Mining ProCurrency

What is Mining/Staking?

What is mining?
Mining or Staking is the process of storing and verification of transactions within a blockchain.

Mining or Staking is often looked at as being complicated or too much of a hassle to accomplish. Thanks to ProCurrency’s Proof-of-Stake Algorithm, this process is made extremely easy. Even for someone that doesn't know much about Cryptocurrencies. The best part is that you don’t need expensive and complex equipment.

You don't need any coding skills and you don't have to be concerned with the cost of your electricity bill going through the roof. All you need is your favorite PC or Mac, ProCurrency Wallet, and some coins to get started! Let’s go over the steps needed in order to get you up and running mining your own PROC and earning just by leaving your computer on!

  • Install the Procurrency Wallet. For more information, check out our video guides to install the wallet on WINDOWS and MAC.
  • Once you have your wallet installed and synced to the network (Approx. 2 hour) it is time to get some coins to start mining!
  • As of Feb 2019, you can acquire some coins from exchanges like HitBTC, Changelly or our suggested Dnero App!
  • Once you have obtained the coins, send them over to your wallet
  • You are almost done! Now that the hard part is done, all you have left to do is simply leave the computer on, leave the wallet open and unlocked and after 6 hours you will be eligible to join the Global Staking Pool!

Here are some tips to consider:

Make sure your computer settings are optimized so that your computer does not turn off on its own.

The more coins you have, the more probability you have of earning a block reward.

The longer your coins are in your wallet, the more blocks you will get. Oh, and remember, current block rewards are 15 PROC.

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