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MinerGate.com

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Miner Gate is a service that lets you earn crypto-currencies with the phones and computers you already have.

About Minergate

Minergate is a mining pool that is designed to be easy for beginners. Minergate offers a simple desktop and/or phone application that gets people mining in minutes!

Getting Started with the Desktop App

  • Create an account by going to MinerGate.com and clicking Sign Up in the top right.
  • Once your account is verfied, go to Downloads and download the GUI Application for your computer. If you only have a 32 bit machine, you may want to consider stopping right now.
  • If your download or install is stopped by your anti-virus, you will either need to allow the specific application or turn off your anti-virus. This application has been flagged as a trojan by some anti-virus because hackers install it on unsuspecting computers to make money.
  • Follow the prompts to install the Desktop App GUI as you would any other app, then open it and log in.
  • Now that you are logged in, the first page you should should see is Smart Miner, you can turn this on and it works decent, but I recommend clicking Pause and set your coins manually on the next tab.
  • From the miner tab, I recommend mining XMR with one less CPU core than your computer can handle. Why one less? Because memory is the actual bottleneck in mining. Your CPU likely does not have enough memory to process efficiently at 4 cores as it does 3 if that is all of the cores you have.
  • Do not use the GPU mining in the GUI! We will discuss how to mine on the GPU in the next sections and will get more than double the speed of the GUI!

Understanding the Dashboard

Now that you have the Minergate Desktop App mining for you, let's check out the Minergate Website Dashboard (Click here to open).

Since we eventually have to have multiple computers mining to make money, the dashboard is the easiest way to see how all of your computers are mining.

Since we started mining Monero, as you scroll down, you should find a box similar to this:

Each number in the picture corresponds to a bullet below:

  1. This is the name of the coin and its icon
  2. The total amount of this coin you own
  3. The estimate of its worth when exchanged to Bitcoin (BTC) or Dollars (USD)
  4. When you reach the withdrawal minimum you can click this button to send your coin elsewhere
  5. You can also send your coin to other minergate users
  6. Your current hash rate for this coin, all computers combined
  7. Online means you have computers mining
  8. This is the number of computers mining for you
  9. Unconfirmed coins are coins you have mined, but are not yet in your account because you need to hit a certain minimum for them to confirm. For Monero this number is 0.005
  10. The number of solutions your miner has found and were accepted
  11. The number of solutions your miner found, but were rejected because another person submitted it before you. If this happens a lot, you need lower latency Internet.
  12. Grand total of this coin you have mined, including withdrawals
  13. Grand total of times your miner found the winning solution, not just a part of it.
  14. Invalid shares are usually the result of bad software or hardware.
  15. PPLNS (Pay Per Last Network Share) is the fee structure recommended for users who mine 24/7 (Click to enable)
  16. PPS (Pay Per Share) is the fee structure for people who hardly mine.
  17. Does not work as of this writing
  18. Total speed of all miners in our pool
  19. Total miners mining this coin on our pool
  20. Total estimated speed of all miners in all pools
  21. The current block the coin is on
  22. The number of shares expected to solve the solution and earn the coin
  23. These people are in the top because they have massive mining operations
  24. Click this icon anytime you want to hide this coin

Mining on Android

  • You will not make the big bucks mining from your phone, but the option is avilable to Android users.
  • At this point in time, you cannot mine with iPhone or iPad, but almost any Android phone or tablet from the past 3 years can be used to mine!
  • Go to the Google Play Store and install "Minergate"

There is now an upgraded version, if you still have the old version, click the old tab below.

  • Open the app and click "LOG IN" in the bottom left.
  • Enter in your email and password
  • Before you start mining, click Menu in the top left and click settings
  • Tap Thread Count and backspace it to reveal "(Core count: X)" I recommend setting your thread count to just over half of your core count.
  • 4 core phones will run best at 2 or 3 threads, 8 core phones will run best at 4 to 6 threads.
  • Toggle Only When Charging to On
  • Toggle Use Mobile Data to On
  • Tap the back arrow in the top left
  • Tap Bytecoin and change it to whichever to want to mine, I recommend Monero or Bytecoin
  • Tap Start
  • You are good to go! Some devices stop mining when the screen turns off, lookup how to enable developer mode on your phone and disable screen timeout if this is the case (Samsung S5 and S7 need screen on)

Advanced GPU Mining

Not all miners are created equal, depending on your hardware and the coin you wish to mine, you will need different software. I will try to cover a few of the best ones.

Click your Operating System, then click each of the tabs below to navigate between each of my recommended coins and setups.

ETH is the code for Ethereum. It is the hottest coin to have besides Bitcoin in June 2017, and that means it is easy to convert to cash at exchanges such as CoinBase (Sign up under me for $10 offer).

Requirements

  • To mine Ethereum, you will need an AMD or NVidia GPU with a minimum of 3GB of RAM on the GPU as of June 2017. The DAG is ever increasing, it was only 1GB last year, so many people go for the 8GB cards. However, sometime in the end of 2017 the Ethereum Algorithm is expected to change, and so will this requirement.
  • Your computer must be running Windows 64 Bit or Ubuntu 64 Bit Operating Systems (Click the Linux tab for Ubuntu Guide)

Recommended GPUs

  • AMD Radeon RX 480 8GB: 24 Mh/s Without Modification
  • NVidia GeForce GTX 1070 8GB: 26 Mh/s Without Modification
  • Modification is outside the scope of this guide.

GeFore GTX 1080 Ti 11GB
31.3 Mh/s
Nvidia GeForce GTX 1070 8GB
26 Mh/s
RX 480 8GB
24 Mh/s
RX 580 8GB
23 Mh/s

Download Genoils for Windows 64 Bit

  • I discuss Dual Mining in the next tab, but for mining only ETH I will cover Genoils
  • Download this pre-compiled binary from cryptomiing-blog.com OR if you know how to compile yourself, compile from here.
  • Unzip the files someplace easy to get to, you will have to type it in later.
  • Right Click "Ethermine-Stratum-OpenCL.bat" and click "Edit" to open it in Notepad. Delete everything in it.
  • If you are using AMD GPUs, paste the following line of code and change user@email.com to your account, then save.
  • setx GPU_FORCE_64BIT_PTR 0
    setx GPU_MAX_HEAP_SIZE 100
    setx GPU_USE_SYNC_OBJECTS 1
    setx GPU_MAX_ALLOC_PERCENT 100
    setx GPU_SINGLE_ALLOC_PERCENT 100
    ethminer -G -S eth.pool.minergate.com:45791 -O user@email.com
                
  • If you are using Nvidia GPUs, paste the following line of code and change user@email.com you your account, then save.
  • setx GPU_FORCE_64BIT_PTR 0
    setx GPU_MAX_HEAP_SIZE 100
    setx GPU_USE_SYNC_OBJECTS 1
    setx GPU_MAX_ALLOC_PERCENT 100
    setx GPU_SINGLE_ALLOC_PERCENT 100
    ethminer -U -S eth.pool.minergate.com:45791 -O user@email.com
                
  • To run this code, open Windows Powershell by holding the Windows Key and tapping the letter R, then type powershell and hit enter.
  • Do you remember where you unzipped the files? Type cd C:\Path\To\Folder where path/to/folder is where you unzipped the folder
  • Once in the folder, type ls and hit enter, you should see the file we edited.
  • Run the file we edited by typing .\Ethermine-Stratum-OpenCL.bat and pressing Enter
  • In about 1 minute it should start mining!

Linux Guide Coming Soon

ETH is the code for Ethereum. It is the hottest coin to have besides Bitcoin in June 2017, and that means it is easy to convert to cash at exchanges such as CoinBase (Sign up under me for $10 offer).

Requirements

  • To mine Ethereum, you will need an AMD or NVidia GPU with a minimum of 3GB of RAM on the GPU as of June 2017. The DAG is ever increasing, it was only 1GB last year, so many people go for the 8GB cards. However, sometime in the end of 2017 the Ethereum Algorithm is expected to change, and so will this requirement.
  • Your computer must be running the Ubuntu 64 Bit Operating System (If you are using Windows, you are using the wrong guide)

Recommended GPUs

  • AMD Radeon RX 480 8GB: 24 Mh/s Without Modification
  • NVidia GeForce GTX 1070 8GB: 26 Mh/s Without Modification
  • Modification is outside the scope of this guide.

GeFore GTX 1080 Ti 11GB
31.3 Mh/s
Nvidia GeForce GTX 1070 8GB
26 Mh/s
RX 480 8GB
24 Mh/s
RX 580 8GB
23 Mh/s

Update
I used to recommend a different mining software for Linux, but now I only recommend ClayMore. Please select the ETH+SiaCoin tab to continue with this setup. If you wish NOT to dual mine, simply comment or remove the lines referring to SiaCoin in the next tab.

Picking the Right Coins

Decentralized coins are only as good as their centralized developers.

Justin Pruett, evaneva.com

My top picks in this article were Ethereum (ETH) and Monero (XMR), but how did I come to this conclusion? I spent time researching each coin to see how valuable is was today, in July 2017, and then I try to guess how popular it will be in July of 2018 on the basis of developer communication, technology, and public perception. I cannot be your financial advisor, but I can point you to some of the tools I use:

  • CoinCap.io - See the top coins ranked by market share.
  • CoinBase - See how much cash you can get selling the coins right now

Click through the tabs below to see some of my notes about each coin

Bitcoin is what started it all! This is a widely known coin with years of development and marketing. It was not until 2017 that Bitcoin forked into multiple versions. The original version, Bitcoin Core is a deflationary coin that naturally gains value over time.

Take your Money and Run

Mining is regarded as a long-term investment, it took many years for Bitcoin to go from pennies to thousands of dollars. The idea is to collect now, and sell later for much higher profits. However, you may want to take out some cash now to re-invest in hardware.

Services such as CoinBase are easy to send ETH to and convert to cash:

  • Sign up and Log in to CoinBase
  • Click Tools
  • Click the dropdown below addresses and change it to your ETH Wallet
  • Click Create New Address on the right side
  • Copy this new address and paste it into the withdrawal address on MinerGate

To cash in the other coins that CoinBase does not support, we can use an exchange to convert any coin into ETH:

  • Go to Changelly and create an account and login
  • Follow the on screen instructions convert your coins

Frequently Asked Questions

How do I contact MinerGate?
Go to: https://minergate.com/support

When do coins confirm?
When you mine aeon (AEON): 0.005, Bytecoin (BCN): 20, Dashcoin (DSH): 0.1, Ethereum (ETH): 0.001, Monero (XMR): 0.005, ZCash (ZEC): 0.001, Others (FCN, QCN, XDN, MCN): 1

What is merged and/or dual mining?
This is the process of using part of your work mining one coin type to mine a second type without working from the beginning. I like the analogy of an ice cream cone: You are trying to sell your ice cream, so you ask others if they want your vanilla ice cream, if nobody says yes, you add sprinkles and ask again. Hopefully you create an ice cream someone wants, if not, you just let it melt and start on the next flavor.