Bytecoin is a cryptocurrency that was first to implement the CryptoNote protocol. Bytecoin made a significant impact on the cryptocurrency industry and remains to be one of the most popular coins on the market to this day. Bytecoin became a base for multiple forks, some of which are Monero, AEON, and Fantomcoin.
One of the most popular third-party mining solutions among MinerGate’s users – XMRig – appeared to have a critical bug in its codebase, making the mining of the updated Monero (XMR) within MinerGate XMR mining pool impossible.
Our Monero (XMR) mining pool is already set up to support the upcoming Monero hardfork with our recently released GUI miner for Windows. Please update your software to continue mining Monero. In the meantime, we will be testing other versions to make sure you get the smoothest and safest XMR mining experience.
There is no doubt that mining is the backbone of every cryptocurrency. Whether it is on a mobile phone, ASIC, or hardware in the Cloud, it is these computations, big or small, that make the transactions of users possible. Here is an up-to-date review of the CryptoNote mining scene.
Dear miners, We are glad to inform you, that recent issues with Bytecoin withdrawals were finally solved. Starting from now you can transfer all your BCN funds to the Freewallet and operate them off-chain as any other supported cryptocurrency.
There have been many algorithms discussed and proposed over the years in the cryptocurrency space. There are many arguments for and against each Proof-of-Work algorithm, however, we’ll discuss two most widely known of them – CryptoNight and EquiHash.
Dear miners, We’re glad to inform you that MinerGate multicurrency mining pool is now compatible with NiceHash. Through NiceHash Miner GUI software, users can sell the computing power of their CPUs, GPUs, ASICs and rig farms, to buyers who use it to mine with larger pools. To benefit from this feature, MinerGate users simply need […]
Monero, with its focus on privacy and decentralization, today is one of the ten most popular cryptocurrencies in the world by market capitalization.
According to the official announcement, Monero team is going to change PoW and issue a new algorithm CryptoNightV7. The main cause for the change is “to maintain ASIC resistance by swiftly reacting to any potential threat from ASICs and considering slightly modifying the PoW at every hardfork.” The Monero team is protecting XMR from the […]
CryptoNight is a proof-of-work hashing algorithm developed to suit a regular PC with CPU-based computing principles. It originates from CryptoNote protocol that requires 2 Mb per instance. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline, so the consensus is meant to be ASIC resistant. However, some of you […]