Are you planning to get in the crypto mining business? but not sure about how to start and where to. Well here I am able to help with some of my thoughts on it. I have spent over 2 years in this trying to learn the cryptocurrency and the mining procedure.
You can solo mine any coin if you want to, but the biggest problem with that is to get the block rewards. Solo mining could take years to solve one complete block. If you don’t have enough mining hash power then my suggestion to you is to join the popular mining pools. You can share your mining power into the pools with the other miners. Every time a block is found and completed the pool automatically distributed the block rewards based on the current mining block difficulties and your actual hashing power in that pool.
You can join any popular mining pools very easily, most of the mining pools take less fees even 0.5% and have huge user base. So you don’t have to wait so long to get profit form your mining rigs. In this article I have share some of the biggest mining pools and its fees, minimum payouts and all the details you need to know.
Joining on minergate is easy, anybody could do that. Joining the mining pools and configuring your mining rigs are difficult to do. But for the beginners minergate is the best pool all of the above.
You can join minergate in a minute. You can join the button above, fill out signup forms your username, email and password. The best things on this mining pool is you can use the GUI miner from minergate. Its easy to use no configuration required. In my opinion if you don’t have the skills to configure your own mining rigs use the app. Minergate provides both desktop and mobile apps on all platform.
List of currencies supported by minergate now in their pool
- Monero – XMR
- Grin – GRIN
- Bitcoin – BTC
- Ethereum – ETH
- Litecoin – LTC
- Ethereum Classic – ETC
- Bitcoin Gold – BTG
- Zcash – ZEC
- Bytecoin – BCN
- Monero-Classic – MCN
- Block Producer – EOS
- TRON Representative – TRX
You can select the rewards method in PPLNS or PPS, You can see about the details in here, about how PPLNS or PPS works. If you want to test any coin then use the pay per share or PPS method, But for the long run and higher rewards you must use the PPLNS. Pay per share fees are 1.5% and PPLNS fees are 1%.
How to withdraw coins from minergate?
From the minergate dashboard you can directly withdraw your fresh baked cryptocurrencies in your freewallet. Another options is you can trade your coin with the most popular crypto trading sites HitBTC or changelly. You can buy any cryptocurrency in changelly with your credit card instantly.
If you are thinking about massive level of investment on your mining rigs and make profit out of it fast and secure, slushpool is one of the top leader of all mining pools. Slushpool only supports two coins right now for mining. BTC and ZEC. Now I have seen the current bitcoin mining power in the pool is 6.032Eh/s, and its growing fast everyday.
How to join slushpool?
Joining to slush pool is easy simple registration process. You have to provide your username, email and password to join their pool. After sign up you need to verify your email address and activate your account.
You can see every details in your slushpool dashboard. You can monitor your every mining rigs or workers and see the status of your rigs.
Minimum withdrawal limit for bitcoin in slush pool is 0.001 BTC, If you withdraw lower than 0.01 BTC then you will have to pay 0.0001 BTC additional fees