What’s the best way to mine cryptocurrency? MinerGate or NiceHash? MinerGate vs NiceHash are two popular cloud mining software with vested interest from investors that allows you to mine and earn Bitcoin, Ethereum, Zcash, Monero, and other altcoins. MinerGate is an online miner with extensive features for both beginner users and expert miners to make real world money. NiceHash is a service that simplifies the creation of cryptocurrency wallets so they can be rented out for mining. If you want to use MinerGate or NiceHash in your business, it’s important to understand the difference between them!
Making money with cryptocurrency mining is becoming more and more popular, but the luck factor also comes into play. MinerGate vs NiceHash are two of the most used cloud mining software programs in the world, but how do they compare? Choosing the right cloud mining software is an important decision for any miner.
In this blog post, we will discuss the differences between these two platforms in order to help you make an informed decision when choosing your cloud mining software!
MinerGate is an online cloud mining pool that allows users to mine Bitcoin, Ethereum, Zcash, Monero, and other new coins while allowing you to control the activities. MinerGate is one of the most popular cloud mining software programs in the world and has a wide variety of features for both beginner miners and experts. MinerGate makes it easy for anyone to start mining cryptocurrency with its user-friendly interface and extensive tutorials.
In addition to offering crypto gains, MinerGate also offers a built-in wallet service that allows you to store more coins mined in a safe and secure location. MinerGate also provides a 24/hr customer support service in case you have any questions or problems with the platform.
It was launched in March 2014 and is the world’s first mining pool for CryptoNote-based digital currencies. MinerGate is part of the MinerGate Group, which also operates MinerGate.com, a leading cryptocurrency trading platform with more than one million users worldwide.
Miner Gate software include: GPU pool miner & CPU pool miner for web browser, Windows and command line miners for Linux – Miner supports mining in Monero (XMR), Electroneum (ETN), Bytecoin (BCN), DigitalNote(XDN), Intense(ITNS), DashCoin(DSH), Fantomcoin (FCN).
GPU Pool Miner: Minergate provides both free and paid versions of their cloud mining service that allows you to mine Bitcoin, Ethereum, Zcash, Monero on your own computer or phone. The advantage of using MinerGate is that it’s simple and easy to use. MinerGate software has a user-friendly interface with many tutorials for beginners to learn about cryptocurrency mining!
NiceHash is a cryptocurrency cloud mining service that allows you to buy and sell mining power over the cloud. NiceHash gives customers the option of trading their hash rate on MinerGate’s mining pool with other users in exchange for instant Bitcoin payouts or simply keeping all rewards earned from mining Bitcoin with a direct method.
One of the main differences between MinerGate vs Nicehash is that MinerGate allows any user to mine cryptocurrencies using both GPU and CPU simultaneously while NiceHash only uses GPUs (graphics cards) to mine coins – making it more difficult for beginners who don’t have powerful GPUs. Hence, you need proper mining hardware, to begin with MinerGate. Another difference between MinerGate software and NiceHash software is that MinerGate takes a small fee from each mined cryptocurrencies by its community members, but NiceHash charges its users based on the number of seconds of mining power rented out from them.
MinerGate and NiceHash are both cloud mining platforms that allow you to mine cryptocurrencies from the comfort of your home. MinerGate is a pool for GPU miners, while NiceHash is only suitable for those with powerful GPUs capable of mining the crypto algorithms they support. Miner Gate software offers a user-friendly interface, whereas Nice Hash requires some technical knowledge to use their platform effectively – which makes Miner Gate more beginner-friendly!
MinerGate charges a small fee on each block mined by MinerGate members, but NiceHash takes their cut based on the number of seconds you rent out your hash rate. MinerGate’s suggested software is available for Windows and Linux, whereas Nicehash only has support for Windows – making MinerGate more compatible with different mining devices! MinerGate software is available for free, or you can upgrade to MinerGate Pro ($14.99 per month), which gives the person access to additional features like priority customer support and automatic payments in Bitcoin (in addition to Monero). MinerGate also offers a cloud mining contract starting at $29 (costs vary depending on the market price of the coin your contract mines), but Nicehash does not offer any cloud mining contract. With that being said:
- MinerGate charges as little as 0.01 of any crypto coin you mine on its platform as a withdrawal fee. There are two distinct payment methods – Pay Per Last N Shares (PPLNS) and Pay Per Share (PPS). PPLNS charges 1% on all coins, whereas PPS charges 1.5% on all coins.
- When it comes to NiceHash fees, withdrawals from 0.001 BTC (minimum amount) to 0.1 BTC to any Bitcoin wallet have a fee of 0.0001 BTC. In case the withdraw funds are larger than 0.1 BTC, then NiceHash will charge 0.1% of the withdrawn amount.
MinerGate software supports the mining of Bitcoin, Ethereum, Zcash, and Monero, among others. MinerGate also has the option for users to mine using both GPU (graphics card) and CPU(processor), but NiceHash is optimized only for GPUs. MinerGate software can be downloaded by anyone interested in cryptocurrency mining at no cost!
NiceHash, on the other hand, lists 37 different mining algorithm options and over 70 available crypto coins. Hence, it has a considerably high number of available cryptocurrencies to mine. Please note that the minimum order price for every algorithm is 0.005 BTC at NiceHash.
Here is a detailed list of NiceHash vs MinerGate supported cryptos
- Bitcoin (BTC)
- Aeon (AEON).
- Bitcoin Gold (BTG)
- FantomCoin (FCN)
- Ethereum (ETH)
- Monero-Classic (XMC)
- Ethereum Classic (ETC)
- Monero (XMR)
- Litecoin (LTC)
- Bytecoin (BCN)
- Zcash (ZEC)
- Scrypt – Litecoin, Dogecoin, FedoraCoin
- SHA256 – Bitcoin, BitShares, EmerCoin, Digibyte
- ScryptNf – LeoCoin
- X11 – Dash, FuelCoin, StarCoin, VCash
- X13 – HelleninCoin, AmberCoin
- Keccak – Maxcoin
- X15 – HTMLCoin, MaryJane
- Nist5 – TalkCoin
- NeoScrypt – Feathercoin, Orbitcoin, Phoenixcoin
- Lyra2RE – Vertcoin, Crypto
- WhirlpoolX – VanillaCoin
- Qubit – DGB-Qubit
- Quark – Quark, Monetary Unit, AmsterdamCoin
- Axiom – Axiom
- Lyra2REc2 – Vertcoin, Monacoin, Hanacoin
- ScryptJaneNf16 – LeoCoin
- Blake256r8 – BlakeCoin, Decred, Dirac
- Blake256r14 – Decred
- Blake256r8vnl – Vanillacoin
- Hodl – Hodlcoin
- DaggerHashimoto – Ethereum, Ethereum Classic
- Decred – Decred
- CryptoNight – Ksrbo, Bytecoin, DigitalNote
- Lbry – Lbry
- Equihash – Zencash, BitcoinGold, Zcash, Hush, Zclassic, Komodo
- Pascal – PascalLite
- X11Gost – SIBCoin
- Sia – Siacoin
- Blake2s – NevaCoin, Tajcoin, Verge
- Skunk – HDAC
- CryptoNightV7 – Electroneum
- CryptoNightHeavy – Sumokoin, Loki, RyoCurrency
- Lyra2Z – GinCoin, Alpenschilling
- X16R – Ravencoin, Motion
- CryptoNightV8 – Monero
- SHA256AsicBoost – Bitcoin
- Zhash – Bitcoin Gold, BitcoinZ, ANON
The best thing about these two cloud mining platforms is Automated Algorithm Switching. MinerGate software allows users to decide which algorithms they want their computers to mine. MinerGate uses the CPU and hashing power of your computer together or separately, depending on what you choose, but NiceHash will automatically switch between mining different cryptocurrencies based on market price – making it more profitable for its users. That is, users can switch between algorithms without having to restart their software, without having to rely on the hash power.
Moreover, MinerGate has the option for users to have their payments automatically deposited into their wallets upon reaching certain thresholds. NiceHash does not have this feature, but MinerGate Pro users ($14.99/month) have the added benefit of automatic payments in Bitcoin as well as Monero.
Both MinerGate and NiceHash have been in the cloud mining business for a few years now and are considered to be reliable companies. However, MinerGate has been operational since 2014 and has not had any major issues with uptime or fund security – whereas NiceHash was hacked in early 2018, resulting in the theft of $60 million worth of Bitcoin. Because of this, MinerGate is considered to be a more trustworthy company than NiceHash.
For these reasons, it’s important that you carefully consider all differences between MinerGate vs NiceHash before deciding which platform will be best suited for your needs! Moreover, MinerGate has recently partnered with Miner One, whereas NiceHash is currently not accepting new users. Miner Gate software offers a user-friendly interface and support for multiple cryptocurrencies while also being free to use! Miner Gate allows any individual the opportunity to mine on both GPU (graphics card) and CPU simultaneously at no cost, making it more beginner-friendly than some other cloud mining services available today.
Minergate has over 2,000 signups every day on average. According to reports, around 500,000 miners have benefitted from using the site. There are over 3,700,000 MinerGate users worldwide. When it comes to NiceHash, it had over 101,000 miner users, 4,168,000 orders, 303,000 active daily workers, and 195,000 BTC in payouts as of 2019.
MinerGate and NiceHash both offer cloud mining contracts that can be purchased to mine Bitcoin, Ethereum, ZCash, etc. However, when it comes to choosing between MinerGate vs NiceHash, there are some key differences that should be taken into account before making a decision. These factors are universal when you ate looking to find software for crypto miners.
- Availability of cryptocurrencies: MinerGate software supports the mining of Bitcoin, Ethereum, Monero, and ZCash. NiceHash is optimized for more than 70 different crypto coins and, therefore, will mine automatically whichever coin (based on market price) has been most profitable in recent days. MinerGate also offers cloud mining contracts starting at $29 that last one year (costs vary depending on the market price of the coin your contract mines), but Nicehash does not offer any cloud mining contracts.
- Uptime: MinerGate software has never had an outage or faced downtime, unlike NiceHash, which was hacked, resulting in a loss of around 60 million dollars worth of bitcoins. MinerGate can be downloaded by anyone interested in cryptocurrency mining at no cost! This makes it more beginner-friendly than some other cloud mining services available today.
- Fund Security: MinerGate has never had any security issues with its funds, but NiceHash was hacked in early 2018, resulting in the theft of $60 million worth of Bitcoin. MinerGate is therefore considered to be a more trustworthy company than NiceHash.
- User-friendliness: MinerGate software offers a user-friendly interface and support for multiple cryptocurrencies while also being affordable to use!
So, that’s it! This is what you need to know about the NiceHash vs MinerGate difference to increase your income. While there isn’t a lot of difference between the two cloud mining pools, MinerGate definitely has the edge when it comes to user-friendliness and the availability of cryptocurrencies. Moreover, it offers training documentation webinars for beginners as well to help crypto enthusiasts get the right understanding of the mining platform, such as investment advice and a certified financial planner, among other things. MinerGate is also a more reliable company than NiceHash, having never faced any downtime or security issues. If you’re looking for a cloud mining software that is easy to use and supports multiple cryptocurrencies, MinerGate would be the ideal choice! Nevertheless, you can try NiceHash as well if you’re looking to mine a specific coin. If you want to try other miners like MinerGate and NiceHash, Cudo Miner is worth looking into.