Is It Illegal To Mine Bitcoin Gold BTG
Bitcoin Gold is a new fork of the original Bitcoin blockchain whose mainnet launched on November 12th, 2017. This new fork allows anyone with a. This altcoin has the same abilities of Bitcoin, but its mining algorithm works a bit differently. 99 Comments on 'How to Claim Bitcoin Gold (BTG). How To Mine Bitcoin Gold (BTG Coming To MinerGate). The South Korea government is investigating the use of cryptocurrency in illegal foreign currency exchange. What Is Bitcoin Gold (BTG)? How To Start Mining Bitcoin Gold? You can claim 5 Bitcoin Gold. But, If you kept the Bitcoins in an exchange wallet or online wallet.
Bitcoin Gold is a new fork of the original Bitcoin blockchain whose mainnet launched on November 12th, 2017. This new fork allows anyone with a GPU to mine as opposed to Bitcoin and Bitcoin Cash, which only allow expensive Application Specific Integrated Circuit (ASIC) machines to mine. Ubiq UBQ Mining Pool Profitability here.
'I have a GPU! How do I start mining?' • First you need a few components, namely a Miner, a Wallet, and a Pool in that order. Give me the step by step!' • Luckily I don't need to. A nice gentleman who goes by cTnko has everything 'But what about the pool???' • This is up to personal choice really, but for the sake of convenience lets use Suprnova as an example: • • (username and password are whatever don't think too hard about it.) • (Note: Scroll to the bottom for options.
Web-based not recommended for security reasons.) • • cTnko back again to save the day. This video shows how to setup for ETH but the steps are the same for 'I'm still confused!'
• cTnko GUI ->Pools ->(equihash, btg.suprnova.cc, 8816,, Note (Optional)) ->Add Pool. • cTnko GUI ->Wallets ->(blank,, Bitcoin Gold) ->Add Wallet. • cTnko GUI ->Overview ->(btg.suprnova.cc (equihash), (Bitcoin Gold), ) ->Add Job. • cTnko GUI ->Overview ->Add GPU ->Start Job Don't forget to tweak with the TDP% in Hardware so you don't use 100% power for nothing. Mine Nexus NXS Without Hardware.
Happy Mining! Thank you so much! I must be having a graphical glitch on GUI with it saying inactive or something as I have 'Unconfirmed: 0.0003 BTG' and accepted shares coming up on the prompt. One question for you! Should I use Coinomi or the Bitcoin Gold client for my wallet? The client is taking forever to sync, but I think having it stored on my PC is more safe than my phone (unless there is a way to get Coinomi on my PC) Is it a matter of preference? Thanks again man!
I sincerely appreciate your help!:) • • • • • • •.
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. 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?