User:Jane Millis/sandbox

MinerGate
Type of business	Private
Type of site	Marketplace
Area served	Worldwide
Industry	Internet
Services	Cryptocurrency
URL	minergate.com
Launched	2014; 11 years ago
Current status	Online

MinerGate is one of the largest multicurrency mining pools. The project was started in 2014 by a group of blockchain enthusiasts, led by Claude Lecomte^[1]. At this moment, MinerGate operates with 10 coins and supports 4 major mining algorithms.

Business model

MinerGate is the first pool that allowed users to mine various cryptocurrencies without lowering the hash rate for the major coin^[2].

To start mining on MinerGate user must authenticate his email address and create a secure password. After that he/she can download the right version of the software (for Mac/Windows/Linux). Users can also mine cryptocurrencies directly on the website without downloading extra software. MinerGate is a unique project as it allows mining different coins at the same time without a decrease in the hashrate.

Controversies

In 2017 Minergate was publicly accused of being a scam.^[3] Lack of help from support, low processing speed and lots of reports from unsatisfied users led to severe doubts concerning MinerGate. However, no absolute proofs of the project being a scam were provided then.

References

^ Konash, Maria (9 October 2018). "Exclusive Interview with MinerGate CEO, Claude Lecomte: Complete Guide to Mining".
^ Singh, Surajdeep (24 April 2018). "MinerGate Review".
^ "MinerGate IS a scam". {{cite web}}: Cite has empty unknown parameter: |1= (help)

External links

Official website
MinerGate on GitHub

Category:Cryptocurrencies

[1] Konash, Maria (9 October 2018). "Exclusive Interview with MinerGate CEO, Claude Lecomte: Complete Guide to Mining".

[2] Singh, Surajdeep (24 April 2018). "MinerGate Review".

[3] "MinerGate IS a scam". {{cite web}}: Cite has empty unknown parameter: |1= (help)

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