Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: udayantha11 on October 24, 2017, 07:11:39 AM



Title: Bit coin gold
Post by: udayantha11 on October 24, 2017, 07:11:39 AM
Please explain whats the advantage of bit coin gold


Title: Re: Bit coin gold
Post by: paolo099 on October 24, 2017, 07:13:48 AM
welcome to the forum!
There are literally 10+ topic about BTC gold, there is no need to open a new one, use the search button or just go through the first page if this forum and you will have all the information required, doesn't make any sense to start again a new topic about the most discussed topic nowadays; come on, i understand you want to raise your postcount but the basic rule of this forum is to be able to read :)


Title: Re: Bit coin gold
Post by: junoreactor on October 24, 2017, 07:22:06 AM
Hi udayantha11,
It is Bitcoin gold (not bit coin gold  ;) ) . Bitcoin gold will be a hard fork in Bitcoin's blockchain. Right now, the network is monopolized by mining pools.
Bitcoin gold aims to fight the mining centralization, so we can go back to the early days of Bitcoin when anyone could mine with profits.
All Bitcoin holders will get free Bitcoin gold, like a dividend. Then you are free to hold them or sell them straight away, that's your call.

As paolo said, get the most information you can on this forum, and Google, Youtube. etc.


Title: Re: Bit coin gold
Post by: udayantha11 on October 24, 2017, 02:04:20 PM
Yes


Title: Re: Bit coin gold
Post by: makishart on October 24, 2017, 02:13:44 PM
Please explain whats the advantage of bit coin gold
Bitcoin gold aims nothing, with the recent news about the bittrex investigation regarding the bitcoin gold and it just like bitcoin gold as a scheme to make the developer become a millionaire caused by the pre mined token.
No replay security. This seems to be crap altcoin, i meant about another crap altcoin which has used the name of bitcoin to pump the hype for the bitcoin gold itself. People just care caused by it is the free money.


Title: Re: Bit coin gold
Post by: artras on October 24, 2017, 02:15:26 PM
Bitcoin Gold implements a new PoW algorithm, Equihash, that makes mining decentralized again. Special computer hardware designed for BTC mining (ASICs) is obsolete for mining BTG, giving ordinary users a chance to mine with ubiquitous GPUs.


Title: Re: Bit coin gold
Post by: coinfoundry on October 24, 2017, 02:26:18 PM
Bitcoin Gold implements a new PoW algorithm, Equihash, that makes mining decentralized again. Special computer hardware designed for BTC mining (ASICs) is obsolete for mining BTG, giving ordinary users a chance to mine with ubiquitous GPUs.

Equihash it not new at all. Its the POW used by ZCash and derivates for years.