New Bitcoin Fork: BitcoinGold. GPU Mining

[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?

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

Okay, so there's nothing to be afraid of hardfork events later on. Is there a particular mission from appearing this bitgold?
But I'm sure bitgold will be the same as bitcoin cash whose price is far below bitcoin.

[Vansire]

Is it backed by physical gold? If not, why call it BitcoinGold?

[Jovovich]

Is it backed by physical gold? If not, why call it BitcoinGold?

Dude they just named it like that for identification. Bitcoin cash was not backed up by anything nor cash. It is just term for new coins that would be made out of bitcoin by the management of blockchain.

[Remainder]

It is an another bitcoin split again or not? their is no other info on their website it just a date.
I think is just another altcoin with a different purpose and it just like bitcoincash and maybe it can grow bitcoin price again.

[mmo_online_1981]

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.

i see, now we have no info about it!

[rafter_01]

How would a Newbie purchase some bitcoinGold when it becomes available?

What price would it start at?

[xHire]

LOL, the greediness! https://github.com/BTCGPU/BTCGPU/commit/925606b6cba5e866026fd7726a75470384ed8782

[coastbank]

It only looks like one more reason to buy more bitcoin next months for me. I will never completely pass my holdings to forks as I am here because of bitcoin. Free coins are always accepted, to be dumped!

[Mallyx]

LOL, the greediness! https://github.com/BTCGPU/BTCGPU/commit/925606b6cba5e866026fd7726a75470384ed8782

16k blocks will be premined. That's 200k BTG.

[Ayers]

i like this thign because it promote gpu mining and not stupid asic, but i think the value will not be higher than the bitcoin cash couterpart, and i don't like equihash as main algo, it's very minable by fpga and can be mined by asic in the future if bitcoingold become big enough

[bamb]

I am so tired of all these folk! They keep diluting the market unnecessarily! It high time we start attacking this folk. Frankly speaking they are bad fir business

[BTCLovingDude]

How would a Newbie purchase some bitcoinGold when it becomes available?

What price would it start at?

you wait until the new altcoin is listed on some exchange, then if you don't already have an account in those exchanges you sign up and deposit some money/bitcoin to buy that altcoin.

what the price will be depends on the demand. it is impossible to give any opinion right now. it can be anything from 1000 satoshi up to 0.1 bitcoin.

[cryptowye]

Just part of the evolution of Bitcoin,  not all altcoins would make it and probably wouldn't last for next few years.

[BitcoinHodler]

LOL, the greediness! https://github.com/BTCGPU/BTCGPU/commit/925606b6cba5e866026fd7726a75470384ed8782

ah, this changes things a little.
if there were no premine crap like this, i could have seen this coin to be a nice option for pump and dumps and consequently as a good option for mining too. but depending on what they are going to do with that huge amount of premine things can go different ways.

[bamboylee]

I do not see any added value by this project. Is this just an attempt to get free money just like what happened with bitcoin cash? This is a bad trend if hf keeps happening to bitcoin.

[twicezeroiszero]

How would a Newbie purchase some bitcoinGold when it becomes available?

What price would it start at?

you wait until the new altcoin is listed on some exchange, then if you don't already have an account in those exchanges you sign up and deposit some money/bitcoin to buy that altcoin.

what the price will be depends on the demand. it is impossible to give any opinion right now. it can be anything from 1000 satoshi up to 0.1 bitcoin.

In my opinion, the price of new BitcoinGold not high like Bitcoin Cash.
What do you think about a chance airdrop free a huge money can repeat in a short time (only 3 months)?

[Minor Miner]

How would a Newbie purchase some bitcoinGold when it becomes available?

What price would it start at?

you wait until the new altcoin is listed on some exchange, then if you don't already have an account in those exchanges you sign up and deposit some money/bitcoin to buy that altcoin.

what the price will be depends on the demand. it is impossible to give any opinion right now. it can be anything from 1000 satoshi up to 0.1 bitcoin.

In my opinion, the price of new BitcoinGold not high like Bitcoin Cash.
What do you think about a chance airdrop free a huge money can repeat in a short time (only 3 months)?

Any fork is pretty useful for the market. It is some kind of quantitative easing, which used in classic economics in order to lower interest rates and increase the money supply.

[cryptodoll]

The era of hardforking BTC has begun. I expect to see multiple hard forks over the next handful of quarters, just a way to try and make some free dough. Its like, "Hey! holders of BTC get a bonus!" The good thing is right after the fork, holders of BTCG will dump their coin and use that free money to invest into altcoin. There will be a nice alt pump afterwards.

CryptoDoll

[innoachukwu]

Let's wait and see. But all these forking isn't doing good to bitcoin.

[Kwelstr]

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.

This fork looks more and more like a bad idea or a scam. Beware if no replay protection guys. :/