The cryptocurrencies are developed with open source languages and with a decentralized system, that’s why anyone can download software like Minergate and contribute to the production of the coins themselves, gaining a commission instead.
Is it possible to earn money mining?
But mining cryptocoins is a profitable operation? The software rewards the activity with PPS commissions (pay per share) equal to 1.5%, this means that every 100 coins created (and shared), you have 1.5.
With Minergate you can undermine the following cryptocurrencies:
- Zcash (ZEC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Bitcoin (BTC)
- Litecoin (LTC)
- Bytecoin (BCN)
- Monero (XMR)
- Fantom Coin (FCN)
- Quazar Coin (QCN)
- Digital Note (XDN)
- Moneta Verde
- Dash Coin (DASH)
- Aeon Coin (AEON)
- Infinium 8
All you need is a Windows PC, a MAC, iPad, iPad Pro, or a tablet of any brand: download the program, which is small (12.9 Mb), launch it, and you’re ready to create Bitcoin, Litecoin or one of the other coins on the list.
The activity of undermining cryptocurrencies, we said, is profitable if you use a state-of-the-art computer or tablet and you have a good internet connection. Be aware that the device will still have to stay on all day, and mining will take away a bit of power and speed.
To make a real analysis of the gain, the electricity costs that the device uses remain on all day, but it is also true that if you rely on a laptop, you can also do it by using only the battery.
You can also choose to create cryptocurrencies using cloud mining, or renting computing power from companies that make their powerful servers available.