Pelecoin Investment: A Beginner's Guide To Getting Started

Pelecoin (PLCN) is a cryptocurrency with a current supply of 0 and a last known price of 0.00000336 USD. It is possible to mine Pelecoin by participating in the multi-currency mining of the Pelecoin system. The requirements to do so include having Windows 7 or more as an operating system, at least 4GB of hard disk free space, and one of the listed GPU cards. Alternatively, users can register for a free Pelecoin account and download the Pelecoin miner to start mining.

Check the mining requirements

To invest in Pelecoin by mining, you will need to check that your setup meets the following requirements:

Operating System

Your computer will need to be running Windows 7 or higher.

Hard Disk Space

You will need at least 4GB of free space on your hard drive.

GPU Cards

The following GPU cards are compatible with Pelecoin's mining software:

• AMD Radeon/Sapphire/Gigabyte RX 470
• AMD Radeon/Sapphire/Gigabyte RX 480
• AMD Radeon/Sapphire/Gigabyte RX 570
• AMD Radeon/Sapphire/Gigabyte RX 580
• AMD Radeon R9 390/X
• AMD Radeon R9 290/X
• Nvidia GeForce GTX 1060 (6GB, Can't SLI)
• Nvidia GeForce GTX 980
• Nvidia GeForce GTX 970
• Nvidia GeForce GTX 780Ti
• Nvidia GeForce GTX 780

If you have a GPU card that is not listed above, you can check its compatibility with an administrator.

Register a free account

To register a free Pelecoin account, you must first ensure that your device meets the Pelecoin mining requirements. This includes having:

• Windows 7 or a more updated operating system
• At least 4GB of hard disk free space
• One of the following GPU cards:
• AMD Radeon/Sapphire/Gigabyte RX 470, RX 480, RX 570, RX 580, R9 390/X, or R9 290/X
• Nvidia GeForce GTX 1060 (6GB, Can't SLI), GTX 980, GTX 970, GTX 780Ti, or GTX 780

If you have another GPU card, you can check its compatibility with the administrator.

Once you have confirmed that your device meets the requirements, you can proceed to register your free Pelecoin account. This can be done by visiting the Pelecoin website and providing the necessary information to create your account. After registering, you will need to create your account worker and download the Pelecoin miner to start mining.

Create an account worker

To create an account worker, go to the "Account" section and then the "My Account" page. Here, you will find the "Manage Workers" tab. Click on this tab and add a new account worker to obtain the identification ID for your mining PC/Rig. If you have multiple PCs/Rigs, be sure to create an appropriate number of account workers.

It is important to note that before you can create an account worker, you will need to register for a free Pelecoin account. This can be done by visiting the official Pelecoin website or the WRIT Media Group website, as they are the developers of Pelecoin.

Download the miner

To download the Pelecoin miner, you first need to register for a free Pelecoin account. This will allow you to start mining and enable you to participate in the PLCN mining process. The mining process is similar to that of Bitcoin or Ethereum, with the most significant difference being Pelecoin's proprietary algorithm for the emission of coins.

Once you have registered your account, you will need to create an account worker. To do this, go to the "My Account" page and click on the "Manage Workers" tab. Here, you will need to add a new account worker to get the identification ID for your mining PC/Rig. If you have multiple PCs/Rigs, be sure to create an appropriate number of account workers.

After you have created your account worker, you can download the Pelecoin miner. The Pelecoin miner is a Windows console application, and the download is currently unavailable. However, it is important to note that the mining process requires specific hardware and software requirements, such as a compatible operating system and GPU card.

Once the download is complete, you will need to extract the files from the downloaded zip file. Navigate to the "app" folder and open the "ini.txt" file. Replace "1" with your worker ID obtained earlier. Finally, run the file PMiner.exe from the PMinerM21 folder to start the mining process.

System Requirements

In order to participate in the multi-currency mining of the Pelecoin system, ensure that your system meets the following requirements:

• Operating System: Windows 7 or higher
• Hard Disk Free Space: At least 4GB
• GPU Cards: Various AMD Radeon, Sapphire, Gigabyte, or Nvidia GeForce models are supported. For other cards, check their compatibility with the administrator.

Monitor your profit and performance

Monitoring your profit and performance is a crucial step in managing your Pelecoin investment. Here are some detailed instructions to help you with this process:

Review Your Account Statements:

Regularly review your Pelecoin account statements to understand how your investments are performing. Keep track of the costs associated with your investments and compare the performance against your financial goals and investment policy statement.

Utilize Crypto Platforms:

Take advantage of the tools provided by crypto platforms like Crypto.com. These platforms often offer features to track the performance of your crypto holdings, including cumulative performance over selected time intervals. For example, the Crypto.com App allows you to access the Performance screen, which shows your crypto investments' performance over the past 24 hours, up to 6 months.

Track Key Indicators:

Familiarize yourself with key financial indicators to assess the performance of your Pelecoin investment. These indicators include volatility, maximum drawdown (MDD), and the Sharpe ratio. Volatility measures the rate of price fluctuations, helping you assess the risk level of your investment. MDD measures the maximum loss before a new peak, aiding in risk management. The Sharpe ratio evaluates the risk-adjusted performance, indicating the profit relative to the risk taken.

Compare Against Benchmarks:

Compare the performance of your Pelecoin investment against appropriate market or sector benchmarks, such as stock indices. This helps you contextualize how your investment is doing relative to the broader market or specific sectors.

Stay Informed:

Keep yourself updated with news and disclosures from the companies you are invested in. Follow market and economic news, including interest rate changes, currency fluctuations, and economic trends. This holistic view will help you make more informed decisions about your Pelecoin investment.

By diligently monitoring your profit and performance, you can make better-informed decisions about your Pelecoin investment, allowing you to maximize returns while managing risks effectively.

Frequently asked questions