As the crypto industry gains more and more exposure daily, masses of newcomers are entering the space in hopes of acquiring crypto assets. There are two main ways of getting cryptocurrencies; you can either buy them or mine them. In order to mine crypto coins, you need to install mining rigs that are costly and consume too much energy.
The mining rigs have now become an emerging cause of the energy crisis as individuals, institutions and even some states installed their rigs to mine cryptocurrencies such as Bitcoin. Keeping the energy usage concerns in view, Innovation Factory, the firm behind BFICoin designed a green crypto mining project “BFIC Network”
In literal terms, this project doesn’t actually offer traditional mining. BFIC Network has introduced the idea of stake-mining. The project is super energy-friendly as it runs on smartphones and also saves the costs of buying expensive mining GPUs and installing them in air-conditioned spaces.
Let’s now jump into the process of how you can mine BFICoins with this stake-mining project.
Experts have dubbed the development of Cryptocurrency the “Fourth Industrial Revolution.” The influence of this new technology is so significant that it has impacted the economic and industrial sectors as well. The rise of Bitcoin and blockchain technology has shown how antiquated the conventional banking system and fiat currencies are. It also demonstrated how urgently digital currency needed to be revolutionized.
After attracting the attention of a few well-known figures, Bitcoin began to gain enormous popularity. The actual reason for its enormous success was blockchain technology. We have yet to witness an industry advance as quickly as the crypto business. The crypto sector has grown tremendously in value over the last decade and is currently worth trillions of dollars.
Because it is supported by an ecosystem, BFIC is a high-utility currency. A wide range of initiatives are available in the ecosystem. The BFIC Network, for example, is a stake-mining network that uses BFIC for both registration and staking. The high-yield awards are likewise calculated using BFIC. All of the ecosystem’s applications are future-oriented and may be utilized in everyday life.
As a result, it’s reasonable to assume that BFIC will evolve into a full-fledged utility currency that will be widely accepted and traded. BFIC will not only be able to fight directly with Bitcoin, but will also ultimately overtake it as the most valuable cryptocurrency.
Step 1: Buy BFICoins
The first thing you need to do is buy BFICoin at xchangeon. XchangeOn is a crypto trading platform that exclusively deals in BFICoins. But why do you need to buy BFICoins? In order to signup on BFIC Network (stake-mining app for BFICoins) you need BFICoins. The signup amount stays locked, but you can earn daily rewards on it.
Step 2: Download & Install BFIC Network App
You now need to download BFIC Network App. In order to do this, simply open Google Play Store and search for BFIC Network. Click the download button. Once downloaded, install the app and tap the “Allow” button to grant the necessary permissions for the app.
Step 3: Sign Up on BFIC Network
Signing up on BFIC Network is easy. You may either register your account through a referral link or create a new account. Fill out the registration form and proceed. The App will request you to add the signup amount in BFICoins. Simply “withdraw” your BFICoins from XchangeOn, and deposit them here. After the successful deposit, your signup will complete and a pop window will appear with a PDF file. This file contains a Key. Make sure to keep this key safe and secure as it is vital for account accessibility.
Step 4: Add BFICoins for Stake-Mining
Now that you have successfully created your account on BFIC Network, the next step is to “Add BFICoins”. Click the “Add BFICoins” button available on the top of the home screen. The process is the same, withdraw the BFICoins from XchangeOn by copying the withdrawal wallet key and pasting the key on BFIC Network’s deposit screen. Once you have deposited the desired number of BFICoins, the App will display the availability on top of the home screen.
Step 5: Activate Stake-Mining
You have completed all the crucial steps. Now it’s time for you to sit, relax and earn BFICoins. On the home screen, you’ll see a “Mining Session” button. Click the button to activate the stake mining process. Each session is valid for 24 hours. Once your session is completed, the mining reward will be credited to your account. Make sure that you re-activate the mining session every 24 hours to gain maximum mining rewards.
They you go! This is how simple it is to mine BFICoins directly on your smartphones. The best part is that you don’t have to repeat all the steps again and again. Once your signup and add the BFICoin, you only need to open the app and tap the “Activate” button daily. This won’t take more than 2 minutes of your time daily, but will allow you to earn enough!