Nov 16, 2017 - Although the controversy surrounding Kuvandzhiev's 0.5% fee didn't lead to his pool's demise, another Bitcoin Gold mining pool decided to shut down in light of the project's controversies and technical difficulties. The BTG Pool, run by MinerTopia, was reportedly shut down due a loss of “time and. Bitcoin Gold (BTG) Hush (HUSH) Komodo. Payments; How to Start. Welcome to COINBLOCKERS. Bitcoin Gold (BTG) Mining Pool since Nov 14, 2017. Bitcoin Gold is a fork of the Bitcoin blockchain which has. At the time of the fork, you had 20 BTG after. For technical help and advice about mining BTG. Bitcoin Gold (BTG) Stats. Transactions count, value, Bitcoin Golds sent, difficulty, blocks count, network hashrate, market capitalization. Bitcoin Gold is a Hard Fork that allows you to mine Bitcoin with GPU. BTG implements a new PoW algorithm, Equihash, that makes mining decentralized again.

What is Bitcoin Gold? And why should you care? Bitcoin Gold is a fork of the original bitcoin cryptocurrency, aimed at breaking down the bitcoin mining monopoly. Mining has been a key feature of bitcoin and cryptocurrencies since the very beginning of bitcoin (BTC). The technology used for mining coins has been charging ahead in leaps and bounds but the hardware has become expensive and prohibitive for most hobbyists.

Bitcoin Gold (BTG) aims to fix this monopolization of mining by professional businesses by changing the algorithm used to solve blocks. This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.

What is Bitcoin Gold? Bitcoin Gold is a free, open source cryptocurrency project developed by volunteer bitcoin enthusiasts.

It was first announced on 23 October 2017 and launched on 12 November 2017. Bitcoin Gold is what’s known as a hard fork of the. A hard fork creates a new branch of the bitcoin blockchain that contains the same transaction history as bitcoin up until the fork, but exists in parallel with the bitcoin blockchain after the fork. This creates a new cryptocurrency.

Icon Symbol Initial release date Algorithm type Max. Supply BTG 12 November 2017 Equihash 21 million BTG How is Bitcoin Gold different from bitcoin? In essence, Bitcoin Gold is. They both have the same transaction processing time of 10 minutes (i.e. It takes approximately 10 minutes to confirm a transaction after cryptocoins have been transferred) and they both have 21 million coins maximum supply (i.e.

There will never be more than 21 million BTG in circulation). Yet, there are some very important differences that we’ll review now. A new mining algorithm Where bitcoin uses the SHA-256 algorithm to mine new blocks and transactions, Bitcoin Gold uses Equihash. Both are proof-of-work algorithms, meaning they require the miner to solve a hard cryptographic puzzle in order to mine a block. However, while bitcoin miners gain a distinct advantage when using expensive, mining-specific equipment called ASIC, there is no such advantage with Bitcoin Gold. With Bitcoin Gold, anyone using commonly manufactured equipment can mine, providing an equal opportunity environment more in line with bitcoin inventor Satoshi Nakamoto’s vision of “one CPU one vote”. Replay protection One of the very first updates made to the Bitcoin Gold ecosystem was replay protection because a common problem with bitcoin forks is transaction replay.

A replay is possible because both the original blockchain and the new branched blockchain contain the same transaction history. As a result, malicious users could replicate a transaction from one blockchain to the other, effectively receiving twice the cryptocurrency. Bitcoin Gold implements replay protection that makes one blockchain’s transactions invalid on the other. Where can I use BTG? At the time of writing (November 2017), Bitcoin Gold is only a month old and as such is not as widely used by merchants as bitcoin is.

Nevertheless, if Bitcoin Gold gains momentum, it could find itself being used alongside bitcoin and other mainstream cryptocurrencies such as and. How can I get Bitcoin Gold? • From the hard fork If, at the time of the fork, you had bitcoin in your wallet (not in an exchange) then you’re in luck because the Bitcoin Gold hard fork awarded you BTG at a rate of 1 BTC = 1 BTG. So, for example, if you had 0.5 BTC at the time of the hard fork, you are automatically awarded 0.5 BTG after the fork (while keeping the original 0.5 BTC in your wallet) once you open a BTG wallet.

• From an exchange Buying Bitcoin Gold from a cryptocurrency exchange works just like buying any other cryptocurrency. Verge XVG Mining Software For Laptop. At the time of writing (November, 2017) you can buy BTG from any of the following exchanges.

In a devastating breach of trust, the Bitcoin Gold team has officially confirmed they’ve been pre-mining BTG for some time now ahead of the coming BTG “fork.” This ugly revelation could sink the BTG project before it ever even had a chance to start. Also read: More and more red flags are appearing for Bitcoin Gold (BTG) In a bombshell revelation, a Bitcoin Gold developer using the GitHub moniker “” confirmed the pre-mining of Bitcoin Gold in a Slack conversation regarding the veracity of swirling pre-mining rumors. This admission counters previous assertions by the BTG team that Bitcoin Gold would not be pre-mined, a development that greatly decreases the value—and trustworthiness—of the project. BTG, a seemingly promising effort to decentralize mining by allowing GPU mining, is now facing a scandal of doomful proportions. Indeed, many pundits in the crypto space are saying this latest breach of trust is enough to destroy the Bitcoin Gold project permanently. So it looks like this is a private fork of bitcoin, with a private,hidden premine and after the premine was successful, it's released public — supr nova (@SuprnovaPools) Twitter user was the first person to make h4x3rotab’s damning Slack conversation available to the general public.

In @SuprnovaPools’ snapshot, h4x3rotab’s admission is clear: “Yes, we will have a premine. The amount is not finalized but you can assume it should be less than 1% of the total supply.” To this end, some have come to the conclusion that the Bitcoin Gold developers have already pre-mined over 200,000 BTG coins. Not only is this pre-mining extremely deceitful, then, but it also means the Bitcoin Gold team can all but dump their pre-mined coins on exchanges post-November 1st. First, they said premine, then No Premine, Now back to Premine, LOL and snapshot time gap only guarantees the premine will happen, — gonzobreakout (@gonzobreakout) Coinbase, Bittrex Refuse to Support BTG Two of the world’s most dominant crypto exchanges—Coinbase and Bittrex—have officially come out against supporting the Bitcoin Gold fork. Coinbase is standing their ground as the BTG devs refuse to release the BTG code, which is a huge “” for Coinbase’s compliance officers.

Bittrex—the 3rd largest exchange in the world—is: “At this time, the information and codebase presented by the Bitcoin Gold team is not in a functional state and Bittrex will not commit to opening a Bitcoin Gold trading market.” What’s your take? Is Bitcoin Gold showing all the signs of being a scam, or is it getting a bad rap? Sound off in the comments below! Image via Coin News Asia.