How to join electroneum mining pool: Guide for beginners

How to join electroneum mining pool: Introduction

We all are familiar enough with electroneum mining and cryptocurrency, and as we all know that the main purpose of electroneum mining to bring cryptocurrency in a huge amount. So, there are many people who are willing to be a part of electroneum mining, but, they actually are unaware of the procedure.

Here is the complete guide on electroneum mining pool.

Electroneum mining pool: Complete Mining guide

Here, we will discuss how to join an electroneum mining pool.

How to join electroneum mining pool: Guide for beginners

Basic Requirements to join Electroneum mining Pool

Electroneum wallet. Only the people who register to their website can have one.

  • A miner. (https://electromine.fr/#downloads)
  • You can refer to the given link for your convenience.
  • The address of the mining pool.

Processes may differ according to the Operating system.

 Electroneum mining on IOS or Mac

  • Go to https://electromine.fr/#downloads, under YAM Miner (by yvg1900) click on MEGA and choose yam-yvg1900-M7v-macos64-generic.tgz.
  • Go to the download folder, and open it. It should extract the content into a folder.
  • Open Terminal.app,(you can type the commands cmd+space and type Terminal)
  • Type: “cd Downloads” then enter.
  • Then “cd yam-yvg1900-M7v-macos64-generic”, enter
  • Then “cd macos64-generic”, enter
  • Then to launch the miner “./yam -cx -M stratum+tcp://YOUR_WALLET_ADDRESS:x@eu.electromine.fr:3333/xmr”. Replace “YOUR_WALLET_ADDRESS” by your Electroneum wallet address that you can by logging into their website.
  • You are done.

 Electroneum mining on Windows

  • Go to https://electromine.fr/#downloads, under YAM Miner (by yvg1900), click on MEGA and choose yam-yvg1900-M7v-win64-generic.zip
  • Go to the download folder, and open it. Extract it to the Downloads folder
  • In the bottom left search bar, type “cmd” then enter.
  • Type: “cd Downloads” then enter.
  • Then “cd yam-yvg1900-M7v-win64-generic”, enter
  • Then “cd win64-generic”, enter
  • Then to launch the miner “yam.exe -cx -M stratum+tcp://YOUR_WALLET_ADDRESS:x@eu.electromine.fr:3333/xmr”. Replace “YOUR_WALLET_ADDRESS” by your Electroneum wallet address that you can by logging into their website.
  • You are done.

Mining pool stats:

It is not so difficult to join an electroneum mining pool. You just have to set the right server address and once you are done with the initial configuration, you are all set and ready to mine your first electroneum.

The most important factor which must be taken care of is pool fee. When a pool has a higher fee, the returns you get are obviously lower. Consider a situation where official Electroneum pools have a fee of 4%, this means that of all the coins you mine, the official pool will get 4%. This makes it an obvious choice to look into pools with a lower fee.

Selling your coins

After accumulation of a lot of coins, it is obvious that the one who has mined so many coins would go for selling. Follow the given steps to know about the selling procedure:

Step 1:

Get a private paper wallet.

Step 2:

Choose the suitable mining software.

Step 3:

Run electroneumd.

Step 4:

Fire up electroneum-wallet-cli.exe via a special set of commands.

Step 5:

Enter your private spend and private view key.

Step 6:

Enter a wallet password and make sure that the password you entered is safe.

Step 7:

At this step, everything is set up for your local wallet. At the end of the process, it will show you the balance.

Step 8:

Transfer some coins to Cryptopia or any other exchange.

Step 9:

Go back to your electroneum-wallet-cli and enter the required command. Fill up all the details and hit enter.

Step 10:

Once you have confirmed the transfer, you can see it popping-up at Cryptopia and it will be pending for a certain amount of time.

When your coins have been received by Cryptopia they show up on the Balances page.

Final words:

So, these were some basic and very important instructions for joining an electroneum mining pool and selling the coins.

All the necessary requirements and details have been discussed here. If you still have any doubts or queries, feel free to contact us. If you know something more about the joining procedure and selling of coins, definitely share with us.

 

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About the Author: Rupali Gupta

Rupali Gupta is a blogger, digital marketer and gadget freak, she loves to grab everything happing in the tech and crypto industry. Connect with her at @meetrupaligarg, google plusand about page

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