New Bitcoin Fork: BitcoinGold. GPU Mining

[Geenstijl]

Here some information about BitcoinGold project which plans to be forked 25 October. The main aim is to make bitcoin decentralized as it should be. Mining algorithm is equihash (like at ZEC).

Official site: http://btcgpu.org/
Twitter: https://twitter.com/btcgpu
Facebook: https://www.facebook.com/btcgpu

I've just heard the news and make this post here. I'm not related to this project.

Will they be success? Let's share opinions.

[svojoe]

Due to mining profit reducing last few weeks this fork could be successful just like Bitcoin Cash. There will be many supporters with GPU rigs around if their profitability would be more than current.

[g4r1n1m]

what is the idea of this forks?
how it makes bitcoin decentrelised?
i read about it in few posts now and i just can not get it
can some1 explain?

[skyline247]

Guaranteed this fork fails. Bitcoin is both cash and gold... why do we need 3 separate currencies, one for cash and gold when Bitcoin already serves all of these purposes?

[BillyBobZorton]

Here some information about BitcoinGold project which plans to be forked 25 October. The main aim is to make bitcoin decentralized as it should be. Mining algorithm is equihash (like at ZEC).

Official site: http://btcgpu.org/
Twitter: https://twitter.com/btcgpu
Facebook: https://www.facebook.com/btcgpu

I've just heard the news and make this post here. I'm not related to this project.

Will they be success? Let's share opinions.

Just another senseless fork. It has no real long term value because it brings nothing new to the table. Equihash is not a bright enough idea to avoid centralization of hashrate. I believe Bitcoin will have a hardfork long term with multi randomized algo changes that will avoid miners from stacking ASIC machines.

Dump this fork when you get the coins.

[Maveth13]

It's stupid to see miners already planning to switch to this new forked coin for quick and extra profit. Just like what happened in august with bitcoin cash. I guess we're going to experience long transaction times again.

[HansWermhat]

What is the benefit of this over Bitcoin Cash? Just easier to mine?

[senin]

The positive thing is that the bitcoin holders will receive a new Bitcoin Gold coin in their digital wallets on the day of the next hard fork. Will this coin be useful, time will tell. If not, she will die, as many altcoys are doing now.

[Hafik]

Things like this are very eagerly awaited by miners. because all this time can only mine coin that price is not too high. probably the most frequent in the mine ie ETH.

[rudystyle]

More coins to sell for Bitcoin holders!

[Tony116]

There is no sense in this fork at all except mining. Anyways I don't think it would be some kind of top-50 altcoins. But before 1st August everybody has told the same about bitcoin cash and it's top-5 coin for now. Unexpectedly!

[auliahr]

i am confused why hardfork can happen, can anybody give the reason? yesterday just happened hardfork and gave birth to bitcoin cash.
what do you think if this hardfork happens later, what is your hope? will the btc price be up or down?

[Marvell1]

i am confused why hardfork can happen, can anybody give the reason? yesterday just happened hardfork and gave birth to bitcoin cash.
what do you think if this hardfork happens later, what is your hope? will the btc price be up or down?

If bitcoin gold does have good marketing strategy I suppose the btc price behaviour will be just the same as before 1st August hardfork.

[btcdiggingmaster]

It's stupid to see miners already planning to switch to this new forked coin for quick and extra profit. Just like what happened in august with bitcoin cash. I guess we're going to experience long transaction times again.

I don't know why these people are creating coin as related to bitcoin and giving them as free. What are the exact benefits are they going to get, really I think it is going to be very exciting for Bitcoin holders but not for all.

[talkbitcoin]

this is obviously another shitcoin that is going to be abusing the bitcoin brand to its own advantage and to become a pumped up coin. i don't keep high hopes for this one either although i have been hearing a lot of hype regarding this. so it can be possible to a big rise and a very nice pump to this coin but in the end there will be no real usage for this except to mine and dump and pump and dump.

[BitcoinHodler]

i think this can actually be a very interesting new altcoin only because of its way of mining.

you see in a short while ETH mining will die for good. then inevitably ETC will also follow. that means a huge mining community with a lot of hashrate will be left behind with nothing to mine and make the same profit. there are of course other altcoins but with not the same profit as the pumped up ETH used to give them.

this new coin is a good option for GPU mining and it is even in its name! that makes it a good option for them and collectively it can be pumped bigger than ETH even.

[adam1230]

No detailed info. No whitepaper. This coin will be listed in Yobit as usual. There is no place in Bittrex for this coin.
We already have too many forked coins and all of them used to pump -dump and other things but not for investment and daily usage.
i will not mine this coin for sure

[CuriousGeorge]

And now another shit coin that tried to steal the popularity and demand from the bitcoin again just like a crap bitcoin cash. But if this will be another fork for bitcoin and that looks terrible, I was expecting every year there will be the new forked shitcoin from bitcoin. This just a crap.

[The Enoeht]

One the reasons why Bitcoin doesn't have a future. A pack of charlatans will get to do this every quarter and make billions of naive cretins who will buy it, in hope "to daaaa MOOOnnnnn yeahhayy". Idiots! Stop with this forking nonsense. I don't give a shit about miners, go mine something else, basement dwellers!

[BitcoinHodler]

No detailed info. No whitepaper. This coin will be listed in Yobit as usual. There is no place in Bittrex for this coin.
We already have too many forked coins and all of them used to pump -dump and other things but not for investment and daily usage.
i will not mine this coin for sure

it is not yet released and there is 25 days left to the deadline they have given.
the Code is already ready and available on Github if you like to take a look at it and see what are the differences between this and bitcoin.

i don't think it will be a Yobit shit coin but at the same time it won't be anything really useful either. as i said above my speculation is that because of mining this can potentially turn into a nice pumped altcoin.