Profit Bytecoin BCN Mining
What is Bytecoin? Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using Bytecoin. The best solution for those who want to keep their financial privacy. Instant private transactions are provided all around the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional fees. Fiat currencies are assigned to specific territories while Bytecoin is bound to the Internet and therefore is international by default. Emission The emission of fiat currencies is a closed process where an issuer is engaging in its own capabilities.
One can’t take part in the emission process. Bytecoin emission is an open process which employs the computing powers of all network members. Any user can join the Bytecoin network and take part in the emission process (thus, becoming a miner). Mining in the network results in the creation of new money, which serves as a reward for users who employ their computing power in order to process transactions. All transactions are carried out every 120 seconds. The Miners ensure that the transactions are processed correctly and provide cryptographic protection of transactions and personal data.
Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin. Find ByteCoin (BCN) Mining Calculator and Tool for calculating ByteCoin (BCN) profitability.
However, miners cannot access users' financial data since Bytecoin protects the identity of the sender and the receiver, and conceals the sum transferred.