Guide: How to mine Bytecoin on Windows anonymous cryptocurrency, based on CryptoNote

Once you have completed this, you will not need to do this again. If you don’t want to host the mining machines in your own space you have two alternative bytecoin mining pools options. Bytecoin is one of the OGs (original gangsters) of crypto. It was launched in 2012 and all its code was created from scratch.

Despite everything we’ve already covered, you may still have one question. Having that in mind, we’ve gone through the paces and provided you with a Bytecoin calculator. By entering values such as hash rate, power consumption, electricity price and pool fee, you’ll be able to get an estimate on your earnings. You can review your profitability per hour, day, week, months or years. is another newcomer to the world of Bytecoin mining pools and it gained immediate popularity by following the 0% fee structure. It remains a small mining pool however, with 2.9 MH/s in hash power and roughly 3.2% of the network.

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). You can solo mine, but the payouts could take months depending on how powerful your mining rig is, and the mining pools usually charge a very small fee (1% or less). Using a pool will allow you to receive consistent payouts, multiple times per day. Lastly, don’t forget to factor in your electricity costs when evaluating your bytecoin mining profitability. Mining Bytecoin requires a significant amount of energy, and the cost of electricity can impact your overall profitability. Calculate your electricity expenses and consider energy-efficient mining hardware to optimize your profit margins and reduce power consumption.

If you use a GPU miner then a popular choice among Bytecoin miners is XMRig, a high-performance open-source miner. XMRig also offers support for CPU mining, which is useful if you don’t have specialized ASIC mining hardware. However, keep in mind that it only makes sense to mine Bytecoin with ASIC miners as these have a higher hash rate and are more efficient. Bytecoin is a decentralized digital currency that uses cryptography to secure transactions and control the creation of new coins.

  1. With your wallet set up, you’re ready to move on to the next step.
  2. There is also a handy mining profit calculator that is in your dashboard.
  3. To view the total speed at any time, press the “h” key on the keyboard when the mining software is in focus.
  4. Losing access to your wallet can result in permanent loss of your Bytecoins.

Since BCN was launched, it has been forked over 25 times. That led to several improvements, like security updates and multi-valued transactions. In a later stage, the CryptoNote Java code has been rewritten using C++. In the near future, there’s a deconstruction of the old API planned. It is well known to be a completely anonymous cryptocurrency.

Setup Hardware and Software / Configuration

Experiment with different pool configurations if you notice any performance issues or want to improve your earnings. To mine Bytecoin, you’ll need to set up dedicated mining hardware. The type of hardware you choose depends on your budget and mining goals. One of the key advantages of mining Bytecoin is the potential for earning a passive income. As the value of Bytecoin increases, the mining rewards become more valuable. Additionally, Bytecoin’s focus on privacy and security makes it an appealing choice for users who value anonymity and confidentiality.

Check the Miners Status

Secondly, most mining software will get flagged as a virus from virus scanners. What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software. We tend to think of this as Monero, since it is the most popular, but Bytecoin actually was released much sooner than Monero. Bytecoin is interesting because it has an enormous total supply at 184,470,000,000 coins.

Bytecoin Mining Overview

As you can see above, one of the attractive features of most Bytecoin mining pools is the lack of fees. Or, if you want to keep things as simple as possible with a web-based interface you could use Minergate. The most important characteristic is always a trustworthy pool that’s known to pay out reliably. You certainly don’t want to be mining at a pool that’s stealing your hash power or not paying you for all the blocks being found. is a relative newcomer, but it has rapidly gained in popularity because it also has 0% fees and a 5 BCN minimum withdrawal.

The minimum withdrawal is 100 BCN, which isn’t the best, but also isn’t too hard to achieve. If you were a GPU miner that was looking for a coin to mine, then you will no doubt have heard of Bytecoin (BCN).

Yes, but it’s not profitable at all, you are competing with much more powerful devices. For argument’s sake, mining Bytecoin via raspberry pi will earn you around 1-2$ a year. The answer to that question varies, because crypto coins are changing all the time. However, when you are about to mine Bytecoin, hop on our calculator page. Another way to get your hands on some BCN is by cloud mining.

Using that type of device, will net you more rewards, considering the algorithm in use. Like everything around us, the crypto-sphere is evolving every day. For BCN mining, this fact is reflected in the algorithm – from GPU (graphics processing unit) mineable, it shifted to ASIC (application-specific integrated circuit).

Before we delve into the intricacies of mining Bytecoin, it’s essential to have a solid understanding of what Bytecoin is and how it works. Some of you may be creative in solving the above issues. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. That is a convenient way to pass by the hardware installations, electricity bills, eventual downtimes and bandwidth. You can adjust the results to show you how much you will earn on daily, weekly, monthly and yearly basis.

Hard constants and magic numbers in the code deter the system’s evolution and therefore should be eliminated (or at least be cut down to the minimum). Every crucial limit (like max block size or min fee amount) should be re-calculated based on the system’s previous state. Therefore, it always changes adaptively and independently, allowing the network to develop on it’s own.