Introduction
Conflux (CFX), a public blockchain project, recently surged by 300% following its partnership with China Telecom to launch Hong Kong's virtual blockchain BSIM card. This guide covers CFX mining, price trends, and future predictions.
Current CFX Price Trends
- Recent Peak: $0.4477 (21% increase in 9 hours)
- Current Price: $0.42 (24-hour change: +13.94%)
- Key Catalyst: Binance's upcoming CFX mainnet integration, enabling deposits/withdrawals via Conflux eSpace and BSC.
👉 Explore CFX trading opportunities
What is Conflux?
A permissionless Layer 1 blockchain launched in 2018, Conflux is China’s only compliant public blockchain. It collaborates with global brands like McDonald’s China and Oreo.
Ecosystem Highlights:
- 8 active products (vs. Ethereum’s vast DApp ecosystem)
- Includes Moonswap (DEX), SushiSwap, and Chainlink integrations
CFX Tokenomics
| Metric | Value |
|---|---|
| Market Cap | $604M |
| All-Time High | $1.70 (May 2021) |
| Current Rank | #59 by market cap |
GPU Mining Boom
- RTX 3080 Profitability: ~$104.1/month (2,042% ROI vs. current miners)
- Network Difficulty: Increased 418% since January 2023
Step-by-Step CFX Mining Guide
1. Hardware & Software
- GPU: NVIDIA/AMD (8GB+ VRAM)
- OS: Windows/Linux
- Software: T-rex, NBMiner, or HiveOS
2. Wallet Setup
- Options: Conflux Portal (extension), MoonDEX (DEX), or Cobo Wallet
- Note: Binance’s CFX addresses cannot receive mining payouts.
3. Mining Pools
- Recommended: F2Pool (anonymous mining supported)
Parameters:
nbminer -a octopus -o stratum+tcp://pool_url -u username.worker_name
4. Monitor Earnings
Track real-time stats via your pool’s dashboard after connecting workers.
CFX Price Predictions (2023–2030)
| Year | Predicted Price Range |
|---|---|
| 2023 | $0.61 (high) |
| 2024 | $0.90–$1.02 |
| 2025 | $1.23–$1.43 |
| 2030 | $3.28–$3.48 |
Long-Term Outlook:
- Adoption of BSIM cards and Hong Kong’s crypto-friendly policies may boost CFX.
- Technological expansions could position Conflux as a scalable blockchain leader.
FAQs
Q: Is CFX mining profitable in 2023?
A: Yes, especially with high-end GPUs like RTX 3080 (~$104/month profit).
Q: Which wallets support CFX?
A: Conflux Portal, MoonDEX, and Cobo Wallet. Avoid Binance for mining payouts.
Q: What’s driving CFX’s price surge?
A: Partnerships (e.g., China Telecom), Binance integration, and Hong Kong’s regulatory shifts.
Q: How does Conflux differ from Ethereum?
A: Focus on compliance and scalability, but with a smaller DApp ecosystem.
Disclaimer: Cryptocurrency investments involve risks. This content is informational only.