How Can I Mine Bitcoin Gold BTG Cash
X <br /> Can't load widget<br /> • • • And for those of you who aren’t aware of the upcoming Bitcoin hard fork, pay attention. In this article, I intend to cover everything you need to know about the upcoming Bitcoin hard fork and how to prepare and benefit from it by doubling you coin holdings. Wowowow double!! Some of you may think this is a good thing as your value will also double! Note: Doubling of coins does not mean doubling of value, because after a hard fork, the value of both versions of coins are determined based on user sentiments and demand/supply in the market.
I don’t support Bitcoin Cash. But still want to mine BTG, you can. What this high level of interest means is unclear − is the Bitcoin Gold team generating. More How Can I Mine Bitcoin Gold BTG Cash videos.
So keeping that point in mind, let’s get started New: New Bitcoin Fork – Bitcoin Gold (BTG) Bitcoin Gold is a new, would be denoted, as of now, as BTG or “bgold”. It will be a fork of the original Bitcoin that invented in 2008. The Bitcoin Gold community defines BTG in the following fashion: Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again. At present, there is very little information available about the technical know-how of this fork because is under development. Who Is Doing This Fork And When Is It Happening?
The Bitcoin Gold project is being driven by some developers, miners, and their head Jack Liao, the CEO of the Hong Kong-based mining equipment manufacturing company,. Bitcoin Gold’s lead developer is someone anonymous by the name of h4x3rotab and he/she claims that: Bitcoin Gold is also a real blockchain to pilot Bitcoin upgrades. As per their official website, the exact time is not yet known for this fork. But the official date for the fork is mentioned as 2017-10-25 (25th October 2017) but better to follow the block height which is block 491407.
Why Is It Happening? This is a community-driven hard fork without any consensus voting. It is primarily being driven by a few who believe that the original Bitcoin mining system has become centralized and is monopolized by a handful of mining companies.
They believe this because of which provide a very strong entry barrier for an average user or miner like you and me. And now, these hard fork supporters want to change that and make the process more decentralized. As per their: How Do BTG Supporters Want To Change This Centralization Problem? Bitcoin Gold) advocates have decided to solve this problem by forking Bitcoin on 25th October by changing its original protocol.
Specifically, to combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called. This will make ASIC miners irrelevant for mining Bitcoin Gold because, with the implementation of Equihash, Bitcoin Gold will be mineable simply by using cheap GPUs. • Note: Currently, Bitcoin uses the SHA-256 mining algorithm (read about ). What’s Their Other Agenda? Their other agenda is to save Bitcoin in case something happens to it in the future, as. Also, I think they want to compete with other GPU minable cryptocurrencies like Zcash, Ethereum, and Monero.
And with Ethereum moving to POS consensus, this is a kind of masterstroke for this Bitcoin-branded coin (BTG) because then those Ethereum mining people will have to switch to either BTG or Zcash or another GPU minable currency in the future. But they know that they are not competing with Bitcoin and Bitcoin Cash as stated by their lead developer in a conversation with. Features of Bitcoin Gold (BTG) Bitcoin Gold doesn’t bring many features with it, but • BTG will be based on Equihash so it will be GPU minable.
• BTG will have inbuilt replay protection because it is a direct fork of BTC. • BTG will have a variable difficulty that will change per block. (Good thing for GPU miners.) • And looks like BTG will have a pool of pre-mined coins for. Apart from these, there will be no changes like block size adjustment.
And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe that’s the secure way. My Opinion I have mixed feelings toward this because of several reasons It’s a good idea to have a GPU-minable algorithm. This will surely prevent centralization and currently, there is no GPU-minable Bitcoin hard fork.
So it’s good in that sense. On the other hand, their development and way forward look depressing.
There is literally no information whatsoever on their. Moreover, on GitHub, none of their developers are publically available. Also, haywire information sources on the raise massive red flags about their future and their intentions. I was really surprised to learn that they might have an ICO for these pre-mined blocks, but again, there is little clarity about it on their official website. But let’s say that around 25th October they have beaten all odds, clarified the much-needed information about their project, and we have a fork then what to do in that case? Then the only thing to do is enjoy and claim your free airdropped Bitcoin Gold coins! Confession: I am going sell some part of BTG immediately (if a fork happens) and will the rest of it.
How To Get Free BTG One month until exodus fork. Hodl BTC on 10.25 get free BTG on 11.1 — Bitcoin Gold [BTG] (@bitcoingold) After the BTG fork, you need not do much, but you need to be updated and agile about this subject.
If you want access to your BTG coins, you need to take care of two things: • You should have your private keys. • You should avoid being replay attacked. And here’s the important part: Both of your coins (BTC and BTG) will have the same private keys. Moreover, due to this fork/split, another problem called can happen. Though, they say that they have replay protection in place, but we are not sure how effective it is as it has not been tested live.
So to avoid replay attacks and access your free BTG coins, we suggest you take care of the following things: • Avoid transactions for some days until the dust settles to avoid replay attacks. • Keep your Bitcoin private keys with you, not in a third party exchange like. • Use hardware wallets like the and Trezor. Last time, during the Bitcoin Cash fork, these two hardware wallets were the first to support the forked coin. • If you don’t have a hardware wallet, use software wallets like, Jaxx, Coinomi, and to control your private keys. • You can also use a. • If you hold your keys in a paper wallet or software wallet, wait for instructions on how to access your BTG coins. Future Of BTG BTG Blockchain Launch Date: November 12, 2017 – 7:00 PM (19:00 UTC) The future of BTG isn’t clear yet.
But if the fork happens, BTG will likely have some market value and will definitely steal away some hash power from GPU miners. On the other hand, we really need exchanges and wallets to support this Bitcoin Gold fork; otherwise, it will have a hard time finding any value. And as the fork time approaches, I will keep updating this article will more information on Bitcoin Gold and which wallets/exchanges are actually supporting it.
Last but not least, don’t fall prey to fake websites/wallets demanding your private keys to let you access your BTG. So until that time, stay tuned to to keep up with the Bitcoin revolution! Note: Theoretically Bitcoin Gold Fork is already done around October 24, 6 am UTC at block height 491407. So if you are transferring your BTC now, here and there then you might not get BTG because it’s over now. Regarding claiming your BTG through wallets we will publish further instructions shortly. Happy Forking 🙂 Update 1: Bitcoin Gold’s Website is Live. Read their FAQ section for more details.
Update 2: Bitcoin Gold’s Roadmap announced. Update 3: Read BTG Dev’s Official Statement. BTG Dev’s Official statement’s Gist: The Bitcoin Gold dev team is not holding any information back. We are committed to full transparency.
We do answer all of the questions that are being asked via Twitter, Facebook, Slack, and email, and we provide all the needed information for the general public. We don’t hide that we are working hard to provide this solution – to make that has the Bitcoin structure and that cannot be mined using ASIC machines. Our project is almost ready, but there is still a lot of work to be done and we will give all the support if there are people who want to help us. We don’t make suggestions to buy or not buy any kind of cryptocurrency, especially not Bitcoin Gold (BTG), as all cryptocurrency markets are still highly volatile and easily manipulated.
But the one thing that you must know is that on October 25, as planned, we will take a snapshot of the Bitcoin blockchain and everyone will receive 1 BTG free for every 1 BTC in their wallet. So please be sure to keep your Bitcoin private keys secure in your own possession, as we don’t want any Bitcoin holders to miss out. For further reading: • [Full list of BTG exchanges] • • • Like this post?
Don’t forget to share it! Hi Sudhir, I have created a trading account on Binance per your guidance and started trading on it. But today, when I checked my deposit/withdrawal window I can see new coins named “TRON” showing on my window. I haven’t done any trading on these coins but still it is showing a balance for these coins. Can you please confirm if I got these coins as free? Also, I have one more doubt that I purchased some ETH then sold all of them at higher price but it is still showing some balance for ETH on deposit/withdrawal window. I don’t know why it is showing balance as I have sold all the purchased quantity.
Is the balance represents profit earned? Hi Sudhir I have created a trading account on per your guidance and started trading on it. But today, when I checked my deposit/withdrawal window I can see new coins named “TRON” showing on my window. I haven’t done any trading on these coins but still it is showing a balance for these coins. Can you please confirm if I got these coins as free? Also, I have one more doubt that I purchased some ETH then sold all of them at higher price but it is still showing some balance for ETH on deposit/withdrawal window.
I don’t know why it is showing balance as I have sold all the purchased quantity. Is the balance represents profit earned?
Hey buddy, Still awaiting your response on the below: I have created a trading account on Binance per your guidance and started trading on it. But today, when I checked my deposit/withdrawal window I can see new coins named “TRON” showing on my window. I haven’t done any trading on these coins but still it is showing a balance for these coins. Can you please confirm if I got these coins as free? Also, I have one more doubt that I purchased some ETH then sold all of them at higher price but it is still showing some balance for ETH on deposit/withdrawal window. I don’t know why it is showing balance as I have sold all the purchased quantity.
Is the balance represents profit earned?
• • • The cryptoworld will have only just brushed the dust off the last Bitcoin fork, back at the start of August, ahead of which Bitcoin fell to sub-$2,000 levels from a June high of $2,976.41. We had heard plenty of speculation over possible outcomes, the worst case scenario has been Bitcoin’s collapse, with talk of Bitcoin holders seeing their Bitcoin value fall to zero sending jitters through the cryptoworld. Things have certainly calmed since the fork, with Bitcoin surging to a September high $4,909.11, before some easing following China’s decision to shut down Bitcoin exchanges and ban initial coin offerings. So, while many will have been looking ahead to the much talked about November SegWit2x fork, where another split is anticipated, which could result in 3 versions of Bitcoin, few have discussed or focused on this month’s Bitcoin Gold fork, which is scheduled to be implemented on 25 th October. So why yet another fork? The Bitcoin community is looking to completely decentralize the Bitcoin network that continues to be monopolized by the mining industry and a few miners within the mining community, who have the majority of the at present.
Bitcoin Gold is scheduled for release through this month’s fork in a bid to change Bitcoin’s consensus algorithm, allowing miners to mine Bitcoin with GPUs. As with this summer, Bitcoin Gold will also be a hard fork, with the new tokens expected to launch on 25 th October before being open to exchanges from 1 st November. Making it possible to mine with Graphic Processing Units) is expected to allow more participants to mine, taking away some of the hash power from the bigger miners who have largely cornered the Bitcoin market. The new BTG token is planned to be sold at 10BTG to 1 BTC and while there are plans for a Bitcoin Gold initial coin offering, dates have yet to be announced and as with Bitcoin Cash, each Bitcoin user, at the time of the fork, will have an equal amount of Bitcoin Gold associated with their private key. What is Bitcoin Gold Fork?
On 25 th October, Bitcoin is going to see another hard fork implemented that will result in a new cryptocurrency named Bitcoin Gold (BTG). As we saw with Bitcoin Cash in the summer, existing private keys holding Bitcoin balances will receive the same amount in Bitcoin Gold on 1 st November, though as things stand, it may be a number of weeks before Bitcoin Gold will be tradable. Developers, miners and a number of key contributors including Jack Liao, the CEO of Hong Kong mining manufacturer LightningAsic, are behind Bitcoin Gold, with other parties involved including Chinese mining tycoon and owner of Bitcoin news portal Jinse.com and the project’s anonymous lead developer H4x3. For now, Bitcoin Gold has been characterized as a friendly fork by the development team as Bitcoin Gold considered to be complementary to Bitcoin. The key consideration is to block anticipated upgrades of Bitcoin through hard forks. H4x3 describes Bitcoin gold as a real blockchain to pilot Bitcoin upgrades. Ultimately, the purpose of Bitcoin Gold is to compete with Bitcoin Cash, and GPU coins, by bringing down the current monopolies and increasing centralization in order to serve and protect the Bitcoin world.
Supporters of Bitcoin Gold hold the view that the best crypto engineers are working on Core and for this reason, Bitcoin Gold will try to follow Core as much as possible. The biggest change to the code in Bitcoin Gold is that it uses a different mining algorithm, resistant to ASIC chips, called. Similar to Ethereum, the use of GPUs will be needed to mine Bitcoin Gold in place of Bitcoin’s current Asics mining machines, which have been blamed for the centralization of Bitcoin. With Ethereum’s planned switch from Proof of Work mining to Proof of Stake next year, Bitcoin Gold developers’ decision to move away from Bitcoin’s SHA-256 algorithm to the Equihash algorithm is a timely one.
Other anticipated changes from Bitcoin include an alteration to the adjustment time. Bitcoin has the level of difficulty to solve a block adjusted every 2-weeks and, with unstable hashpower experienced since the Bitcoin Cash fork, Bitcoin Gold will have the level of difficulty adjusted to every block found. While miners are yet able to test-mine Bitcoin Gold, plans are in place to enable miners to test on a testnet within the next couple of weeks, though there has yet to be the replay protection coding that will protect Bitcoin Gold users from accidentally spending real Bitcoin or Bitcoin Gold, also referred to as a replay attack. It all certainly sounds friendly enough, if you’re not one of the mining cartels that control much of the Bitcoin hashpower, though there has been some dissatisfaction over news that developers will be the only miners for a period of time after the hard fork. The Bitcoin Gold fork is another battle in the war between the mining cartel and Bitcoin’s core developers.
The mining cartel in search of even more hashpower and centralization, while Bitcoin’s core developers look to reverse the centralization that has been seen in recent years. How can Bitcoin Gold Fork Affect Bitcoin Prices? Despite the talk of hard forks and the possible existence of 4 versions of Bitcoin by the end of the year, has certainly not slumped by any stretch of the imagination, sitting above $4,300 levels with even China’s decision to shut down Bitcoin exchanges and ban doing little to stall appetite. The recovery in just a couple of weeks has been a remarkable one and, if there were any suggestions that Bitcoin is a bubble ready to burst, the recovery itself and the market’s ability to shrug off China’s interventions demonstrates quite the opposite, Bitcoin investors in China finding alternative methods to trade. South Korea’s Financial Supervisory Service decision to ban fundraising through virtual currencies also seemed to do little to Bitcoin’s recovery, which has been fueled by a surge in appetite from Japan, following the Japanese government’s approval of 11 cryptocurrency exchanges, with Japan now touted to become the largest of Bitcoin’s trading hubs. We would expect this month’s hard fork to have a limited impact on the value of Bitcoin and, while managed to recover from an initial slide following the hard fork in the summer, how Bitcoin Gold fares remains to be seen, but it will boil down to how many different Bitcoin versions the market is likely to accept and whether the intentions of Bitcoin Gold are genuine.
Within the Bitcoin community, there’s been plenty of infighting ahead of November’s planned SegWit2x hard fork, with the battle between the supporters of SegWit2x and core software supporters raging on. A group of core supporters that have created a movement known as NO2x does all it can to repel support for SegWit2x and the NO2x movement has certainly garnered some support from some of Bitcoin’s bigwigs, with one of the leaders of the Bitcoin Gold team, Robert Kuhne, reportedly a member.
Bitcoin Gold could be an attempt by the NO2x movement to merely detract interest from SegWit2 and with that in mind, there are also a number of issues with the Bitcoin Gold project that needs attention, including the fact that the team does not have a of the network created, which prevents miners from testing the system and the project also implements the same per-block difficulty adjustment as Bitcoin in its code, with no signs of an Emergency Difficulty Adjustment (EDA). Also, there is reportedly no replay attack protection through the Bitcoin Gold team which have suggested that the website is under active development at present. While there are some concerns over the characteristics of Bitcoin Gold, its website lacking in detail, the Fork’s intention of decentralizing a centralized mining industry through the use of GPUs is one that could garner significant support. After all, the ethos of Bitcoin and cryptocurrencies, in general, is decentralization, the anonymous lead developer of Bitcoin Gold, has stated that the purpose of the Bitcoin Gold fork is to encapsulate Satoshi’s one CPU one vote vision, with the current mining domination unacceptable to anyone who understands the importance of decentralization to Bitcoin. H4x3 added that Bitcoin Gold can be thought of simply as a replication of the Bitcoin protocol and coin distribution that can serve as a backup plan in case the original mining network is destroyed. Interestingly, H4x3 believes that there has been a significant amount of support for Bitcoin Gold despite a lack of any major marketing.
There is an expectation that Ethereum miners may, in fact, switch their GPUs to a Bitcoin Gold pool ahead of Ethereum’s planned shift from proof of work to a new and less popular proof of state system. If it turns out to be true, Bitcoin Gold would likely surpass Bitcoin Cash, though it would be a tall order to rise to the top of the Bitcoin table. Cash, Gold and What’s Next With Bitcoin Gold expected to yield yet another version of Bitcoin, the markets will be looking ahead to November and the SegWit2x fork and whether there will be another blockchain split. There’s plenty hanging on the SegWit2x hard fork and cryptoanalysts have predicted that Bitcoin could hit $6,000 levels by year-end. The forecast dependent upon whether the November hard fork is implemented and how disruptive the fork is to the market. Bitcoin Gold is expected to be less disruptive than the Bitcoin Cash fork in the summer and the looming SegWit2x fork in November, so while Bitcoin seems to have plenty of support at $4,000, one questions whether Bitcoin has yet to be truly tested as the disagreement between miners and core developers continue to threaten to prize apart Bitcoin. With SegWit2, the issue of a split comes as there remains disagreement on a proposed increase to the block size.
SegWit2 supporters are looking to push through a 2MB increase to the blockchain by way of a user-activated hard fork (UAHF”) that may result in the much talked about the split. For now, neither the miners nor the core developers have ceded and, until one side decides to compromise, Bitcoin will split, leaving the free market to decide which chain will survive and for now it really is an unknown on what the possible ramifications on Bitcoin will be, over the near-term and longer-term. Perhaps more interesting is the knock-on effects to other cryptocurrencies. As mentioned earlier in the article, Ethereum miners are looking to move to Bitcoin Gold once the fork has been implemented, which suggests that the value of Ethereum will be under pressure. Bitcoin could continue to upgrade by way of implementing forks that could see interest in other cryptocurrencies erode. The Best and Safest Way to Buy and Sell Bitcoins For those who are looking to take advantage of Bitcoin and other cryptocurrencies price fluctuations, provide traders with instant access to trade Bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies.
The process is fast and easy with convenient and advanced trading platform (desktop and mobile), low spreads and instant execution.. This was originally posted on FX Empire More From FXEMPIRE: • • • • • •. Reuters Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, amid worries about a regulatory clampdown globally. This week's slump brought the total market value of cryptocurrencies down to around $400 billion, half the high it reached in January, according to industry tracker Coinmarketcap.com. The market value of cryptocurrencies is calculated by multiplying the number of digital coins in existence by their price, although many question whether that is the right way to value them. Bloomberg Frontier Communications Corp.
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Time President Donald Trump on Friday authorized the release of a controversial memo that reportedly accuses the FBI of abusing its surveillance powers in its investigation into whether Trump’s presidential campaign colluded in Russian election meddling. The memo is expected to become public later on Friday. The memo, which follows an investigation directed by Republican House Intelligence Committee chairman Devin Nunes of California, has been touted by Republican lawmakers and conservative media figures as confirmation of supposed political bias against Trump among the country’s top law enforcement officials. FiveThirtyEight Republicans are skeptical but Americans overall support it. It’s hard, therefore, to see the much-hyped “Nunes memo,” which Trump declassified and congressional Republicans then made public on Friday, changing all that much.
Trump has reportedly told friends he thinks the document — which was written by Republicans on the House Intelligence Committee, led by California’s Devin Nunes, and criticizes the FBI’s conduct in the early stages of the Russia investigation — will undermine special counsel Robert Mueller’s probe, but opinion on Trump, Mueller and Russia largely falls along partisan lines, which will make it hard to move. Time Addressing fellow Republicans at the House and Senate Republican Member Conference in White Sulphur Springs, West Virginia, mentioned the wildlife refuge known as ANWR in Alaska’s northeast corner as he recounted accomplishments in the last year, including the tax bill passed by Congress in December.
Trump said he “never appreciated ANWR so much” but was told of its importance by others. “A friend of mine called up, who’s in that world and in that business, and said, ‘Is it true that you’re thinking about ANWR?’ I said, ‘Yeah, I think we’re going to get it, but you know.’ He said, ‘Are you kidding? Quartz Soon, baseball fans won’t have to bear with Chief Wahoo. Heeding pressure from the Major League Baseball’s commissioner, the Cleveland Indians announced this week that it will phase out the red-faced mascot from its uniforms by next season. Like the name and branding of the equally controversial Washington Redskins football team, the Indians’s 66-year old symbol has been widely condemned as an offensive, “racist caricature,” and Native American groups have been calling for Chief Wahoo’s abolition since the 1970’s. Insider Monkey Florida-based Polen Capital sees value in Celgene Corporation (NASDAQ:CELG), which struggled during the past year.
The biotechnology company dropped nearly 10% in 2017. Polen Capital, however, is still confident about Celgene, and in its Q4 investor letter (a copy of which can be downloaded here), the investment firm noted that it sees 'ample opportunities' for the company to grow. A similar confidence was expressed lately by another investment firm Wedgewood Partners, which called the biotechnology company a compelling growth opportunity in its Q4 investor letter. Time When President Donald Trump met with Aflac employees in the Oval Office to discuss tax cuts, he noted that First Lady Melania Trump once starred in a TV ad for their company.
Because the internet never forgets anything, a copy of the campy 2005 Aflac commercial starring the future First Lady and a talking duck can still be seen on YouTube. Trump has no lines in the ad except the end, when she opens her mouth and quacks like the Aflac duck before starring at her newly webbed feet in horror. MarketWatch Heading into its fourth-quarter earnings report scheduled for Feb.
13, analysts are raising concerns about Under Armour Inc.’s relevance, with everything from the company’s products to its choice of a flagship location being called into question. The holiday season was a cheerful one for retailers, and Wedbush analyst Christopher Svezia expects Under Armour(UAA)to exceed “low” expectations in the quarterly results. How To Mine A Viacoin VIA.
“It is clear that consumer interest [in] the Under Armour brand is not what it once was, as seen in its North American sales declines and its recent first sales decline in memory,” Wedbush said in a note published Wednesday. Bloomberg The fastest-ever rotation into stocks from Treasuries and high-yield debt has strengthened Bank of America Merrill Lynch’s contrarian sell signal, as risk-hungry investors shrug off the global equity selloff.
Stock funds completed another “massive” week of inflows following a record influx last Friday as strong earnings reports offset concerns over a jump in U.S. Government bond yields. Investors poured $25.7 billion into equities in the week to Jan. 31, taking the total inflow for the year to a 'remarkable' $102 billion, the bank said, citing EPFR Global data.