When it comes to mining OneCoin one must understand that the process does not include any physical labor what so ever. You would not believe what some people presume how to mine OneCoin. I had a friend of mine contact me wanting to learn more about the amazing OneCoin opportunity but told me he didn’t know how to mine for anything and did not have any time to do it. Obviously, he was grossly uninformed about the process in mining cryptocurrency so I thought I would write a post about it.
This Is How To Mine Onecoin ?
The mining process which is similar to the mining process of BitCoin which involves an advanced algorithm that was created by three very smart people from India. When the algorithm is all set, powerful computers are used to start working to find the 2.1 billion solutions or One Coins that the OneCoin algorithm has. Once the button is pressed to begin mining it can not be stopped or altered in any way and the more solutions that are found the harder it is to find new solutions. For example, if blank + blank = 5, the solution to make that happen would be 1+4, 2+3, 0+5 respectfully. Now, if the solution was 145856, the process to find all the solutions for the computer would be longer and harder to find. Learning how to mine OneCoin is simple on your end, but very advanced and complicated on the computer end.
OneCoin uses a token approach to mine the OneCoin. When the mining difficulty gets harder, the number of tokens that are required to mine OneCoin will increase. When it costs more to mine OneCoin the number of tokens needed to mine the OneCoin rise to compensate for the added cost in trying to find solutions. This inevitable fact will also make the OneCoin rise in price exponentially. The more active people in the OneCoin network mining OneCoin the better. This will bring liquidity to the OneCoin and credibility. So, now you know how to mine OneCoin… Not so scary is it ?
Steps In Mining OneCoin
After you do your due diligence and learn everything about how to mine OneCoin you need to sign up for a free account. Being that OneCoin is new and can not be bought and sold in an open exchange right now, that will change in the near future, you will have to mine your OneCoins from the mining pools that are already set up and ready to go in the back office. You can also easily buy/sell your Onecoin in the private exchange right in the back office.
Next, you will have to purchase an educational package of your choosing which included tokens and information about cryptocurrency and how to own it, trade it and use it. The goal for the company is to have 10 million members and 1 million merchants that accept Onecoin. Lofty goals for sure, but they already have 2.2 Million…
Finally, the tokens that you receive you can easily send them to a mining pool to begin the mining process with a simple click of the mouse. It takes 30-90 days to mine the OneCoin. This has caused the company to make some drastic changes to try and deal with the colossal growth. When your the fastest company to earn a billion dollars in history some changes need to be made.
The company decided to retire the current blockchain and introduce a new one that will be faster and more secure. Now, you will only have to wait 1-2 weeks to have your tokens mined into Onecoin. This is a bold move by the company to meet the demanding and growing Onecoin network and will catapult Onecoin as one of the biggest Digital Currencies in the world. This will take effect on October 1st 2016. As a thank you to the early adopters, Onecoin will double all coins and submitted tokens for mining on that day.
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