What is MinerGate About?
The online cloud mining site entered the industry in the year 2014 in the month of March. The CEO of the site is Claude LeComte. It was built by knowledgeable crypto enthusiasts and many investors use it. The services offered by MinerGate are inexpensive. There are few loopholes in the site but mostly, it is a great site for crypto miners. There are more than 1.7 million miners on this site and they are able to make a lot of money!
MinerGate was privately registered and all you can see on the site is an email address.
The founders are discreet and you will not find much information about them. Well, it is surely working in favour of the traders. As long as it runs smoothly for the traders, the in-depth contact details are not required.
- Miners have access to 14 crypto-currencies.
- The miners can mine more than one crypto-currency.
- No configures or tutorials required.
- It is an effective CPU mining.
- It supports all types of processors such as GPU, CPU, ASIC
- There is a MinerGate reward program which gives out badges on completion of tasks. As you complete the tasks, you get more number of badges. This can help you win a free prize!
- There is a profitability calculates which is a helpful feature. The users on the site can determine the profit at any given time. The miners can calculate their daily, weekly, and monthly profits.
- The site offers smart mining. This feature allows you to see as to which crypto-currency will yield the highest profit!
- Benefits of the products to the users
MinerGate supports 14 crypto-currencies and they are the following –
- Ethereum Class
- Aeon coin
- Quazar Coin
- Infinium – 8
The process of signing up is easy! There is a 2 authentication process which is recommended. Even if someone gets your password, your funds will stay in safe hands.
How to use MinerGate
If you want to mine crypto-currencies then MinerGate is the right place!
You would need to create an account on MinerGate. Do note that for beginners/novices the site offers a wallet from their side. You can start mining without a wallet address.
There is a 2 factor authentication which is highly recommended! In case someone gets your password, your funds will still be safe in your account.
Download the MinerGate software. Once it is done, install it.
You are ready for mining! MinerGate would recommend the most profitable crypto-currency for you or you can choose it on your own!
Do I Recommend MinerGate?
Crypto currency is trending! There are many traders, who are making money by buying bitcoins at a low cost and selling it for a high price! The question is – Which is the best place for crypto mining?
Looking for a reliable mining pool? MinerGate is an option! It is a crypto currency mining pool which was created by crypto enthusiasts. Claude LeComte is the CEO of MinerGate. I used the site and faced few problems. It does have some pros but it has cons as well! Would I recommend using MinerGate? It is a great site with some really good features such as profitability calculator, MinerGate reward program, and varied alt-coin options. Yes, you can become a crypto miner on this site. It would be a pleasant experience! As for the cons, you will find everything you need to know in this quick review!
Payment Method Supported by MinerGate
MinerGate is a legit site. There is an affiliate program where you can earn some extra money by referring MinerGate to your acquaintances. You can get 30% of the referral’s taxes. The withdrawals and deposits are fast. You will never have a problem with withdrawing the funds! You can use the MinerGate wallet to transfer or manage the coins. Some of the digital crypto-currencies have a minimum limit withdrawal. The fee may also vary from one currency to another.
Fees Charge on MinerGate
There is a minimum purchase amount on MinerGate. The minimum purchase is 20 GH/s. In case the amount is lower than this, the contract does not start. In case there are insufficient funds in the mining account for 3 days then the contract is cancelled. A maintenance fee is also deducted on a daily basis. You start earning 24 hours after the contract has started. Clients have to pay 0.0066 USD as the maintenance fee. They just have to pay the maintenance fee which includes the electricity and resource cost.
Customer Support on MinerGate
There is a FAQ page on MinerGate. You will find all the answers to your queries on this page. If you still have any doubts, you can send them an email. The email address is mentioned on the site. You would need to mention your name, email address, subject, category, and description of the query.
Online Opinion or Public Opinion of MinerGate
MinerGate is one of the most popular crypto-currency trading sites. According to SimilarWeb report, the site has a global rank of 2,345. On a monthly basis, this site receives 11 million visitors. This shows that MinerGate is a popular mining site. It has gained a lot of popularity over the years! Most of the users are from United States, Ukraine, Brazil, Russia and Vietnam.
Can You Really Make Money With MinerGate?
MinerGate has a transparent pricing structure which works in favour of the site! It is a popular site for a reason! There are many crypto-miners, who are earning big bucks through this site. Most people start with MinerGate as a testing ground because it is affordable as well as profitable. It shows you which crypto-currency would be profitable. It is easy to navigate! Yes, you can make money with MinerGate by buying digital currency at a lower price and selling them for a higher price.
People used to find different ways to make money and by investing in bitcoins, one can make money easily! MinerGate seems like a safe bet!
What I like about MinerGate
- It supports 14 crypto-currencies.
- It is affordable and profitable.
- Purchase of hash power is smooth.
- The site is easy to navigate
Issues with MinerGate
- The biggest trouble with MinerGate is that everything is discreet. You cannot find the founders on the social media page. There is an email address mentioned on the site. It is not known as to who runs the site. The location is unknown as well. Customer service needs to improve.
- The recent skimming hashing power is a concern.
- Another drawback is that it has a minimum purchase. It is 20GH/s.
Who is MinerGate Review for?
This review is for all those people, who wish to know more about cloud mining. This is also for people, who want to be cloud miners! Novices have no idea as to which site they should choose! By reading the reviews of different crypto mining sites, they can make a wise decision. If you are new to this business, you must always check reviews. It can save you from taking risks!
How To Actually Make Money With MinerGate?
The good news is that the user can choose their hash rate. There is a special cloud mining package. You only have to collect the profits and leave the rest to MinerGate.
Cloud mining is basically a way of obtaining fresh bitcoins from the blockchain. This is done by using computing power. You do not have to purchase mining equipment in order to be a miner on MinerGate. Cloud mining is useful for those, who do not have enough technical skills. This is also for those, who do not want to run their own hardware or software.
How do you make profit with cloud mining? You have to make sure that you are selling the bitcoin at a higher price. The price should be greater than the original purchase price.
Alternatives to MinerGate
MinerGate is an open mining pool for miners, where the users can mine the different digital currencies such as bitcoins and Ethereuem.
The amateur miners can use their laptop or PC can gain access to the program. In case the miners are inclined towards MinerGate then they can install the mobile application as well.
There are other alternatives to MinerGate such as Claymore Miner, Hashing24, EoBot, Pow8, and Hashnest. Most of the sites are legit and they allow you to make profit! MinerGate is one of the leading runners in the game!
My Final Opinion of MinerGate
Despite all the scams related to MinerGate, it has still maintained its position in the market. People are using it and they love the cloud mining site. Rather than looking for mining sites, the crypto mining site is a better choice.
Once the miner invests their money, they would get higher returns. A $500 investment can bring you about $229.26 in just a month! If you invest $10000, it would take you two months to earn the same amount.
Cloud mining is trending and everyone is talking about it! There is a lot of risk related to cloud mining but if you are choosing a good site then you will not have any problems.
The good part is that even without owning sophisticated hardware, you can become a miner. The miners on MinerGate get an excellent ROI for their investment. The security system is good and the features are great. In a nutshell, it is worth it!
MinerGate at a Glance
Owners: Claude LeComte