It does not say anywhere who created this coin and why. Also how much preminning happened with this coin?
Check here
https://bitcointalk.org/index.php?topic=164569.0Bytecoin was launched with no pre-mining, but almost immediately a guy who goes by Ahmed Bodi from BC, Canada (I think) pointed a big ASIC at the coin. He and his gang scarfed over 100,000 BTE during the first year from startup. He would mine until the difficulty went up, wait till it dropped at the next recalc, mine again and so on. He did this at least half a dozen times, but then seemed to lose interest.
We have had several posters on this thread recently that I suspect are Bodi or one of his associates posing as newbies under different handles.
Difficulty is now down to 264k, so now is a good time to start mining.