Bitcoin Interest (BCI) Fork: ALL YOU NEED TO KNOW

Bitcoin Interest Fork

1. What Is Bitcoin Interest
   Bitcoin Interest is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. It will also pay you interest for simply parking your coins for set time period.

2. Can I Mine Bitcoin Interest?
   Yes, Bitcoin Interest is an enhanced Proof of Work Equihash algorithm that can be mined with a GPU.
   Mining Pools will be announced soon.

3. If I Own Bitcoin, Do I Automatically Own Bitcoin Interest?
   If you held Bitcoin at the time of the Bitcoin Interest fork you wll receive a 1 to 1 swap from Bitcoin to Bitcoin Interest. This means that Bitcoin holders at January 22nd, 2018 11:59 PM GMT, or at block 505083 now have the same amount of Bitcoin Interest as they had in Bitcoin. If your Bitcoins are stored by a third party then you must inquire with them about your Bitcoin Interest coins. Any transactions after the January 22nd ledger split are completely separate between Bitcoin and Bitcoin Interest. This means any Bitcoin acquired after the split does not include any Bitcoin Interest, and any Bitcoin Interest does not include any Bitcoin.

4. How Do I Claim My BCI Coins?
   To claim your BCI coins after the fork, insert your BTC private key into the official BCI wallet. Another option would be to transfer your BTC to an exchange that will be supporting the Bitcoin Interest fork prior to launch and simply hold your BTC there. They should credit your account automatically after the fork. Please contact the exchange to ensure they will be supporting the BCI fork.

5. When Will The BCI Fork Happen?
   January 22nd, 2018 at 11:59 PM GMT, or at block 505083 (Whichever Comes First)

6. How Do I Receive My Payments?
   You must first register for an account on the Bitcoin Interest website (registration will be opened after the fork). You can park your coins by choosing an interest pool cycle of either Weekly or Monthly. If you happen to join the interest pool round after it has started you will only be eligible to receive interest for the remaining days. If you move your parked BCI coins out of your wallet before the interest pool round has ended, you will not receive your interest payment.

For A Better Understanding On How BCI Works Please Watch This Video -