What You Need To Know To Get FREE Bitcoin Gold During The Fork.

[Wall-ET]

Okay, but what i dont understand is how the 1 BTC on my hardware wallet somehow magically gets 1 Bitcoin Gold andd possible the other two currency? Sorry if im being dumb! Really appreciate your replies

It is ok. no problem I will explain:
The new coin uses the history (ledger) of BTC.
So all the keys that open coins in BTC will open the same coins in the forked coin.
This is all correct for the amounts available in the wallets before the fork...
After that the amount in the wallet does not matter anymore...

Hope now it is much clear...

[hamdam]

Whats the last deadline to keep Bitcoins in the wallet to get free Bitcoin Gold i.e. Stop doing any transactions of Bitcoins ?
For example: Is it possible to have bitcoins in my wallet on 24th October and take advantage of free Bitcoin Gold on 25th October? or must I keep it there earlier for some time?

[DIA7]

i see that you sad move your Bitcoin to a desktop wallet so you can get Bitcoin gold after couple of days from the fork so i want to know if any wallets will be working on mobile that can give you private keys and by that giving you the chance to have bitcoin gold at the end
also i'm hearing that the new bitcoin currency wouldn't worth that much and more likely not to get past the value of 1mbtc so you have to hold more bitcoin to get something worth trading because if it is like that you can lose more then you gain on transaction fees alone.

[CryptoMDS]

Hey guys and girls -

Thanks for all the private messages, sorry if I have not been able to get back to you yet, Ill try to do my best to answer everyone's questions. 

ON TO THE FORK:

As most or at least some of you know, Bitcoin is (again) forking.  There are TONS of articles out there on what, why and when.  But I see a lot of people unsure about what they need to do to be able to get this new Bitcoin Gold and what it means for Bitcoin.

Without further adio' here are answers to the most common questions Ive been asked:

1.  When is this fork?
The actual fork is Oct 25th -ish.  There is a general consensus that this will be the date that the block 494,784 will be mined.

2.  What the hell and why is there another fork?
The idea is that this will make the new fork minable by "normal" computers and generally be a faster, (less fees) version of Bitcoin. 

3. If Bitcoin isnt owned by someone, who decided to "fork it"
Anyone can fork Bitcoin, BUUUUUT the new chain will only have value if the community decided to mine and use it. 

4. How do I get some of this new FREE money called Bitcoin Gold?
Follow these steps:
1. If you have Bitcoin on an Coinbase or any other purchasing/exchange platform - MOVE IT.
2. Move it by, creating a desktop wallet for your Bitcoin and transfer the coins to that wallet.
3. Do nothing. Yep. Nada.  Here is where people get confused. 
4. IF YOU control the private key for your Bitcoin via a desktop wallet then YOU will have Bitcoin Gold in equal amounts.

5.  Wait, so how do I get this Bitcoin Gold, do I need a special wallet, how do I find the Gold?
Lets say you now put your Bitcoin into your desktop Wallet with a private key of "123456789qwertyuiop".  That key allows you to log in and view that BITCOIN.   Now you wont see the Bitcoin Gold in that wallet because it likely does not (yet) support the Bitcoin Gold chain.  You now have 2 options to "FIND" your Bitcoin Gold.  Option 1 is to FIND a Wallet that supports Bitcoin Gold (likely after Nov 1st).  Download the NEW Bitcoin GOLD Wallet and use the same private key "123456789qwertyuiop" you use to access Bitcoin, to access the Bitcoin Gold.  The NEW Bitcoin Gold will appear in your Bitcoin Gold enabled wallet. 

FINAL THOUGHTS:

There is NO rush to get your Bitcoin Gold so long as you have Bitcoin stored on a hardware, paper or desktop wallet where you control the private key before the snapshot Oct 25th.

I would wait until late Nov to find a Bitcoin Gold wallet to transfer to because there will inevitably be fake, scam, poorly run wallets that may expose you to losing your Bitcoin via the private key.  Take you time to find a trusted wallet.

Cheers and happy investing!

Thank you for the time you took to write this, it's very simple yet very informative and straight to the point.

[flippener]

I hope hardware wallets also support BTG. In August my Ledger Nano got upgraded so it showed a BCC balance as well as a BTC one - fingers crossed the same will happen this time.

[Hakims]

Maybe this will lead to a drop of BTC value in November

[xianbits]

I have read in one thread that there is a minimum bitcoin requirement to avail the free bitcoin gold, which is 1 btc, is that true?
So basically, the things we need to do are exactly the same thing we did on the August fork, right? I think there are no difference in terms of preparation.

[ron_]

The regatta begins. Nice picture.

[Wall-ET]

Whats the last deadline to keep Bitcoins in the wallet to get free Bitcoin Gold i.e. Stop doing any transactions of Bitcoins ?
For example: Is it possible to have bitcoins in my wallet on 24th October and take advantage of free Bitcoin Gold on 25th October? or must I keep it there earlier for some time?

It is good to have them there on the 24th, as we d o not know exactly when on the 25th they will take a snapshot of the blockchain. And to be on the safe side, keep them there up until the end of 26th, so you will be sure you will get them. The idea to have them on a PC is that you will have access to the private keys. This will give you access to the gold.
As the wallet you got will not support gold, but the keys will unlock it once you get to a wallet that supports gold.

Good luck

[xskl0]

Wil not be easy for newbies

[tradecoin.me]

What about people who have not yet claimed their Bitcoin Cash from the bitcoin wallets yet, will they be able to claim both Bitcoin Cash and Bitcoin gold after the fork, from the same wallet? With same private keys?
Or is it better to extract Bitcoin Cash before the fork?

Asking the same thing.

[Wall-ET]

What about people who have not yet claimed their Bitcoin Cash from the bitcoin wallets yet, will they be able to claim both Bitcoin Cash and Bitcoin gold after the fork, from the same wallet? With same private keys?
Or is it better to extract Bitcoin Cash before the fork?

Asking the same thing.

You need the private keys. If you have them you can access the coins.

If you have Bitcoin on the wallet @ time of BitCoinCash => you have access to BCH with the keys.
If you have not moved the BTC after 25th => you got access to Bitcoin Gold as well.
All you need is the private keys.
If your wallet (The software) does not support the forked coins, transfer the BTC to a new wallet (new pair of keys) and then you can use the keys to access your forked coins from a wallet (software) that supports one or both forked coins.

[AirlieBeachBoy]

This a very educative information. I want to know what you mean by desktop wallet. Is it the normal blockchain.info wallet that we all know or is it another type of wallet?

It means NOT keeping your coins in something like blockchain.info wallet, it is an online wallet.
What is meant by desktop wallets are wallets like Electrum, and Bitcoin Armory, the ones that you have complete control over our money on, and where you have control of your private keys.

Actually Im not sure this is true. I *think* (but Im not certain) that blockchain.info users will be able claim BTG after the fork, but I really want to get some clarity on this.

I had BTC stored in a blockchain.info wallet during the BCH fork and I was able to claim all the BCH I was entitled to. At that time I actually had my BTC stored in what blockchain.info refers to as 'imported addresses' and I was able to use Coinomi to get that BCH. I used Coinomi to get about half of the BCH I had. Then, just a few days ago blockchain.info released their own support for BCH making it possible for me to claim the rest of my BCH within my blockchain.info wallet, without having to use Coinomi. I am hoping that blockchain wallet users will also be able to claim BTG after the coming fork as well.

But I'm hoping others have more info on this? I will message blockchain support to ask and Ill post whatever response I get back.

Thanks for your generous answer but what happens I keep my bitcoin in web wallet let?s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.

In this case you do not have the private keys thus no access to the forked coins...

EDIT: You will need a paper wallet or @ PC or Hardware wallet in order to have access to the forked coins...

Blockchain.info wallet users do have access to their private keys. You dont get the private keys itself, rather you have a 'recovery phrase' that serves as your private key and allows you to import you blockchain wallet into any other desktop wallets if you wanted to.

From the blockchain.info blog:
As always, our wallets are non-custodial and you, our users, hold the private keys, meaning you always have full, exclusive access to your funds with your recovery phrase and can import them into another wallet of your choosing.

So blockchain.info wallet users do have access to our private keys (via the recovery phrase). I think you would claim your BTG like this:
-After the BTG fork you would transfer you BTC to another wallet for security.
-Then you would use the recovery phrase of the old wallet that held BTC during the fork to claim BTG in a wallet that supports BTG.
-You would be able to use any desktop or online wallet to claim the BTG that supported importing an address via a recovery phrase?

Please note that I'm not certain this is the case. I'm researching this now and would appreciate any input from others.

[Ayiranorea]

I believe this happens completely upon the support from the wallet service providers. When the days gets closer to the fork, we'll get notifications from the wallet service renders what needs to be done and what shouldn't be by the time of fork to get all the assets in terms of bitcoin gold or in terms of bitcoin.

[Wall-ET]

This a very educative information. I want to know what you mean by desktop wallet. Is it the normal blockchain.info wallet that we all know or is it another type of wallet?

It means NOT keeping your coins in something like blockchain.info wallet, it is an online wallet.
What is meant by desktop wallets are wallets like Electrum, and Bitcoin Armory, the ones that you have complete control over our money on, and where you have control of your private keys.

Actually Im not sure this is true. I *think* (but Im not certain) that blockchain.info users will be able claim BTG after the fork, but I really want to get some clarity on this.

I had BTC stored in a blockchain.info wallet during the BCH fork and I was able to claim all the BCH I was entitled to. At that time I actually had my BTC stored in what blockchain.info refers to as 'imported addresses' and I was able to use Coinomi to get that BCH. I used Coinomi to get about half of the BCH I had. Then, just a few days ago blockchain.info released their own support for BCH making it possible for me to claim the rest of my BCH within my blockchain.info wallet, without having to use Coinomi. I am hoping that blockchain wallet users will also be able to claim BTG after the coming fork as well.

But I'm hoping others have more info on this? I will message blockchain support to ask and Ill post whatever response I get back.

Thanks for your generous answer but what happens I keep my bitcoin in web wallet let?s say blockchain.info where I am holding access for my private key. Can able to get bitcoin gold.even till now I dint claim bcc for the holding I had in blockchain.info on august fork.

In this case you do not have the private keys thus no access to the forked coins...

EDIT: You will need a paper wallet or @ PC or Hardware wallet in order to have access to the forked coins...

Blockchain.info wallet users do have access to their private keys. You dont get the private keys itself, rather you have a 'recovery phrase' that serves as your private key and allows you to import you blockchain wallet into any other desktop wallets if you wanted to.

From the blockchain.info blog:
As always, our wallets are non-custodial and you, our users, hold the private keys, meaning you always have full, exclusive access to your funds with your recovery phrase and can import them into another wallet of your choosing.

So blockchain.info wallet users do have access to our private keys (via the recovery phrase). I think you would claim your BTG like this:
-After the BTG fork you would transfer you BTC to another wallet for security.
-Then you would use the recovery phrase of the old wallet that held BTC during the fork to claim BTG in a wallet that supports BTG.
-You would be able to use any desktop or online wallet to claim the BTG that supported importing a wallet via a recovery phrase?

Please note that I'm not certain this is the case. I'm researching this now and would appreciate any input from others.

Ahh if you have the recover phrase - yes you have the private keys and will be able to access them
Good think they have changed it (I used them in the beginning and do not remember how it was back then 4 years ago..)

But as they give you the keys it is you how has access to the wallets and you will be able to access them the same way you did with BCH

[AirlieBeachBoy]

Ahh if you have the recover phrase - yes you have the private keys and will be able to access them
Good think they have changed it (I used them in the beginning and do not remember how it was back then 4 years ago..)

But as they give you the keys it is you how has access to the wallets and you will be able to access them the same way you did with BCH

Well... when I claimed BCH I did it two ways.

At the time of the BCH fork my BTC was in 'imported addresses' which were BTC addresses imported into the new blockchain wallet interface from the previous incarnation of the blockchain wallet. These imported addresses were not held in the user's main blockchain wallet, and they were not recoverable using the recovery phrase for the main wallet. Rather the user was given the exact private key for each imported address. Therefore it was possible to use the private key to claim your BCH from each address. In my case I used a process with Coinomi where I entered the private key for each imported address and was able to claim my BCH that way. I used that process to claim approximately half of my BCH.

Then blockchain announced they would support BCH and would provide a tool for claiming BCH. So I decided to wait for that to go live to claim the rest of my BCH rather than use Coinomi coz tbh that process was a pain in the neck, Coinomi's BCH support was quite buggy. So I was able to use the blockchain.info tool to claim the second portion of my BCH from the last of my imported addresses.

However at the time of the BCH fork I didn't have any BTC in my main blockchain wallet it was all in imported addresses, so I havent ever tried to claim BCH using the recovery phrase. Im not sure how that process works and which wallets etc would have been used at the time in that process.

I have since moved my BTC from the imported addresses into my main blockchain wallet address, so in my case the process for claiming BCG is going to be different to how I claimed BCH: I'll have to use the recovery phrase rather than the exact private key associated with each imported address.

I assume the process will be as I posted above. Using a wallet other than blockchain, that supports BTG and supports importing addresses via a recovery phrase.

As far as I know blockchain.info wont be supporting BTG straight away, and if they do provide support its likely to be weeks / months after the fork, like for BCH.

But yeah, I think we can use the recovery phrase to claim BTG with another wallet. Hope Im right about that.
 

[Denker]

I believe this happens completely upon the support from the wallet service providers. When the days gets closer to the fork, we'll get notifications from the wallet service renders what needs to be done and what shouldn't be by the time of fork to get all the assets in terms of bitcoin gold or in terms of bitcoin.

Yes that's probably what's gonna happen.
As Bgold uses replay protection there shouldn't be any big issues for users to split their coins.
I believe most of the wallet providers will make announcements close to the hardfork or shortly after it happened.

[Wall-ET]

Ahh if you have the recover phrase - yes you have the private keys and will be able to access them
Good think they have changed it (I used them in the beginning and do not remember how it was back then 4 years ago..)

But as they give you the keys it is you how has access to the wallets and you will be able to access them the same way you did with BCH

Well... when I claimed BCH I did it two ways.

...

However at the time of the BCH fork I didn't have any BTC in my main blockchain wallet it was all in imported addresses, so I havent ever tried to claim BCH using the recovery phrase. Im not sure how that process works and which wallets etc would have been used at the time in that process.

I have since moved my BTC from the imported addresses into my main blockchain wallet address, so in my case the process for claiming BCG is going to be different to how I claimed BCH: I'll have to use the recovery phrase rather than the exact private key associated with each imported address.

I assume the process will be as I posted above. Using a wallet other than blockchain, that supports BTG and supports importing addresses via a recovery phrase.

As far as I know blockchain.info wont be supporting BTG straight away, and if they do provide support its likely to be weeks / months after the fork, like for BCH.

But yeah, I think we can use the recovery phrase to claim BTG with another wallet. Hope Im right about that.
 

Yes you will need to find a wallet that supports the forked coin and passphrase in order to access the forked coins.
Also remember that with the passphrase you will be able to access any BTC as well (if present). so remember to move the BTC (if you will not use it soon I suggest paper wallet)...

[AirlieBeachBoy]

Yes you will need to find a wallet that supports the forked coin and passphrase in order to access the forked coins.
Also remember that with the passphrase you will be able to access any BTC as well (if present). so remember to move the BTC (if you will not use it soon I suggest paper wallet)...

Yes the first step would be to transfer BTC to a new wallet after the date of the fork. I would do that before attempting any steps to claim BTG.

[hazznel]

You mentioned mining by normal computers. How can we mine Bitcoin Gold right away? Is there a trusty website for mining?