Minergate and Nicehash, 2 mining pools you must know.

Nicehash

NiceHash is the world’s largest crypto-mining marketplace. It is based on the concept of a sharing economy by connecting sellers and buyers of computing power from all over the world.

Sellers are provided with the easiest way of earning money through the NiceHash Miner (GUI software) that autosells user’s computing power for highest possible profit on the marketplace. The dashboard provides sellers with additional value and data insights for better day-to-day mining.

Buyers are provided with access to massive hashing power on all major hashing algorithms. This enables buyers to use hashing power to mine any coins; the established ones or the new coins on the rise. The unique pay-as-you-go purchase model allows buyers to be completely flexible and bid on the hashing power in real-time without long-term contracts.

In Nicehash you can sell or buy computing power, for the purpose of mining new cryptocurrencies and allowing transactions between them.

  • Earn money with your CPU or GPU

  • Earn money with a ASIC machine

  • Earn money with a rig farm

Nicehash has a fair approach to cloud mining.

  • Buy massive hashing power for mining Bitcoin, Zcash, Ethereum and other coins

Start with 0.005 BTC

Minimum order price is 0.005 BTC for every algorithm.

No contracts, no risk

Cancel at any time and get your remaining funds back with no cancellation fee.

 Fast delivery

Massive hashing power in a short amount of time.

 Mine on your favorite pool

You decide how and when you want to buy hashing power and which pool to direct it to.

 Real-time statistics

Follow your workers and their performance.

You can learn more on how to mine with nicehash in this video:

Minergate

Minergate is a  user interface that allows Cryptocurrency mining and Mining Pool,  created by a group of cryptocoin enthusiasts.

It is the first pool which provides service for merged mining.

This means that while mining on our pool you can mine different coins simultaneously without decreasing hashrate for major coin.

  • The supported currencies are:

  • Zcash [ZEC]

    Zcash is a decentralized privacy-centered currency, allowing users to partly conceal the details of their transactions, such as sending and receiving parties and the amount. It is possible due to innovative technology the developers have come up with, zero-knowledge proving. Zcash is a fork of Bitcoin protocol, thus they share some similarities, such as the total amount of coins to be minted and block reward halvings. Advanced privacy is the main major improvement.

    Ethereum [ETH]

    Ethereum is currently the most ambitious blockchain project. It runs its own cryptocurrency, called Ether, but goes beyond being just digital currency. Ethereum is a decentralized platform that allows building smart contracts: decentralized applications (dapps) that run as they coded without any possibility of censorship, downtime, fraud or third parties interference. The applications can move value through Blockchain and represent the ownership of property. The big idea behind Ethereum has attracted millions of users (crypto-enthusiasts, miners, investors) and boosted the market value of Ether coins, making it the most popular cryptocurrency after Bitcoin.

    Bitcoin [BTC]

    Bitcoin is decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. Most client software, derived or “from scratch”, also use open source licensing.

    Litecoin [LTC]

    Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units. One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used.

    Bytecoin [BCN]

    Bytecoin is a first CryptoNote-based cryptocurrency. A CPU-mined coin, it/s primary advantages are extraordinary transaction untraceability and unlinkability features. BCN is stated to be much more anonymous than Bitcoin and all its existing forks. The developers claim a person’s right to privacy is their primary concern and strictly observe their own privacy. Bytecoin was started on July 4th, 2012.

    BCN is based on CryptoNote, an open-source technology for anonymous cryptocurrencies. It utilizes ring signature and one-time addresses for completely anonymous payments. CryptoNote is designed in a way, which makes block chain analysis impossible. CryptoNote is focused on CPU-mining in order to make the special purposes devices useless.

    Monero [XMR]

    Monero is a new coin using the CryptoNote protocol. It’s based on Bytecoin, which was coded from scratch and is not a descendent of Bitcoin. XMR was launched on April 18, 2014.

    Bitcoin Gold [BTG]

    Bitcoin Gold is a fork of the Bitcoin blockchain. At block 491407, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency born.

    DigitalNote [XDN]

    DigitalNote is an experimental open-source cryptocurrency based on CryptoNote technology and CryptoNight algorithm. It is a fork of Bytecoin – the very first implementation of CryptoNote. Nobody own or control DigitalNote. It is a scalable decentralized cryptocurrency with strong privacy protection. DigitalNote uses ring signatures, to provide unlinkable and untraceable transactions.

    QuazarCoin [QCN]

    QuazarCoin is a new cryptocurrency based on the CryptoNote and uses the CryptoNight algorithm. QCN protects your data and privacy with help of completely anonymous transactions with ring signatures.

    Fantomcoin [FCN]

    Unlike other CryptoNote based cryptocurrencies, Fantomcoin supports merged mining. It can be possible with Bytecoin, Monero, QuazarCoin or any CN based coin. New blockchain needs no additional hashpower – it uses Bytecoin, Monero, QuazarCoin blocks or shares as PoW. Miners are free to choose “donor” chain they like. In case other chains based on CryptoNote will appear they also can be used as “donor” chains.

    MonetaVerde [MCN]

    MonetaVerde is a CryptoNote based coin, wich supports merged mining like Fantomoin (FCN). MonetaVerde is the first cryptocurrency in which block reward is increased when difficulty is growing. Mining of MonteVerde does not require any additional hashpower if you chose Merged Mining with the major CryptoNote coin.

    AEON coin [AEON]

    AEON coin is the anonymous cryptocurrency which is based on the CryptoNote protocol and uses the CryptoNight algorithm

    Dashcoin [DSH]

    Dashcoin is a Next generation anonymous cryptocurrency and the first automatically mutating cryptocurrency created with CryptoNotetechnology.

    Infinium-8 [INF8]

    Infinium-8 (INF8) is a new privacy-centric coin using the CryptoNote protocol.
    The open source reference implementation of CryptoNote was coded from scratch based on the CryptoNote reference implementation, and is not a fork of Bitcoin.

In Minergate you can:

  • Cloud mining

Create your first cloud mining contract

The most advanced mining hardware and only freshly mined Bitcoins, Ethereum and Monero directly from the block.

  • Use mining profitability calculator

Use this tool to analyse your investments in crypto mining.

  • Take advantage of the nice info on their Blog 

Interesting blog content for cryptominers.

  • Easy to use mining app for your desktop

When you first click Start mining next to Ethereum, you will see that the application is preparing the so-called DAG file.

It will take a couple of minutes. Don’t worry, it will need to do this only once, this won’t happen each time you enable ETH mining.

It may happen that at first your hashrate will be quite low, just several hashes.

Leave it as it is, it will increase as you keep mining. This is a standard case for Ethereum mining, let your rig speed up for some time.

You can learn more on how to mine with Minergate in this video:

So did you learned about Minergate and Nicehash?

Please let us now your comments.

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