Mining the last Bytecoins

bytecoin

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.

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