I'm still a newb when it comes to mining. I feel I should load at least caged Linux onto one of my rigs in order for the one of the mining programs I use to actually work properly. I use Minergate and I feel it will work properly if I run the Linux version.
I could mine with NiceHash all day everyday. Their new software works well. 'You set it and forget it" as that guy who used to sell his ovens on infomercials used to say.
The thing I don't like about NiceHash is that you know what you are going to get for the day. The program gives you an estimate actually. With Minergate, you can mine about ten different Cryptocoins. Almost all of them are coins of low value.
When I started mining with Minergate, Monero was around $40. Now it's hovering above $130. Between the excitement of gains like that and having enough capacity to mine Bytecoin for the long haul in concert with Monero, I like Minergate. I like the ability to choose the coins I mine.
I was looking over the charts today and I noticed that nearly all the Bytecoins in circulation have been found. As of today, August 30, 2017, there are 1.15 billion Bytecoins left to be found. The total amount of Bytecoins in existence is 184.47 billion. That means that only ~ .623% of the entire pot is left to be found.
After hovering around .005 cents for about two years, starting in April of this year, Bytecoin ran up to .4 cents on May 22. It has since dropped back down to about .25 cents.
It should be interesting to see what happens to my stack.
More research need be done on my part but I believe finding all the coins bodes well for the price of Bytecoin and those that hold Bytecoin especially since it is still very easy to mine.
Interesting article. We need someone to pick up Bytecoin (BCN) like Monero (XMR)!
Good points in this post. Interesting to see I'm not the only one that is thinking about this. The future is in blockchain. The issues is that people don't seem to care about the Trustworthiness of the current cryptos. This also happened in the internet boom. Besides coinmarketcap.com there is: https://www.coincheckup.com. They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. For example: https://www.coincheckup.com/coins/Bytecoin#analysis To watch Bytecoin Analysis
What is it exactly that happens when all the coins are mined? do they just lower the difficulty level of mining and make it trivial and not reward anything anymore? or do they keep awarding coins from the transaction fee pool? or what?
Please check out SuperPools.Online. They got Bytecoin as well and it is 0.5% fee. Much better than Minergate.
http://bcn.superpools.online/
Thanks!
Monerador