Year in Review: MinerGate and Monero XMR pool

minergate (41)in #news • 7 years ago

MinerGate multicurrency mining pool is proud to inform its users about the latest updates, news and facts about Monero XMR pool. With the remarkable number of workers and the total hashrate that goes far beyond 47 MH/s, this pool is the most popular among MinerGate’s miners.The team has been gathering users’ feedback during all the year, constantly walking extra miles to improve the pool and meet the most demanding expectations. Year 2017 has been marked with several grand upgrades, including enhanced security and stability of the entire mining platform. As a result, MinerGate has made several changes in the withdrawal process and increased the number of operating servers by 3 times. Sounds good? MinerGate has also some extras for you:

Monero withdraw operations have become 4 times cheaper.
The mining pool is able to process 3 times more withdrawal operations per unit of time than it was processing at the beginning of 2017.
Mining pool supported 2 Monero Hard Forks. Consequently, MinerGate changed the mixIN configuration.
MinerGate started supporting integrated wallet addresses.
Hashrate on Monero’s pool grew up by 3 times.
The brand new VIP program was implemented in the end of 2017. This specific option is available for users with 50 kH/s hashrate or more.
VIP program has an option of automatic withdrawal of 1 XMR to your wallet as soon as you earn it.

Cloud mining

Such an incredible growth and popularity of entire platform stimulated MinerGate to open new features and work closely with cloud mining. Starting from autumn 2017, you have the possibility to buy hashing power (Hashrate) directly on MinerGate and do not worry about further actions. Cloud mining is a great alternative for crypto enthusiasts who are not technically minded in mining at all. This option has a number of serious advantages: you don’t have to spend time researching an equipment and setting up the rig, as well as spending money on electricity bills.

Privilege options

MinerGate offers the special conditions for users who produce more than 50 kH/s while mining Monero. You are granted a membership in the VIP mining club, which provides special conditions for its members. These include several enhancements in the security policy, an increased difficulty pool, a personal account manager, and many more.At the very beginning of the work, you and MinerGate’s personal account specialist will create a whitelist of IP addresses and wallets that can interact with the account in the future.

All the updates mentioned in this article have helped community and MinerGate to achieve certain goals. In 2017, the number of workers increased by 4 times, this undoubtedly entailed an increase in the total hashrate. Plus, Monero’s drastic price rise by 35 times since the beginning of last year made the process of mining on MinerGate’s XMR pool very profitable.