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RE: “How To” PALNet.io and PALCoin with Keychain and Steem-Engine.com
Clear answers to most of the basic questions. One missing as far as I'm concerned: how does mining work? You buy a minercoin, and then what? It just works, or you need to do something? I have not yet been able to figure this out.
A chunk of the PALcoin emissions (10%) are allocated to the miners. Depending on how many miners are staked, that 10% is divvied up between them. So, if you have one, you can simply stake it, and depending on how many participants are mining at any given time will determine what is mined by each. You can read more about this in the whitepaper post if you like! We're happy to distribute the claimdrop first, so before jumping into mining, be sure to decide what you want to do with what you're gifted for free!