Best Way to Mine CryptoCurrency

in cryptocurrency •  7 years ago 

You can now start mining your own Bitcoin on MinerGate.

Follow this link and start mining.
https://minergate.com/a/41a15a1e71aedd5881dba0a6

20180123_234343.png

About MinerGate

MinerGate is a 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 simultaniously without decrease of hashrate for major coin.

Supported currencies

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]

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]

Moneta Verde is the first CryptoNote-based cryptocurrency with blockreward increasing together with difficulty. It supports merged mining with Monero, QuazarCoin, Bytecoin or any other CryptoNight-based coin.

AEON coin [AEON]

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

Affiliate program Terms & Conditions

The Affiliate program gives you an opportunity to get a % of profit of invited users

In order to use the Affiliate program User should register on MinerGate.
After registering you will get a unique affiliate link which should be used for registering new users.
For every user registered after visiting minergate.com from your affiliate link, you will be awarded a certainpercentage of mined funds. MinerGate will pay these rewards from its own income.
Profit is transferred to the balance daily.
MinerGate in no case will be responsible for any User"s expenses or loses, incurred by the User when making recommendations according to these Rules.

Tutorials for Newbies

So if you're entirely new to the mining scene and don't know where or how to start. Here's a guide for you that will get you on your way.

You can follow the link to have tutorial,
http://blockchainstats.info/mining/your-first-time-mining

This tutorial contains both a written and video portion. If you are new to the concept of mining, or using Minergate, we suggest that you watch the video then read the written tutorial to solidify your understanding. Use the written tutorial as a reference later or when you need to refresh your memory of this process.

Good luck mining.
To get started follow the link,
https://minergate.com/a/41a15a1e71aedd5881dba0a6

20180123_234246.png

Follow @jehanzeb4u for more content

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

If you mine on a CPU, it'll earn a few cents a month maybe lol gotta have a GPU rig to even get close to break-even.

See My Top 5 Altcoin Picks of 2018

Is it still profitable ?

with a CPU no. Normally, it is really good and easy to mine! You just select the coin that you want.