MinerGate was created in 2014 by a group of blockchain enthusiasts. It is an open mining pool where users can use their computer or mobile devices to mine cryptocurrencies. All you have to do to get started is sign-up and download the software. MinerGate provides a user-friendly GUI where you can allocate the hashing power of your computer to the coins you want to mine. They support mining for over 10 cryptocurrencies, including, Bitcoin, Ethereum, Litecoin, and Monero.
MinerGate will also calculate which coins will be most profitable for you to mine and suggest this to you. The fees on MinerGate are also very simple. There is a standard fee of 1% or 1.5% depending on the type of coin you decide to mine.
MinerGate has had a few issues with trust in the community. Many people claim that they steal some of their computers hashing power for their own benefit. One recurring point is that many users have trouble when withdrawing coins from their wallets. MinerGate claims it was a technical issue and worked to solve the problem, but this already impacted their reputation.
- Easy to sign-up and download.
- User-friendly GUI allowing you to see the most profitable coins and allocate hashing power to specific coins.
- Straightforward fees.
- Questionable reputation.
- To get a reasonable profit you are required to invest in your own equipment.
- Claims of stealing peoples hashing power.