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.
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).
Whether you are new to cryptocurrency / digital currency speculations or have been in the know for years, there is no doubt that the industry is experiencing exponential growth. The interest in crypto mining, coin trading and usage to pay for goods and services has never been higher.
If you are looking to mine Bitcoins or Litecoins with Minergate pool, here are some useful instructions from the member of our team Janika.
Hi miners! My name is Janika and recently I was introduced to the wonderful world of cryptocurrencies. While exciting, this world may be challenging for a newbie. I will guide you through it and help to learn the ropes as a slightly more experienced newbie. Let’s get into the basics of cryptocurrencies today.
Fellow miners, we are publishing the next story of one of our users, Borys. Borys is a crypto enthusiast who believes in the future of different coins, and we believe in it too. Here is his story, don’t forget to share yours!
Dear miners! In August, we asked you to share your mining experience with us, to send us your mining stories. Our user Andrew was the first to win 1 Bitcoin and now we present you the next winner. This is the story of our user Richard.
Minergate (M) took an interview with our top miner Vasya (V). We asked him about his past experience with cryptocurrencies, some difficulties a miner can face and his general thoughts on the subject. Hope it will be inspiring to our mining community.
In August, we asked you to share your mining experience with us, to send us your mining stories. We found some of them really thrilling, chose the best and now present them to you. This is the story of our user Andrew.