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$0.05203 9.06%
EMC · 228w

Money makes money

Money makes money

Instructions: How to earn Emercoin by taking advantage of the PoS algorithm

The Emercoin cryptocurrency is based on a hybrid mining method — Proof-of-Work (PoW) + Proof-of-Stake (PoS), which allows users to earn EMC cryptocurrency in different ways.

In PoS protocol, the selection of the computer which will add a new block to the blockchain of the system is random, but chances are higher if one has more coins on their account. This means that earning through the PoS is encouragement for the users to keep their EMC coins in the wallet service, because in this way they support the work of the whole system. Sometimes, floating around the Internet you can find such terms as: mint, minting, stake. This is all about making money by money.

So, the earning plan on Proof-of-Stake through the cryptowallet software, installed on the PC and using Emercoin interface is the following:

To gather Emercoins in your cryptowallet. The minimal number of coins to begin earning is 150 EMC. Over the current difficulty (detailed below), this amount helps to produce additional coins, but a lower amount can’t do this. The maximum number is not limited, but you need 8500 EMC for monthly generation. And the coins must be transfered to the account using one transaction. You will receive 150 EMC by transferring 50 + 50 + 50 to different wallet addresses, but this amount will never produce new coins over the current difficulty.To encrypt the wallet, selecting Settings > Encrypt Wallet and create a strong password. If your wallet is encrypted successfully, a lock icon will appear at the right bottom of the client. You should encrypt only for your safety, but if you don’t do this, minting will also happen. To allow access to the wallet for mining. To do this, you should click the lock icon and in the pop-up window choose the option “Mint only mode”.If the settings are correct, the lock icon in the right bottom corner will change to a ha...
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