User:Jane Millis/sandbox

MinerGate is one of the largest multicurrency mining pools. The project was started in 2014 by a group of blockchain enthusiasts, led by Claude Lecomte. At this moment, MinerGate operates with 10 coins and supports 4 major mining algorithms.

Business model
MinerGate is the first pool that allowed users to mine various cryptocurrencies without lowering the hash rate for the major coin.

To start mining on MinerGate user must authenticate his email address and create a secure password. After that he/she can download the right version of the software (for Mac/Windows/Linux). Users can also mine cryptocurrencies directly on the website without downloading extra software. MinerGate is a unique project as it allows mining different coins at the same time without a decrease in the hashrate.

Controversies
In 2017 Minergate was publicly accused of being a scam. Lack of help from support, low processing speed and lots of reports from unsatisfied users led to severe doubts concerning MinerGate. However, no absolute proofs of the project being a scam were provided then.