Hpool COO, stated,

“The POC consensus adopted by BHD will lead a new era. Compared to ASIC mining, hard disk mining costs much less. The hard disk is also the most decentralized mining hardware in the world.”

He believed that only POC could realize the initial vision of Nakamoto – ‘one person, one vote’ – and called on people to join the POC ecosystem.

Source: Socialydia

Source: Socialydia

The attending investors and practitioners had deep discussions on the POC consensus and showed high recognition and interest.

Source: Socialydia

Source: Socialydia

[Network Session at the Party]

Source: Socialydia

Source: Socialydia

[BHD at Consensus 2019]

Source: Socialydia

Source: Socialydia

[photo with the visitors]

In the era of POW, BTC was at the forefront of the scene; now the rise of POC brings a new trend. BHD is the pioneer of this revolution, with new consensus and new mining structures. BHD will become the ‘BTC’ of the POC consensus mechanism.

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For more details, please visit Website, Email, Twitter, Telegram and Discord.

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