Using your PC you can mine several cryptocurrencies easily by using a graphics card and the MinerGate program. Here we explain how.
The Ethereum is becoming the successor of bitcoin for several reasons. Perhaps one of them has to do with the mining process, which, unlike bitcoin, can be achieved through the use of one or more GPUs. So if your PC has a modern graphics card, it is very likely that you can mine Ethereum in a matter of minutes, with the help of the MinerGateprogram .
Minergate is a very easy to use software with which you can exploit several cryptocurrencies, even simultaneously. The most useful feature of this program is the smart mining option , through this function Minergate automatically chooses the currency with the highest exchange rate during the last hour. In addition, MinerGate is one of the few applications that allow you to mine different types of cryptocurrencies, given that you can mine Ethereum, Ethereum Classic, Bytecoin, Monero, FantomCoin, Aeon coin, Dashcoin.
All you need is a computer and an Internet connection, MinerGate will do the rest for you, even if you do not have a GPU!
What is MinerGate?
MinerGate is a cryptocurrency mining software with a simple graphical interface and easy to configure. Unlike other mining programs, Minergate does not require additional configuration or complex command lines. By default it incorporates its own pool or multiple pool for several virtual currencies, and although it is an extremely intuitive tool, its intelligent algorithm is always working in the background to take full advantage of the available resources.
The variable difficulty algorithm of MinerGate allows small portions of the Ethereum Blocks to be sent to the miners according to their equipment and hashrate, making the Ethereum mining and other altcoins possible on any computer with a simple click of the mouse.
Some of its advantages are:
– Multiple pool: you can choose which coin to mine, MinerGate allows you to choose up to 10 different coins.
-Ministry Smart: An intelligent algorithm checks the most profitable currency to mine and automatically switches between currencies to provide a greater benefit. Intelligent mining can be activated and deactivated at any time.
-Mining merged: allows you to mine two different cryptocurrencies at once, without reducing the hashrate of your main currency.
-Mining intent: allows you to mine with your CPU or GPU, or even both. You can also choose how many cores you want minergate to use.
-Calculator: calculate your daily, daily or weekly
benefit -Benchmark: Find out how powerful your hardware is compared to other miners
-Possibility of mining in multiple teams with a single account
-It also has an application for smartphones and tablets , which you can download here
Cryptocurrencies that you can mine with Minergate:
Ethereum (ETH), Ethereum Classic (ETC), ZCash (ZEC), Monero (XMR), Bitcoin (BTC), Litecoin (LTC), Bytecoin (BCN), FantomCoin (FCN), QuazarCoin (QCN), DigitalNote (XDN) , MonetaVerde (MCN), Dashcoin (DSH), Aeoncoin (ANN), Infinium – 8 (INF8).
Keep in mind that to mine Ethereum via GPU you will need an NVIDIA / AMD graphics card with at least 3GB of GDDR5 memory . Here you can see the most recommended graphics cards to mine ETH:
How to mine Ethereum with the MinerGate software
Step 1: The first thing you will need is to open a minergate account by clicking on the “register” button, located in the navigation bar. MinerGate has its own built-in portfolio to allow users to start mining even if they do not have a wallet address configured, so to protect your funds, we advise you to use a strong password.
Once registered, the dashboard will appear on screen , from here you can view and configure several options of your personal account.
Step 2: Next, you must download the Minergate software and install it, for it go to the “downloads” section, located in the top navigation bar. The website will detect your operating system and present you with the correct version.
Install and run MinerGate.
Step 3: Once installed, the program will ask you to log in with your minergate account, if you have not yet created them, select the “create account” option located at the top of the window.
Step 4: After opening and starting the session, the intelligent mining process will automatically start (located in the “Smart Miner” tab). MinerGate automatically detects your equipment and chooses the most profitable currency to mine according to the capacity of your hardware, the market price and the difficulty. For example, if your computer has a basic configuration (2 cores, 4GB ram, etc.) it is more than likely that Minergate will select Monero by default. If you want to mine Ethereum, ignore this option and go directly to the Miner tab.
Step 5: In the Miner tab, a list of coins compatible with MinerGate will be displayed. In this case we are going to choose Ethereum (ETH), and then we choose the number of cores (CPU) and GPUs that we are going to use.
MinerGate allows you to choose the number of cores (if you are going to mine using the CPU) and the mining intensity of the GPU, in this case we are going to choose 2 cores and a mining intensity per level 4 GPU.
Note 1: Depending on the configuration of your PC or laptop, the option of mining by GPU may be disabled.
If you choose to use fewer cores than those available in your GPU / CPU, you will have a slower hashrate, but the hardware will be under less stress.
We can also choose to mine several altcoins in parallel, for example Ethereum (ETH) and Ethereum Classic (ETC), for which the only thing we must take into account is to choose the number of CPU / GPU cores that we will assign to each one.
Finally we will click on “start mining” (start mining). MinerGate will now create a DAG file before it can start mining, wait for this process to finish (it can last several minutes), once the DAG file is created, it will automatically start mining.
Note 2: if your graphics card has less than 2GB of memory you will not be able to mine Ethereum via GPU. You will need a graphics card with at least 3 or 4GB of GDDR5 memory to mine without problems.
Considerations
Now some considerations to take into account. Although MinerGate is a simple way to mine Ethereum, it is neither the most optimal nor the most efficient. It is recommended if you do not have any experience mining altcoins, and you will surely get some benefit if you run it on multiple PCs, but if you intend to mine ETH seriously you will need some more advanced mining software. Currently one of the most recommended Ethereum mining programs is Claymore Dual Miner , which is free, optimized for AMD Polaris / Nvidia Pascal graphics cards, and is relatively easy to configure. In a next article we will explain how to mine Ethereum with the most recent version of this program.
Original article and pictures take digitalbodha.com site
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