• Posted in: Home
• 68
• Author: admin

Bitcoin Gold (BTG) Equihash mining pool. Mine Bitcoin Gold with your home computer using conventional GPU. Make Bitcoin decentralized again.

Contents • • • • • • • • • • • • • What Is Bitcoin Gold? If you are pretty up-to-date with the cryptocurrency space then you already know about it. But those of you who still do not have any idea regarding Bitcoin Gold, let me summarize it for you. Bitcoin Gold is one of the newest players in the cryptocurrency market with the motto “Make Bitcoin Decentralized Again”. The developer team hard forked this new cryptocurrency from the original Bitcoin blockchain. Starting at block 491407 of the original Bitcoin blockchain the bifurcation will happen.

Bitcoin Gold Miners will begin creating new blocks from that height. The Bitcoin Gold development team already carried out the hard fork at 25th of October. The mining is still in testnet phase but it will soon come out of the sandbox. What Is The Reason Behind Creating Bitcoin Gold?

From last few years, we are seeing massive scalability issues regarding the Bitcoin blockchain. The concept of Bitcoin is quite old – proposed it way back in 2008. So it is not the first time we experienced a hard fork. Back in August, we saw another hard fork and some of Bitcoin’s loyal followers created.

Plus currently, Bitcoin’s mining environment is heavily dominated by ASICs. These ASICs take great advantage of Bitcoin’s SHA256 algorithm and mine like crazy. That’s why entry-level miners with their tiny GPU mining rigs cannot even bother to try mining Bitcoin now. In his Bitcoin whitepaper, Satoshi claimed that in Bitcoin’s world one CPU will equal to one vote. But that cannot be said anymore because right now it has become one ASIC one vote. Who Are Behind Bitcoin Gold? Is the brainchild of CEO of Hong Kong-based mining firm and mining equipment company LightningAsic, Jack Liao.

Along with his anonymous developer who calls himself h4x3rotab and 4 other members Bitcoin Gold was developed. How Can Bitcoin Gold Solve The Issue Of Centralization? According to Bitcoin Gold’s white paper, they are confident that they can solve this issue by blocking ASIC mining completely. They believe that if they only allow GPU mining then decentralization will be possible. That is why to completely shut off ASIC mining they are employing this new algorithm called Equihash.

Instead of Bitcoin’s original SHA256 hashing algorithm which allows ASICs, Equihash is GPU mining rig friendly. Is already using this algorithm and it is a great algorithm, to say the least. Minted Vertcoin VTC there. They are also introducing technologies like segwit and replay protection in their system. Apart from this, this new cryptocurrency doesn’t aim to solve any other problems Bitcoin currently have. How To Get Bitcoin Gold And What Wallet To Use? Bitcoin Gold is currently in beta phase so the number of exchanges that support them is on the lower side. Currently, it looks like Bitcoin Gold is only supported by exchanges like,, etc.

But the team is in talks with other famous exchanges. Exchanges like,,, are expected to join the bandwagon once Bitcoin Gold reaches popularity. Right now only three wallets support Bitcoin Gold. And they are –, Guarda and. So no hardware wallet support for Bitcoin Gold at this exact moment.

How To Mine Bitcoin Gold? The hard fork took place on 25th October and since then the developers worked very hard to launch the mining testnet. It was launched on 1st of November.

The mining is still in testnet phase. So it is a good time to download the necessary tools and see if your rig has the potential to miner Bitcoin Gold. There are a handful of mining pools that currently support Bitcoin Gold mining. But I suggest using and, which is the official mining pool by the way.

First of all you need to configure your mining rig. As BTG is on Equihash you can use our guide on how to & it can work on mining BTG for you. How To Mine Bitcoin Gold With Mining.SG Pool? • First of all, navigate to.

• Then navigate to their “Getting Started” page. • This is where things change for AMD and Nvidia users. For Nvidia Users • • Download the EWBF Miner for your Nvidia graphics card from this link: • After downloading extract the files to a folder. • Create a new text document in that folder, and start editing it. • Paste the following line of code replacing the wallet address after user to your Bitcoin Gold address and “example” part to a worker name of your choice: miner --server pool.mining.sg --port 3032 --user GQE1srvTaXDXH1Gpga16qBtEVEJyb2yQg7.example --pass x • Now save the file with a name like start.bat • CAUTION: Be sure to use the.bat file extension.

Without that, your system won’t be able to recognize it as a batch file. For AMD Users • • Download the Claymores miner from this link: • After downloading extract the files to a folder. • Create a new text document in that folder, and start editing it. • Paste the following line of code: set GPU_FORCE_64BIT_PTR=1 set GPU_MAX_HEAP_SIZE=100 set GPU_USE_SYNC_OBJECTS=1 set GPU_MAX_ALLOC_PERCENT=100 set GPU_SINGLE_ALLOC_PERCENT=100 ZecMiner64 • Save the file with a name and extension like “start.bat”. • Now open the config.txt file and paste the following information in replacing the already written one: -zpool ssl://pool.mining.sg:3032 -zwal GQE1srvTaXDXH1Gpga16qBtEVEJyb2yQg7.example -zpsw x -allpools 1 • Save and exit. • Now in both cases, you can click on the start.bat file to start mining Bitcoin Gold with Mining.SG pool.

How To Mine Bitcoin Gold With Minepool.gold? • At first, make your way to. • Now head over to the “Getting Started” page.

• From here on the process is similar to mining with. How To Get Free Bitcoin Gold Right now there are no faucets or legitimate websites giving away Bitcoin Golds for free. So please don’t fall into this kind of traps and give away sensitive information like private keys, wallet addresses etc. Always step with caution because one bad footing can make you a hacker’s prey.

And before you know it they will drain your wallet. But fortunately, if you kept your Bitcoin still during the time of hard forking you are eligible for getting free Bitcoin Gold in 1:1 ratio during the premine or ICO. So if you had 5 Bitcoins during the time of splitting, you can claim 5 Bitcoin Gold.

But, If you kept the Bitcoins in an exchange wallet or online wallet then this may not be applicable to you. Currently, this is the only method that can get you Bitcoin Gold for free.

Final Words Bitcoin Gold is a new cryptocurrency so as always it is advised to step carefully. For miners, Bitcoin Gold can be the new big thing since their policy is mining focused.

They have implemented variable difficulty in their mining algorithm which will be a great thing for GPU miners. The difficulty is adjusted after every block instead of every two weeks in Bitcoin. Plus they have introduced technologies like segwit and replay protection, and thrown unique wallet addresses in the mix. To be extremely honest currently, not much can be said about Bitcoin Gold. Only time will tell how successful it will become. Hi Indrasish!

A couple of months are gone since you wrote this super interesting article. All the references are still valid and worthy but It’s also worth noting that now BTG supports (I’ve not tested it yet though) HD wallets like the well known Ledger Nano S. It’s important for all the miners and users to know that in the first weeks there could have been a “possible” scam (see GitHub BTCGPU 213#) with one of the web wallets listed at bitcoingold.org (following those reports, a red disclaimer has been added on the bottom of the list by the BTG devs). Hence, anyone please remember to keep the private keys for yourself (do not trust anyone but yourself) and to possibly opt for the most secure wallet solution possible (guess for many of us it’s the hd wallet).

Approved by Experts Easy to Use Safe Software $250 9.7/10 What is Bitcoin? Bitcoin is a virtual online currency. Everyone can buy or sell bitcoins on the networks. The Bitcoin transaction process is done via online peer-to-peer technology. It is managed by dedicated Bitcoin servers.

Each time that they communicate, they update and share the information concerning the amount of Bitcoins that each user owns. What is Bitcoin Trading?

There is hardly an Internet User who does not know what Bitcoin is. The term has become so popular since their initial launch in the digital market that they have become almost synonymous with cryptocurrency exchanges in general. Bitcoin trading was the first ever kind of digitized monetary system to offer independence from the regular government-issued exchanges. While this cryptocurrency was released to much speculation as to it actually has any kind of everyday appliance, the current price of a Bitcoin is estimated to be about $7,200. The monetary value, of course, is subject to fluctuations but this fact only goes on to prove how big and consistent the daily results of cryptocurrency trading operations can actually be. As to the concerns that some people might have regarding the application of Bitcoin in the real world, then they should know that it is accepted by PayPal, Amazon.com, eBay.com, all e-Wallets, and lots of upscale companies. How to Choose a Legit Bitcoin Trading Broker?

There are several key principles which users must carefully take into account before deciding on which crypto broker job will do the best job for them. Below follows a short compilation of the most crucial features and characteristics that miners should have in mind. Trading Platform This means that the particular broker you have chosen should use a stable and powerful trading platform in order to generate positive results when placing the trading transactions. Also, it is recommended the broker you sign up in to offer a wide range of account types as this will help you decide what level of proficiency you want to deal with while trading Bitcoin. Regulat ion It is always good to opt for a Bitcoin broker or exchange which has already passed the necessary criteria to be considered legit. Such would be present on the crypto broker’s official website as a certificate and unique identification number, issued by the respective country’s responsible authorities.

This is the only way to ensure the execution and appliance of maximum safety and security protocols. Customer Service Unlike most trading solutions which operate solely according to the stock market time schedule, cryptocurrency market is running at any given moment in the comfort of one’s very own housing. This is why customer support service should be 24/7 and every staff member must pass through a professional training course in order to address the concerns of the users more thoroughly. Asset s The best Bitcoin brokers do not focus solely on cryptocurrency exchange operations but also allow users to engage in contract-for-differences (CFDs), Forex (FX), stocks, shares, and options trading. How Does Bitcoin Trading Work? Bitcoin trading is actually the algorithm foundation for the operational process of the cryptocurrency exchange. The most basic level of explaining how it works is that users should partner with a reliable platform which is able to deliver them satisfying results out of this process.

Users who are newcomers to the online investing field should consider joining a system that provides auto-trading mode to its customers. Bitcoin trading can be described as engaging in an open-source and P2P operation which involves the appliance of a decentralized digital exchange rather than a standard monetary payment system. There are many reliable and legit crypto robots which can take care of conduct of such operations all on their own via the use of an autopilot mode. Newbies can put their trust in them until they have gained enough knowledge to trade on their own. Crypto brokers are also a good and genuine trading solution. Simple Strategy to Generate Good Results There is one very popular and easy-to-implement investment strategy which does not require sophisticated skills and anyone can implement it into their daily cryptocurrency operations in order to generate good and consistent results. The currency pair BTC/USD is known to be a popular among traders.

The main agenda of most investments is also to buy a particular currency low and sell it high. These are the two simple principles which can help traders to do well.

Bitcoin Transformed the Basics of Trading Bitcoin trading managed to transform the way digital investment operations are carried out in a way which is favorable for the end user. The cryptocurrency exchange allowed its users to achieve some really satisfying results.

It also led to the emergence of other alternative payment systems (‘altcoins’) and this is why it is here to stay. Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognise that for factors outside your control you may lose all of the money in your trading account.

Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Top10CryptoRobots.com takes no responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.