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Author Topic: What is BTG (Bitcoin Gold)  (Read 1039 times)
Georgeberg
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November 05, 2017, 07:29:22 AM
 #21

Help, What is BTG? what should I do with my Bitcoin?
- Another bitcoin clone
- Mineable with GPU not with ASIC
- Premined by developers, one of the lead developer is trying hard to remain anonymous
- If you had bitcoin when snapshot of blockchain was taken around mid day today than you can get bitcoin gold for free, you just need to have private key of your bitcoin addres.
- They are offering nothing new so expect heavy dump in market.
still didn't get it
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flippener
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November 05, 2017, 09:28:12 AM
 #22

still didn't get it

Someone's made a cheap slightly different copy of Bitcoin to make themselves some money. You can ignore it, or you can claim it and them sell it to make a little bit of money.

Any clearer?

..C..
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........What is C?.........
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...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

Dmitry.Vastov
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November 05, 2017, 09:55:18 AM
 #23

Help, What is BTG? what should I do with my Bitcoin?
Bitcoin gold is an altcoin which is created after the hard fork of the master of all cryptocurrencies -bitcoin. You will receive as many Bitcoin gold as many Bitcoins you own in your wallet at the time of hard fork on October 25,2017.
It is just an altcoin created from Bitcoin but is a little different from its parent. It is based upon equihash algorithm which is ASIC resistant whereas Bitcoin is based upon SHA 256 algorithm.
For more info you can refer to https://bitcoingold.org/.
PhucS
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November 05, 2017, 09:59:06 AM
 #24

Help, What is BTG? what should I do with my Bitcoin?
To my knowledge, Bitcoin Gold is a branch of Bitcoin, which is separated from the original Bitcoin blocks, or in other words, a product that was born after the hardfork took place, in the same way that Bitcoin Cash was born. Bitcoin Gold developers want to solve the mining problem by changing the proof-of-work algorithm and they have chosen hardfork to solve the problem. If you have Bitcoin in your wallet at the time before the hardfork occurs, you will receive the corresponding Bitcoin Gold number, so keep your Bitcoin very careful, especially your private key

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anthinguy21
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November 20, 2017, 06:13:13 PM
 #25

Seem like OP don't really want to know about BTG. He just want to promote PAX ICO project. I seen the same topic he created in Bitcoin Disscussion Smiley). Maybe he thought that he can cheat people to invest in this project by this way Smiley)

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November 20, 2017, 08:53:05 PM
 #26

Bitcoin Gold is a community-activated hard fork of Bitcoin to make mining decentralized again.
The Bitcoin Gold project is being driven by some developers, miners, and their head Jack Liao, the CEO of the  Hong Kong-based mining equipment manufacturing company, LightningAsic.
Features of Bitcoin Gold (BTG)
BTG will be based on Equihash so it will be GPU minable.
BTG will have inbuilt replay protection because it is a direct fork of BTC.
BTG will have a variable difficulty that will change per block. (Good thing for GPU miners.)
And looks like BTG will have a pool of pre-mined coins for 16,000 blocks.
Apart from these, there will be no changes like block size adjustment.
And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe that’s the secure way.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

benjamin11
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November 20, 2017, 09:30:33 PM
 #27

Bitcoin Gold is a fork of the Bitcoin blockchain. Bitcoin Gold miners began creating blocks with a new proof-of-work algorithm, and this will cause a branching out of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency is born.

pia19
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November 20, 2017, 10:03:25 PM
 #28

Bitcoin Gold is launching as a hard fork of Bitcoin. The goal of BTG is to become a better gold than Bitcoin. The chief way they have decided to do this is trying to solve miner centralization through a proof-of-work change. Changing proof-of-work is generally going to require a hard fork and BTG has decided to go that route. The proof-of-work that they’ve chosen is Equihash, a memory-hard algorithm that used by ZCash. The idea is to give mining back to the users who can start using CPUs and GPUs to mine. Bitcoin Gold will only affect you if you own Bitcoin when they pick the hard fork block. You will receive the exact amount of Bitcoin Gold as Bitcoin you hold at that block.
meccaflare0
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November 20, 2017, 10:05:43 PM
 #29

Sell your bitcoin gold and never think of it again. Problem solved

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