Bytecoin BCN price surged by an astonishing 300% within the past 24 hours. The price of BCN rose from 25 satoshis to record a high 109 satoshis earlier today on Poloniex, before dropping down to 100 satoshis at the time of writing of this update. Since its genesis block was mined back in July 2012, Bytecoin’s price was almost always below 10 satoshis. Even though it topped 180 satoshis in May 2015, today’s high is a pivotal level, given the fact that BCN’s value has been increasing steadily since the beginning of March. What is Bytecoin BCN All About? Bytecoin is the first altcoin ever to be based on the CryptoNote technology.

It was launched in July 2012. Bytecoin is a totally anonymous cryptocurrency; thanks to the CryptoNote technology that utilizes ring signatures, as well as one time cryptocurrency addresses. Bytecoin BCN was coded from scratch, and it is not by any means a fork of bitcoin. Sometimes, BCN is confused with a bitcoin fork, known as Bytecoin (BTE). Interestingly enough, the creators of BCN were never known and its development history is rather mysterious.

Bytecoin BCN Price Rises By More Than 300% In Less Than 24 hours Bytecoin BCN. Time cryptocurrency addresses. Bytecoin BCN. 1 GB Nividia Geoforce GPU could mine. Mining Bytecoin is the easiest way to start filling up your Bytecoin wallet. There are tons of resources online that describe how to mine BCN, but it is one of the.

Byteoin CPU Mining Is Very Profitable Now: Bytecoin is a CPU mined cryptocurrency, which increase the value of the currency, especially that it is almost impossible to trace back the senders and/or receivers of Bytecoin transactions. BCN utilizes an egalitarian ASIC/GPU resistant CryptoNight algorithm.

Bytecoin (BCN) CPU-mining economics. It's two weeks since I've started mining Bytecoin (BCN). Maybe I could try get GPU and CPU mining going at the same time. How to Buy Bytecoin & BCN Wallets. You can mine BCN at several mining pools such as MinerGate and Eobot. As of the time of this guide. CoinWarz Bytecoin mining calculator. Enter your mining rig's hash rate and the CoinWarz Bytecoin calculator will use the current difficulty and exchange rate to calculate how much profit and how many cryptocurrency coins you can earn.

Technically speaking, any PC today can perform profitable Bytecoin mining. A few weeks ago, we published an. Back then, a dual core i5, 8 GB RAM PC with a 1 GB Nividia Geoforce GPU could mine Bytecoins that are worth around 10 cents per day. Now, with Bytecoin price hitting the 100 satoshi mark, that same PC could mine what is worth around $2 every 24 hours, provided that the network difficulty did not change markedly from where it was a few weeks ago. Conclusion: Bytecoin price surged earlier today to score a 2 year high of 110 satoshis on Poloniex.

Bytecoin is the first ever CryptoNote altcoin to promote anonymity via ring signatures and one time addresses. With this price surge, Bytecoin CPU mining becomes more attractive and profitable, as an average, or even below average, PC can now mine around $2 worth of Bytecoins a day at the current prices. Image from Bytecoin’s Bitcointalk.org thread About Dr Tamer Sameeh.

When mining Bytecoin, your hash rate determines how much BCN you will earn a day. One way of boosting your hash rate is to purchase new hardware () but another way to increase your mining hash rate is. What Is NiceHash? NiceHash is a cryptocurrency mining marketplace, where you can literally purchase mining power from sellers. Sellers download the NiceHash miner and run it on their computer, which then the buyers can use to mine their favorite coin at any pool they choose.

All mining on NiceHash is pay-as-you-go and you can stop mining at any time, you can also mine on different pools and with different mining algorithms. Cheap Ethereum ETH Mining Hardware. They are well-trusted in the community and have been around since 2014, dealing with millions of USD in BTC transactions. How Do You Mine With NiceHash? Mining with NiceHash is very easy and is probably more simple than setting up a miner on your own hardware.

You first need to, which takes about 30 seconds. Once you confirm your account, then you can go ahead and log in. At which point you will be presented with a very well designed dashboard that shows all the information you’ll need once you start mining. Next, you will venture to the “Live Marketplace” which is where you’ll go to purchase your mining power. You’ll notice there are a ton of different algorithms supports, but since we are mining Bytecoin, you’ll want to select “Cryptonight”.

You’ll see in the marketplace they are sorted by BTC/MH/Day, which translates into Bitcoin spent per million hashes per day. This may seem like a lot, but the hash rate for the entire Bytecoin network sits at about 4MH/s, which means you could dominate a large percentage of the network and rake in BCN. Once you confirm your purchase, you are only one step away from mining Bytecoin with your hashing power. Before you can start mining, you’ll need to set up your pool information, you can find “My Pools” in the “For Buyers” section of the menu, this is where you’ll add your pool information.

Since we are mining Bytecoin we will need to choose the Cryptonight algorithm, point our miners to Pool.Bytecoin.Party, and set our port number to 8888 (which is dedicated to NiceHash mining). Finally, add your wallet id as the user, and save your pool profile, now you can go back to the dashboard and start mining. Is NiceHash Profitable? The argument against NiceHash is that it’s not always profitable, which is true and false. There are a ton of coins and pools that will not pull a profit from NiceHash mining, Bitcoin, for instance, will never earn more than it costs because that wouldn’t make sense.

However, on a zero-fee pool like Bytecoin.Party, it’s possible to earn a profit straight from the jump, but oftentimes you’re mining for long-term profit. One of our NiceHash miners earned over 200,000 BCN last month, and he only mined for about a week. He only spent about 200$ to mine this coin, so he’s currently breaking even, but imagine where his profits will be when Bytecoin rises in price. That is something to keep in mind when considering mining with NiceHash, you need to look at future profits and not just what it’s worth at the time. Should You Use It?

I believe everyone should at least. You can start mining at NiceHash with as little as.005 BTC, and you’ll earn that back in a day if you’re mining Bytecoin. At the very least, you should consider creating an account so that you can take advantage of any new coin announcements, as you can mine nearly any coin with NiceHash. Please reach out if you have any questions or comments, and as always, PARTY ON!