Bytecoin (BCN) CryptoNight-based alternative cryptocoin

13 Mar
2014

bytecoin-logo

Bytecoin (BCN) is an alternative cryptocurrency, but it is not a fork Bitcoin and uses the unique algorithm CryptoNight, based on CryptoNote technology. Bytecoin is an open decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature. Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions.

Website:
– https://bytecoin.org/

Block Explorer:
– http://chainradar.com/bcn/blocks

Coin Specifications

  • CryptoNight Algorithm
  • Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)
  • 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)
  • Block time: 120 seconds (2 minutes)
  • Difficulty retargets each block

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
– MinerGate
– http://bytecoin.miner.center/
– http://bcn.democats.org/
– http://cryptonight.net/
– cryptmonero.com/bytecoin/

Coin Exchanges:
– HitBTC
– Gateio
– Crex
– Stex

More About the New Scrypt Mining Pools on Ghash.io

13 Mar
2014

ghashio-new-mining-pools

The Ghash.io mining pool that is a part of the CexIO Bitcoin cloud mining service has been silently adding new Scrypt-based pools, starting with a Litecoin (LTC) mining pool in the last few days. The initial addition of LTC pool was a sign of a possible upcoming LTC cloud mining, however after the addition of a DOGE, FTC and AUR pools to the service we no longer consider this to be the case. That and the fact that the account Balance section at CexIO did not get new currencies available hints to another thing.

It seems that the idea of the service is to attract new miners that are using GPUs for mining by adding Scrypt mining pools, miners that would apparently get paid directly in Bitcoins regardless of the Scrypt crypto they are mining. The Ghash.io pool even announced doubled rewards for LiteCoin mining in order to attract more miners, however when the countdown just reached 0 it started to increase, so we are not sure what and how is this going to work. The whole idea here is probably to attract more customers to purchase and trade GHS for cloud mining Bitcoin, but as long as you get an extra bonus why not take advantage of it while it lasts.

Update: it seems that they have fixed the countdown issues, now it says:
Doubled rewards for LiteCoin mining ends in [6 days, 22 hours, 5 minutes, and 53 seconds]

Also we’ve have received our first reward from found block and it was credited to the LTC account in Litecoin at CexIO, but we are not yet sure what is the situation with the other alternative Scrypt coins that already have pools setup and working. There has been an update for the the DOGE, FTC and AUR currency sign in the pools, but the account Balance page still does not have these new crypto currencies available. Note that the CEX and Ghash websites use the same account, so you only need one registration to be able to use them.

– For more information about the Ghash.io mining pool and to try the LTC mining functionality…

New Higher Performance 64-bit Heavycoin CPU Miner Available

13 Mar
2014

new-heavycoin-high-performance-cpu-miner

There is now a new Heavycoin (HVC) cpuminer available compiled for 64-bit systems that offers increased performance with up to about 30% than the previously available miner. This version of the miner has been compiled from the source code of the 1GH pool modified miner, they don’t yet have it available as a binary on their HVC pool. We have tested it and it indeed works better and offers higher performance (depends on the CPU used), so if you are mining the Heavycoin crypto, then you should update your miners. Note that there are some people that claim to have already working GPU miners for HVC, be wary of such people asking you to pay for the miner with crypto as it is most likely a scam! There is currently no GPU miner available for Heavycoin and though it might be possible for such, none is available for the moment at least. Meanwhile you can update your CPU miner to get some extra boost in the hasrate you are already getting from your miners. Also note that the current reward per block for HVC has been increased to 861 for the moment from the previous award of 657 HVC per block, so you will be mining more coins because of that as well.

– Download the 64-bit optimized cpuminer for Heavycoin (HVC) mining on Windows here…

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