How To's Review

Simple and Easy Cryptocurrency Mining

Written by Dr-Hack



Mining Cryptocurrency is not a simple and budget friendly task anymore,but what if you just want to get a hang of it and use your PC with few GPUs and put them on mining ? Even after following this guide you may not be able to mine Bitcoin (BTC) but you can mine many of the available Alt coins (Monero, Fantomcoin ) or even the famous ones (Ethereum)

Easy Method to Mine Crypto

The service which I am going to refer to you is called MinerGate. This service has a mining pool with convenient GUI miner. Zcash, Ethereum, Bitcoin, Litecoin, Bytecoin, Monero, Dashcoin, DigitalNote Aeon & more coins are available for mining with an easy to use GUI based miner, it supports multiple mining of coins with support of varies GPU card support.

I call this “Mining for the Poor” – those who can not invest $2500+ for ASIC miners. Lets go ahead and start mining

How to Start Mining using your Home PC

With this technique you can go about mining with a normal PC with or without a GPU

  • Open MinerGate and register yourself
  • Once you have created your account, Download MinerGate GUI Miner
    Note: MinerGate supports Mac,Ubuntu,Fedora along with Windows
  • Install and run MinerGate Application
  • Sign In on your MinerGate Application (Menu > Sign In)
  • On “Smart Miner” tab of the application select the number of Cores you want to using and click on it and the mining will start
    minerGate Application

GUI Miner Features and Advantages

  • Supports merged mining – mine two coins with same hash rate power
  • You can check your System Hash Speed from “Benchmark” tab so you can test how much you will make out of your system specs
    benchmark MinerGate
  • Inbuilt Wallet and Transaction record

What the numbers mean while Mining ?

if you are using this service you will see some words and numbers, lets see what they mean.

Numbering in GUI Application

GPU, CPU friendly miner

Good shares – Total amount of correct shares to be rewarded
Last share – Time from receiving last share
Bad shares – Total amount of incorrect shares or shares which were sent too late. These shares are not rewarded
Shares difficulty – The current value of difficulty for each sent share
Currency balance – Total amount of confirmed coins available for withdrawal
Unconfirmed balance – Amount of mined coins which are waiting for confirmation from our servers
Reward method – PPS or PPLNS reward method you have selected in your account`s Dashboard
NOTE: For newbies it is advisable to use PPLNS reward method
CPU cores – Select quantity of your CPU cores which will be used for mining
Merged mining – Merged mining allows you to mine Fantomcoin (FCN) or MonetaVerde (MCN) in addition to the major coin without reducing its hashrate



Numbering on website Dashboard
Dashboard Numbers Mining

You – Your estimated hashrate
Status – Shows whether you are online or offline
Total mined – Total amount for the account history
Unconfirmed – Amount of mined coins which are waiting for confirmation from our servers
Blocks – Number of blocks you found
Total shares – Amount of shares you have sent
Good shares – Total amount of correct shares to be rewarded
Bad shares – Total amount of incorrect shares or shares which were sent too late. These shares are not rewarded
Pool – Estimated hashrate of MinerGate.com
Miners – Number of people who mine this currency on pool
World – World’s hashrate
Blockchain height – The current blockchain height for this coin
Difficulty – The current difficulty for this coin

Supported GPUs on MinerGate

MinerGate supports NVidia cards with CUDA version 7.5, compute capability >2.0 and AMD cards with OpenCL 1.2; which would need latest driver updates.

If you plan mining Ethereum, your card should have at least 2 GB of RAM. This is because of Ethereum main net blockchain DAG file, which is constantly growing.

If you think you have a compatible GPU, but is not detected by MinerGate App,you may contact support with the logs, which you will find in the menu bar of the application > Logs > MinerGate.

MinerGate Pool with other Console Miners

Miner Gate pool currently allows EthMiner to work on their pool.

HOT:  What is mDNSResponder.exe / Bonjour and How Can I Uninstall/Remove It?

Enough Talk Where is My Money

You will be able to see your mined currency in your wallet when it reaches the minimum transaction amount (anything above coin network fee). The same can be checked from the website dashboard
Eearning Mining

I ran miner with 2 CPU cores for 8 hours at the night and it earned me Monero of 0.00001240 BTC value . Tonight I might give GPU mining a try . or maybe get my 3 old laptops and a desktop running – Oh Raspberry Pi 3 would also work as Linux is supported by this App.

This might not give you serious returns but again there was no effort put into it aswell ? . If you happen to have solar electricity and a bunch of Old PCs, you can make something out of it. Did I mention it also supports Mobile mining and has an App which after you sign in with your account will work in parallel of the website. Maybe you can make something like Samsung Bitcoin Miner in their latest Galaxy Upcycling project display in Samsung Developers Conference 2017, where they connected 40 Galaxy S5 Devices which had better results than a i7 Desktop. But please do not use it for mining Bitcoins , It just won’t work.
Samsung Upcycling

For starters and those who want to get a hang of it , there is no harm in giving MinerGate a try and if you want to get into Cryptocurrency you can always buy from Safe Places. Do your research and always ask before you jump in.

 

 



  • Good guide..but the DAG file is way above 2gb now

  • thanks , true indeed nor this miner will work for anything noticeable with Ethereum … try the smart miner option . p.s. one of our user has started making 1USD per day using 3 old laptops .. which were otherwise useless for his use.. and he has free electricity (heaven?) so no harm eh ?

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