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Author Topic: [ANN] [BFC] Bitfree Cash | GPU mining | CPoW | Compound Revenue  (Read 1266 times)
NurSie
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December 14, 2019, 08:45:01 AM
Last edit: January 10, 2020, 03:28:25 AM by NurSie
 #1

BFC






Feasures

Summary
                                                                             BFC is a new cryptocurrency based on the improved Cuckaroo29 Search algorithm, which can effectively
                                                                resist ASIC and avoid the concentration of computing power. BFC also adopts CPoW mining mechanism, which
                                                                limits the mining participation entry. Through this mechanism, it could effectively avoid the power monopoly, reduce
                                                                the amount of digital currency flowing into the market and increase the income of miners. There is no longer
                                                                ompetition between minors, but cooperation, which makes BFC more secure and trustworthy to stimulate the
                                                                sustained growth in quotations. Also, commercial mortgage application applies in commercial lending scenarios,
                                                                such as banknotes, credit loans, leasing services, credit guarantees, risk control, and many other commercial areas.
                                                                CPoWis based on the PoW mining mechanism with specific conditions requirements. As for BFC, to start
                                                                mining, pre-store a certain amount of BFC in the wallet is necessary. Currently, per 1K calculation power, pre-storing
                                                                300 BFC is needed to obtain 100% revenue. Otherwise, only 30% of the mining revenue can be earned. Whitepaper


Unique advantages

                                                                  1. There are over 3 million GPU mining rigs worldwide. ETH will upgrade from PoW to PoS in 2020, which will cause a
                                                       large number of graphics cards to be idle. BFC will certainly occupy a large graphics card market share. With one
                                                       mining rigs mortgages 150 BFC coins, the BFC will continue a bullish market.
                                                   2. Mortgage mode effectively reduces the market circulation rate and inhabits computing power monopoly, which makes
                                                       BFC a long market, the more we mining, the higher the price.
                                                   3. BFC strengthens the consensus among miners that miners should build a  win-win relationship instead of vicious competition.
                                                       BFC mortgage mining mechanism enhances miners' holding cycle and prevents malicious trading. The mortgage mining
                                                       mechanism of BFC can effectively restrain the price drop caused by excessive circulation
                                                   4. BFC is a new encrypted currency based on the Cuckaroo29 algorithm, which effectively resists ASIC. Compared with traditional
                                                       POW mining, BFC can effectively restrain the excessive growth of computing power.


Release details

                                                                                                        Total supply: 21 million pieces
                                                                                                        Miners: 17.85 million pieces
                                                                                                        Development team: pre-digging 2.1 million pieces, one-time block
                                                                                                        Foundation and advertising team: 1.05 million, unlocked in proportion to each block of mining
                                                                                                        Block size: limited to 8M
                                                                                                        Initialization reward: 25 BFC
                                                                                                        Mining difficulty: adjusted block by block
                                                                                                        Difficulty adjusted: every 4032 block, about 2 weeks
                                                                                                        Half-cycle: about 4 years



Mining rules

                                                       1. When mining, the BF must be mortgaged according to the size of calculation in order to obtain 100% of the income,
                                              otherwise only 30% of the income can be obtained, and the remaining 70% will be transferred directly to the foundation
                                          2. Mortgage strategy (300 BFC per 1K computing power)
                                          3. When the computing power of the whole network reaches a threshold, the difficulty of mortgage will be reduced to reach the dynamic
                                              mortgage. Currently, 6M computing power triggers dynamic mortgage, adjusted every two weeks.
                                          4. Weekly bare mining revenue ratio is reduced by 1% until the bare mining revenue ratio reaches 5%.



Mining
Miners: Gminer | NBminer
Leasing System: Doubi    
PoolStats: MiningPoolStats        
Mining Pools: bfcpool | f2pool | uupool | 666pool
                                    

Mining Tutorial: https://blog.f2pool.com/en/mining-tutorial-en/bfc_en
Mortgage & Redumption Tutorial: https://blog.f2pool.com/en/mining-tutorial-en/bfc2_en


Exchanges


Wallets


Calculation on 13 December 2019
VideocardCalculationCoins Price$Daily Income$Ner Income$
5880.25kh/s0.495.752.84 0.96
4880.25kh/s0.495.752.841.28
P1060.54kh/s1.065.756.124.30
P1040.9kh/s1.775.7510.218.65
10700.75kh/s1.485.758.506.95
1080ti1.24kh/s2.445.7514.0611.59
20600.85kh/s1.675.759.648.28





 

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NurSie
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December 16, 2019, 06:07:45 AM
 #2

the conditional PoW is attracting more and more miners, great potential
NurSie
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December 17, 2019, 12:34:54 PM
 #3

The magic of BFC mortgage mining, an investor's story:
On 31 October, $4.1 bought 10000 BFC, and immediately started mortgage mining;
Starting on 2 November, mining 80BFC daily;
On 2 November, bought another 1690BFC at $4.50, and immediately mortgaged;
On 4 November, minging 100BFC daily;
On 10 November, 4842 BFC was purchased at $4.85, mortgaged, mining 130-160 BFC daily and REINVESTED daily;
On 13 December, 18,356 BFC were released.

to sum up:
Total purchases: 16,532, average $ 4.2, 5600 mining
Total cost: $ 3.14,
Current price $ 6.7
1.5 MONTHS, ASSET DOUBLED
NurSie
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December 18, 2019, 02:52:47 AM
 #4

BFC has been rated Star of the Week on MXC 18 Dec 2019
zhaoanjun
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December 18, 2019, 05:55:25 AM
 #5

Good coin.
NurSie
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December 18, 2019, 07:18:31 AM
 #6

Good coin.
hits $7, recent new high
https://www.mxc.ceo/trade/easy#BFC_USDT
NurSie
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December 18, 2019, 12:30:59 PM
 #7

Traditional mining is dying for now at least
https://coin360.com/  18/12/2019
NurSie
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December 19, 2019, 02:58:39 AM
 #8

Grin offers $1 for mining and BFC $4, quite impressive.
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December 19, 2019, 12:00:28 PM
 #9

ETH change PoW to PoS gives BFC high potential as there are over 3m GPU miners globally.
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December 20, 2019, 12:30:10 PM
 #10

BFC team created an official channel where miners and investors could cooperate, basically, a place where miners rent BFC from investors and split revenue on a certain proportion. Only Chinese version now, do you guys need English one now?
https://www.duobi.cc/
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December 20, 2019, 02:26:08 PM
 #11

Yes please... need  English
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December 21, 2019, 02:32:51 AM
 #12

Yes please... need  English
ok, we are doing our best on it. please join us on telegram
https://t.me/bitfree_Cash
test2ok
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December 21, 2019, 07:00:50 AM
 #13

The miner software is not even open source...

The translation doesn't make sense too. 300 BFC/1k is proportional.

"Mortgage strategy (300 BFC per 1K computing power, the higher computing power, the fewer mortgages are required)"
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December 21, 2019, 08:43:38 AM
 #14

Come to our new group  where members with more than 300BFCs
send me a screenshot to prove your coins(pool screenshot or exchange screenshot or others that could prove)

Join this tele first and pm me
https://t.me/bitfree_Cash
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December 21, 2019, 08:50:45 AM
 #15

The miner software is not even open source...

The translation doesn't make sense too. 300 BFC/1k is proportional.

"Mortgage strategy (300 BFC per 1K computing power, the higher computing power, the fewer mortgages are required)"
sorry for the misleading, current mortgage 300 BFC for every 1k computing power.
once overall computing power reach 6m, the demanding mortgage BFC will decrease(we forecast in approximately 2months from now will reach 6m)
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December 23, 2019, 03:02:46 AM
 #16

BFC wins 2019 Most Innovative Blockchain Award
simba
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December 23, 2019, 02:36:36 PM
 #17

Where do you obtain the initial BFCs for the mortgage?
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December 23, 2019, 04:17:05 PM
 #18

The miner software is not even open source...

The translation doesn't make sense too. 300 BFC/1k is proportional.

"Mortgage strategy (300 BFC per 1K computing power, the higher computing power, the fewer mortgages are required)"
sorry for the misleading, current mortgage 300 BFC for every 1k computing power.
once overall computing power reach 6m, the demanding mortgage BFC will decrease(we forecast in approximately 2months from now will reach 6m)

6m of what?
NurSie
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December 25, 2019, 02:22:46 AM
 #19

The miner software is not even open source...

The translation doesn't make sense too. 300 BFC/1k is proportional.

"Mortgage strategy (300 BFC per 1K computing power, the higher computing power, the fewer mortgages are required)"
sorry for the misleading, current mortgage 300 BFC for every 1k computing power.
once overall computing power reach 6m, the demanding mortgage BFC will decrease(we forecast in approximately 2months from now will reach 6m)

6m of what?
6 MH / s hashrate
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December 25, 2019, 07:39:56 AM
 #20

Confirmed, the EN duobi.cc is coming!
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