[BCN] Bytecoin. Secure, private, untraceable since 2012

[someone111]

Isn't this coin basically dead? Where is Rias with updates like usual?

https://bytecoin.org/news/bytecoin-2.0.0-major-update-beta/

[1713975397]

1713975397

[owlcatz]

Isn't this coin basically dead? Where is Rias with updates like usual?

https://bytecoin.org/news/bytecoin-2.0.0-major-update-beta/

Super, but NO devs have spoken here in months including Rias and Ullo.


 

[eeX]

Very sad to say but you are right, guys.

Bytecoin is abandoned for sure.

Developers disappeared.
No any commits at Github for 3 months.
Ullo was not here since may, Rias since Feb.

No new wallets.
No new features.
No new docs.
No community support.

No good news at all.

Even forum @ bytecointalk is miserable and almost dead with an unmoderated spam, scam and porn.

Trades volume is very low and most of exchanges can delist BCN in the nearest future.

No exchanges - no pools - death.

Very soon.

BCN - no trust, no confidence, no future.

Sorry for bad news

[starmman]

Very sad to say but you are right, guys.

Bytecoin is abandoned for sure.

Developers disappeared.
No any commits at Github for 3 months.
Ullo was not here since may, Rias since Feb.

No new wallets.
No new features.
No new docs.
No community support.

No good news at all.

Even forum @ bytecointalk is miserable and almost dead with an unmoderated spam, scam and porn.

Trades volume is very low and most of exchanges can delist BCN in the nearest future.

No exchanges - no pools - death.

Very soon.

BCN - no trust, no confidence, no future.

Sorry for bad news

Value still seems pretty high on Poloniex - but volume has tailed off, and still pools are available right now such as minergate - although I heard that soon BCN will be 100% mined. It will be interesting to see what happens to the markets when that happens.

[someone111]

I heard that soon BCN will be 100% mined. It will be interesting to see what happens to the markets when that happens.

Yes, very much!

Will it even be possible to still do transactions after that time? I mean, if there will be no new blocks? And miners will probably disappear since there is no more reward.

On the other hand it would be deflationary. People loose access to their old coins. No new coins generated. So I guess there is a small chance worth will increase.

[starmman]

I heard that soon BCN will be 100% mined. It will be interesting to see what happens to the markets when that happens.

Yes, very much!

Will it even be possible to still do transactions after that time? I mean, if there will be no new blocks? And miners will probably disappear since there is no more reward.

On the other hand it would be deflationary. People loose access to their old coins. No new coins generated. So I guess there is a small chance worth will increase.

Quite intersrting, also the market cap seems pretty high right now for a dead coin - the number of buy and sell orders on polo are pretty high - volume is down on the other hand.

[Tinfoilwhale]

Smaller CryptoNight coins seems to be screwed by XMR big time now.

XDN is looking like this at the moment:


BCN market depth on Polo looks like this:


Meanwhile on Minergate X-MAN burning through 93 k/hs:


I wonder what he's going to do with all those 1.3 million BCN per day with this setup. 42 BTC to go, enjoy while it lasts I guess.

[drawingthesun]

I heard that soon BCN will be 100% mined. It will be interesting to see what happens to the markets when that happens.

Yes, very much!

Will it even be possible to still do transactions after that time? I mean, if there will be no new blocks? And miners will probably disappear since there is no more reward.

On the other hand it would be deflationary. People loose access to their old coins. No new coins generated. So I guess there is a small chance worth will increase.

This is the big question with Bitcoin once the coinbase runs out, the idea is that there is enough incentive with fees for miners to continue.

Because if the miners do not continue, then you have a lot of hash power sitting around ready for a 51% attack.

If there are no more incentives for miners, the market will create an incentive, which will be double spends against exchanges.

Once one exchange gets hit with a loss from a double spend then good bye coin, it'll likely never be listed again.

[starmman]

Smaller CryptoNight coins seems to be screwed by XMR big time now.

XDN is looking like this at the moment:


BCN market depth on Polo looks like this:


Meanwhile on Minergate X-MAN burning through 93 k/hs:


I wonder what he's going to do with all those 1.3 million BCN per day with this setup. 42 BTC to go, enjoy while it lasts I guess.

I must admit that I completely stopped mining BCN for XMR a while ago - the return is much higher. I'm still trading BCN - and the market cap is staying very stable - I would have expected it to have dropped to 7-8 sat by now - but its staying pretty resilient at 9-10. I've been wondering why that is?

[starmman]

I heard that soon BCN will be 100% mined. It will be interesting to see what happens to the markets when that happens.

Yes, very much!

Will it even be possible to still do transactions after that time? I mean, if there will be no new blocks? And miners will probably disappear since there is no more reward.

On the other hand it would be deflationary. People loose access to their old coins. No new coins generated. So I guess there is a small chance worth will increase.

This is the big question with Bitcoin once the coinbase runs out, the idea is that there is enough incentive with fees for miners to continue.

Because if the miners do not continue, then you have a lot of hash power sitting around ready for a 51% attack.

If there are no more incentives for miners, the market will create an incentive, which will be double spends against exchanges.

Once one exchange gets hit with a loss from a double spend then good bye coin, it'll likely never be listed again.

I've been watching IXC for a while, - the last block was mined a few years ago and its still alive, although the current value is much lower than is has been over the previous years - living off merged mining as its a sidechain of BTC.

I think BCN may live in Poloniex as a speculative investment coin - so long as it can keep its volume and market share high enough. Maybe some kind of merged mining can keep the blockchain going if another coin jumps in and helps - given the marketcap of BCN - it may well be worth it for any of the smaller cryptonite coins who still have an active development team.

[6436346346]

Nodes?

[owlcatz]

[arielbit]

dead?

if they like it, BCN devs can move to dashcoin, its their code .. if they see 500k DSH enticing enough plus 200 XMR bonus, i'm sure the community will still add to that funds.

[Jayjay04]

Good thing with dead coins... it can be pump anytime, you never know !

[paramind22]

If Bytecoin will soon be 100% mined, why is it so easy to still mine it right now?  If you point any recent computer at minergate you can still get several bytecoins relatively quickly.

[starmman]

If Bytecoin will soon be 100% mined, why is it so easy to still mine it right now?  If you point any recent computer at minergate you can still get several bytecoins relatively quickly.

It has a different supply and reward algorithm compared to BTC, so there will still be many coins per block even at the end. Here is a quote from the OP: -

Algorithm: CryptoNight
Block time: 120 seconds (2 minutes)
Difficulty retargets each block
Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/218,  where MSupply = (264 - 1) atomic units and 'A' is amount of already generated coins
One coin is divisible down to 8 decimal places (divisible up to 108)
Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)

[owlcatz]

If Bytecoin will soon be 100% mined, why is it so easy to still mine it right now?  If you point any recent computer at minergate you can still get several bytecoins relatively quickly.

It has a different supply and reward algorithm compared to BTC, so there will still be many coins per block even at the end. Here is a quote from the OP: -

Algorithm: CryptoNight
Block time: 120 seconds (2 minutes)
Difficulty retargets each block
Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/218,  where MSupply = (264 - 1) atomic units and 'A' is amount of already generated coins
One coin is divisible down to 8 decimal places (divisible up to 108)
Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)

181.63 billion have already been mined, so that means there are only ~2.3 billion coins left. (LOL).

[Finger]

If Bytecoin will soon be 100% mined, why is it so easy to still mine it right now?  If you point any recent computer at minergate you can still get several bytecoins relatively quickly.

It has a different supply and reward algorithm compared to BTC, so there will still be many coins per block even at the end. Here is a quote from the OP: -

Algorithm: CryptoNight
Block time: 120 seconds (2 minutes)
Difficulty retargets each block
Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/218,  where MSupply = (264 - 1) atomic units and 'A' is amount of already generated coins
One coin is divisible down to 8 decimal places (divisible up to 108)
Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)

181.63 billion have already been mined, so that means there are only ~2.3 billion coins left. (LOL).

im mining bcn cpu on my old as fuck thinkcentre for lulz  not for profit

[Machman]

What I really like about this is awesome anonymity. Normally, when you post your public address, anyone can check all your incoming transactions even if they are hidden behind a ring signature. Cryptonote technology used in BCN provide unlinkable transactions.

Yeah, it's a big step forward.

[Lafu]

any active nodes someone?