Bitflate (crypto with inflation) Mining

[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.

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/

Thanks for your answer, my last question is, how do we get this coin? Is this fork can get via ICO? or we can able mine this like other btc fork out there? I'm also a follower of one fork of btc, the Bitcoin 2 and I have running a masternode for it. Is this coin is POS/MN? lots of question.   

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[dnprock]

Thanks for your answer, my last question is, how do we get this coin? Is this fork can get via ICO? or we can able mine this like other btc fork out there? I'm also a follower of one fork of btc, the Bitcoin 2 and I have running a masternode for it. Is this coin is POS/MN? lots of question.   

Thanks for the interest. Bitflate is a proof-of-work coin. You can mine it using mining-dutch.nl or cminors pools.

https://www.mining-dutch.nl/
https://bitflate.cminors-pool.com/

I mine the coins by renting rigs on https://www.miningrigrentals.com/.

You can also buy BFL coins on Unnamed Exchange.

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

As always, proceed with caution and do your own research.

[john1010]

Thanks for your answer, my last question is, how do we get this coin? Is this fork can get via ICO? or we can able mine this like other btc fork out there? I'm also a follower of one fork of btc, the Bitcoin 2 and I have running a masternode for it. Is this coin is POS/MN? lots of question.   

Thanks for the interest. Bitflate is a proof-of-work coin. You can mine it using mining-dutch.nl or cminors pools.

https://www.mining-dutch.nl/
https://bitflate.cminors-pool.com/

I mine the coins by renting rigs on https://www.miningrigrentals.com/.

You can also buy BFL coins on Unnamed Exchange.

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

As always, proceed with caution and do your own research.

Do you have miner recommendation for best result? or is this pool recommended a best miner for gpu in their website? Anyway thanks for your info, I would like to try to mine this coin and see if it is profitable or will become profitable soon.

[dnprock]

Do you have miner recommendation for best result? or is this pool recommended a best miner for gpu in their website? Anyway thanks for your info, I would like to try to mine this coin and see if it is profitable or will become profitable soon.

I use SHA256 and SHA256 asicboost rigs on miningrigrentals.com. I mine with both cminors and mining-dutch pools. I try to support both pools because they support Bitflate. I like cminors UI. It's faster. But mining-dutch is a bigger pool with longer history. I did hit some problems with payouts before. So check your payouts.

Bitflate's thesis is that we need to have inflation for transactions. Bitcoin is deflationary. Bitflate is inflationary. I think Bitflate's success depends on when people will accept this thesis. As far as I see, most people in crypto reject inflation. They think it's evil and Bitcoin is the final form of money. It can take a while for people to rethink their views of inflation. In the meantime, early Bitflate adopters can mine bigger block rewards.

[dnprock]

The Bitflate blockchain has reached 180k blocks!

Block: 180k
Supply: 9 million

180k block:
https://explorer.bitflate.org/block/000000000000070477546e34b992c8c3ed0373ff1b6ada00d8fd7da083e23853

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 passed 190k blocks!

Block: 190k
Supply: 9.5 million

190k block:
https://explorer.bitflate.org/block/00000000000000e1b4f51dff867b11212b3c101af7950e031dbc2e7fa4510250

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.

[Claudio99]

I posted a guide to simple mining setup for Bitflate, a cryptocurrency with inflation.

https://bitflate.github.io/post/2019/07/21/bitflate-solo-mining-with-gekkoscience-newpac-usb.html

If you need a pool for mining, you can use mining-dutch pool. See mining pool instruction here:

https://www.mining-dutch.nl/

Come mine this coin. The coin supply starts to inflate after 4 years. But it rewards early adopters with more coins.

First 10 halvings' rewards:

0: 50
1: 25
2: 12.5
3: 6.25 (end of halving)
4: 6.65 (start of inflation 7%)
5: 7.02
6: 7.51
7: 8.04
8: 8.60
9: 9.20
10: 9.85

Block explorer: https://explorer.bitflate.org

Here we go again, so all what this bitflate can do is inflation and POW? I'm guessing this is another hit and run crypto project, this project add no solution to crypto projects but add more problem to crypto space because such project have no real use case, miners I hope you guys are smart, I spent over a year mining coins like this and they died before I was even able to sell them.

[miner29]

So you have a coin using sha-256 same algo as btc....

So what keeps a big btc farm from pointing its hash power at this coin and 51% attacking it?  Correction what keeps anyone with a single S9 from owning the network (worthless as it is).

I mean i know this coin is in no danger becuase to be honest the market cap is pitiful literally has no ranking (so not in top 5000 couns) and no clear market price.  The exchange listed is not exactly anything...the exhanges total volume of all coins traded in 24hrs is less than $5000 TOTAL. 

Total value of bitflate coin 24hrs.... $32...total...worldwide.  And it appears that data is probably inflated.

Total miners on the NL pool ZERO
Total miners on the cminers pool ..... 2

So total 2 miners.  And they havent found a block since 12/25.

[dnprock]

Here we go again, so all what this bitflate can do is inflation and POW? I'm guessing this is another hit and run crypto project, this project add no solution to crypto projects but add more problem to crypto space because such project have no real use case, miners I hope you guys are smart, I spent over a year mining coins like this and they died before I was even able to sell them.

How does Bitcoin address the Medium of Exchange use-case? I think the answer is it can't. A money system consists of a Store of Value and a Medium of Exchange. An example is the Gold Standard. It consists of gold (deflationary) and paper money (inflationary). We need an inflationary crypto to make a crypto money system. That is the purpose of Bitflate.

Check out Bitflate website for more information:

https://bitflate.org/

[dnprock]

So you have a coin using sha-256 same algo as btc....

So what keeps a big btc farm from pointing its hash power at this coin and 51% attacking it?  Correction what keeps anyone with a single S9 from owning the network (worthless as it is).

I mean i know this coin is in no danger becuase to be honest the market cap is pitiful literally has no ranking (so not in top 5000 couns) and no clear market price.  The exchange listed is not exactly anything...the exhanges total volume of all coins traded in 24hrs is less than $5000 TOTAL. 

Total value of bitflate coin 24hrs.... $32...total...worldwide.  And it appears that data is probably inflated.

Total miners on the NL pool ZERO
Total miners on the cminers pool ..... 2

So total 2 miners.  And they havent found a block since 12/25.

Bitflate is an experimental coin. I don't think anyone bothers to attack it. They will only help the community pushing blocks. Changing the mining algorithm won't prevent attacks.

Why should Bitflate exist? Because we need to find a way to address the Medium of Exchange use-case. Check out the website for more information:

https://bitflate.org/

[miner29]

Call it what ever you want.  It is garbage.  Nothing new except you changed emission rate ....as stated on the website.  So no real code no real innovation,  We changed emissions....when there are literally thousands of real coins already out there....Some with real experiments and not just sad little me too copy boys behind it.  You list an exchange but there is no volume and no market for this coin.  Even if you mine it...it has no value.  Thats where your whole idea falls apart.  If people dont value it....it has no value. 

You are same as several trying to ride the bull market to your wet dream.  But nobody values what you are doing because honestly its not even your work.  Its bitcoins bitcore.  And the value goes to there not to you. 

[dnprock]

Call it what ever you want.  It is garbage.  Nothing new except you changed emission rate ....as stated on the website.  So no real code no real innovation,  We changed emissions....when there are literally thousands of real coins already out there....Some with real experiments and not just sad little me too copy boys behind it.  You list an exchange but there is no volume and no market for this coin.  Even if you mine it...it has no value.  Thats where your whole idea falls apart.  If people dont value it....it has no value.  

You are same as several trying to ride the bull market to your wet dream.  But nobody values what you are doing because honestly its not even your work.  Its bitcoins bitcore.  And the value goes to there not to you.  

The idea of Bitflate is to find a way to introduce inflation into crypto. Existing coins have limited supplies. The economic incentives are the same. You hold a bag of coins. The community pumps and dumps. Technology-focused coins, like Ethereum, claim to have better technology than Bitcoin. But it has the same economic incentives. I think this is why the whole market behaves the same way. Everyone pumps and dumps.

Many coins have tried to sell "new tech" value proposition. I don't think they have added much. I think inflation can unlock the Medium of Exchange use-case. Bitflate has a moderately high inflation rate, 7% per year. That makes it distinctive from the rest of the market. Bitcoin is a good model for making cryptocurrency. Bitflate is not about a new crypto technology. It's an experiment with economic incentives.

Bitflate is a shitcoin. Its supply will inflate to make a lot of coins. Many coins have failed to compete with the digital gold narrative of Bitcoin. Bitflate has a different narrative. It's the ultimate shitcoin. There'll be a lot of coins. We can make something useful out of it. Maybe, it'll be the digital fertilizer.

[miner29]

Call it what ever you want.  It is garbage.  Nothing new except you changed emission rate ....as stated on the website.  So no real code no real innovation,  We changed emissions....when there are literally thousands of real coins already out there....Some with real experiments and not just sad little me too copy boys behind it.  You list an exchange but there is no volume and no market for this coin.  Even if you mine it...it has no value.  Thats where your whole idea falls apart.  If people dont value it....it has no value.  

You are same as several trying to ride the bull market to your wet dream.  But nobody values what you are doing because honestly its not even your work.  Its bitcoins bitcore.  And the value goes to there not to you.  

The idea of Bitflate is to find a way to introduce inflation into crypto. Existing coins have limited supplies. The economic incentives are the same. You hold a bag of coins. The community pumps and dumps. Technology-focused coins, like Ethereum, claim to have better technology than Bitcoin. But it has the same economic incentives. I think this is why the whole market behaves the same way. Everyone pumps and dumps.

Many coins have tried to sell "new tech" value proposition. I don't think they have added much. I think inflation can unlock the Medium of Exchange use-case. Bitflate has a moderately high inflation rate, 7% per year. That makes it distinctive from the rest of the market. Bitcoin is a good model for making cryptocurrency. Bitflate is not about a new crypto technology. It's an experiment with economic incentives.

Eth has no limit on supply.
Grin has no limit on supply.

Nothing you have offered is not already covered.   

You have almost no real info on the website.  Everything you have to say about this is covered in the first post you made.  The chart of emission makes it clear.  The deafening silence (no market / no miners) with it being around since 2019.  The complete lack of development on its github.  Its dead ...quit beating it.

[dnprock]

Eth has no limit on supply.
Grin has no limit on supply.

Nothing you have offered is not already covered.   

You have almost no real info on the website.  Everything you have to say about this is covered in the first post you made.  The chart of emission makes it clear.  The deafening silence (no market / no miners) with it being around since 2019.  The complete lack of development on its github.  Its dead ...quit beating it.

ETH, Grin, Doge have constant tail emissions. The constant emission will be smaller and smaller relative to the circulating supply. It's the same as Bitcoin.

[miner29]

Eth has no limit on supply.
Grin has no limit on supply.

Nothing you have offered is not already covered.   

You have almost no real info on the website.  Everything you have to say about this is covered in the first post you made.  The chart of emission makes it clear.  The deafening silence (no market / no miners) with it being around since 2019.  The complete lack of development on its github.  Its dead ...quit beating it.

ETH, Grin, Doge have constant tail emissions. The constant emission will be smaller and smaller relative to the circulating supply. It's the same as Bitcoin.

Here is Bitflates metrics:

https://www.coingecko.com/en/coins/bitflate

2 years in and thats all its done....nothing.  Same as the github shows.   

[dnprock]

Hi everyone,

We have a new release for the Bitflate Core client, v0.20.2. This is a required upgrade. In this version, we changed the pchMessageStart parameter. This change prevents Bitflate clients from connecting to Bitcoin clients. But it also prevents connection to older Bitflate clients. Please upgrade your client to get new blocks. Instructions for upgrade.

https://bitflate.org/post/2021/01/24/bitflate-binaries-v0.20.2.html

[bitflate]

Hi miners,

We released the Bitflate Whitepaper. In this paper, we describe:

- Why the market needs an inflationary cryptocurrency.
- Design of Bitflate.
- Design of an Elastic Monetary System.
- How this system can achieve Digital Cash.

https://bitflate.org/bitflate.pdf

[bitflate]

I came across a Twitter thread about Bitcoin's volatility. It's worth reading through it and the responses. Most bitcoiners are still disillusioned about volatility. They think Bitcoin's price will stabilize at "some" point in the future. But it's likely that Bitcoin's volatility is inherent. The fix for it is inflation. That's why we need Bitflate.

https://twitter.com/jp_koning/status/1371497062299230219

"The price of bitcoin is inherently volatile." @jp_koning

Come mine some Bitflate coins. 

[bitflate]

The Bitflate blockchain has passed 200k blocks!

Block: 200k
Supply: 10 million

200k block:
https://explorer.bitflate.org/block/0000000000000231684611e46e5b3fc5cefd92234a7c6100b3b6d52d9c28b2ac

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.

[ir.hn]

Only 2 weeks left to mine at max block reward, halving soon! Get in on Mining Dutch SHA-256 mining.