Best Bitcoin Gold BTG Mining Hardware For Beginners

Today I am going to show how to mine the newly forked coin named bitcoin gold, which is forked from the original bitcoin. For those who don’t know to let you that bitcoin gold work on the Equihash Algorithm- the same one on which Zcash, zencash, zclassic works. Also Read: A few days earlier when, miners got excited about, the idea was to grab as much coin in the initial stage when the difficulty is less. Few of them have the idea to sell them insteadly as the market rates go up and some grabbing for the long-term. Bitcoin Vs Bitcoin Gold Talking about the long-term for bitcoin gold and the first forked bitcoin sister named bitcoin cash which released in August have achieved mile after its birth.In recent activity, we can clearly see after ethereum on the basis of market cap value. This could give somewhat idea about the bitcoin gold that it could be somewhat profitable. BTG official network is expected to start on Nov 12 2017.

The current mining ports and accounts will be automatically transferred from testnet to main net mining.

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.

Nov 13, 2017 - I will update the post with bitcoin gold mining procedure,mining software, BTG mining pool and overclock settings. Bitmain is the only company which makes the most profitable Bitcoin Mining Hardware and maximum miners use miners provided by bitmain. Best GPU For Mininig Bitcoin Gold: BTG.

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”. Metaverse ETP ETP Ming there. 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. At the time of writing (November, 2017) you can buy BTG from any of the following exchanges.