"To ensure the safety of user assets, we have taken emergency measures and have suspended Multichain’s co-mint privileges. Our monitoring currently shows no loss of assets, and that the ecosystem is operating normally.
If you need to perform cross-chain operations, we suggest that you choose other available infrastructure such as Shuttleflow 6 , Cbridge 7, Meson 4, etc. You can visit Confluxhub 8 where we will provide you with the necessary guidance and support to ensure the smooth transfer of your assets."
https://forum.conflux.fun/t/announcement-temporary-suspension-of-multichains-co-mint-privileges-and-available-cross-chain-infrastructure-options/18726
Topic: Conflux Changes Mining Algorithm to Ethash #PoW (Read 721 times)
Round 1 On-chain DAO voting results will be activated soon, PoW basic reward will be adjusted from 2 CFX to 1 CFX
According to the results of Round 1 On-chain DAO voting: PoW basic reward for one block will be adjusted from 2 CFX to 1 CFX; the PoS basic inflation rate will be adjusted from 4% to 4.08%.
According to CIP-94 (On-chain DAO Vote for Chain Parameters 76 ), it will be activated on Block Number 154536000 (expected at 20:00 (GMT+8) on 22 February 2023, see the specific time:
https://confluxscan.io/block-countdown/154536000
https://forum.conflux.fun/t/announcement-round-1-on-chain-dao-voting-results-will-be-activated-soon-pow-basic-reward-will-be-adjusted-from-2-cfx-to-1-cfx/17699
According to the results of Round 1 On-chain DAO voting: PoW basic reward for one block will be adjusted from 2 CFX to 1 CFX; the PoS basic inflation rate will be adjusted from 4% to 4.08%.
According to CIP-94 (On-chain DAO Vote for Chain Parameters 76 ), it will be activated on Block Number 154536000 (expected at 20:00 (GMT+8) on 22 February 2023, see the specific time:
https://confluxscan.io/block-countdown/154536000
https://forum.conflux.fun/t/announcement-round-1-on-chain-dao-voting-results-will-be-activated-soon-pow-basic-reward-will-be-adjusted-from-2-cfx-to-1-cfx/17699
CFX PUMP!
According to a Feb. 15 announcement, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, said that it had secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As told by Conflux, the BSIM will have a secure place to store digital private keys and will be able to call upon the said signature to transfer money to other users. In addition, a “one-click direct check” functionality will allow users to check for transaction information and status progress in real-time.
https://cointelegraph.com/news/conflux-partners-with-china-telecom-to-develop-blockchain-sim-card
According to a Feb. 15 announcement, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, said that it had secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As told by Conflux, the BSIM will have a secure place to store digital private keys and will be able to call upon the said signature to transfer money to other users. In addition, a “one-click direct check” functionality will allow users to check for transaction information and status progress in real-time.
https://cointelegraph.com/news/conflux-partners-with-china-telecom-to-develop-blockchain-sim-card
so uhhhh, when are they switching to ethash? was it all a marketing stunt to present the crypto as the next ethereum?
6 months have passed, and the mining algorithm is the same.https://whattomine.com/coins/337-cfx-octopus
so uhhhh, when are they switching to ethash? was it all a marketing stunt to present the crypto as the next ethereum?
I don't know about that but even when they switch as I said it is not going to give them the success they imagine and this simply because no good things have ever come out from China,they were the responsible for making Bitcoin crash from the all time high in May 2021 as they did an entire crypto ban in whole of their country,this never stopped Bitcoin and crypto though and we are still going strong.So even if they change to Ethereum it won't bring them any good or any projected rise in price,this coin came out with all the hype in the beginning and so far it has only remained as hype,and as long as is related to China in some way or another most likely it will not have the success we all imagined when this coin first came out.
so uhhhh, when are they switching to ethash? was it all a marketing stunt to present the crypto as the next ethereum?
Conflux price UP +100%
China’s “Instagram” chooses Conflux Network for permissionless blockchain integration
https://thedefiant.io/chinas-instagram-chooses-conflux-network-for-permissionless-blockchain-integration
Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.
China’s “Instagram” chooses Conflux Network for permissionless blockchain integration
https://thedefiant.io/chinas-instagram-chooses-conflux-network-for-permissionless-blockchain-integration
Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.
If this has happened then most likely the price should go up even more than that.However so far in the last 24 hours only 6-7% increase is being shown in the Coinmarketcap website and a couple of other websites that deal with listing coins prices and news.
Whenever it comes to something being allowed or permitted in China though I have always my doubts as they are led by the Communist Party of the People and whenever such entity is the leader of a country usually things do not bode well for that country so I would refrain for the moment by investing in Conflux or mining it or even exchanging some of my crypto for it.
Conflux price UP +100%
China’s “Instagram” chooses Conflux Network for permissionless blockchain integration
https://thedefiant.io/chinas-instagram-chooses-conflux-network-for-permissionless-blockchain-integration
Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.
China’s “Instagram” chooses Conflux Network for permissionless blockchain integration
https://thedefiant.io/chinas-instagram-chooses-conflux-network-for-permissionless-blockchain-integration
Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.
Conflux v2.1.0 Network Hardfork Upgrade Announcement
Conflux Network will be upgraded when the Epoch Number reaches 56800000 (estimated on Oct. 18th, 2022 (GMT+8)). All nodes need to be upgraded before the time mentioned above. Most CIPs (Conflux Improvement Proposals) will be enabled when the Block Number reaches 133800000 (estimated on Oct. 25th, 2022 (GMT+8)), and CIP-99 will be enabled when the PoS Block Number reaches 330000 (estimated on Oct. 25th, 2022 (GMT+8)).
https://forum.conflux.fun/t/conflux-v2-1-0-network-hardfork-upgrade-announcement/16571
Conflux Network will be upgraded when the Epoch Number reaches 56800000 (estimated on Oct. 18th, 2022 (GMT+8)). All nodes need to be upgraded before the time mentioned above. Most CIPs (Conflux Improvement Proposals) will be enabled when the Block Number reaches 133800000 (estimated on Oct. 25th, 2022 (GMT+8)), and CIP-99 will be enabled when the PoS Block Number reaches 330000 (estimated on Oct. 25th, 2022 (GMT+8)).
https://forum.conflux.fun/t/conflux-v2-1-0-network-hardfork-upgrade-announcement/16571
This release introduces a new hardfork. All nodes should be upgraded before the epoch number reaches 56800000 (estimated on Oct 18). Most CIPs will be enabled when the block number reaches 133800000 (estimated on Oct 25), and CIP-99 will be enabled when the PoS block number reaches 330000 (estimated on Oct 25).
https://github.com/Conflux-Chain/conflux-rust/releases/tag/v2.1.0
Reward reduction vote for POWminers
How will you vote - CFX emission voting with CIP94
https://forum.conflux.fun/t/how-will-you-vote-cfx-emission-voting-with-cip94/16654
https://github.com/Conflux-Chain/conflux-rust/releases/tag/v2.1.0
Reward reduction vote for POWminers
How will you vote - CFX emission voting with CIP94
https://forum.conflux.fun/t/how-will-you-vote-cfx-emission-voting-with-cip94/16654
They shouldn't have, the normal conflux Algo is good enough I don't understand why they plan to swap to Ethash algo, this is not good and I think the team need to be aware of it, its a bad.
amd gpu can't mine this algo. only nvidia can with profit
I believe this is a good idea if the following criterias are met:
1. a static DAG size of 3GB like Flux to support those who only use cheaper older cards
2. A variation of the ETHash algorithm that ASICs can not mine.
Supporting small-scale miners is the path of decentralization, ASICs is the opposite.
1. a static DAG size of 3GB like Flux to support those who only use cheaper older cards
2. A variation of the ETHash algorithm that ASICs can not mine.
Supporting small-scale miners is the path of decentralization, ASICs is the opposite.
In my opinion it is a winning move by conflux it will be an excellent alternative when eth can no longer be mined personally i would say a 4gb dag so miners can also use cards not of the latest generation and an increase of 1 gb every 3 years
They shouldn't have, the normal conflux Algo is good enough I don't understand why they plan to swap to Ethash algo, this is not good and I think the team need to be aware of it, its a bad.
they promote about CFX POW algo(im forgot algo name) is better and now want to change to Ethash?
Make sense. Alot of rigs are ready tuned to mine Ethereum. Some will mine on the old chain (Ethereum POW) or ETC, the rest of the hash will be spread across the other coins.
Crappy stratum implementation full of security holes. There are better choices.
Make sense. Alot of rigs are ready tuned to mine Ethereum. Some will mine on the old chain (Ethereum POW) or ETC, the rest of the hash will be spread across the other coins.
the motivation is to make it easier for Ethereum miners to switch to Conflux after the merger,
Easier? It's just software. Why discard your own POW algo for one abandoned by its biggest user?
It seems pretty cynical and desperate.
Good free advertising. I have never mined this coin, but maybe after the completion of ethereum mining I will try.
Most of the miners used only the Ethash algorithm, and this will attract more newcomers to the mining of this coin
https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/
the motivation is to make it easier for Ethereum miners to switch to Conflux after the merger,
Easier? It's just software. Why discard your own POW algo for one abandoned by its biggest user?
It seems pretty cynical and desperate.
This change/question is irrelevant for GPU miners. 
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