A blockchain is secured by hundreds of mathmatic calculations (too hard for a human to compute quickly) as your CPU can handle these calculations quickly it secures the blockchain by creating and solving complex mathmatic calculations. Everytime a transaction happens on our blockchain network it scrambles it into calculations and your CPU solves the answer to confirm and secure your transaction. Everyone connected to the network (anyone running a wallet or hosting coins) sync and share the scrambled blockchain so everyone has a copy of every transaction and nobody can fake it!
Each block your CPU (computer) solves on our blockchain is rewarded 75 BLC, the faster and better your CPU the more likely you are to solve block mathmatics and gain block rewards. The more people mining blocks the stronger the network becomes as each block makes the next one stronger (mathmatics get harder) and secure. You can earn coins by mining on almost any PC computer, more modern computers will mine faster…
You will need –
1. Create a folder anywhere on your computer to store and run your wallet and downloaded files for example call it “Blockcoin Miner”
2. Open your wallet and run it for a while to let it sync with the blockchain network.
3. Close your wallet software down and create a file called blockcoin.conf in the folder “%APPDATA%\blockcoin”.
4. Paste the following into your new blockcoin.conf file –
You can download a copy of the file (here) unzip and save it to your “%APPDATA%\blockcoin” folder.
Note: rpcuser & rpcpassword can be any random string you wish.
5. Open your Blockcoin-qt.exe wallet software again to let it read the new config file and sync with the network again. Giv it a few minutes…
6. In the same folder you created in step 1 create a new file called miner.bat, in this file copy and paste the following code and save.
echo Press [CTRL+C] to stop mining.
blockcoin-cli.exe generate 1
Finally – Double click miner.bat to execute the miner, it will take +/- 30 minutes to mine your first block and earn your first coins, depending on your computer hardware.