How to mine Ethereum with Minergate GUI!

Tuesday, 25 Oct 2016 19:18

MinerGate is your gateway to mining CryptoCurrencies easily, quickly and with no hassle - you don't need to be an expert programmer - MinerGate will guide you through the process. Mining is an important part of any cryptocurrency’s ecosystem, it allows the maintenance of the network and it’s also a good way to use your computer to make money, but not everyone gets along with a command line terminal and not everyone can afford a powerful graphics card, so today we’re going to show you how to mine Ethereum and other Cryptocurrencies – the easy way!

No “Matrix” terminals, no complicated commands and parameters to set! All you need is a computer and an internet connection, MinerGate will do the rest for you, even if you don’t have a GPU!

MinerGate is a GUI miner (GUI just means it looks pretty) with its own incorporated multipool, and even though it’s an extremely intuitive tool, MinerGate’s cutting edge smart algorithm is always working in the background to make sure you’re getting the most out of your hardware.

MinerGate’s Variable Difficulty algorithm, allows small portions of the Ethereum Blocks to be sent to miners according to their equipment and effective hashrate, making Ethereum mining possible in any computer with a simple click of a mouse!

Part 1 - How to mine Ethereum with the MinerGate Software

Step 1:The first thing you’ll need is an account on www.minergate.com. MinerGate has its own built-in wallet in order to allow users to start mining even if they don’t have a wallet address set up, so in order to protect your funds, we advise using a strong password and activating 2FA (2 factor authentication), 2FA will make sure no one can acess your funds even if they know your password. Remember, the safest place to store your funds is in your own wallet.

Step 2: Next you need to download the Mingergate software and install it, the website will detect your operating system and present you with the correct version. Install and run MinerGate.

Step 3: After you open and install the setup, you’ll be presented with the option to start smart mining. MinerGate automatically detects your equipment and chooses the most profitable cryptocurrency to mine according to your hardware, market price and difficulty. If you want to mine Ethereum, ignore this option and move straight to Miner.

Step 4: Click “Start Mining” and choose the number of cores you want to use. If you choose to use fewer cores you use on your GPU/CPU, you’ll have a slower hashrate, but your hardware will be under less stress. MinerGate will now create a DAG file before it can start mining, wait for it to complete this process, once the DAG file is created, you will automatically start mining!

And that’s it! You are officially mining Ethereum! Remember when that used to take a long time to accomplish? Yeah, neither do we!

Part 2 - How to mine Ethereum on the MinerGate pool with ethminer & Genoil miner

In case there are any old-school miners out there that prefer the traditional methods, you can also join the MinerGate pool through a command line miner like ethminer. All you have to do is follow this guide: How to mine Ethereum and use this command:

For CPU mining:
ethminer -C -F http://eth.pool.minergate.com:55751/YOUR_EMAIL --disable-submit-hashrate
For GPU mining:
ethminer -G -F http://eth.pool.minergate.com:55751/YOUR_EMAIL --disable-submit-hashrate

For the popular ethminer fork, Genoil Miner you can use this commands:

OpenCL:
ethminer -G -F http://eth.pool.minergate.com:45791/YOUR_EMAIL
CUDA:
ethminer -U -F http://eth.pool.minergate.com:45791/YOUR_EMAIL

Part 3 - MinerGate's special features

And that is not all, “digging” a bit deeper (no pun intended) into the MinerGate software we’ve found so many unique features we just had to share them with our fellow cryptonians:

  • Multi Pool 
    You can choose which coin to mine, out of the 10 cryptocurrencies minerGate provides.
  • Smart Mining 
    A smart algorithm checks the most profitable currency to mine, and automatically switches between currencies to provide maximized profit. Smart mining can be turned on/off at any time.
  • Merged Mining 
    Mining two different cryptocurrencies at once, without reducing the hashate of your main currency.
  • Hardware intensity 
    MinerGate allows you to mine with either your CPU or GPU or even both, you can also choose how many cores you want your CPU/GPU to use. This allows you to regulate the heat and electricity produced by your hardware, allowing it to have a greater life-span.
  • Administrator Mining software 
    Want to mine somewhere other than your own computer? MinerGate provides an Admin version of the software that allows mining to a specific minerGate account without allowing access to the miner’s incorporated wallet.
  • Webmining 
    You don’t even have to download software to mine! You can use your bandwidth to mine cryptocurrencies in the MinerGate website
  • Calculator 
    Calculate your hourly, daily or weekly profit with minerGate’s calculator
  • Benchmark 
    Find out how good your hardware is compared to other miners
  • Reward Badge System 
    MinerGate has a fun and interactive reward system that will award you badges according to the new feats performed, as a miner. Win all the badges to receive a prize.
  • Affiliate Program 
    Yes, you can earn even more with minergate by inviting your friends, family and even your arch-enemy, Mingergate will you reward you for each and every referral alike, according to your referral’s profits!

So what are you waiting for? Join the Ethereum Network, you can use your multi-GPU rig or an old laptop, like the one we used in this guide, and if Ethereum isn’t your avenue there are 9 more coins to explore in the MinerGate pool! 

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