Bytecent
BYC

0.005571
0.00 %
24 uur %
Genesis
09/11/2014
Marktkapitalisatie
€ 16,430
24 uur volume
€ 0
Aantal Beschikbaar
2,948,940
Totale Voorraad
33,000,000
BYC
Beschrijving
Bytecent employs a CPU friendly Proof of Work algorithm that verifies prime numbers. It works by locating dense clusters of prime numbers beginning at a number n, where there are six consecutive prime numbers: n, n+4, n+6, n+10, n+12, and n+16. To decipher a block, there is hashing of the block contents to generate a target number. The objective is to locate a prime chain within a particular numerical space greater than the target number. Unlike with other cryptocurrencies that employ similar algorithms, our motivation is not to break any world records in finding prime numbers. We are utilizing this method of mining to make CPU mining more attainable while eliminating the use of GPU & ASIC miners. Proof of Miner is an innovative mining system that employs captcha technology to limit mining abuses while keeping the mining process tangible. POM requires miners to enter a human readable captcha code every sixty minutes to maintain the mining process without interruption. Mining time can be extended without entering the captcha code by storing x amount of coins in the local wallet. For example, if 25 Bytecents are required to extend mining time for one hour, a miner will need a total of 600 Bytecents stored in his/her local wallet to extend mining time for a total of 24 hours. Coins utilized for mining can be used anytime and are not locked from being spent like with Proof of Stake coins. The number of coins required to extend mining time is based on numerous factors including current price, total volume, and demand.
OXU.nl maakt gebruik van cookies.

Door deze melding te sluiten of door gebruik te blijven maken van OXU.nl, ga je hiermee akkoord. We plaatsen functionele en analytische cookies voor een optimale gebruikservaring en we plaatsen personalisatie en advertentie cookies om jou relevante content en advertenties te kunnen tonen. Meer informatie over cookies op deze website vind je in ons cookiebeleid en privacyverklaring.