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, the higher computing power, the fewer mortgages are required)

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
Digifinex | MXC

Wallets
Windows | Linux

Bitcointalk : https://bitcointalk.org/index.php?topic=5209540.0