Sun Mining Bitcoin Gold BTG

by
Sun Mining Bitcoin Gold BTG 5,6/10 8922reviews
Sun Mining Bitcoin Gold BTG

Bitcoin Gold (BTG) Equihash mining pool. Mine Bitcoin Gold with your home computer using conventional GPU. Hshare HSR Mining Latest News more. Make Bitcoin decentralized again. An official bitcoin gold mining pool. Welcome to Bitcoin Gold mining pool!

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.

This article needs additional citations for. Unsourced material may be challenged and removed. (December 2017) () Bitcoin Gold BTG Development Development status Active Forked from Bitcoin,, Source model Website Ledger Block reward 12.5 BTG (approximately to mid 2020), halved approximately every four years Block time 10 minutes Block explorer Circulating supply 16,796,586 BTG (as of 31 January 2018 ) Supply limit 21,000,000 BTG Valuation $2.59 billion USD (as of 31 January 2018 ). Monero XMR Miner Windows 8 on this page.

Contents • • • • Differences from bitcoin [ ] Bitcoin gold uses a algorithm to the Equihash ASIC-resistant algorithm, originally from. The Bitcoin Gold team used ‘post-mine’ - a mining of 100,000 coins after the fork had already occurred. The team did this via a rapid mining of approximately 8,000 blocks at 12.5 BTG per block.

The bulk of premined coins have been placed into an ‘endowment’, and according to the developers will be used to grow and maintain the BTG ecosystem. However, of the 100K coins, some five percent were set aside as a bonus for the team, or about 833 coins for each of the six members. Criticisms and controversies [ ] A few days after the launch of the mainnet miners started accusing developer Martin Kuvandzhiev (StarbugBG) of adding a hidden 0.5% mining fee in the z-nomp code fork the team suggested to use. Suprnova and other mining pools allegedly found the hidden fee and removed it after examining the code causing some to speculate that the removal was related to why many found blocks didn't show up as paid to the finder and why Suprnova's chain was out of sync. The online wallet provider mybtgwallet.com prompted users to enter their private keys or recovery seeds. An analysis revealed that the code contained a line to convert the entered passphrases into Google Analytics cookies that could later be retrieved.

References [ ].