Cryptocurrency is a form of digital currency based on the principle that a coin occupies a block of digital space. A good guess will lead you to the conclusion that the blockchain is simply a digital ledger where the transactions are recorded chronologically and publicly.
Today Bitcoin Gold is one of the easiest coins to mine! Due to its new Proof of Work algorithm any person with a CPU or GPU can start mining it. This bitcoin fork was created to “make bitcoin decentralized again”.
There are two major ways to effectively mine altcoins: connect to a mining pool or buy a cloud mining contract. As far as cloud mining demands some additional investments (mostly in BTC, which, let’s say, we don’t have at the start), the most obvious option is joining a mining pool.
We have all heard the stories: teenage kid strikes it rich after buying cryptocurrency and holding, or stay-at-home dad makes 6 figure income by trading crypto — and of course, we all want a piece of that. In fact, it’s the reason most people become interested in cryptocurrency. It is essential to understand that while […]
Cryptocurrency is one of the shortest ways to increase your capital drastically, though it is associated with great risks. The most popular and the first mined crypto is Bitcoin (BTC). It was the first and stays the first of all coins.
If you have a not so powerful mining rig or ASIC and you want to be able to effectively mine on multiple pools, you need to join a multipool. A multipool is a mining platform that allows you to selectively mine crypto based on highest profitability in real time.
Here in MinerGate we do know how important it is to keep the finger on the pulse of the industry. Mining is all about power: hashing power – and information power as well. We are striving to provide you with both outstanding mining services and to keep you up to date with the hottest news […]
While choosing a mining pool, bear in mind that smaller pools payout irregularly but in a good amount as you could have the most contribution to this and thus the most number of shares. Large pools pay out small amounts regularly. Overall, they could both lead to the same amount of profit over time.
What is Cloud Mining? Cloud mining means using shared hashing power provided by remote mining farms. All you need for a successful start is your laptop or your phone to get in touch with the service providers and a wallet to withdraw your rewards to.
Different cryptocurrencies have different hashing algorithms such as CryptoNight, X11, SHA-256, Scrypt, and others. Some of these algorithms can still be effectively run on CPUs (eg, CryptoNight), others work best on GPUs (Scrypt or X11), and others are the domain of custom ASICs (SHA-256 or Scrypt).