[ANN] Bitcoin Gold : Make Bitcoin Decentralized Again

[cyberpitstop]

how can I mine this non of the pools support it yet.. yet the difficulty is rising

You cannot mine there is no working network yet the source code is not finished

Really because "someone" is mining it!!!!

[delwig]

how can I mine this non of the pools support it yet.. yet the difficulty is rising

You cannot mine there is no working network yet the source code is not finished

I can see on some of the pools the network hasrate and difficulty, It keeps rising so is that the premine? ots already like block 200k or something

[tekmobile]

how can I mine this non of the pools support it yet.. yet the difficulty is rising

You cannot mine there is no working network yet the source code is not finished

I can see on some of the pools the network hasrate and difficulty, It keeps rising so is that the premine? ots already like block 200k or something

There are a few nodes that have been started but I don't know if any are official or just people thats compiled the current code

https://bitnodes.21.co/nodes/?q=Bitcoin+Gold

The block height is at the snapshot point and has been there since that block height was reached

[NoirSuccubus]

Wait, this is launched but the support for mining hasn't started? The network is supported by a few nodes and not yet fully secure. I could see this taking off once the network is decentralized.

[tekmobile]

Wait, this is launched but the support for mining hasn't started? The network is supported by a few nodes and not yet fully secure. I could see this taking off once the network is decentralized.

No its not launched I think those nodes have been compiled from the development source code that is not complete and even if you could use this dev source to mine it would be useless because once the final version launches any created blocks would be rejected by the network

[sqid]

This thread is supposed to be about DECENTRALIZATION.

I'm not really interested in posts saying crap, scam, premine, shitcoin: without some logical explanation of the reasoning.   Even then it would be nice if it had some relevance to the title of the thread.

GPU mining promotes decentralization.   Appears to me that 'core' are opposed to this.   WHY?

Really appreciate it if someone could fill in the bits( ) I'm missing.

Core opposes everything that could lead to losing their power on Bitcoin, so in case they would need to change PoW (which is unlikely imo), GPU mining could be their competition just like Bitcoin Cash competes for SHA hash power. For Core proponents anything that comes from them is Bitcoin, and everything else is altcoin. For instance, I'm pretty sure they would be against increasing 21 million coins cap if it was someone else's idea, but if they came up with this by themselves, then it would certainly be still Bitcoin.

https://www.reddit.com/r/Bitcoin/comments/78gb3w/you_get_a_600_raise_at_work_after_just_10_months/
As bitcoin expands into additional layers those layers are bitcoin as well! It's an aggregate ecosystem.

Thanks for the reply.
I have a couple of questions. 
Do core gain financially from holding the power?
What reasons have they given for not changing to equihash.   It seems glaringly obvious that this would be an improvement - or am I missing something?

[thiec]

Hi all,
Is there any relationship between Bitcoin Gold and Bitcoin Silver? Here is the link to Bitcoin Silver
https://bitcointalk.org/index.php?topic=2311582.0

Good luck, guys.

Next time will be Bitcoin Bronze LOL
I still say the same, a new way to scam people after ICO, so lets fork the bitcoin

[U]

HOLD BTC will get BTG?

[thiec]

Can anyone explain to me why 'core' is against this development.   Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler.   I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me

Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it

Thanks for addressing my concern.

It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin.    This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain.    I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good.  Decentralization is paramount to a fair system for the people and by the people!

So why didn't bitcoin 'core' take on this idea and prevent a fork?

GPU mining - no good..    I don't get what the argument is    PLEASE explain!    

The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?

I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution

[MarcusMillstrom]

Can anyone explain to me why 'core' is against this development.   Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler.   I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me

Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it

Thanks for addressing my concern.

It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin.    This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain.    I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good.  Decentralization is paramount to a fair system for the people and by the people!

So why didn't bitcoin 'core' take on this idea and prevent a fork?

GPU mining - no good..    I don't get what the argument is   PLEASE explain!  

The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?

I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution

What I wonder is this coin is viable in the long run because BCH has to be at 0.14 ... sat to create a profit mining it.
at least that's what I understood about it. I could be wrong of course.

[sqid]

Can anyone explain to me why 'core' is against this development.   Mining with GPU seems such a good thing to do that I don't understand why it wasn't just incorporated into Bitcoin.
If that had happened it would be so much simpler.   I don't understand why this idea had to get a fork to be realized.
Someone please enlighten me

Good thing for what? If bitcoin can have as simple as say fork to fork, than there no security at all for holding it

Thanks for addressing my concern.

It seems like GPU mining would be a 'good thing' for the future of cryptocurrencies including Bitcoin.    This would take the power away from large miners and give it back to the community - more individuals have an incentive to be involved in verifying the chain.    I'm sure you've heard the saying "power corrupts" - well, I think that is true and any protocol that prevents a few individuals from amassing power (like Bitmain) is good.  Decentralization is paramount to a fair system for the people and by the people!

So why didn't bitcoin 'core' take on this idea and prevent a fork?



GPU mining - no good..    I don't get what the argument is    PLEASE explain!    

The is no absolute GPU Mining, there will be another ASIC to replace it in the future, so do we have to fork time to time to avoid being centralize?

I agree that ASIC seem to make miner not distribute well, and bitmain monopolize the market because they have the power to do so
Decentralization is good as its the core reason bitcoin being live but i dont think GPU is the right solution

I agree that someone will always find a way to make mining more efficient and implementing GPU would only decentralize temporarily.   But isn't that the point - that Bitcoin can change because  its open source - would GPU mining have any negative impact?

Anything to curb Bitmain growing monopoly, even for a short while, should be a positive.  Unless I'm missing the downside about GPUs, it seems that 'core' have some agenda that isn't for the benefit of the bitcoin community.

[googol.star]

So I guess Bitcoin is decentralized once again.

[TheNightBird]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

[sqid]

Bitcoin could be more decentralized again if people start buying a lot of BTG and it becomes the main crypto.

With mining it's the 'chicken and the egg'.  Which one comes first, good miner activity which gives confidence to people considering buying BTG or more people using BTG which incentivizes mining.

The whole BTG fork has become a bit of a fiasco.  Bad website, replay not yet in place, premine (at 400$/BTG= $40,000,000) etc. but I think the basic idea is good and only time will tell.

[daylox]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

Yes, it is the truth, everyone please don't buy bitcoin gold, it is intentional scam from day 1. Don't fall into this scam. We should focus on other valuable bitcoin forks like segwit2x.

[Big Naturals]

Don't fall for this scam, just because it's called Bitcoin it's just a shit coin the dev are already pre mining it for a week and from.what I found they have tried to make an ico before

https://web.archive.org/web/20170831032225/http://btcgpu.org/

Basically they will have 200 000 btg to dump and people will lose their money.

Yes, it is the truth, everyone please don't buy bitcoin gold, it is intentional scam from day 1. Don't fall into this scam. We should focus on other valuable bitcoin forks like segwit2x.

The premine effectively kills Bitcoin Gold, wait for the 'protest fork'

Bitcoin developer Rhett Creighton is working on alternative bitcoin gold "protest fork" software that seeks to pursue the same idea but without setting aside some of the new cryptocurrency for development.

If more than 51% of miners choose to use his software, the so-called pre-distribution to developers will be erased, he told CoinDesk. "It's up to the miners to decide what they want," he added.

source: https://www.coindesk.com/bitcoin-gold-know-blockchains-next-split/

https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f

[sxafir]

I got 0.03 free in this fork what to with them?

[coinmediaco]

I got 0.03 free in this fork what to with them?

yes we got free money because of bitcoin gold and bitcoin cash, i hope to see more forks like this

[Takanashi]

What was BTG after all?

[judeafante]

I got 0.03 free in this fork what to with them?

yes we got free money because of bitcoin gold and bitcoin cash, i hope to see more forks like this

Another one is coming this November and I believe much more are coming because dev will make a lot of money from forking Bitcoin than launching ico, it will only be stopped until exchange ignores this altcoin that claims to be better than Bitcoin.