Someone asked me how does Minergate compare. Well here is what I found:
According to their website:
https://minergate.com/feesTheir PPS Fees for CryptoNote coins are 1.5% while their PPLNS is 1%
Accordning to their Cryptonote Calculator:
https://minergate.com/calculator/cryptonoteThe formula to calculate the reward is:
Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 ...(in one hour)
Since we are comparing in terms of payout / 1M hashes in order to remove the time factor, we remove th "*3600" anf get:
Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee)On the same page it currently shows that Monero (XMR) is the most profitable one.
Googling block XMR block rewards we find that current block reward is 5.35 + 0.2595 = 5.6095 XMR and current difficulty is 74,629,987,418
Applying the formula for 1 M hashes:
Reward = ((1,000,000 * 5.6095) / 74,629,987,418) * (1 - 0.15)
Reward = (0.00007516) * (0.85) =
0.00006388 XMR/1M hashes You can see already that with this payout they rank somewhere between WebMinePool and CoinHive.
Converting 0.00006388 XMR to BTC satoshis using current coinmarketcap.com price of 0.02821510 BTC/XMR, the Minergate payout is currently
180 satoshi/M hashes. This puts Minergate as the new #7, pushing CoinHive further down to #8.
Repeating the same for PPLNS with 1.5% fee we get:
Reward = (0.00007516) * (0.9) =
0.00006764 XMR which converts to
190 satoshi/M hashes, still putting it in #7. Sorry Minergate. You've got to do better!
I will update the Top Rankings with this current BTC/XMR price to make the coparison more up to date.