It would be considered illegal if you had to print the US dollar bills, or Pounds or Euros. It’s an offense punishable by the law. But with digital currencies – cryptocurrencies- mining (which is likened to printing paper notes) is legal, and there are a lot of ways to mine these cryptocurrencies.
This article reviews the best platforms which are highly rated by users with no scam records as of today. But before you get started with any of these platforms, ensure you have educated yourself well on the art of mining.
To know which cryptocurrency is profitable to mine, we recommend the website WhatToMine.
There are various ways one can mine cryptocurrencies including; solo mining (mining for yourself), joining a pool of miners, and lastly, you can have people mine for you with their computer resource.
What is MinerGate?
MinerGate was founded on the 24th of March, 2014 and was the first mining pool for cryptocurrencies. It supports PPS and PPLNS payment modes.
At MinerGate, people use their computers to add hashing power (strength of their computers based on hardware configuration) together with other miners globally. The software is openly downloadable, and it instantly allows users to start mining selected cryptocurrencies immediately, helping to eliminate the complexity of mining.
While MinerGate is simple to use, there are a lot of complicated algorithms going on in the background. It boasts a simple to use interface which allows users to set up in just a few clicks and the software is ready to make the full use of your hardware based on how much you want to dedicate.
MinerGate, in turn, shares the rewards based on how much input everyone is committing. This is a way to boost your passive income, by putting your computer to work especially when it’s not in use.
Let’s review some of the best alternatives to MinerGate.
14 Best MinerGate Alternatives
Cudo Miner is a cryptocurrency mining platform that allows users to conduct automated mining. The software turns idle or wasted computing power into crypto without impacting the usability or performance of a user’s machine. The software makes use of a user’s spare computer capacity to generate income for them or their business.
The software is free to install and reduces manual configuration and intervention by up to 95% however, without losing profitability. The software is accessible through a desktop application and a dedicated Web Console for remote management and monitoring the mining activity.
When in use, the software is invisible and fades to the background whenever one is using their machine. However, when the machine is idle, the software comes to life and turns the unused computer power into income.
The software is fully automated and optimized for-profit and the highest performance on Linux, Windows, and CudoOS. Also, it’s suitable for all miners no matter their level of experience.
Getting Started On Cudo Miner
- Visit the official website and click sign up and download. The software supports Windows 7 or later (x64), Ubuntu 18.04, macOS 10.9+, and CudoOS.
- Create an account or if you already have one login by entering your username and password.
- Proceed to enter your Name and Username which will be displayed in the Cudo portal and on the Cudo Miner Application. Click save to continue.
- Verify your email and log in to download the software.
- On the onboarding screen, choose the setting you would like to get started with. You can opt to enable Third Party Miners to download closed source miners. However, the company warns that even though they try their best to ensure they are safe, they are not responsible for any issues that may be caused by them.
- The settings tab allows users to go back and change any setting from the onboarding screen.
- Then click enable, and the software will benchmark. This can take up to five minutes, so sit back and relax.
- Users will find the devices menu useful. It expands for each device to display drivers and hardware installed, benchmark results, current mining status, and GPU health data including temperature and wattage.
- The transactions tab located in the web console allows users to withdraw funds. One can choose their payout coin within the settings menu. The withdrawal process is easy, and all one has to do is click on withdraw funds and enter their wallet address.
- The platform also allows users to earn more by referring friends.
This one is for the newbies, those that are entirely new to the concept of cryptocurrencies. If you fall into this group, mining Bitcoin on your own can be a little daunting. The fact that the majority of the mining utilities available today are command-line based makes things a little bit difficult.
MultiMiner is one of the easiest-to-use Bitcoin mining software. It’s a desktop application that boasts an impressive array of features. It’s available for all popular PC operating systems including Windows, Mac OS X, and Linux.
The software allows users to switch between different mining devices i.e., ASICs and FPGAs on different cryptocurrencies like BTC and LTC without any difficulties. The software uses the underlying mining engine to detect available mining hardware and lets the user choose the crypto coins they would like to mine.
The software also has many advanced features such as the ability to remotely monitor and control other MultiMiner rigs and also automatic detection of network devices.
Being an open-source project, the software is compatible with many mining devices, including HashBuster Micro, Block Erupter, and BFL/Bitforce.
The HoneyMiner is a more profitable approach to mining cryptocurrencies rather than spending a whole lot but by simply using any PC with a reasonable processing CPU or GPU power.
To start mining, users can easily download and gain access to the sophisticated mining software built by Stax Digital, owners of the HoneyMiner platform.
The mining software is now available to Windows and MAC users.
It takes just a moment to set up the cryptocurrency mining process. All that’s needed is a valid email address, and a password is automatically generated for the user to commence mining.
What’s more, the platform eliminates the process of figuring out the most profitable cryptocurrencies to mine at any giving time. The software identifies that for itself and adjusts itself profit by taking part in the blockchain evolution.
Coins mined had been configured to be converted into bitcoin, guaranteeing an increase in user balance day-by-day. This platform will not only profit those who are into mining for the first time, with the HoneyMiner Pro, established miners are also able to use this platform to mine way more profitably.
Need to know how much profit you can make over time mining with the HoneyMiner? Click here.
NiceHash is one of the largest cloud cryptocurrency mining marketplace. It’s where users trade their computing power to miners who want to create cryptocurrencies. They also allow users to mine themselves using any hashing algorithm. NiceHash charges a 3% fee and miners get their payouts in Bitcoin. Click here for more information on how to get started.
NiceHash, towards the end of 2017, confirmed they were hacked. A total of 4,736 bitcoins which was more than $74 million at the time was lost in the attack.
NiceHash was quick to confirm the event and also informed the public about the swift action they took in investigating the incident.
Things have since returned to normal with NiceHash sorting out all their users and have implemented stronger measures to prevent future attacks.
MiningPoolHub is a multi-pool mining platform which has the auto trading system that automatically converts your mined cryptocurrencies into another for payout purposes. Meaning you can mine Litecoin for instance, and get paid in Ethereum. There are a whole lot of cryptocurrencies that can be mined on the MiningPoolHub platform. Visit MiningPoolHub official website to know more and process of getting started. This is one of the oldest and most respectable websites.
This is a place to sell your computer processing power. Kryptex mines cryptocurrencies and pays you in bitcoins or real-world money. They’ve made things pretty simple, all you need do is to put Kryptex to work, and you get paid. What you earn on Kryptex depends on the processing power of your computer hardware. You can visit Kryptex website to get started.
We did a review about the Winminer in this article: Top 3 Best User-Friendly Alternatives To NiceHash, you might want to check that out.
WinMiner makes use of your unused computing power and turns that into cash. It makes your PC work for you 100% of the time instead of being 90% idle. The simple-to-use application just requires that you put on your PC and it’ll do the rest on its own. Like Airbnb is for homeowners, Winminer generates income for computer owners. Click here to know more.
Prohashing is a multipool scrypt platform with good payout. You can use Prohashing to mine multiple scrypt coins based on profitability. They take mining further by merge mining at the same time to increase profits. Scrypt mining is currently a high profitability mining with margins higher than shaa256 and Prohashing seems to be doing good in this regard. You can visit their site to know more.
P2pool is a decentralized Bitcoin mining pool. It works by creating a peer-to-peer network of miners. Users have the opportunity to choose if they want to mine on a private or public node. Fees to be paid depends on a selected node by the miner and transaction fee on this platform is shared. A list of public P2pool nodes can be found here: http://p2pool.co/.
Gridcash offers a cryptocurrency mining service to website owners converting site visitors to miners through their web browser. Site owners will earn an income as long as visitors stay on the page. In three easy steps, you are set to start making some cryptocurrencies. Click here to get started.
MegaMiner is an auto algorithm and pool switching mining software program that’s based on multipool miner with different features. The MegaMiner is a windows miner; it’s not available to other users with other operating systems for now. You can see the requirements for running this program on this thread on Bitcointalk. The miner is downloadable from their GitHub page.
MultiPoolMiner is a monitor for crypto mining pools in real-time to find profitable machines. The MultiPoolMiner gives you the access to control any miner that’s available via command line. The MultiPoolMiner is a multi-cryptocurrency, smart mining pool that helps users mine over 30 cryptocurrencies. Download the MultiPoolMiner from GitHub.
Now that you are aware of all the available options out there, it’s up to you to make a decision. However, ensure you choose one of the miners above and not more as this can overwhelm your machine. Also, ensure that your machine is of a high standard to avoid damage and ensure you earn more.
Finally, consider your withdrawal options when mining. You don’t want to mine, and your coins are of no use. The essence is to mine and convert them into real cash that’s is spendable, unless you want to purchase an item online with your mined coins.