A Beginner’s Guide to Mining Digital Assets
Notice- The WebDollar pool BACM should be avoided due to allegations of lost coins.
Mining is the method by which digital assets such as Bitcoin and Ethereum are minted and released into circulation. Mining is also the method by which transactions are incorporated into the blockchain. Miners attempt to solve a proof-of-work puzzle that, given a successful solution, gives them the right to publish a block of new transactions and allocate new coins to themselves.
More succinctly, miners are rewarded for verifying transactions in a similar way that Visa or Mastercard approves your transactions when you pay with a credit card at the grocery store.
The information I will provide you with will allow you to earn digital assets by utilizing the spare computing power on your home electronic devices.
To begin, we need to identify which devices are available for you to mine on. Take a record of all internet equipped devices you have access to. This may include:
- Smart appliances such as refrigerators, coffee makers, ovens, washer/dryers, smart mirror, smart home controller for airconditioning/lighting/door locks/home security
- Gaming consoles such as Playstation, Xbox, Wii, DS, Switch etc.
- Smart TV’s and set-top-boxes/streaming devices
- Desktop and laptop computers
- Mobile phones, tablets, eReaders
- Workplace devices such as printer/scanner/copier, CNC machine, POS terminal, digital advertising screens
- Automotive navigation systems/infotainment systems
- Other electronic devices with browsers such as digital cameras and picture frames
Enter the following link into the browser search bar of your device to mine WebDollar- https://webdollar.io
You will see a new wallet appear in the bottom right hand corner of your screen, this is will show you your mining progress and allow you to transfer coins to other wallets or an exchange for trade. Be sure to export a copy of your wallet to your device’s download folder for backup. Finally, look to the bottom left of your screen and set the mining power for your device to one notch below maximum. You can continue using your computer while WebDollar mines in your browser window. If you experience issues mining, try changing to incognito mode or switch browsers.
JSEcoin is another digital asset that can be mined on any device. JSEcoin however, can only be mined on one device per household.
Enter the following link into the browser search bar of your device to mine JSEcoin- https://jsecoin.com/o/?a=32224
Follow the on screen instructions to register an account. Select the mining icon on the left side of the screen, then select the Settings icon. Set the mining hash power to 9, then select the “Start Mining” icon. Be aware that the JSEcoin miner must be opened in it’s own window on top of other programs to keep the miner running.
In future articles I will demonstrate how to trade and store your digital assets.
If you found this information beneficial, please share your success by donating to:
brap.me/Casey
Disclaimer- I am not a licensed financial adviser and I’m not accountable for any financial loss or equipment damage.
