Anyone tried Minergate?
-
Soooo with all the Nicehash crap thats going on atm and the almost $100 I lost in payouts (Rip me), Loking for another service until Nicehash sorts their sh!t out. Anyone tried Minergate and have any reviews on it? Also not trying to promote other services here at all. I'm sure lots of people here used Nicehash to supplement their income alongside Burst. So just looking for some feedback
-
@tylerk07 minergate is shit, trust me
-
@rattle99 oh yeah how come??
-
@tylerk07 I mean, it's easy to use no doubt but I didn't quite like it. I have about 70K satoshi locked there and can't withdraw.
-
@rattle99 So what I gather from it is, it doesn't auto exchange for you like Nicehash does, does it keep all your coins until you have a certain amount to withdraw?
-
@tylerk07 Exactly, that's what it does.
-
Mmmm anything else noteable?
-
@tylerk07 There cloud mining contracts are shit too.
I remember I calculated for XMR, the return period came out to be about 4000 hours.
-
Even as a substitute until Nice comes back online, or is there any other service?
-
@rattle99 said in Anyone tried Minergate?:
@tylerk07 I mean, it's easy to use no doubt but I didn't quite like it. I have about 70K satoshi locked there and can't withdraw.
What do you mean "locked". You cannot withdraw anytime you want?
-
@rds Nope, there is a minimum balance withdrawal.
-
That is good, IMO. I didn't like that NiceHash would push .01 BTC and after fees you got much less.
-
Actually I just calculated the feasibility of their monero cloud mining contracts. The return comes to about 300 days.
Do you guys think it's worth it?
-
@rattle99 , so you want to buy mining power from them? Is that what the cloud mining means? I was selling mining power to NiceHash. Does Minergate allow that?
-
@rds Yes.. thats what minergate is
-
In the whole year havent any problems with withdraws, so from my side, there isnt anything against minergate. lovely regards
-
@mrwho If you dont want to store coins in their integrated wallet, is it easy enough to transfer funds to a separate wallet? People say theres a minimum withdrawal too?
-
@tylerk07 , I just set up two machines to mine on Minergate. Super easy. Now will see if the coin come in. NiceHash only paid in BTC, regardless of what coin you were mining. It looks like the Minergate wallet will be filled with whatever coin your machines are mining.
-
I tried minergate for a while, it works but they skim your hashes. I dont use them any more.
-
@tylerk07 Yes there is a minimum transfers for example xmr (monereo) has a minimum of 0.1. For other coins cant say which is the minimum, but never had a issue to transfers it to exchange markets.
