Start Your Bitcoin Mining Contract Stable Mining Outputs Secure Output Technical Assistance BITCOIN CLOUD MINING ALT COINS MINING INSTANT MINING DAILY PAYOUTS MINING STATISTICS MCAP Growth Linked Smart Contract MS1 SHA-256 $ 100 MCAP Growth Linked Smart Contract MS2 SHA-256 $ 1000 MCAP Growth Linked Smart Contract MS3 SHA-256 $ 10000 $ 9800 Easy Start Easy Profits Lowest Prices 24x7 Support Easy Start Mining Profits Affordable Mining Plans 24x7 Support 24x7 Support Timely Returns 99.9% Server Uptime Gainbitcoin is a leading technology company that is facilitating pool mining for everyone.It's good to see gainbitcoin’s honest approach showing cloud-mining services and their farms openly to the public.I trust the company fully and wish them great growth and success. to thousands of our existing customers who are really happy and satisfied with their excellent services and great value products.

Using gainbitcoins mining services for over 3 months now, they have proven to be a reliable and trustworthy business partner.Their transparent daily mining & referral payouts and high quality software infrastructure has resulted in a great and unique product which is surely a very profitable experience for everybody interested in bitcoin mining.Gainbitcoin is a trusted partner in cloud mining industry business, known all across the industry for its high integrity, excellent customer oriented service and very safe n simple user friendly interface.I am a technology enthusiast doing online business for last more than a decade.Bitcoin is surely a wonderful contract and bitcoin mining is definitely profitable forseeing predictions of $10,000 by experts.There are many good Bitcoin mining pools to choose from.It is logical to pick the most popular one.I Chose Gainbitcoin after evaluating all aspects, really happy with Gainbitcoin’s simple user interface, timely payouts and excellent customer service.

The Bitcoin adventure is only getting started.Join to reap healthy benefits.Guide for Bitcoin & Litecoin mining by Janika Kouki If you are looking to mine Bitcoins or Litecoins with Minergate pool, here are some useful instructions from the member of our team Janika.My name is Janika and I am very fresh in the world of cryptocurrency.I have never tried to mine one of the “major” cryptocurrencies and today I want to prove you that it is not that difficult even for a novice.Just put your mind to it, I will do my best to help you.First of all, you need to know that your mining performance will depend on your hardware.Litecoin and especially Bitcoin require powerful resources to be mined profitably.There are several possibilities to choose from.First of all, you can use the hashing power of your CPU (central processing unit) or GPU (graphic processing unit), by which I obviously mean graphics card.It is safe to say that you will get better results using the latter, but of course you are free to experiment.

The third option appeared in 2013 when hardware developers from China released first ASICs (application-specific integrated circuits) to mine Bitcoin even faster.Simply put, an ASIC is a microchip that makes the required calculations extremely quickly.The first cryptocurrency became quite famous in 2011 when Bitcoin reached the price of about $1000.More and more miners joined the network, the difficulty rose and you could run your hardware for weeks without being able to find a single block mining solo.bitcoin backup usbIt was a waste of power and money, so miners started to gather into mining pools.bitcoin erklaerungMinerGate is one of those mining pools.bitcoin founder syriaThe miners form a network to combine their computing  powers and have a better chance to find a block.bitcoin 100 day moving average

The reward is then spread evenly between the participants of the pool depending on the hashes sent.The more powerful hardware you have, the more hashes you will send.The competition is very high, so I strongly advise you to do some research before you start mining any of the coins.There are lots of forums where miners share the results they get, you can also create a topic on our forum and discuss the possible outcome for your hardware.make bitcoin donate buttonThe producers of ASICs usually mention the potential hashrate on the package.bitcoin lewebI can also advise you to visit the pages with hardware comparison: Miners often ask me how to set up Bitcoin or Litecoin mining on our pool.bitcoin divorceWell, here is the answer.bitcoin divorce

Bitcoin mining is available on MinerGate in a form of cloud mining contract.It means that you are leasing the power to mine Bitcoin and don’t set up anything yourself.We’ve covered more on the subject in one of the blog posts.You can create a contract on this page.Download a miner that supports Litecoin mining.There are lots of programs available with console or graphic interface.Your final choice depends only on your personal preferences.ethereum name regConnect to MinerGate pool using this address: 3.The settings may vary depending on the miner, there is no universal recipe here.Usually you can find the information on the website/forum thread where you download the application.Your pool login is the email for your MinerGate account.Instead of password, just enter x.In theory it all seems relatively simple and clear.To prove that anyone can do it, I tried it myself in practice.l am writing this article on a simple laptop, which also became my testing mining rig.

Maybe it’s not the perfect machine for mining purposes, although please remember that I do this purely for research.CPU is the only way to mine for me, so I needed to find an application for CPU mining.It wasn’t that hard: there are multiple solutions available.Of course, GUI miners are easier to use but I refused to cut the corners or look for an easy way, so I downloaded pooler’s CPU miner, which works in console mode.Chrome recognized it as a malicious software, so I went to the advanced settings and disabled protection provided.If you need to do it as well, don’t forget to reenable it after the download, as there are lots of phishing sites, better safe than sorry.At first, it was quite difficult for me to get used to command line interface, although I wanted to prove that any newbie can succeed with the right attitude.I did my research and managed to figure out the settings.The miner I used provides help if you enter –-help, there you can find all the commands available.

In my case, the settings looked like this: I pressed Enter and it worked!In a couple of minutes I got the first “yay!”, which means that I found a good share.It was one small step for Litecoin mining history and one giant leap for me.Q.E.D., I’ve proven it – a complete newbie like me with a regular laptop like mine can actually set up mining of one of the major cryptocurrencies.When the sense of wonder gave place to reason and I got a couple of “booos” (bad shares), I cooled down a bit and decided to calculate my potential income in the MinerGate’s Mining Profitability Calculator.The hashrate my laptop was able to reach for Litecoin was about 14-16 kH/s, which seemed really surprising at first as I could get only about 20-22 H/s for Bytecoin, for example.I entered my best hashrate (16 kH/s) and held my breath… What?Only $0.00047 a day?Okay, still must be more than what I would make of 22 H/s on one of the CryptoNote coins.As you can see, I would have made about 20 times more mining the most profitable CryptoNote currency for that moment even if I had seemingly about 700 times less hashrate than mining Litecoin.

What is the trick here?Different algorithms reach very different hashrates on the same hardware.Bitcoin is based on SHA-256, Litecoin is based on Scrypt and most of the coins from our pool are based on CryptoNote (technically, it’s CryptoNight and CryptoNote is the technology it is based upon).CryptoNote is a solid choice for CPU mining, GPU performance may vary.You can try for yourself and share your results with us.The developers deem the algorithm to be a base for egalitarian cryptocurrencies that anybody can mine, that’s why it is also ASIC-resistant.Read more about the technology on the official CryptoNote website.Hopefully, I was able to give you a rather comprehensive introduction to Bitcoin and Litecoin mining on MinerGate pool.It is not that intricate, although still takes some time and energy to get used to.All you need to do is to dedicate some time to research and I’m sure you will find a perfect match for you and your hardware on our pool.Download our miner to start your journey.