How to Create a Digital Wallet, Get an Address, and Mining The Monero XMR Coin.

How to Create a Digital Wallet, Get an Address, and Mining The Monero XMR Coin.

Install The Monero Wallet. When you are really ready to use Monero, the first step you should do is create a Wallet. Wallet here is almost the same as the wallet in the real world. We will create a digital wallet to store digital Monero. There are several options how digital Monero can be stored. Of course, this is similar to the physical cash commonly used by people. Monero wallet also has a balance like a conventional bank. One of the interesting of Monero is how to add and subtract funds from that Balance. So, the Wallet's address is used to receive funds from others people. Generally, the address of Monero Wallet consists of 95 letters and numbers. As seen below.

587gtrHjkRt6EL7Jk7v4RoeCEnJFH2rpD18GuiTk9KTcViQv4Q3eVp4sXS1TNwgN48d6MPJXxn2HPh3BRA6Lq2SWmBHGtreW

A simple overview of the use of Wallet Monero is as follows, My friend sends me 15 Monero for a pizza, Then I would give him my address. The next step is, he would open his digital wallet and send my address with 15 Monero. As well as conventional money, you spend digital money by send or receive it from your digital wallet to other peoples.

How to Create a Digital Wallet on MyMonero.com.

     A. How to create an account.

To create a digital wallet in Mymonero.com is very easy. Here is step by step instruction you can follow.
  1. Go to this website MyMonero.com
  2. Click create an account. Then you will see a banner that your account has been created.
  3. Scroll down the page and you will see Your Private Login Key. You must keep this private key safe. This private key also used as a login key.
    Monero digitall wallet
    Monero digital wallet 
  4. Now, copy the private Login key, and then paste it into the form under Confirm your Private Login Key.
  5. Now, click blue button with I've written down my private login key, log me in!
  6. Once you have successfully logged in, you will see your digital wallet address.
It can be explained, simply that you just go to MyMonero.com and click the big blue button. Your account will instantly be created by login, and your mnemonic seed (or called ‘Your Private Login Key’) will be shown on the screen. Copy paste and Store it in a safe place and don’t share it with the other people. You will use this key to log into MyMonero from this page forward.

    B. How to login Monero account.

To login into Monero account is easy. Just follow the steps below to do it.
  1. Make sure your computer connected to the internet.
  2. Then, open your favorite browser to visit the Monero website or you can click this link
  3. Then click Login button located at the top right side of the screen.
  4. Then, you need to enter Your Private Login Key in the form.
  5. After that, select available language.
  6. Now, hit the blue button say Enter My account.

How to Create a Digital Wallet With Monero Wallet Software.

  1. The first step you should do is download the software Moreno from the official Moreno website. Here
  2. Select your Operating System to download the digital wallet.
  3. Once your file successfully downloaded, just extract this zip file. From the extracted file you can see that there is a number of different files. Then we need to execute two files of them.
    • monerod.exe
    • monero-wallet-cli.exe
  4. This application will connect your PC to the Monero network and download the blockchain. the encrypted will record all transactions that have ever occurred in Monero. When this program downloads the blockchain it will take more than 15 hours. Depending on your internet speed connection. Also, need more than 20 - 30 GB free space of your computer drive. Before done, make sure you all requirements are met on your computer. 
  5. If you ready, now double click to run monerod.exe. If you see security warning just click OK. This program will synchronize your computer with the blockchain, it will take a very long time.
    synch to blockchain
    synch to blockchain
  6. Once your computer already synchronized, you will see this picture on the screen as shown below.
  7. The green word on the screen says that SYNCHRONIZED OK. This means your PC is synced and you are ready to use your digital wallet.

How to Create Wallet.

  1. Once your computer already synched, now you can create a Monero digital wallet.
  2. Now, you need to run the Monero-Wallet-CLI.exe program to create a wallet. This application will ask you to give a wallet name and password. It will then display your new 95-character address, as well as give you a mnemonic seed.
    wallet and mnemonic seed
    wallet and mnemonic seed
  3. You must write down and keep it in a safe place. Never lose this wallet address and Mnemonic seed.

How to Mine Monero Using Your Own PC.

Now everyone has the opportunity to Monero mine coin using CPU power consumption. You do not need to pay a high cost to buy expensive ASIC based mining hardware. You can mine the Monero coin on almost Operating System running on the PC. For example Windows and Linux. Once you have successfully created Monero wallet as described above, now is the time you start to mine the Monero coin using PC.

Prerequisite To Mine the Monero Coin Using PC.

  1. Mining Pool. you can select the mining pool you wish to use from the list below
    • https://minexmr.com/
    • http://supportxmr.com
    • http://monerohash.com
    • http://monero.crypto-pool.fr
    • http://xmrpool.net
    • http://moneropool.com
    • http://xmr.prohash.net
    • http://pool.xmr.pt
    • http://poolmining.org
    • http://usxmrpool.com
    • http://xmr.poolto.be
  2. Mining Software. Once you have defined the mining pool, then you need to choose the mining software that can run on your PC.
You can specify the type of operating system running on your PC that is supported by the Mining software. Happy mining.

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