Effectively Mining in Minergate

There is some speculation that the hash rate with Minergate is low. I am here to explain why. The GUI (Graphical User Interface) program that you download does make it easier. It allows you to switch coins and mine with a click of a button. For the record, you have no argument as to why your has rate is low. 

 

Let us focus on that kind of Program for a minute. Graphical User Interface. That means it is a graphic display which uses a portion of your graphics card or cards. Truth be told you cannot get a high rate with that running.

 

There is one thing you can do to ensure that you get the maximum hash rate for your graphics card, and that is to use the claymore mining software. I had tested this out myself and I got the exact same hash rate on minergate that I did on using it to mine monero (XMR) on monero.crypto-pool.fr. There was no difference in the hash rate at all. This is because I was not using a GUI software that reduces the graphics power of my graphics card.

As you can see, the claymore mining software will allow you to get the full potential of your Graphics cards while mining on minergate without the use of the GUI software which reduces the ability of the card or cards to mine.

I hope this helps you increase your revenue.

This Week In Cryptocurrency

This week will mark a historic rise in some areas. There are things in motion that will bring more people to the crypto-currency way of life which will increase values on a lot of coins. To put it in perspective, the secret is NOT HASH POWER in this game.

Let us take a person we all know, Ted Turner. Ted Turner did not make his fortune on One income, Which is the mistake ALL who mine one coin with major hash power is doing. Ted Turner owns or owned at one time, WCW Wrestling, TBS, TNT, The Atlanta Braves, ETC... You see where I am going. Since he owned more than ONE he gained multiple income which is how a fortune is made.

This should be obvious now Why I promote Antminer S-3 Instead of the Antminer S-9. Too many pools kick off the Antminer S-7 through S-9 that is why I will not use them.

You need to have a potcoin wallet, or a good staking wallet for what I am about to put out to you. Antminer-S3 are SUPER for Multi-Algorithym pools because they provide your weekly spending cash that does not interfere with the other miners. Because the other miners are untouched till you need to pay bills.

The best setup is this A Potcoin Wallet, Two Antminer S-3, One- Antminer S-5, One Antminer S-7 with inline power (2TH), and An X11 Miner. The X11 Miner will probably make the majority of the income on it's own depending on your pool you picked. The Antminer S3's should be used to mine pools that pay you in the coin you want to be paid in, The Antminer S-5 and S-7 can be used in a way to gain advantages such as mining solo mining with a pool advantage. Yes there are sites now that allow you to solo mine with the same benefits of pool mining. Usually the Antminer S-7 will mine faster and you can take your earnings at the end of the week and exchange them for potcoin to start staking or getting interest. Remember this can be done with any staking wallet I use potcoin because it stakes regularly.

You are going to want to exchange for other coins, especially those alternative coins that are 0.01 Cents to about 0.20 Cents. This is mainly because after Friday there will be rate increases and you will benefit from.

I hope this helps you. This is going to happen so for those that want to understand how to make good do this.

Crypto Currency Mining 101

          This blog post is to rebuttal a troll. Yes I already know most trolls are stupid and paid for to discredit anyone, or anything that works for the better of humanity, but Tilp66 or whatever im about to tell you drink more fluoride and become more idiotic as I show you the light.


Let us go to the main passage I always state, “ The People have control over their own money.” Now with that control comes what?...... Responsibility. Self Responsibility is the answer. Now we covered the three jobs or functions mining does to earn coins

1. Production of hashpower by solving math
2. . Secureing the network providing stable security for the peer to peer network
3. and finally accounting by maintaining the open source ledger the Blockchain.


We will be dealing with just the one in this article #1 Production of Hash Power.

This currency gives us the chance to get back to our roots. We were a country and a world backed by production. Lately with the Federal Reserve, bankers, elites we have become a consumers nation. We have not really produced anything until now.

Let us take for an example you have gone to a pawn shop and was lucky enough to find an Alien ware desktop computer quad 7 processor with a radion 720 graphics card added. Here in Las Vegas that would not be uncommon because some people are addicted to gambling and pawn things they have no idea what they had. OK, for the sake of this example you get the computer home set it up, install the mining software and choose the pool and coin you are going to mine with your GPU, graphics card. You do this on Saturday morning, and start the miner and go about your business.

The next week comes around and for the entire 7 days you notice that you made a grand total of $20.00 for the week including the work on the faucets for the assist. This does not mean that Bitcoin does not work. This is production boys and girls. You will be paid the right price for the amount of production of Hash Power you are producing into the network.

Now we know it is our responsibility so we need to first figure out how much a week we need to have to live on. I, just like those that are smart in this game live in places where the electricity and all utilities are included. My rent is $336. every two weeks or $670 a month. This means I need at least $400 a week only for basic needs. Food shelter and clothing. I have other income to buy luxuries, and have fun, but we are not covering that now.

So back to the weekly of $20.00. I know another computer will not produce any more hash power, in fact, it may only double it to $40.00 if I am lucky. So I look for an ANTMINER 460-600GH/s far better than 365 KH/s Now we get an antminer S3 they are not that expensive anyone selling them over $40.00 now is a criminal because of all the super new ones out, that make you convert your plugs to 220. This is why I like the S3.


Ok so if you remember when Bitcoin was getting very popular I said it was like a job if you plan on not receiving a paycheck for the first month you will be ok. Think about it this way. You go looking for a job. You apply online, then 1 week later you get called for an interview. You get an offer, but they are now doing the criminal background check. So far two weeks have passed and no pay yet. The back ground check comes back a week later they schedule for a drug test. 48 hours later you pass the drug test and they get you to start. Your first paycheck will be in two weeks. THAT IS FIVE WEEKS WITH NO PAY. It is the same darn thing.

Now back to the mining. You get the first antminer home set up to sell hash power that pays you in bitcoin weekly. Remember this is all High figuring, but it is an easy example to get you to understand and the math is on tens so it becomes easy to add up. The first week with the GPU, the Antminer, and the faucets as the assist nets you $150 for the week. Now you see the difference but that is still not enough calculate what the Antminer did by itself in production and then you can get an idea of how many more you need to run that if you want to take a trip and not do the fauce6s for a few days it will not matter because the Antminers have the ratio.

Let us just say for easy understanding that you have come to a logical, and mathematical decision based on addition that you only need 3 more Antminers to make what you need. Get them set them up configure them and off you go.

The true moral of this is not the mining, it is the fact that you are in control of your own pay, you alone are responsible. Do you get it now? If you are not making what you need IT IS YOUR FAULT FOR NOT UNDERSTANDING MATH.