Bytecent Price, News and Analysis (BYC)

Proof of Bytecent is an innovative earning system that employs captcha technology to limit network abuses while keeping the earning process tangible. POB requires workers to enter a human readable captcha code every sixty minutes to maintain the earning process without interruption. POB time can be extended without entering the captcha code by storing x amount of coins in the local wallet. For example, If 25 Bytecent are required to extend POB time for one hour, a worker will need a total of 575 Bytecent stored in his/her local wallet to extend POB time for a total of 24 hours. Bytecent utilized for POB can be used anytime and are not locked from being spent like with Proof of Stake coins. The number of coins required to extend POB time is based on numerous factors including current price, total volume, and demand. 1.POB renders botnets ineffective, while dramatically reducing the effectiveness of mining farms. 2.POB generates demand for Bytecent while keeping the available Bytecent in circulation low. 3.Workers are rewarded by storing more Bytecent in their local wallets. 4.Sell pressure from workers and merchant dumping is significantly reduced. 5.Fewer Bytecent are stored on exchanges and other centralized platforms. (Description provided by CryptoCompare)

Bytecent can be purchased or sold on the following cryptocurrency exchanges: Bittrex.

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Bytecent.

Bytecent produces its own wallet software that is available for download on its website, which allows you to store Bytecent on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Bytecent (BYC) is currently worth $0.06 on major cryptocurrency exchanges. You can also exchange one Bytecent for 0.00000883 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Bytecent in U.S. dollars is $134,136.00.

Bytecent can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Bytecent and access to a mining pool that pools your effort with other miners and a wallet to store the Bytecent that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

The official Reddit community (subreddit) for Bytecent is N/A.