Monday, 18 July 2016

How to profit from Yocoin


How to mine YOcoin
Yocoin is a cryptocoin like bitcoin that uses a proof of work system to reward miners, the coin is meant for online transactions, and is also being traded on the cryptomarket, the value of the coin has been appreciating since it was introduced about 6 months ago. In order to mine yocoin, you must first register a yocoin account, then get a yocoin wallet from www.yochain.info, register at the website with your account details and click the "get a new address" link.
After getting this wallet address go back to your account and save this info on your profile section.
Now in other to mine the coin you must first register an account at miningrigrentals.com, after registering, deposit some bitcoins to your account then click on the rigs section and select scrypt, a list of all the available scrypt rigs will appear, pick a rig with high RPI and Hash rate, (RPI is rated from 100-0). The bigger the Hashrates the more Yocoin you'd get, but the more money you'd spend.
Once you click the rent now option, the rig owner will ask for the particular coin you want to mine, by asking you to define a pool, all you have to do is go to the yocoin mining pool and click the getting started tab, it will then take you to the stratum host address and port (use :2502) which you will copy to the form. then input your yocoin address into the username and put any password you can remember. The username is where the rig owner will transfer all your mined coins to, it usually takes an hour to see the mined coins.

Yocoin can also be traded on the exchange platforms that have registered it.

No comments:

Post a Comment