[ANN] [BFC] Bitfree Cash | GPU mining | CPoW | Compound Revenue

[NurSie]

BFC

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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

MXC

Wallets

Windows | Linux

Calculation on 13 December 2019

Videocard	Calculation	Coins	Price$	Daily Income$	Ner Income$
588	0.25kh/s	0.49	5.75	2.84	0.96
488	0.25kh/s	0.49	5.75	2.84	1.28
P106	0.54kh/s	1.06	5.75	6.12	4.30
P104	0.9kh/s	1.77	5.75	10.21	8.65
1070	0.75kh/s	1.48	5.75	8.50	6.95
1080ti	1.24kh/s	2.44	5.75	14.06	11.59
2060	0.85kh/s	1.67	5.75	9.64	8.28

 

[NurSie]

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]

BFC has been rated Star of the Week on MXC 18 Dec 2019

[NurSie]

Good coin.

hits $7, recent new high
https://www.mxc.ceo/trade/easy#BFC_USDT

[NurSie]

Traditional mining is dying for now at least
https://coin360.com/  18/12/2019

[NurSie]

Grin offers $1 for mining and BFC $4, quite impressive.

[NurSie]

ETH change PoW to PoS gives BFC high potential as there are over 3m GPU miners globally.

[NurSie]

SELL 8-P104,for $25 ,mining bfc for $0.25/day
6-P106,for $18 ,mining bfc for $0.15/day

[cryptochristo]

Yes please... need  English

[NurSie]

Yes please... need  English

ok, we are doing our best on it. please join us on telegram
https://t.me/bitfree_Cash

[test2ok]

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)"

[NurSie]

On Sell!

6-P106 status: normal  sell:$21 profit: bfc $0.19/day  eth $0.09/day PS: Miner card No VGA&HDMI
8-P104 status: normal  sell:$23 profit: bfc $0.20/day  eth $0.10/day PS: Miner card No VGA&HDMI
6-RX470 status: normal sell:$20 profit: bfc $0.18/day  eth $0.08/day

AL:
Place of origin：Chinese mainland

[NurSie]

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)

[NurSie]

BFC wins 2019 Most Innovative Blockchain Award

[simba]

Where do you obtain the initial BFCs for the mortgage?

[mirny]

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]

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

[NurSie]

Confirmed, the EN duobi.cc is coming!

[vvnbt520]

That's counting six graphics cards
I have information about a single graphics card
GMiner  BFC
NBMiner BFC
p106    85h
1060    85h
p104    135h
1070ti  140h
2060    140h
1080ti  220h
2070    175h
2060s   170h
2070s   220h
2080s   260h
2080TI  280h

https://www.f2pool.com/  Calculating earnings

[NurSie]

on your site it is written that 2060 gives 0.85kh / s - this lies gives about 157H/s !!!

6 cards 2060 give 0.85kh