I come here today to tell you how was my experience with MinerGate.
First of all, MinerGate is a software and a website which allows you to use your computer to mine for cryptocurrencies. They also have an Android App, so that you can use your phone for the same purpose. They also offer some cloud mining contracts for Bitcoin and Monero.
I bought a Cloud Mining contract for Bitcoin: I invested approximately 0.0024 BTC, have a maintenance cost of approximately US$0.0786/day and, so far, have received US$0.90, in 12 days.
Yes, I am getting US$0.08/day. Given my US$30.00 investment, I would need more than a year to get my investment back. 375 days. The issue: I expected to earn a lot more than that. They have a calculator in the app that shows how much you would make a day/week/hour for your computing power. With the power I bought, I, theoretically, would have to make approximately US$0.27/day. They forgot to warn that another calculator has to be used to compute for cloud mining. Clearly, unacceptable. You can only find this calculator on their desktop website. Also, the contract does not show any kind of expiration date or validity.
Given all that, I would NOT recommend MinerGate for cloud mining. I can only speak for that, as the local mining software seems to work just fine. It is not a Scam, it is simply not rentable or honest.
Hope you guys like the post and dont get into problems such as this!
