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Topic: Bitflate (crypto with inflation) Mining - page 3. (Read 1728 times)

member
Activity: 324
Merit: 17
Bitflate developer
February 22, 2020, 12:04:19 AM
#27
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
member
Activity: 324
Merit: 17
Bitflate developer
December 23, 2019, 07:23:45 PM
#26
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)
member
Activity: 324
Merit: 17
Bitflate developer
December 03, 2019, 08:15:08 PM
#25
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)
member
Activity: 324
Merit: 17
Bitflate developer
November 15, 2019, 12:09:45 AM
#24
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)
member
Activity: 324
Merit: 17
Bitflate developer
October 25, 2019, 03:33:24 PM
#23
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
member
Activity: 324
Merit: 17
Bitflate developer
October 23, 2019, 01:43:32 PM
#22
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
member
Activity: 324
Merit: 17
Bitflate developer
October 21, 2019, 01:16:51 AM
#21

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
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
October 19, 2019, 02:29:49 AM
#20
Thanks. I sure need a lot of luck. Smiley

Yes, Bitflate is an experimental coin. I pitch Bitflate as Bitcoin with constant inflation. I think it is a good candidate for a digital native stablecoin. It has a 7% supply inflation after 4 years of halving. By design, Bitflate coin bag will devalue over time. Bitflate is not digital gold. It's not for HODL. Everyone will dump Bitflate at some point. Bitflate is, by common definition, a shitcoin. It is probably the ultimate shitcoin. It is the opposite of Bitcoin. But maybe, this is why it has a chance of succeeding.

Although the chain inflates at 7%, we should be able to compensate depreciation with interest. Bitflate could become a coin for transactions. It's year 2019. I'm trying to fork Bitcoin. Forking has been done so many times and pretty much all failed. I'm aware of this. Running Bitflate has been a humbling experience. But I think cryptocurrency market needs a coin like this. With Bitflate, there's no limited supply, no Austrian Economics, no programmable blockchain, no world computer. Inflation encourages people to spend their coins.

No trick, no gimmick, just plain old Proof of Work cryptocurrency.

You can buy BFL on Unnamed Exchange. Use with caution. https://www.unnamed.exchange/Exchange?market=BFL_BTC

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

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.
member
Activity: 324
Merit: 17
Bitflate developer
October 18, 2019, 12:01:42 AM
#19
Thanks. I sure need a lot of luck. Smiley

Yes, Bitflate is an experimental coin. I pitch Bitflate as Bitcoin with constant inflation. I think it is a good candidate for a digital native stablecoin. It has a 7% supply inflation after 4 years of halving. By design, Bitflate coin bag will devalue over time. Bitflate is not digital gold. It's not for HODL. Everyone will dump Bitflate at some point. Bitflate is, by common definition, a shitcoin. It is probably the ultimate shitcoin. It is the opposite of Bitcoin. But maybe, this is why it has a chance of succeeding.

Although the chain inflates at 7%, we should be able to compensate depreciation with interest. Bitflate could become a coin for transactions. It's year 2019. I'm trying to fork Bitcoin. Forking has been done so many times and pretty much all failed. I'm aware of this. Running Bitflate has been a humbling experience. But I think cryptocurrency market needs a coin like this. With Bitflate, there's no limited supply, no Austrian Economics, no programmable blockchain, no world computer. Inflation encourages people to spend their coins.

No trick, no gimmick, just plain old Proof of Work cryptocurrency.

You can buy BFL on Unnamed Exchange. Use with caution. https://www.unnamed.exchange/Exchange?market=BFL_BTC

Join our discord community: https://discord.gg/utnEyp8
legendary
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
October 17, 2019, 11:39:54 AM
#18
this one never got too far hey? not a single buy order on unnamed.exchange Sad 
kinda feels like just a fun experimental coin anyways Smiley
Good Luck in the future!



member
Activity: 324
Merit: 17
Bitflate developer
October 16, 2019, 05:55:48 PM
#17
Mining update:

Block: 45.3k.
Coin supply: 2.26 million.

https://explorer.bitflate.org/

Bitflate (BFL) is now trading on Unnamed Exchange. Use with caution.

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

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

Onwards. Smiley
member
Activity: 324
Merit: 17
Bitflate developer
October 11, 2019, 07:01:41 PM
#16
I've written a new article about crypto with inflation.

The Next Big Thing in Crypto: Using Inflation to Create Stablecoin

https://bitflate.org/post/2019/10/10/the-next-big-thing-in-crypto-using-inflation-to-create-stablecoin.html

Bitflate is now trading on Unnamed Exchange.

https://www.unnamed.exchange/Exchange?market=BFL_BTC
member
Activity: 324
Merit: 17
Bitflate developer
September 03, 2019, 03:04:58 PM
#14
Update: we just passed 2 million coins. I'm excited about this milestone.

The coins are getting distributed into many wallets. We want to increase decentralization.

https://explorer.bitflate.org/richlist

Reminder: Bitflate mining 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
member
Activity: 324
Merit: 17
Bitflate developer
August 31, 2019, 12:08:05 PM
#13
Recent price decrease seems to drop hashrates everywhere. Good time for mining.  Smiley

Bitflate difficulty: 985k (down from 1.2 million).
Coin supply: 1.9 million.
Block number: 38402.

Reminder: Bitflate mining 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
member
Activity: 324
Merit: 17
Bitflate developer
August 29, 2019, 05:52:25 PM
#12
I posted a discussion in Bitcoin Discussion to make the case for Bitflate. See the discussion here:

https://bitcointalksearch.org/topic/bitcoins-missing-link-to-the-world-5179448

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

Update: current block 37,776. Coin supply: 1,888,850.
member
Activity: 324
Merit: 17
Bitflate developer
August 23, 2019, 11:00:49 AM
#11
It came to our attention that previous software builds didn't enable SegWit properly. I fixed the issue and rebuilt v0.18.1. You can download it here:

https://github.com/bitflate/bitflate/releases/tag/v0.18.1

We're now at block 29510. SegWit is enabled since block 28224.

https://explorer.bitflate.org/
member
Activity: 324
Merit: 17
Bitflate developer
August 16, 2019, 11:38:15 AM
#10
One day: we're at block 22693 and 1.1 million coins now. Looks like some professional miners are acquiring Bitflate coins. They slowly push up hashrate and mine lots of coins. We're at 548 GH/s and 1461 difficulty. I hope the chain is not under attack. I don't see anything irregular. If someone notices anything, please let me know.
member
Activity: 324
Merit: 17
Bitflate developer
August 15, 2019, 10:10:25 AM
#9
Bitflate chain has grown quick. We're at block 17k with 16 addresses now. Thanks everyone!

Reminder: reward gets halving 4 times before inflation. The system rewards early miners with more coins.
member
Activity: 324
Merit: 17
Bitflate developer
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