Bytecoin has been mined for almost two years in secret, something like 80% of all coin has already been released.

Because Bytecoin's technology through CryptoNote is too important for the world for such a pre-mine, Bytecoin was forked into a coin that the community could participate in from day one.

That coin is Monero.

Also the community has decided, Monero's hashrate is around 8 times that of Bytecoin.