Minergate
| Type of business | Private |
|---|---|
Type of site | Marketplace |
| Area served | Worldwide |
| Industry | Internet |
| Services | Cryptocurrency |
| Website | minergate |
| Launched | 2014 |
| Current status | Online |
MinerGate is one of the largest multicurrency mining pools.[1], where users join resources to get a share of profits[2]. The project was started in 2014 by a group of blockchain enthusiasts, led by Claude Lecomte. MinerGate operates with 10 coins and supports 4 major mining algorithms[3].
Business model
MinerGate is the first pool that allowed users to mine various cryptocurrencies without lowering the hash rate for the major coin[4].
To start mining on MinerGate, a user must authenticate his or her email address and create a secure password. After that, he or she can download the right version of the software (for Mac/Windows/Linux). Users can also mine cryptocurrencies directly on the website without downloading extra software.
MinerGate is a unique project as it allows mining different coins at the same time without a decrease in the hashrate. It is considered one of the easiest options for inexperienced users to start mining cryptocurrencies.
MinerGate also has an app called MinerGate Mobile Miner[5] that provides a built-in wallet alongside an opportunity to mine various cryptocurrencies[6][7]
Controversies
In July 2018, Google updated its policies concerning certain crypto apps and decided to remove on-device cryptocurrency mining apps from the Play Store[8]. To comply with the new rules, MinerGate removed the on-device mining function from the app, leaving only the possibility to manage remote cloud mining. Despite that, the app with 1 million downloads became unavailable for Android users.[9]
References
- ↑ Mani, Shampa (10 May 2016). "Cryptocurrency Mining Pool MinerGate Releases 1-Click Ethereum Miner". EconoTimes.
- ↑ Nield, David (7 December 2017). "How Exactly Do You Get Rich Off the Hot New Cryptocurrency?". Gizmodo.
- ↑ "We are MinerGate". Minergate.
- ↑ Aitken, Roger (31 Jan 2017). "ChronoBank 'Crypto' Startup Attracts $3M Bitcoin, Forges Changelly App Partnership". Forbes.
- ↑ Drake, Nate (12 May 2018). "How to mine cryptocurrencies on your Android smartphone". Techradar.
- ↑ Comben, Christina (5 October 2019). "How to do cryptocurrency mobile mining". Yahoo News.
- ↑ Kheit, John (19 June 2018). "What Happens When Super Computing Super Powers Mine Crypto". The Mac Observer.
- ↑ Bell, Lee (27 July 2018). "Google bans crypto-mining apps from the Play Store". The Inquirer.[permanent dead link]
- ↑ Beedham, Matthew (4 September 2018). "Google erroneously banned a cryptocurrency mining app with 1M+ downloads". The Next Web.
External links
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This article "Minergate" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Minergate. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
