Minerstat Review

If you’re looking for a platform for managing your mining operations, you might have come across Minerstat. In fact, it’s one of the leading crypto-mining platforms I want to discuss in this Minerstat review. So, what does Minerstat offer? 

Well, Minerstat is a versatile mining management platform that offers various features to optimize mining efficiency. That said, one question remains: “Is Minerstat legit?”, it seems to be a legitimate platform, but let's evaluate that further in this Minerstat review.

Like any crypto-mining platform, though, Minerstat has limitations - especially for beginners. If you've begun mining, do not forget to store your hard-earned cryptocurrencies in hardware wallets like Ledger Nano X and Trezor Safe 5. But if you haven't, well, let's see if mining is truly for you and if Minerstat tips your scale.

Verdict at a glance: Minerstat is a robust and versatile mining management platform for GPU and ASIC miners. Its dedicated operating system and extensive optimization tools make it a solid choice for both professional and hobbyist miners. However, its lack of traditional customer support options may pose challenges for users seeking immediate help.

What is Minerstat?

Before discussing the pros and cons in my Minerstat review, let’s learn more about what it is. As mentioned, Minerstat is a cryptocurrency mining management platform that allows users to monitor and manage their mining operations.

Established in 2017, Minerstat has become a well-known option for miners. It provides features like overclocking, profit-switching, and real-time monitoring through a centralized dashboard. It also supports ASIC (Application-Specific Integrated Circuit) and GPU (Graphics Processing Unit) mining.

By the way, what's the difference between GPU mining and ASIC mining? First, ASICs are specialized machines designed to mine specific cryptocurrencies, such as Bitcoin, and are known for their high efficiency and hash power.^[1] On the other hand, GPUs are more versatile, allowing users to mine a variety of coins and algorithms.

Now, one of the big questions people have is, "Is Minerstat safe?". Minerstat has taken several steps to ensure security. For example, it offers two-factor authentication (2FA), which adds an extra layer of protection for your account. They also use secure communication protocols to safeguard data as it's transferred across networks.

However, note that Minerstat doesn’t handle wallets directly, meaning it doesn’t store your mined coins. Instead, you’re responsible for securing your earnings with your own wallet. Ledger Nano X and Trezor Safe 5 are examples of hardware wallets that offer enhanced security measures to safeguard your mined coins.

Another question that often comes up is, "Is Minerstat legit?", Minerstat is widely regarded as a legitimate company in the mining space. Unlike some other platforms that offer cloud mining or hash rental services, Minerstat doesn’t take part in those activities. Instead, it provides tools to monitor and manage mining rigs you own and operate.

Minerstat Review: PROS

Now that I’ve discussed what the platform is and addressed commonly asked questions, like “Is Minerstat safe?”, let’s dive into a more detailed Minerstat review. Understanding the pros can help you decide if the platform fits your mining needs.

Supports Multi-Algorithms and Cryptocurrencies

Minerstat is a versatile platform that supports multiple mining algorithms and cryptocurrencies. By supporting multiple algorithms, the platform enables users to switch between various cryptocurrencies. To give you a hint: users can setup the coins they'd like to mine, with specific customizations tinkered to the profit probability of the mined token, which I'll explore in-depth in this in this Minerstat review.

Before going further, what’s the correlation between mining algorithms and cryptocurrencies? Simply put, each cryptocurrency is tied to a specific mining algorithm. These algorithms determine the computational problem that miners solve to validate transactions and secure the network.

For instance, Bitcoin (BTC) operates on the SHA-256 algorithm, which is highly optimized for ASIC devices. On the other hand, coins like Ethereum Classic (ETC) use the Etchash algorithm, which can be efficiently mined using both GPUs and ASICs, depending on the hardware configuration.

As Minerstat supports diverse algorithms, users are provided with a wide range of mining opportunities. Some of the most popular algorithms on the platform include Ethash, KAWPOW, and Equihash. Here's a simple explanation of each of them:

• Ethash: widely recognized for Ethereum-based coins, the algorithm is a preferred choice for GPU miners.
• KAWPOW: an efficient algorithm for mining Ravencoin (RVN), offering an alternative to those looking for a GPU-mined cryptocurrency.
• Equihash: notable for its memory-intensive nature, Equihash is most suitable for mining Zcash (ZEC).

On top of the algorithms, what sets Minerstat apart is its support for multiple cryptocurrencies. Coins like Ethereum Classic, Ravencoin, and Zcash are just a few examples of what miners can produce on the platform. Minerstat also integrates multi-algorithm pools such as Mining Pool Hub and Zpool.

So, if you're asking, "Is Minerstat legit?". A look into its multi-algorithm and cryptocurrency support ensures that Minerstat is legit in such departments, making the platform a well-suited choice for both professional and hobbyist miners. That said, "Is Minerstat safe?", I will share my findings in the next part of my Minerstat review.

Offers a Dedicated Mining Operating System

Another notable aspect of Minerstat is its dedicated mining operating system. Minerstat OS (or msOS) is designed to streamline and optimize the mining process for GPU and ASIC miners. But what is Minerstat OS, and how does it work? Minerstat OS is a Linux-based system. It is purpose-built for miners who want more control and customization over their setups.

The msOS supports a wide range of mining hardware, from NVIDIA to AMD GPUs. Many user Minerstat reviews claim that this hardware compatibility offers flexibility, regardless of miners' levels of experience. For msOS to work, you need to install it directly onto a USB drive or an SSD. Once that's done, miners can boot their hardware and start mining without needing to configure complex settings manually.

But there's more to Minerstat OS, especially with its custom overclocking options. Users can adjust their GPU settings to optimize mining performance and energy efficiency based on their specific hardware. In addition, Minerstat's integration of Ethpill, a performance-enhancing tool for mining with NVIDIA GPUs, allows for a more optimized hashrate when mining Ethereum-based coins.

Other notable features include AMD Memory Tweak, which fine-tunes memory settings on AMD cards, and RXBOOST, which helps improve the performance of certain AMD GPUs by adjusting memory timings. Those tools offer miners a way to push their hardware to its highest limits while ensuring stable performance.

And, if you recall what's mentioned in the previous section of this Minerstat review, the platform integrates seamlessly with a wide range of pools.

If you're wondering about mining pools, they're groups of cryptocurrency miners who combine their computational resources to increase their chances of solving complex algorithms and earning rewards.^[2] By pooling their efforts, participants can share the rewards proportionally based on their contribution to the pool’s processing power.

Thanks to the Minerstat OS, miners can flexibly choose the most profitable pool without needing to switch between platforms. So far, the operating system supports Ethermine, 2Miners, and Hiveon, among others.

On the other hand, when it comes to supported mining clients, msOS works with popular options, such as PhoenixMiner, GMiner, TeamRedMiner, and T-Rex. These clients cover a range of algorithms, ensuring compatibility with nearly every cryptocurrency you're interested in.

In short, Minerstat OS is a feature-rich, dedicated operating system that offers miners the tools they need to optimize performance and manage their rigs effectively. With support for various hardware configurations, mining clients, and pools, it can be a good solution for enhancing mining efficiency.

Offers GPU and ASIC Mining Software

There are still other great features worth noting in this Minerstat review, and that is the platform's dedicated software for GPU and ASIC mining. These applications provide miners with versatile tools to manage their operations efficiently. Let’s discuss them further!

For GPU mining, Minerstat offers Windows Node, designed exclusively for Windows-based mining rigs. This software allows users to manage their GPU mining operations efficiently through the Minerstat platform.

Specifically, Windows Node functions as a management hub, letting miners control and monitor their mining activities remotely. Once installed, the software connects the mining rig to the Minerstat dashboard, giving users access to various tools and features.

Windows Node's key features include custom overclocking settings, automatic restarts during crashes, and a real-time mining monitor. Those features are critical for maintaining the stability of GPU rigs. Not to mention, Windows Node supports various mining clients.

As for ASIC miners, Minerstat provides ASIC Hub, a cross-platform mining software that works seamlessly with the most popular ASIC devices. Unlike other mining software, ASIC Hub simplifies the process by offering a centralized solution that connects multiple ASICs to the Minerstat dashboard at once.

ASIC Hub is available for Windows, Mac, Linux, and it even works on Raspberry Pi, making it a flexible option for managing large-scale mining farms. Once set up, the software allows miners to manage multiple ASICs, monitor performance, and access real-time statistics from the Minerstat dashboard.

The specialty of ASIC Hub lies in its ability to remotely reboot devices or update firmware, reducing the need for manual intervention. In addition, ASIC Hub supports a broad array of mining clients, such as BMiner and CGMiner, which are operatable across various mining algorithms. So, if you're a miner who prefers working with different cryptocurrencies, be it Bitcoin or lesser-known altcoins, ASIC Hub might lend you a hand.

As you can see in this Minerstat review, the platform's GPU and ASIC mining software offer comprehensive tools for both types of hardware. If you're worried, "Is Minerstat safe?", you can rest assured that both Windows Node and Asic Hub are coded to be safely compatible with whichever system you're working with. These applications provide the flexibility and control that modern miners need.

Provides Numerous Mining Monitoring and Management Features

Minerstat offers a comprehensive (or dare I say overwhelming) set of mining monitoring and management features. Each of them is designed to provide flexibility and control over your mining rigs. What are they? Here's a quick snapshot:

• Worker's List;
• Worker's Profile;
• Address Editor;
• Worker Config;
• Config Templates;
• Custom Mining Clients.

Curious as to what each of them brings to the table? You're in for a feast. Let's see what those features are for separately.

Worker’s List

Minerstat's core mining management modules include the Worker's List. It essentially acts as the central dashboard for all mining devices, or “workers”, connected to your Minerstat account. Worker's List lets you monitor essential statistics, such as hashrate, temperature, and power consumption, in real-time.

In one view, Worker's List gives you a quick overview of all your devices. Therefore, you can promptly address any issues, such as overheating or reduced performance, as they arise.

Worker’s Profile

Worker’s Profile is another important feature that offers more detailed information on each individual mining rig. Each worker in your mining operation has its own profile, featuring all the specific settings, configurations, and performance data for that device.

Worker's Profile provides miners with a way to manage and fine-tune each worker separately, allowing for customized performance optimization. For example, you can apply different overclocking settings or mining clients to each worker based on its hardware.

Address Editor

Now, let’s talk about Address Editor in this Minerstat review. This tool helps miners manage their mining pool and wallet addresses more efficiently. But how does it work?

Instead of manually entering wallet and pool information for every worker, the Address Editor allows you to store and apply such details easily across your devices. As a result, you don't need to worry about entering incorrect details when switching between different mining tools or wallet addresses.

Worker Config

Worker Config takes customization to the next level by letting miners set up configurations specific to each worker. You can adjust parameters like algorithms, mining clients, and even specific commands.

This feature is particularly useful for those running diverse mining setups, where each worker may be using different hardware or targeting different cryptocurrencies. With Worker Config, miners can ensure that each rig operates optimally based on its unique specifications.

Config Templates

To streamline the mining setup process further, Minerstat offers Config Templates. So, instead of manually configuring each worker, you can create a template that includes your preferred settings, which can then be applied across multiple workers.

These templates are especially useful for miners managing large-scale operations. That’s because they can significantly reduce the time needed for configuration and ensure consistency across your mining farm.

Custom Mining Clients

Finally, for those who want more control over their mining software, Minerstat supports Custom Mining Clients. The feature allows you to add mining clients that Minerstat does not natively support.

By following a few simple steps, you can integrate a new mining client into the platform. Consequentially, you can experiment with different algorithms or optimize performance for mining less common cryptocurrencies.

Phew, that's a lot, but necessary! As I've tested and highlighted in this Minerstat review, the platform's monitoring and management tools make it easy for miners to keep track of performance, customize their setups, and optimize their operations.

Integrates Mining Optimization Tools

If you're still asking, "Is Minerstat legit?", well - wait until you hear about the platform's diverse mining optimization tools. Miners can maximize their performance and profitability with the help of:

• ClockTune;
• Triggers;
• Benchmark;
• Profit Switch;
• Scheduler.

No worries, I've done the duty and am ready to share how they can streamline your mining operations in this Minerstat review. Let's get into it!

ClockTune

The first Minerstat optimization tool I'd like to introduce is ClockTune, which allows miners to fine-tune the overclocking settings of their GPUs. By adjusting the core clock, memory clock, and voltage settings, they can optimize their GPUs for better performance or lower power consumption.

Additionally, ClockTune offers a high level of control, enabling miners to find the perfect balance between efficiency and hashrate. Therefore, ClockTune is particularly useful for miners who want to squeeze extra performance from their hardware without overloading their systems.

Triggers

Another useful tool in Minerstat’s optimization suite is Triggers, which enable miners to automate specific actions based on predefined conditions. For example, miners can set up a trigger to shut down a worker if the temperature exceeds a certain threshold or the hashrate drops below a specified level.

As such, miners can prevent hardware damage and minimize downtime. Triggers also offer a wide range of customizable options, allowing miners to automate many aspects of their mining operations.

Benchmark

Benchmark is a powerful optimization tool worth noting in this Minerstat review. It allows miners to test their hardware across different algorithms and mining clients. As a result, you can determine which configuration delivers the highest performance for a particular cryptocurrency.

By running benchmarks, miners can also make data-driven decisions about which algorithm or client will yield the best results. Benchmarking also helps identify which hardware is the most profitable for different coins, providing a clear path for optimization.

Profit Switch

Minerstat also includes a Profit Switch feature. By using this, you can automatically switch between different algorithms or cryptocurrencies based on real-time profitability. Profit Switch does that by analyzing market conditions and adjusting mining operations to maximize earnings.

Profit Switch is particularly useful for miners who want to optimize their profitability without constantly monitoring market trends. By automating the switching process, Profit Switch ensures that you are constantly mining the most profitable cryptocurrency.

Scheduler

Lastly, Minerstat offers Scheduler, which allows miners to automate tasks based on a specific time or date. For example, miners can schedule restarts, updates, or changes to mining clients.

Scheduler is highly customizable, enabling miners to set recurring tasks or one-time actions. The tool is especially useful for miners managing multiple rigs, as it simplifies routine maintenance and management tasks.

To sum up, Minerstat’s integrated mining optimization tools provide miners with everything they need to optimize performance and automate mining operations. Such tools ensure that miners can fine-tune their setups for the best possible results while also reducing the amount of manual intervention required.

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Minerstat Review: CONS

In this Minerstat review, I’ve discussed the platform's numerous features and how they benefit miners. However, like any crypto-mining platform, Minerstat has drawbacks. So, let’s take a closer look at some of the potential cons to give you a well-rounded perspective.

Might Be Hard for Beginners

One notable drawback I must highlight in this Minerstat review is its steep learning curve. The depth of Minerstat’s tools can be overwhelming. This is especially true for users who aren't yet familiar with mining software, overclocking, or managing a mining farm.

If you look at Minerstat’s comprehensive dashboard, you can see various tools and features, like ClockTune, ASIC Hub, and profit switching. While these options are excellent for seasoned miners, they require a good deal of setup and knowledge to use effectively. Thus, beginners might find themselves spending more time navigating the numerous configurations required to get their rigs up and running smoothly.

So, while Minerstat is highly capable and feature-rich, its steep learning curve can make it less accessible to beginners in the mining management field. The trade-off between advanced functionality and ease of use can pose a challenge for those not yet well-versed in the technical aspects of crypto mining.

Minerstat Pricing

After touching on the pros and cons in this Minerstat review, let’s talk about its pricing. Minerstat offers four subscription plans, catering to different needs based on the duration of use and the number of workers you plan to manage.

These plans vary in costs and commitment lengths, providing flexibility for short-term and long-term mining operations. The available plans include 1-month, 3-month, 6-month, and 1-year options, allowing users to select the plan that best suits their needs.

Here's a breakdown of Minerstat's pricing plans:

Table: Minerstat pricing plans (note that the pricing can change, depending on specific promotional events).

The pricing structure above shows that committing to longer-term plans reduces the cost per worker. For example, while the 1-month plan charges $2 per worker, opting for the 1-year plan brings that cost down to $1.6 per worker after getting a 20% discount. This allows miners to save money by committing to longer durations.

In addition to the standard subscription plans, Minerstat offers a free trial for new users. This trial lets you test the platform with up to 5 workers for 21 days after signing up for a new account. It provides a good opportunity to explore Minerstat's features and determine if it’s the right fit for your mining needs before committing to a paid plan.

What’s more, Minerstat offers bulk and duration discounts. Bulk discounts apply when managing a large number of workers, making the service more cost-effective for those running extensive mining operations.

Additionally, duration discounts are available for users who choose longer plans, as demonstrated by the reduced rates for the 6-month and 1-year subscriptions. Such options help to make the service more affordable for committed miners.

To sum up, Minerstat’s pricing is flexible. It offers both short-term and long-term plans that can scale with your operation. Alternatively, the free trial is an excellent way to get a feel for the platform, and the discounts for bulk users and long-term subscribers can help reduce expenses significantly over time.

How to Use Minerstat?

Now that you know Minerstat pricing, let’s explore how you can start using the platform in my Minerstat review. Setting up Minerstat is a straightforward process, and subscribing to a plan is just as easy.

How to Subscribe to a Minerstat Plan?

Below is a step-by-step guide to help you sign up for a Minerstat account and purchase the plan that suits your needs:

Step 1: Visit the Minerstat website and click the [Sign In] button on the top navigation bar. Alternatively, you can visit the following URL to directly access the login page.

Step 2: On the login page, click the [Register now] button under the [Sign in] button. Next, enter your email address and agree to the terms and privacy. Click the [Register now] to register your new Minerstat account.

Step 3: Once logged in, you’ll see the Minerstat dashboard. From here, navigate to the sidebar and click the [Upgrade] button.

Step 4: On the Upgrade your plan page, specify the number of workers and plan duration.

Step 5: In the [Customer Data] section, fill in your personal information, such as your name, company name, and country.

Step 6: Choose your preferred payment options. Minerstat offers two payment methods: fiat money and cryptocurrency.

Step 7: In the [Select cryptocurrency payment method] pop-up window, select whether to pay from linked wallets like Binance Pay and Bitcoin.com or from any wallet. If you choose the latter, you can use any other wallet, including Ledger Nano X and Trezor Safe 5, in over 50 cryptocurrencies. Click the [Checkout] button to continue.

Step 8: Enter your payment and complete the transaction.

Congratulations! Upon successful payment, your plan will be activated, and you can immediately begin managing your workers using Minerstat. By following these steps in my Minerstat review, you can easily subscribe to a plan and start optimizing your mining operations in no time.

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Conclusions

Wrapping up my Minerstat review, this mining management platform offers a good solution for managing cryptocurrency mining operations. Minerstat provides versatility in supporting both GPU and ASIC mining, and its dedicated mining operating system, msOS, gives miners more control over their setups.

For those concerned about the security of their mined cryptocurrency, it’s worth noting that Minerstat doesn’t handle wallet storage directly. Instead, miners are responsible for securing their earnings through external wallets, such as Ledger Nano X or Trezor Safe 5.

Despite its many strengths, Minerstat has some areas that could be improved. For instance, Minerstat’s steep learning curve can be a drawback for those who are new to the mining management space.

Overall, Minerstat is a robust platform for managing mining operations, offering a wide range of features to optimize performance. While it does have some limitations, particularly with its customer support, the platform’s strengths make it a solid choice for those looking to manage and optimize their mining hardware.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. S. Pastrana, G. Suarez-Tangil: 'A First Look at the Crypto-Mining Malware Ecosystem: A Decade of Unrestricted Wealth';

2. X. Liu, W. Wang, D. Niyato, et al: 'Evolutionary Game for Mining Pool Selection in Blockchain Networks'.