Currencies

Monero (XMR) is going to have the network update (basically a fork but without making a new coin) that is scheduled for April 6, 2018. Since that point, Monero will use a new PoW algorithm that will make it incompatible with other coins for merged mining. Monero-Classic (XMC) is based on Monero Helium Hydra release and will continue staying on the original chain. Basically speaking, this will be the old Monero you all got used to.

All miners that own XMR before the fork will receive the amount of XMC equal to their confirmed balance.

If you use MinerGate's miners, download the recent miner version and select XMC (after After April 6th). If you don't upgrade your software, after April 6, 2018 you'll be mining XMR but the rewards will be in XMC.

Miners who mine with 3rd party miners should follow the instruction to change configuration settings.

If you've already been mining Monero (XMR), all you have to do is to upgrade MinerGate miner. If you've never mined XMR and want to start after the fork, select XMR in the updated MinerGate miner and you are all set.

Miners who use side software should change the settings and change the XMR port from 45560 to 45700.

The final address should be: stratum+tcp://xmr.pool.minergate.com:45700
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After the fork, both your XMR confirmed and unconfirmed balances will remain the same, while you receive the amount of XMC equal to your confirmed XMR balance. As you have never mined XMC before, your unconfirmed XMC balance will be empty.

MinerGate welcomes all types of mining hardware including the ones with old video cards. Our team will exclusively issue a new GUI miner 8.0 Legacy that will support past generation video cards.

After the fork XMR will be using a slightly different mining algorithm which will make it unavailable for merged mining with CryptoNight-based coins. However, you can merged mine XMC with the same coins you merged mine before with XMR.

Everyone who bought XMR cloud mining contracts will continue to receive XMR rewards.