Minergate, one of the largest multi-currency mining pools, has recently added the Ethereum mining feature to its mining client.The main idea behind Minergate is the ease of use and approachability for amateur miners, without any associated drawbacks for professionals.Variable difficulty, a defining feature of the pool, adapts the difficulty to the power of a user’s CPU/GPU, which allows for efficient mining even on some weaker equipment.Minergate was launched in 2014 by a team of cryptocurrency enthusiasts.It consists of more than 100,000 active users mining a number of cryptocurrencies - Monero, Bytecoin, Bitcoin, and now Ethereum.Solo miners and pools alike have been mining Ethereum since the generation of its Genesis block on 30 July 2015.The ever-growing popularity of the coin has reached an unprecedented height, when it hit $1B market capitalization in March 2016.It is no wonder that there are many people out there who would like to join in on the profits from the nascent industry: the total hashrate of Ethereum network is estimated to be 2.4TH/s and growing, with most of that amount spread across several major pools.

As it was with Bitcoin, the popularity of the cryptocurrency is creating nigh-impregnable barriers to entry for independent non-professional miners.Even now, the GeForce GTX 960, one of the most popular GPUs, would have to mine Ethereum for about 5 months before it just breaks even, and the difficulty is only expected to increase.What that means is that the focus will gradually shift towards mining pools, which allow their members to join resources and thus increase the predictability of the gains, as opposed to relying on luck while mining solo.It is for that reason that the pool’s GUI miner has been one of the most simple to use in the industry, with a single-click mining feature.The pool’s developers kept the same idea of accessibility in mind during the implementation of Ethereum mining.Cointelegraph talked to Claude Lecomte, Minergate`s CEO, about the mining industry and Minergate’s new features.According to Lecomte, Minergate has a 1-click GUI miner that eliminates the barriers for entering the mining world.

Minergate software doesn’t require configuring the system or studying tutorials.The user downloads the app and clicks “start mining”.This is important as many users don’t know how to deal with console miners, but still potentially have significant mining power.In the case of Ethereum, they are often gamers that usually have powerful graphic cards.Lecomte considers Ethereum “one of the most advanced technologies nowadays.” He considers the secret to its success to be the fact that it isn’t positioned as “modern cryptocurrency” with some “killer features”.It is a blockchain platform that allows for creating value added applications on top of it.He explains to CoinTelegraph: “While Bitcoin popularity is limited to the Nakamoto’s genial idea of decentralized digital money, Ethereum is open to any other ideas that can be coded, which means there are no limits at all.Having such opportunities, Ethereum can constantly become more popular, and Ethers, being the basic network token, can grow in price infinitely.” Although Minergate’s Ethereum mining feature is targeted to amateur miners, professional miners can successfully connect and efficiently mine on the pool, using console miners, like ethminer, the official Ethereum mining client.

Now that Minergate has added Ethereum to their 1-click GUI miner, it is possible to start mining in a couple of seconds and make profits mining on ordinary computers.When it comes to mining pools, a question is often raised about their intrinsic discrepancy with the core philosophy of any cryptocurrency: decentralization.greece coin bitcoinBy joining hashrates in massive amounts, pools centralize power, and thus endanger the security of the entire network.bitcoin zebra payLecomte believes market laws will help to mitigate this threat by providing a better market supply for the growing demand.bitcoin wallet in nigeria“The fighting against the centralization is at heart of any decentralized technology, so the concern regarding the network power centralization by major pools is understandable.mine litecoin program

Still, as the coin becomes more popular, other alternative mining services show up, introducing new features and dividing the market into custom segments.” Lecomte notes that the market is changing rapidly, introducing cryptocurrencies with various underlying algorithms.cnn dinero bitcoinThe protocols can sometimes be improved even in existing coins, which usually affects mining.ethereum ipo addressStill, MinerGate’s job will be focused on driving adoption for the promising technologies by creating the most comprehensive mining services on the market.raspberry pi bitcoin miner buyEthereum mining guide by Janika Kouki Ethereum is one of the most popular cryptocurrencies in the world.cours de l'action bitcoin

People who became acknowledged with it often embrace the idea of earning Ethers through mining.This guide is to help you to join miners community from scratch.You’ll learn how to earn Ethers in the most simple way with MinerGate.Before we begin, let’s introduce some basic things about Ethereum, i.e.ethereum south koreawhat it is and why we focus on it.Ethereum is a young and very promising blockchain platform and cryptocurrency, developed from scratch and released on July 30th 2015.Ethereum provides Solidity – a programming language that allows for creation of decentralized apps (DApps).DApps support so-called smart contracts.Smart contract is a protocol which is designed to robotize the execution of contracts, thus reduce the price of certain services.For this reason, Ethereum has focused almost all attention of cryptocommunity, investors and startupers.Learn more about the project on its official page.Just like Bitcoin, Ethereum uses a blockchain technology and can be mined through the power of your computer.

The mining represents producing of blocks and checking them for validity.Ethereum mining is difficult as it contains a lot of complicated calculations in order to prevent attacks and spam.There are several types of mining.It is the hardest way of mining, the only profit from which this is that you don’t have to share your reward with other miners.The difficult thing is to create a competitive mining rig that would be capable to send enough hashes by solving the provided equations.The process when you mine Ethereum using the power of huge data centers called farms.Farms conclude a contract and connect you with their mining machines.Sounds nice, but the contract is temporary and payable.Some consider this method non-profitable.Your computer joins the net of other computers, thus uniting their power to make calculations.The reward for each block processed is shared between miners.MinerGate is one of the most convenient and easy way to start mining Ethereum as it has simple user interface.

This solves the problems of beginners, especially when one is not tech-savvy.If you go solo mining, your computer must be superpowerful to accomplish computing operations.And if you want to upgrade it just for mining, it is unlikely to be repaid.With MinerGate, your odds for Ethereum reward are dramatically increased even if you are using average hardware.Although the reward is shared among pool users, it’s way more profitable than going solo.Now, we came to the core part of our guide.Here are your gates to Ethereum mining with MinerGate (pun intended).To begin with, go to our Downloads page to download the GUI-miner.It’s available for all popular operating systems and automatically suggests you the proper version.As soon as MinerGate is downloaded, create an account.Only three fields to fill out and you’re all set.Here is a handy and comprehensive interface.Now you can start Ethereum mining.To do this, go to the ‘Miner’ tab and click ‘Start’ next to Ethereum.Here you may regulate the number of CPU cores and the intensity of GPU for better results.

MinerGate supports CPU and GPU mining.Many newbies wonder which one of those is faster for Ethereum mining.The answers is GPU.That’s all about speed.A GPU executes 3200 32-bit instructions per cycle, whereas a CPU does only 4.So, the faster your graphic card is, the more coins you earn.While GPU mining, the DAG file required for this process overloads the chip.As the file size is about 1,5 GBs and is constantly growing, graphic cards less that 2 GBs are not supported.Currently we support NVidia cards with CUDA version 7.5, compute capability >2.0 and AMD cards with OpenCL starting from 1.1.Please note that your card should have latest official drivers installed.If your card meets these requirements, but our software cannot determine it as suitable, don’t hesitate to send us the logs of the app, so we can work on your issue.To see these logs, click on MinerGate’s menu bar>Logs>MinerGate.While mining, you see hashrate, wich is the measure of your computer’s power.That’s the number of hashes processed per second.

Your hashrate, together with the hashrate of other MinerGate’s users form the pool hashrate.Current pool and world hashrate, as well as the information on the blocks found by our pool can be found on the Pool stats page.The better your hardware is, the higher hashrate you get, and, yes, the more Ethereum you earn.To calculate how much ETH your computer can mine with MinerGate, see our Calculator.Please note that the longer period you check, the more accurate calculations you will get.Another thing you may have noticed is the DAG-file, mentioned above.It gets prepared when you start mining Ethereum.DAG is a file containing fixed data which is used for a proof of work calculation.Every 30000 blocks DAGs change, and they depend on the block’s height.It takes 4-7 minutes to get this file prepared.DAG requires disk space.If it’s not enough, you’ll see this message: Just provide enough space on your hardware to fix the issue.MinerGate supports Ethminer, the official Ethereum client.