Marija19 (OP)
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October 17, 2017, 09:59:01 AM |
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Hey guys,
just read a post about the new hardfork. I heard that the mining difficulty for Bitcoin Gold will be again "easy". Is that true? Can I use the cards I use for ethereum mining, for Bitcoin Gold?
Thank you in advance!
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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BitcoinboyBlog
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October 17, 2017, 12:52:53 PM |
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That is the goal of Bitcoin Gold. They want to make it ASIC proof so that only GPUs can Mine it. I definitely will try it out when it comes out.
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The Hitman
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October 17, 2017, 01:00:38 PM |
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Wondering what rig would be profitable, at least in the beginning. Because right now, my ZEC 4X480 Nitro's aint making shit.
Plus what happened with all that "save the worlds energy,go green" crap. With all that mining farms that mined Ethereum until now, these guys are sure to get a nice start up hash power. What else do they have to offer. I just hope they will give us ZEC guys some room to breathe
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ThaBigNec
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October 17, 2017, 02:00:56 PM |
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Is there any more informations that BTC Gold will be GPU mineable? If it will be I will try it for sure.
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Fire Rabbit
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October 17, 2017, 02:59:00 PM |
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Is there any more informations that BTC Gold will be GPU mineable? If it will be I will try it for sure.
Yes, that's what the developers of btc gold are saying. They claim that BTC gold can be easily mined by using gpu cards, so that everyone can mine it from their home. Bitcoin can be mined by only those who have asic miner which is quite expensive and many cannot afford to buy that. But you don't need a asic miner for BTC Gold and this is also the major difference between bitcoin and bitcoingold. Anyways lets wait for its release to know more about its mining procedures. |
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Aura
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October 17, 2017, 03:09:35 PM |
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You should be able to use the same cards you use for Ethereum to mine Bitcoin Gold.
Bitcoin gold is going to use the Equihash, which is the same as Zcash you can also mine with your cards.
However the speed may be lower then cards from a different brand, as you're now mining Ethereum you probably have AMD, which is better for Ethash. NVIDEA seems to be more optimized for Equihash ming. Mining difficulty will be easy at first but will rapidly increase is my guess, I think a lot of people are going to mine Bitcoin Gold when it releases.
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xFGND
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October 17, 2017, 03:54:02 PM |
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It will be "easy", but if there's even a sliver of profitability, expect the difficulty to go up an insane amount.
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ahmedjamal1998
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October 17, 2017, 06:08:44 PM |
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Well the difficulty is supposed to be not as high as bitcoin and BCH as they plan to make it ASIC resistant.
It will run on the Equihash algorithm which is the same as Zcash. Therefore, it will be mineable with all the current GPUs.
I'm not sure how profitable it's going to be at the beginning though as almost everyone will probably jump into it to try it out which means a sudden spike in hashrate and difficulty. What's more interesting is its mining profitability in two or three months.
Actually considering that it might be a successful one and attract some miners from zcash and other equi coins, does that mean difficulty can go on those other coins ? Which means more money as diff should go down ?
I'm not sure but all I can say is that there's a lot of interesting stuff to come and this is one of them.
PS: Move this topic to the mining(altcoins) section. Any coin other than btc belongs there (even splits and hard-forked ones)
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bitcad4u
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October 17, 2017, 06:29:03 PM
Last edit: October 22, 2017, 08:01:18 PM by bitcad4u |
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Well the difficulty is supposed to be not as high as bitcoin and BCH as they plan to make it ASIC resistant.
It will run on the Equihash algorithm which is the same as Zcash. Therefore, it will be mineable with all the current GPUs.
I'm not sure how profitable it's going to be at the beginning though as almost everyone will probably jump into it to try it out which means a sudden spike in hashrate and difficulty. What's more interesting is its mining profitability in two or three months.
Actually considering that it might be a successful one and attract some miners from zcash and other equi coins, does that mean difficulty can go on those other coins ? Which means more money as diff should go down ?
I'm not sure but all I can say is that there's a lot of interesting stuff to come and this is one of them.
PS: Move this topic to the mining(altcoins) section. Any coin other than btc belongs there (even splits and hard-forked ones)
Bitcoin golding are the their limited supply and huge demand. Bitcoin is a virtual currency, it's is mined and generated, but it's rate of generation is very slow and that creates a demand and it's unavailability create a price hike among the people. Bitcoin become an source of easily trading and exchanging goods. |
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liuqi
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October 17, 2017, 06:39:49 PM |
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Is there any more informations that BTC Gold will be GPU mineable? If it will be I will try it for sure.
Yes, that's what the developers of btc gold are saying. They claim that BTC gold can be easily mined by using gpu cards, so that everyone can mine it from their home. Bitcoin can be mined by only those who have asic miner which is quite expensive and many cannot afford to buy that. But you don't need a asic miner for BTC Gold and this is also the major difference between bitcoin and bitcoingold. Anyways lets wait for its release to know more about its mining procedures. Even bitcoin invented satoshi expects bitcoin to be mined easily using PC cores and GPU cards alone but now we able to mine the bitcoin using ASIC miners alone. Just wait till the splitting is taken part, after that only we can say 100% percent how it is been mined. Even in the time of last hard fork August itself, we all expects that two coins gonna split from bitcoin now it is gonna become real soon. |
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bones261
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October 17, 2017, 06:53:19 PM |
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Only problem with Bitcoin Gold is that it is going to be distributed to everyone that has Bitcoin. Expect a lot of dumping on the markets when it makes its debut. By the time you move your coins from pool to market, it's profitability may vanish.
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antonio88s
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October 18, 2017, 09:12:38 AM |
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I think Bitcoin Gold was made to mine with GPU but I read the article that make a statement that no clear instructions are available for how to split your BTC from your BTG. Exchanges and software/hardware wallets are still deciding on whether they’ll support this fork.
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Oakey22
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October 18, 2017, 10:47:23 AM |
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I hope it stays GPU only, i know it won't have as much hashrate as BTC due to no asics but it will keep it away from being controlled by the chinese
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quarl
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October 18, 2017, 10:59:56 AM |
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As a matter fact the BTG as i understand it its designed and built to work only on CPU.
It could work on GPU but the mining price would be very expansive and quite difficult to set up.
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BadGuner
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October 18, 2017, 11:02:46 AM |
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Bitcoin Gold is intended for mining on video cards, so you can mine them for yours video cards. Bitcoin Gold will uses the same algorithm as ZCash (Zec).
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kelly153
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October 18, 2017, 11:09:50 AM |
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how about the value of bitcoin gold mining?
i check the profit seen like very low!
except your elec power is free or it wont have profit
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helen_davis87
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October 18, 2017, 11:57:46 AM |
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I doubt that Bitcoin gold would be a very popular. At least it's hard to scale up from low investment, since you'll need multiple minners to be profitable. While with other cryptocurrencies you at least can start with a single minner, get your money back relatively quickly and invest new profits in more equipment.
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Sev18
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October 18, 2017, 11:59:11 AM |
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Using equihash algorithm, same as ZEC. NVIDIA mining rigs will be suitable for BTG mining.
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doch
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October 18, 2017, 12:33:29 PM |
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Hey guys,
just read a post about the new hardfork. I heard that the mining difficulty for Bitcoin Gold will be again "easy". Is that true? Can I use the cards I use for ethereum mining, for Bitcoin Gold?
Thank you in advance!
Bitcoin gold mining change a lot of lives of bitcoin users and make it very easy for them to mine bitcoin gold, the purpose of bitcoin gold mining here is to make people alert and happy about bitcoin gold while in bitcoin people will used Asic miners I think which is pretty expensive but bitcoin gold is different. |
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Trivelius
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October 18, 2017, 12:34:12 PM |
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Is there any more informations that BTC Gold will be GPU mineable? If it will be I will try it for sure.
Bitcoin gold is the new form of bitcoin which make people hopeful make the investment of bitcoin very easy here the bitcoin gold mining means that before bitcoin gold people mine only bitcoin while in bitcoin mining they will must need to pay expensive to get Asic card to mine bitcoin but now bitcoin gold mining is pretty good and not expensive. |
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