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Topic: Bitflate (crypto with inflation) Mining - page 2. (Read 1731 times)

member
Activity: 210
Merit: 10
Sovryn - Brings DeFi to Bitcoin
January 12, 2021, 02:21:45 AM
#47
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.
member
Activity: 324
Merit: 17
Bitflate developer
January 11, 2021, 05:09:54 PM
#46
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.
member
Activity: 324
Merit: 17
Bitflate developer
October 05, 2020, 08:09:37 PM
#45
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.
member
Activity: 324
Merit: 17
Bitflate developer
September 23, 2020, 05:24:40 PM
#44
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. Smiley
hero member
Activity: 2100
Merit: 562
September 22, 2020, 06:09:54 AM
#43
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.  Wink  Cheesy

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.
member
Activity: 324
Merit: 17
Bitflate developer
September 21, 2020, 06:28:08 PM
#42
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.  Wink  Cheesy

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.
hero member
Activity: 2100
Merit: 562
September 19, 2020, 08:04:05 AM
#41
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.  Wink  Cheesy
member
Activity: 324
Merit: 17
Bitflate developer
September 14, 2020, 01:16:28 PM
#40
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.
member
Activity: 324
Merit: 17
Bitflate developer
August 26, 2020, 12:19:57 PM
#39
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.
member
Activity: 324
Merit: 17
Bitflate developer
August 02, 2020, 12:39:48 AM
#38
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/
hero member
Activity: 2100
Merit: 562
August 01, 2020, 02:57:52 AM
#37
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.
member
Activity: 324
Merit: 17
Bitflate developer
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.
member
Activity: 324
Merit: 17
Bitflate developer
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
member
Activity: 324
Merit: 17
Bitflate developer
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.
member
Activity: 324
Merit: 17
Bitflate developer
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.
member
Activity: 324
Merit: 17
Bitflate developer
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
member
Activity: 324
Merit: 17
Bitflate developer
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
member
Activity: 324
Merit: 17
Bitflate developer
April 24, 2020, 01:37:32 PM
#30
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
member
Activity: 324
Merit: 17
Bitflate developer
March 27, 2020, 05:35:09 PM
#29
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
member
Activity: 324
Merit: 17
Bitflate developer
March 16, 2020, 04:56:25 PM
#28
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)
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