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This is a guest post by System 96 In this Bytecoin guide, we will be covering how to pool mine Bytecoin with a CPU and GPU, and how to solo mine Bytecoin. Solo Mining Bytecoin: Solo mining Bytecoin is fairly simple, download the Bytecoin simplewallet and daemon on the downloads page, and open up the Bytecoin daemon so it can begin to synchronize with the Bytecoin network. Once it is done syncing, open up the simplewallet and create a wallet file.

Now, in the daemon run this command: start_mining your wallet address However, solo mining is usually not as profitable as pool mining nor is it suggested, as it only uses your CPU and it would take ages to solo mine one block, however if you do you get the entire block reward:D Pool mining Bytecoin with CPU: First, you need to find a pool to mine on. A couple of pools are bytecoin.uk, and bytecoin.party, with both 0% fees. You can find the port numbers on the pool site. A great CPU mining software is xmrig, which you can download here: Once you have downloaded xmrig, open up your config file. There, you can set how much CPU the miner can use, among other things. In the user section, put your wallet address (make sure the password field is empty.) In URL, put your mining pool of choice along with the port number. It should look something like this: bytecoin.uk:3333 Then, start xmrig and you should be mining with your CPU:D Pool Mining with GPU: Pool mining GPU is a bit more tedious, depending on your graphics card, you will need to download one of the following miners: AMD: Nvidia: These two miners will both have config files, you need to start the miner up and it will give you your GPU config details, copy these, and go into the config file and you need to replace the gpu conf null with your mining config details.

Then, later in the config file you need to enter your pool url and port, and wallet address (make sure that password field is empty). If these two softwares dont work, you can try these software that work with most systems: AMD: Nvidia: And for these miners, no config files are needed, just drag the.exe into a terminal and enter this command for your respective miner of choice: AMD miner: -o stratum+tcp://yourpoolurl:poolport -u YOUR_WALLET_ADDRESS -p x Nvidia Miner: -o stratum+tcp://yourpoolurl:poolport -u YOUR_WALLET_ADDRESS -p x Then run the miner with that command and you will be mining! That concludes our guide on how to mine bytecoin, if you have additional questions you can head over to our subreddit /r/bytecoinbcn or visit our telegram channel at www.t.me/bytecoinchat See you all soon fellow enthusiasts!

Bytecoin – A Promising Cryptocurrency to Mine in 2018 by Bytecoin’s BCN price soared during the preceding month scoring a 312% rise in its value, even though bitcoin has been witnessing a relatively powerful bearish wave during most of this period. Even more, bytecoin is one of the cryptocurrencies whose price are expected to reach higher levels in 2018 for many reasons, especially that the fees required to send transactions on Bitcoin’s network have surged to unprecedented levels, rendering bitcoin unsuitable for micro-transactions, which is not what Satoshi Nakamoto, the mastermind behind Bitcoin, had in mind when he invented the blockchain. So, why did the price of bytecoin skyrocket in just a few weeks? Is Bytecoin a promising coin to mine in 2018?

What is Bytecoin BCN? BCN represents the first cryptocurrency to be ever built on the basis of the CryptoNote encryption algorithm. BCN went live in July 2012, and since then it has been advertised as a cryptocurrency that promotes anonymous, untraceable payments with negligible transaction fees. Bytecoin is ASIC-resistant, i.e. It is mineable via CPUs, or better GPUs, which promotes decentralization of the mining process and encourages wide adoption of cryptocurrencies, especially that anyone with a personal computer, with a relatively powerful graphic card, can acquire some Bytecoins and start using them.

About Downloads How to join Ecosystem Community. All of the most popular places where you can use your Bytecoin in a. Cards with BCN.

How Many Monero XMR Can You Mine Per Month more. You can mine Bytecoin using mining software, which is by far the best option for cryptocurrency newbies to start testing the waters of cryptocurrency mining. Bytecoin has had a number of developments since its launch in 2012 which resulted in 25 soft forks. Interestingly, stores some information in addition to transaction hashes and other relevant data: some blocks have been used to save the geolocation coordinates of the campuses of a large number of the world’s universities, as well as other educational institutions. Bytecoin blocks mined after August 4th, 2012, include quotes from “The Cyphernomicon”; a document authored by Timothy C.

May discussing the concept of “crypto-anarchism”, and “Neuromancer”: a sci-fi novel which represents one of earliest works of literature belonging to the “cyberpunk” genre. Why did the price of Bytecoin BCN skyrocket in 2017? And why is it expected to rise even more in 2018?

The last quarter of 2017 witnessed a rise of around 166% in Bytecoin price. Even more, its price soared by more than 60% since the beginning of the new year. The increased market appreciation of Bytecoin can be attributed at least partly to the rise in Bitcoin’s transaction fees. This has urged a considerable percentage of crypto-enthusiasts and individuals, who use Bitcoin for payments, to shift to other cryptocurrencies with lower transaction fees. Bytecoin was a very attractive alternative in this context, as it costs a fraction of a cent to send a Bytecoin transaction, when Bitcoin’s transaction fees exceeded $30 at certain times during the past couple of months.

For instance, the Dukley Hotel and Resort, which is located in Montenegro, began accepting Bytecoin as a payment method in December 2017. • A new version of Bytecoin’s API: The development team is working on releasing a beta version of Bytecoin’s API that will be testable by users. The new API will render it extremely easy to add Bytecoin payments to various forms of e-commerce websites. It will also simplify the development of BCN wallets and mining software. The beta version will allow test users to report bugs and suggest solutions, as its source code will be presented through a new branch of BCN’s repository on GitHub. • New wallet release: The first quarter of 2018 will witness the release of a new version of the online wallet.

A better design, brand new features, and higher speed of blockchain synchronization will be available for all users of the new wallet. • Hardfork: The hardfork is planned to take place before the end of the second quarter of 2018. The fork aims mainly at the introduction of a dynamic transaction fee system, and replacement of the coin’s old API. In other words, all BCN owners will have to shift to the new wallet. When the hardfork is completed, all coins should be included in new API wallets and the old API will become obsolete. • Release of a public testnet: Bytecoin’s board has big plans for the second half of 2018. These include marketing strategies to expand in markets in the Middle East and Africa; the development of a payment processor plug-in for offline stores, and a 6th anniversary surprise that is yet to be announced.

That’s why the board will launch a public testnet that will enable users to test new software versions, comment about them and suggest solutions to problems they encounter. The testnet will act as a bridge between the coin’s community and its development team.