It’s been three years since the minds behind the Minergate platform saw the need to level the mining playing field by providing PC users with the ability to combine their CPU power to mine cryptocurrencies. These cooperative mining pools make it possible for individuals to mine cryptocurrencies profitably in a time when large multimillion dollar data mining centers continue to spring up around the world.  To get a better understanding of the significance of the, let’s take a quick moment to review the current mining landscape.

The Not so Decentralized Cryptomarket

Today, mining is big business and unless you are ready to fork out some serious cash on some new hardware, you may find it difficult to profitably mine crypto in your area. Miners use specially designed mining rigs that are far more efficient at mining than your regular PC. On top of this new technological barrier, huge mining facilities have been popping up around the globe.  These gigantic facilities incorporate up to 15,000 mining rigs in a single location, and many consume as much power as a small city.

All of these developments in the mining arena have made it seem almost impossible for individuals to mine crypto from their home PC or laptop.

Minergate Is Born

It was in March of 2014 when Minergate first unveiled the concept of public mining pools to the world. Mining pools work by combining the processing power of all the computers on the network and then splitting the profits. This allows a person to mine using their home CPU or GPU, thereby eliminating the need to make a large investment in a mining rig setup.

Minergate

What Is Minergate?

Minergate was founded as the first public mining pool for cryptocurrencies utilizing the CrytoNote protocol. Today, this includes a wide variety of coins. You can easily mine a number of the most popular cryptocurrencies in the market including:

The Minergate sign up process is simplistic and doesn’t require any upfront fees. In fact, you only pay fees on the coins that you mine.

Minergate Stats

MG has boosted some impressive statistics since its inception with over 500,000 miners profiting from the use of the platform to date. Minergate also receives around 2,000 new signups a day. The ease-of-use and open nature of the platform make it ideally suited for anyone interested in mining cryptocurrencies on a budget.

Minergate Poolmining

Minergate isn’t alone in the crypto-pool mining space, and there are many options for a potential miner to consider. That being said, Minergate has some unique features that make it stand out amongst the competition in a major way.

Automated Merged Mining – Smart Mining

It shouldn’t be a huge surprise to learn that the guys who first brought the public mining pool concept to the market have now improved upon their design. The Minergate platform features a Smart Mining feature that calculates the current network hash rates and your PC’s power level to determine the most profitable coin to mine.

When initiated, this protocol will automatically select the most profitable coin at that moment and switch to another if the one selected is no longer the best option. This allows a would-be miner to mine multiple coins using nothing more than their home PC. It also provides Minergate users with more flexibility on the platform.

Two-Factor Authorization

Security in the crypto space is paramount and Minergate incorporates Google 2-factor authorization to provide you with an added layer of protection. This security feature requires you to access a time-sensitive code on your mobile device to guarantee that it’s you trying to enter the account.

Pure Coins

All the coins rewarded on the Minergate platform are pure coins in that they all come directly from unlocked block rewards. In this way, Minergate is providing their users with a true mining experience.

Cloud Mining

Minergate owns some of the largest mining facilities in the world and users can choose to rent more Hash power to improve their mining results directly from the platform’s interface. Minergate guarantees 24/7 mining proficiency from their rigs, and considering the sheer size of some of their mining facilities, it’s easy to see how they could accomplish this task.

Minergate – The Gateway to Mining Cryptocurrencies in 2018

Do you want to get into mining?  Minergate is one of the easiest and most cost-efficient ways for you to do so. This platform has proven to be a strong force in the crypto community, and as the mining sector continues to develop, you should expect to see more technological advancements in the field of home PC mining.


This article by David Hamilton was previously published on Coincentral.com

About the Author:

David Hamilton aka DavidtheWriter has published thousands of cryptocurrency related articles. Currently, he resides in the epicenter of the cryptomarket – Puerto Rico. David is a strong advocate for blockchain technologies and financial sovereignty.

With a cyber-attack every 39 seconds, you’ve got a good reason to fret about your hard-earned money and investments. In fact, as hackers continue their onslaught, you may long for the days of the physical leather-bound wallet. Bitcoin is great – unless it’s stolen.

But you aren’t out of luck with security options. Other crypto enthusiasts understood the potential security gap early on and developed hardware wallets.

These days, it’s not about when the tech will arrive – but which one to choose. TREZOR and Ledger are leading brands in this arena. But which hardware wallet is best for you?

Crypto Hardware Wallets

Crypto owners have an immense selection when it comes to choosing a wallet. Not only are there web-based options, but there are also desktop, mobile, hardware, and even paper wallets.

The one type of wallet that concerns us in this post is the hardware wallet. Both TREZOR and Ledger fit into this category.

Trezor

Think of the hardware wallet as a safe. Unlike its software companions, the hardware wallet stores your private keys on a USB drive. In other words, your private key is stored offline. Score one for security!

The only time your money is online is when you have the device plugged in and you are making a transaction. And even then, these devices contain numerous security protocols to help keep your funds safe.

TREZOR vs Ledger

So what about these two wallets anyway? We’re getting there. In order to better evaluate TREZOR vs Ledger, we need to look at a few factors: What coins they support, how easy they are to use, compatibilities, extra features, and what users are saying.

To get a glimpse of everything these brands have to offer, we’ll be looking at their premium products – TREZOR’s Model T and Ledger’s Nano S.

Let’s start with the basics.

Supported Cryptocurrencies on TREZOR and Ledger Nano S

Your first concern should be whether the hardware wallet supports your chosen coins or tokens. This is probably the biggest difference between TREZOR vs Ledger.

Both support the some of the most popular crypto assets–Bitcoin, Ethereum, Litecoin, Dash, and ERC-20 tokens. But TREZOR clearly takes the lead here with support for 689 coins and tokens, compared to Ledger’s 41 (at the time of writing). However, there are a few coins you cannot find on TREZOR: Ripple, Stellar and Monero being the most popular of those missing.

Features

As you can imagine, when it comes to hardware wallets, security is paramount. Each device comes with its own list of coin-safeguarding features.

Let’s take TREZOR’s Model T. This wallet is a full-color touchscreen device. It includes three primary features for recovery: A PIN entry, a passphrase entry, and it offers a device recovery as well. In addition, it provides U2F authentication (2 Factor Authentication), GPG encryption, SSH encryption, a password manager, and support.

The Ledger Nano S has its own set of safety protocols and features. Unlike TREZOR’s Model T, the Nano S isn’t a touchscreen device. Rather, you use buttons to commit to commands. In order to safeguard your crypto, this device ups the game with a secure PIN-protected chip for your private keys, and the use of BOLOs – individual shields around each individual app on your device. According to the site, this makes the Nano S tamper-proof and incredibly secure.

Ledger Hardware Wallet

Both devices are compatible with software wallets, such as MyEtherWallet and MyCrypto–depending on the coin or token. While Ledger lists significantly fewer coins and tokens, and appears to connect to fewer wallets than TREZOR, its Google Chrome companion app provides more features that may be useful.

The Public Speaks

When in doubt, it helps to check what others are saying. However, public sentiment is overall positive for both platforms and both devices.

While the Ledger’s Nano S appears slightly low-tech and only allows for 2-4 coins at a time, it makes up for these issues in ease of use and installation. The TREZOR Model T largely suffers from a higher price point $170 compared to Ledger’s $120 and may be a bit more time-consuming to set up.

If social proof is really what you’re interested in, TREZOR has been featured on major publications, including Forbes, Coindesk and CNN.

TREZOR vs Ledger – Who Takes the Cake?

It would be satisfying to have one single winner here – but that’s not possible. Both platforms are secure, compatible with hundreds of coins and tokens, and provide awesome customer support.

In the end, the question isn’t which hardware wallet is better – it’s what’s best for you. Double check if your coins are compatible with either device – then choose based off price point or desired features. While Ledger’s “tamper-proof” device seems appealing, don’t forget the layers of encryption and protocols wrapped up with the TREZOR models.

If you’d like to do a deeper dive on either wallet, check out our TREZOR review guide and Ledger Nano S review guide.

Not even sure if you want a hardware wallet? Why not check out the best bitcoin wallets of 2018?


This article by Kelsey Ray was previously published on Coincentral.com

About the Author:

Kelsey Ray Banerjee is a professional content writer and digital marketer specializing in blockchain, forex trading, and sustainability. When not writing, you can find her traveling, reading, or on Twitter.

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