In order to start using Pelecoin, users will need to open an account by completing the free, quick and easy registration page. Once an account is open, users can send and receive Pelecoins, monitor transactions, and participate in the emission and distribution of new Pelecoins.
A Pelecoin miner is a Windows console application which allows users to participate in the PLCN mining process. Mining process is similar to that of Bitcoin or Ethereum. The most significant difference is Pelecoin’s proprietary algorithm for the emission of coins. The current Pelecoin miner allows simultaniuos mining of four cryptocurrencies, including Ethereum (ETH), Ethereum Classic (ETC), ZCash (ZEC) and Monero (XMR) in an optimized by profitability mode.
As a result of mining Pelecoin, users will receive coins (PLCN) that may be freely exchanged with other cryptocurrencies or withdrawn to an external wallet. See the Withdraw page for more information (for registered users only).
There are two common ways of converting PLCN into USD or other real currencies:
- Send PLCN via Ethereum (or other coin) to one of the cryptocurrency exchanges, then sell Ethereum for USD and withdraw to your bank account. Below is a list of some of the largest cryptocurrency exchanges by volume:
- Withdraw the PLCN via Ethereum (or other coin) to one of the following VISA debit cards:
Pelecoin provides a VIP program for business partners that are ready to buy multiple GPU cards. In addition to providing technical and business support, we can provide VIP business partners with mining rigs (based on six or more GPU cards) that are optimized for Pelecoin mining. Please contact the administrator for more details.