Bitflate (crypto with inflation) Mining

[dnprock]

I think that you are doing a good job but you need more widespread for your coins and let me tell you a very easy way to reach more people,start a signature campaign and pay participants by Bitcoin (equal in Bitflate) so if you pay Full Members 0.002 btc weekly you will pay them the equivalent in bitflate.The reason I say to pay in Bitcoin equivalent is to get more people to join your signature.

This is a good project but alone you can’t go very far no matter how good you are.

Thanks for the suggestion. Running a decentralized blockchain makes me realize how little we can control the world. I made the software, started the chain. But I only have a minor amount of the coin supply. Miners and others are holding most of the coin supply. It's difficult to align incentives. So far, I have been able to ask for donation for exchange listing fees. Currently, I see some miners want to sell their coins at good price (> 10 sats per BFL coin). There may be a way to get them to pay you BFL coins in exchange for signature.

Feel free to join Bitflate Discord channel to advertise your service: https://discord.gg/utnEyp8

[1715206567]

1715206567

[dnprock]

Bitflate mining update. We've reached 50k blocks!

Block: 50k.
Coin supply: 2.5 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

[dnprock]

Mining update.

Since last update, difficulty went up a lot, from 700K to 2.3M.

Block: 52.7k.
Coin supply: 2.6 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8

[dnprock]

Hi everyone,

Mining update: Bitflate just passed 60k blocks and 3 million coins in circulation.

Block: 60k
Supply: 3 million

60k block here:
https://explorer.bitflate.org/block/00000000000005b50a37e94459ce8be093b8459e4cf26e8aed3baecc02a4549e

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

[dnprock]

Hi everyone,

Mining update: Bitflate just passed 70k blocks and 3.5 million coins in circulation.

Block: 70k
Supply: 3.5 million

70k block here:
https://explorer.bitflate.org/block/00000000000005fe0653cf7b41e38160dde2134c1c2fccd3a02a5cf6f9f1b9cf

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

[dnprock]

Mining update: Bitflate just passed 80k blocks and 4 million coins in circulation.

Block: 80k
Supply: 4 million
Difficulty: 5M

80k block here:
https://explorer.bitflate.org/block/00000000000007f7709693f82eb7ef89cb5a11b200aab7ddb3cb2432fed91d6a

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

[dnprock]

There's an opinion article on Bloomberg. It makes the case for adding inflation to cryptocurrency. Check out the Bitflate experiment. I think people will realize the usefulness of Bitflate.

https://www.bloomberg.com/opinion/articles/2020-02-21/bitcoin-s-future-as-real-currency-like-dollar-relies-on-inflation

[dnprock]

Mining update.

We passed 90k blocks!

This crypto and equity crash shows the need for a crypto for transactions. Existing blockchains with capped supply are very volatile. DAI stablecoin is failing under volatility. I believe that our best shot of making a digital native stablecoin is Bitflate.

Everything is crashing, Bitflate is marching forward. Smiley

Block: 90k
Supply: 4.5 million
Difficulty: 5M

90k block here:
https://explorer.bitflate.org/block/00000000000001b106a5ace1c4dc661fa8f0e775f591c4c54ab04898209fa76c

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (10 million)
1: 25 (15 million)
2: 12.5
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

[dnprock]

I've created a new release for Bitflate Core client v0.19.0.1. See release details here:

https://bitflate.org/post/2020/03/27/bitflate-binaries-v0.19.0.1.html

[dnprock]

The Bitflate blockchain has reached 100k blocks!

Block: 100k
Supply: 5 million

100k block:
https://explorer.bitflate.org/block/00000000000001e34e2bfd8eaed52bbff3e81b6340bb350594f7d3aaad1ac1b2

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[dnprock]

Mining Update. The Bitflate blockchain has reached 110k blocks!

Block: 110k
Supply: 5.5 million

110k block:
https://explorer.bitflate.org/block/0000000000000917d93fd5e883bd53c2be045c084fd98e8f6aa0acb1fd7240fd

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[dnprock]

Mining Update. The Bitflate blockchain has reached 120k blocks!

Block: 120k
Supply: 6 million

120k block:
https://explorer.bitflate.org/block/00000000000001fe6f9fd500d2d83313656c98f643b3f9bf16c7473b6630298b

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters. Still plenty of time to get coins before we reach 10 million coins.

0: 50 (~10 million)
1: 25 (~15 million)
2: 12.5 (~18 million)
3: 6.25 (end of halving)
4: 6.56 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85 (30 million)

We will not see the 50-coin block reward in more than 30 years.

I modeled the reward schedule in this sheet: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0

[dnprock]

Mining Update. The Bitflate blockchain has reached 130k blocks!

Block: 130k
Supply: 6.5 million

130k block:
https://explorer.bitflate.org/block/0000000000000433e27d4f4798ac36cf7be34d4896ad05c36db15ee791e956c0

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

The Bitflate blockchain has reached 140k blocks!

Block: 140k
Supply: 7 million

140k block:
https://explorer.bitflate.org/block/000000000000006db9b8274bc5a78269be6fd33755b6770eed99ff918ba6a9e3

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

Hi Bitflate users,

There's a new release of Bitflate Core client v0.20.0. You can download and upgrade your client here:

https://bitflate.org/post/2020/07/25/bitflate-binaries-v0.20.0.html

[dnprock]

The Bitflate blockchain has reached 150k blocks!

Block: 150k
Supply: 7.5 million

150k block:
https://explorer.bitflate.org/block/000000000000010393918248c58261b575e3729ff3404975ff1347e32b437981

Reminder: Bitflate reward will halve from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[john1010]

Seems the OP has a consistent spirit in promoting this coin? miner? i have no idea what was you are promoting here, if your coin, I ask that you put more information regarding your coin and also if you are promoting a miner same question i just want to ask, kindly post a full details here.

[dnprock]

Seems the OP has a consistent spirit in promoting this coin? miner? i have no idea what was you are promoting here, if your coin, I ask that you put more information regarding your coin and also if you are promoting a miner same question i just want to ask, kindly post a full details here.

Thanks for your interest. I'm the Bitflate developer. Bitflate is a Bitcoin fork. It works the same way as Bitcoin. Except, it'll have a perpetual 7% supply inflation after the 3rd halving. The goal of Bitflate is to enable the transaction use case of crypto. We have a small community of miners and coin holders. You can find more information about Bitflate on our website.

https://bitflate.org/

[dnprock]

The Bitflate blockchain has reached 160k blocks!

Block: 160k
Supply: 8 million

160k block:
https://explorer.bitflate.org/block/0000000000000339f3472b5646cbf5690d34ab5fbe82fcf3a55d0c3d6119708f

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.

[dnprock]

The Bitflate blockchain has reached 170k blocks!

Block: 170k
Supply: 8.5 million

170k block:
https://explorer.bitflate.org/block/000000000000078017e9f032630854fd34d2c84b8c25d997c34cd7c266df9a75

Reminder: Bitflate is a crypto with 7% inflation. But for the first 3 epochs, rewards will halve. The first halving is from 50 to 25 at 210k blocks (~10 million coins). It is designed to give more coins to early adopters.