Dear Miners, Our support team is putting its best foot forward to make sure all your queries are handled in time and efficiently. To play your hand into speeding up the process, please follow these simple 5 tips below.
Mining Tips & Guides
A bit of common sense and experience in cryptocurrency mining.
In this part of the tutorial, we will go over, step-by-step, how to put together all of the components that make up an effective GPU mining rig. In the first part, we discussed various mining hardware, the pros, and cons of each and some great tips and resources for getting started.
Everyone’s heard about blockchain but I bet you can’t say the same about sidechain. Sidechain is a mechanism that allows digital assets from any blockchain to be used on any other blockchain and moved back if needed. It’s used when one wants more flexible blockchain solutions.
When you start mining with MinerGate, run the Benchmark tool at first. It’s in the MinerGate menu, between “Miner” and “Achievements”. The tool will iterate through all the coins you can mine using your configuration and run specific tests for each of them. This will help you to calibrate your expectations, not only in terms […]
To get the highest profit while mining, do a research on which coin(s) you think will increase in value. In terms of pure math, you can input your hashrate into a mining calculator and get an estimate of daily coins and dollar value earned. Try the WhatToMine and MinerGate mining calculators.
Have you been experimenting with mining and are ready to take it to the next level? Maybe you’ve been mining with a laptop or desktop CPU or maybe you are completely new to mining. Either way, this tutorial will show you, step-by-step how to build, configure, and maintain an effective and profitable mining rig.
There are several key concepts every miner should know, including the difference between mining pool and mining farm. Mining farm is a place where a large number of computers and servers are solving the complex cryptographic problems. Mining pool is a union of cryptocurrency miners who combine their computational resources over a network and split […]
CPU is a Central Processing Unit while GPU – Graphics Processing Unit. CPU is better used for mining low difficulty cryptocurrencies, for instance, Cryptonight protocol coins, like XMR (Monero) or BCN (Bytecoin). GPU can literally mine any coin available in the market, but the profit will depend on a variety of factors.
When you choose a mining GPU you should always take into account the memory offered by the GPU as well as your energy needs and costs. Try to mitigate your initial costs to maximize your profits and start making your initial investment as soon as possible.
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.