Nowadays everyone is talking about cryptocurrency and many people are buying or trading in cryptocurrency. But today we will talk about how to generate or earn crypto coins using mining. Most people are familiar with the mining term but if you don't know about mining don't worry I will explain it to you in brief. For more crypto-related things, you can visit our crypto development services.
Mining is the process of creating or earning a new coin by solving complex mathematical cryptographic equations to get coins as a reward. The cryptographic equations require a lot of computing power to solve. And to earn a good amount of money you need a lot of good amounts of Graphic cards.
Write Now Ethereum is the largest cryptocurrency in terms of market capitalization and the most profitable cryptocurrency in terms of performance, can only be promoted by joining an Ethereum mining pool such as Mining ETH. and most people are nowadays are interested in mining Ethereum because right now it's profitable. and today In this blog I will give you a complete guide on how to mine cryptocurrency using MinerGate.
What Is MinerGate
Minergate is a cryptocurrency mining pool where people can use their computers to give hashing power to hundreds or thousands of other miners. It allows you to mine cryptocurrencies such as Ethereum, Monero, and more on your PC or laptop. Although easy to use. Minergate is based on the Cryptonote protocol and allows its customers to mine various coins such as Bitcoin, Gold, Zcash, Ethereum, Ethereum Classic, Monero, and Grin. It also allows users to build without investing in hardware by using their home CPU and GPU and In this tutorial, we will see how to start mining on your CPU using MinerGate.
How to Mine Cryptocurrency Using MinerGate
Step 1) First Download MinerGate on your system, Minergate comes in two versions one is GUI and Another one is the console version and which supports Windows, Ubuntu, and Mac systems. Write now I am using Ubuntu. So I will show you all the steps in the Ubuntu operating system.
Download Link: https://minergate.com/downloads
Step 2) After downloading, Now Install the MinerGate Package In our Ubuntu System.
Step 3) Now open the GUI MinerGate application and create your new account and log in with them.
Step 4) After Login Into The MinerGate.Select The cryptocurrency that you want to mine. I am going to select the Monero cryptocurrency
Step 5) That's it. Your mining is starting. You can check your wallet or minergate dashboard for full details and logs and you can easily withdraw your earned money.
NOTE: Mining speed totally depends on your GPU. If you have a high-end GPU like NVIDIA 3070 ti or 1660 super graphic card or any other good graphic card then you can earn a good amount of money from mining.
