The Bitcoin Gold (BTG) User Activated Soft Fork Happening ter Less than Five Days – Crypto Mining Blog

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Earlier this month wij have told you about the upcoming Bitcoin fork called Bitcoin Gold (BTG), but now just a duo of days before it actually happening there are much more details than at the initial announcement. There are still fairly a few things that are not clear yet, but the user rente te this fork is growing and that is no wonder when users holding BTC will be getting the same amount of BTG on October 25 when the fork is expected to toebijten. Bitcoin Gold (BTG) forks at block 491407 where a snapshot of the Bitcoin blockchain will be made te order to credit Bitcoin holders with their Bitcoin Gold coins (the same amount of BTC they hold will be available ter BTG). Bitcoin Gold promises replay protection, meaning that after the fork occurs the two networks will proceed to function independently form each other and transactions of coins ter one of them will not affect the other one.

One of the most interesting things about the fresh Bitcoin Gold (BTG) is that after forking from Bitcoin it will adopt a different mining algorithm and the chosen one is Equihash (the one introduced by ZCash), so the fresh coin will be mineable with movie cards and not ASICs. This is what is essentially getting the attention of the many GPU miner out there that do not have any or just a little ASIC mining power. This is essentially eliminating the large ASIC mining farms from able to mine the coin spil there are presently no known ASIC miners available for the Equihash algorithm, however it still cannot do anything about any large GPU mining farms and such also exist similar to the big ASIC mining farms. Still smaller GPU miners will be able to get into the mining of Bitcoin Gold (BTG) even with one movie card, something they are not able to do with Bitcoin anymore.

There are still thing that are not clear about the fork such spil what exchanges will support it and will credit the users holding Bitcoin with BTG after the fork. Some exchanges like HitBTC and Yobit, along with a few mining pools, have voiced their will to support Bitcoin Gold. The largest and most used Bitcoin exchanges however are still to come out with official statements regarding the fork, so the best thing is to hold your Bitcoins te a local wallet where you have utter control overheen the private key ter order to be able to voorwaarde BTG coins after the fork. The exchanges are most likely waiting to determine based on user rente spil well spil to see if the fork will be successful and problem free and come out with statements after that or their users may force them to.

The things that are not getting too much attention are mostly centered around the final specifications of the coin that are not very clear. For example the initial announcement mentioned tattoo the Bitcoin Gold (BTG) fork will have 16000 blocks premined with 12.Five BTG prize for each (200000 BTC coins) that will be sold to ICO investors, tho’ the official project webstek does not talk about that at all. The fact that the BTG is capped at 21 Million coins just like Bitcoin and adopts Ten minute lock time, just like the original BTC, 12.Five BTG current coin prize?, halving every Four years maybe? and so on… Since there have bot already 16.6 Million BTC mined with a total of 21 that leaves less than Four.Five Million coins left to be mined overheen a very long period of time. All of thesis kinda leave a big question mark about the mining part of BTG and spil wij’ve explained there are still significant things that are not very clear just a few days before the fork happening.

Related movie: I Abandon MY JOB FOR BITCOIN AND CRYPTOCURRENCIES


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