by MinerGate Mining Pool December, 20, 2017
When it comes to mining, even the tiniest bit of processing power matters. It may sound like the difference between 10Mh/s and 10.2Mh/s is insignificant, but given enough time, this difference can generate significant income.
So, if you ever used MinerGate GUI miners (or the console versions) there are a few things you may want to implement, in order to maximize your ROI.
The GUI MinerGate Tricks
1) The most important thing when you start mining is to run the Benchmark tool. You can find it in the MinerGate menu, between “Miner” and “Achievements”. Depending on your hardware, the benchmark may take between 3 and 6 minutes. The first step is to do a general hardware benchmark and then the tool will iterate through all the coins you can mine using your configuration and run specific tests for each of them. At the end of it, you will see an average calculated and an explainer.This is a very important step to calibrate your expectations, not only in terms of energy consumption but also in terms of how much revenue you can generate with this activity. The benchmark results are showing how you perform, on average, compared with the general performance of the network.
2) Use Smart Mining
Smart mining is a very nice innovation of MinerGate and it basically switches the coin you’re mining, based on the ROI. In order to do that, MinerGate gets the current prices of all the potential coins you can mine, makes an average, and picks the most profitable coin. The time window is one hour, so you will always mine the coin which was the most profitable during the last hour. You may find this to be extremely useful because it allows you to create an auto-pilot setup. Sort of an AI which decides how to spend your precious hashing power, knowing that you will always get the best results.
3) Set Your GPU Mining Intensity
If your GPUs are Nvidia (which is one of the most popular GPU producers anyway), then you should see a setting in your GUI miner, called “Intensity”. If you don’t see GPU at all, it means it was disabled at startup and you should enable it by clicking “Menu” -> “View” -> “Show GPU Mining”. Setting your intensity will also change the energy consumption of your GPU, so it’s important to have some ways to measure this as well. Unless you’re extremely lucky, you won’t hit the perfect combination from the first time, so it’s very important to experiment with various settings. Please take into account the fact that a higher intensity will also raise the temperature significantly and also increase the risk of damaging your equipment. It takes a consistent amount of trial and error until you find the perfect combination, but in the end, it will all worth it.
The Console MinerGate Trick
When you start your miners in the console, you have two important settings: the number of threads (for CPU mining) and the intensity (for GPU mining, Nvidia only).
CPU mining is not profitable these days, but if you want to try it out (who knows, maybe you have your own solar plant somewhere) then you should experiment with it. Choosing this number to be equal to the total number of cores of your CPUs is considered bad practice and it will also lower your energy consumption. Setting it somewhere around two-thirds of the total numbers (ex: if you have 16 cores, you may set it between 11 and 13) seems to be working reasonably for the majority of setups, but here again, you should do your own tests.
For GPUs, you can set the intensity. You have a range between 1 and 4, 1 being the smallest intensity, 4 being the highest. The recommended setting is 2, but then again, testing on your own configurations should give the best results. Again, be aware that a very high intensity not only could increase your energy consumption but it may permanently damage your equipment.
As you can see, the MinerGate clients are versatile and easy to use. The key part is to always find the perfect balance between the hashing power you squeeze form your hardware and the energy consumption.
Happy mining!
Comments
Intensity for nvidia gpu gtx660 doesn’t work! it always 100%
Dear Dmitri,
Please write a letter to our support team
Hi, I tried withdrawing 100 BCN to my wallet but it’s not working.
Hey Brian,
Please, contact our support team
Thank you
which wallet do you use?
Hi there,
I love everything about minergate, but there is one thing I still can’t work out how to use asic miners with minergate instead of use my cpu.
Any tip it will be amazing.
Kind regards,
Fernando Fas
the step 3 on the gui minergate tricks means that I can get a higher hashrate with a lower intensity on my gpu?
hey im a newbie in mining , is a GeForce GTX 745,memory 4096MB enough to mining any coins ?
Yes I would also like to know what the minimum memory requirements are for GPU mining as my software says that it is unavailable.
Hi Denis,
Yes you can mine with this old card, but it only will bring you pennies and it´s not worth the time and energy you use and spend for it to mine. A short explanation why.
The GTX 745 was once a good card for gaming but eats alot of energy. Now it´s not profitable. An Example? Your hashrate with this card on Monero would be around 90-130 hashes/s ! That´s what an overclocked i5 6600k does. My 2 GTX 1060 6GB and one GTX 1070 8gb GDDR5 RAM does about 3.5kh /s and that´s still only about 2-3$ a day. So you can expect sth. like 20-30cents profit a day with this card by drawing around 350 Watts an hour, that´s a minus business.
You need cards of the newer GTX series. At least a GTX 970 to make any profit from mining.
i have a cpu intel i5-7400 and windows 10 64bit.
when I use minergate gui the cpu is always 100%, why?
Rating: 5
Since no one take the bother to – I will.
Thank you for your reply
I want to build a rig with mining power of about 3MHz for monero can anyone recommend the total number of gpu I would need
Hello, Kelvin.
You can use some third-party calculators, like cryptocompare to count the necessary amount of GPUs.
Can I use USB ASIC miners with the GUI?
Hello, Dahchael.
No, USB ASICs are not supported by MinerGate GUI app yet.
As a seasoned mining enthusiast and expert in the field, I find it crucial to delve into the intricacies of optimizing mining operations, especially when using platforms like MinerGate. The article from MinerGate Mining Pool dated December 20, 2017, provides valuable insights into maximizing Return on Investment (ROI) through a set of tricks and techniques. Let's break down the concepts discussed in the article:
-
Benchmark Tool:
- The article emphasizes the importance of running the Benchmark tool when initiating mining activities. This tool assesses your hardware's performance, running specific tests for each mineable coin based on your configuration.
- The benchmark results provide valuable information on your performance compared to the overall network and help set realistic expectations regarding energy consumption and potential revenue.
-
Smart Mining:
- MinerGate introduces Smart Mining, an innovative feature that dynamically switches the mined coin based on Return on Investment (ROI). This is achieved by considering the current prices of all potential coins, calculating an average, and selecting the most profitable coin within a one-hour time window.
- Smart Mining facilitates an autopilot setup, allowing the platform to optimize hashing power allocation for optimal results.
-
GPU Mining Intensity (GUI):
- For Nvidia GPUs, users are advised to adjust the "Intensity" setting through the GUI miner. This setting influences GPU energy consumption and temperature.
- Users are encouraged to experiment with different intensity settings, keeping in mind the trade-off between increased hash rate and potential risks such as elevated temperature and equipment damage.
-
Console Mining Settings:
- In console mining, two critical settings are highlighted: the number of threads for CPU mining and the intensity for GPU mining (Nvidia only).
- Recommendations for CPU mining involve experimenting with the number of threads, avoiding setting it equal to the total number of cores to optimize energy consumption.
- GPU mining intensity, ranging from 1 to 4, is discussed, with the recommended setting being 2. However, users are encouraged to conduct their own tests to determine the most suitable configuration.
-
User Queries and Support:
- The article includes user comments and queries, addressing concerns related to GPU intensity, withdrawal issues, compatibility with specific GPU models, and questions about ASIC miners.
- Support is recommended for specific issues, emphasizing the need for users to reach out to MinerGate's support team for assistance.
In conclusion, the article provides a comprehensive guide for users of MinerGate, offering tips on optimizing mining performance, balancing hashing power, and managing energy consumption. The content reflects an in-depth understanding of mining nuances, showcasing expertise in the field.
