Cryptocurrency mining is the process of verifying transactions and adding new blocks to a blockchain ledger. Each new block of transactions has a complex mathematical hash function associated with it that requires significant computing power to solve. The miner who solves the function first receives a Payment Coin reward for supporting the network and adding a new block to the blockchain.
In 2021 we recommend pooled mining via rented hardware. For experienced users use your own mining software. There are many services, but we recommend an established service provider such as Mining Rig Rentals. Their platform is user friendly for beginners and novices and can be setup and running within 5 minutes.
Mining helps support the Payment Coin network while you earn valuable reward coins. With less than 20% of the 84million coins mined, an opportunity is available for early adopters.
GUIDE: How to mine Payment Coin using rented hash power
- Visit miningrigrentals.com
- Create user account
- Click Username –> Balance and add some funds
- Click Rigs –> Scrypt
- Search based on hashrate, price, reputation etc.
- Click RENT NOW button for selected rig
- Under POOL CONFIGURATION click edit icon by row 1
- Populate the pooled mining details (see screenshot)
- Sit back and relax as Payment Coins are mined.
Find a pooled mining pool where you can mine Payment Coin. Miners are currently awarded with 50 new Payment Coins per block.