This post is one of the Posts of my Minergate Series where I talk you guys through the Process of Mining via Minergate in various Steps. If you guys haven't checked my Previous two Posts about MinerGate then Click on the Links Below.

MinerGate Series Post 1 and MinerGate Series Post 2

What is Minergate?

Minergate is an Open Mining pool where Peoples add their Computing power/ Hash power to thousands of others. The User Interface of MinerGate is easily Downloadable from there website and is easy to setup Too. It allows you to Mine Cryptocurrencies almost Immediately after you Install the MinerGate Software.

So in my Previous Posts, ​I discussed​ ​ What Minergate is and How you can SignUp and start Mining Cryptocurrencies. Now in this Segment I ma going to Discuss the Cloud Mining Aspect of MinerGate.

Yes Minergate has Cloud Mining

As You can see Minergate offers two types of Cloud Mining Contracts. One is for Bitcoin and the Other is for Monero.

Now I have Contracts for both Bitcoin and Monero Mining but I will suggest you not to Buy the Bitcoin Contracts as there is some Double Dipping going on in that Sector.

1. Bitcoin Mining Contract

The Price of Bitcoin Mining Contract is very low in MinerGate. You pay about 145 USD per TH/s and the Contract is a lifetime One.

Price of Bitcoin at Time of Screenshot was 8715 USD.

Although the Price is very Low here I have been seeing some Double Dipping Going around in my Payments. I have about 1 TH/s Bitcoin Mining Contract here and that is the Reason I am not Upgrading it anymore​. I will be explaining the Double Dipping in my next Post in this Series.

2. Monero Mining Contract

This is what I am excited about. Unlike Monero Mining Contracts in other Companies like Genesis Mining, ​these​ Contracts are Lifetime Contracts.At least​, ​that's what I think as they charge a Daily Maintenance Fees and I couldn't find anywhere if the Contracts are 1 Year or 2 year for that matters.

I have submitted a Ticket about one week ago about the Status of these Contracts but I have yet to get a Reply from MinerGate.

As You can see the Price of 16 H/s of Monero Contract is Just 10 USD. One unique feature that I liked is that you are allowed to pay only in Monero for Monero Mining Contracts. With that being said they offer a wide Range of Time when you order a Contract.

So these are the Two Types of Cloud Mining Contracts that are available on MinerGate right now. I would recommend the Monero Mining Contract over Bitcoin Mining Contract to you Guys.

I hope You guys are enjoying this MinerGate Series.
In the Next Post I will explain the Double Dipping and the Maintenance Fees Structure.
So stay Tuned and I will see you Guys in my Next Post.