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The specific duration of an Open-Ended contract is variable and determined by three factors: The mining difficulty, the Bitcoin vs USD exchange rates and the maintenance fee (This includes all electricity, cooling, development and servicing costs). We cannot control the first two factors which are unpredictable, but we do always deploy the latest mining technology, and do our best to keep it running at their maximum capability for you. Please note: • When partner capacity is reached, we may switch to Altcoin mining. • Payments are taken in $USD. Payouts are made quarterly and are in the relevant cryptocurrency. • Customer Service will help you set up Crypto Currency Wallets. • Mining commences when capacity becomes available.

This is usually within a few days, but can be up to 30 days.

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 To Mine Emercoin EMC 2018. 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.

With the motto 'Make Bitcoin Decentralized Again'. Mining BTG is. How To Start Mining Bitcoin Gold? Difficulty in their mining algorithm. How about mining Bitcoin Gold! While Bitcoin mining got. Just stay up to date with the official BTG. The easiest way to support Bitcoin Gold is by setting up.

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. 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).