Conflux (CFX) is a decentralized digital currency powered by innovative Tree-Graph consensus technology. This guide covers purchasing CFX on exchanges and GPU mining methods while prioritizing security and efficiency.
How to Buy CFX Coin: Step-by-Step Process
- Select a Cryptocurrency Exchange
Choose platforms like OKX, Binance, or Gate.io that support CFX trading pairs. Account Setup
- Register with email/phone verification
- Enable two-factor authentication (2FA) for security
- Complete KYC procedures if required
Fund Your Account
Deposit methods vary by exchange:- Bank transfer (USD/EUR)
- Cryptocurrency transfer (USDT/BTC/ETH)
- Credit card purchases (region-dependent)
Execute Your Trade
Navigate to CFX trading markets:- Spot Trading: CFX/USDT or CFX/BTC pairs
- Market/Limit orders available
👉 Check current CFX prices
Pro Tip: Always calculate transaction fees (typically 0.1%-0.2%) when planning purchases.
CFX Mining: Detailed Guide
Conflux uses the Octopus algorithm supporting GPU mining. Here's the complete setup:
Hardware Requirements
| Component | Specification |
|---|---|
| GPU | NVIDIA (RTX 3060+) / AMD (RX 6700+) |
| RAM | 8GB+ recommended |
| OS | Windows 10/11 or Linux |
Software Setup
Create Mining Wallet
Options:- ConfluxPortal (browser extension)
- Exchange wallets (OKX, Gate.io)
- Hardware wallets (Ledger/Trezor)
Join Mining Pool
Top pools:- SpiderPool (stratum+tcp://cfx.spiderpool.com:1688)
- F2Pool
- 2Miners
Configure Mining Software
# Bminer example bminer -uri conflux://[YOUR_WALLET][email protected]:1688Monitor Performance
Track key metrics:- Hashrate (MH/s)
- Shares accepted/rejected
- Temperature monitoring
👉 Optimize mining efficiency with proper ventilation and periodic maintenance.
CFX Tokenomics Explained
- Total Supply: 5.113 billion CFX
- Consensus: Tree-Graph hybrid (PoW/PoS elements)
- Block Time: 0.5 seconds
- Annual Inflation: ~4% (mining rewards)
FAQ: CFX Essentials
Q: Is CFX mining profitable in 2024?
A: Profitability depends on electricity costs ($0.10/kWh or lower recommended) and GPU efficiency. Calculate break-even points using mining calculators.
Q: How to stake CFX?
A: Conflux supports staking through its PoS mechanism. Lock CFX in official wallets or select exchanges to earn yields (typically 5-8% APR).
Q: What makes CFX unique?
A: Its Tree-Graph technology enables 3000+ TPS while maintaining decentralization - solving blockchain's "impossible triangle".
Q: Where to store CFX securely?
A: Cold storage via Ledger devices offers maximum security for long-term holders.
Key Takeaways
- Purchase CFX through major exchanges using fiat or crypto
- Mining requires 6GB+ GPU and optimized software configuration
- Always prioritize security with 2FA and verified wallets
- Monitor network difficulty adjustments for optimal mining timing
Disclaimer: Cryptocurrency investments carry risks. Conduct thorough research before participating.