Bitcoin Gold, the cryptocurrency that makes Bitcoin's legs shake
We are talking about Bitcoin Gold, the new cryptocurrency that emerged from a fork to Bitcoin, which is being harshly criticized, but above all, because it could damage Bitcoin, equaling it in value.
Let's take a few days around with Bitcoin Gold, the latest fork of Bitcoin, which seeks to return to users the possibility of mining Bitcoin. The fork is already done, but at the moment Bitcoin Gold has not yet been given to users at a 1: 1 ratio, depending on the amount of BTC we had in our portfolio at the time of the fork. This will begin to take place on November 1, as BTG developers seek to mine the first 8.000 blocks, to get these 160.000 BTG, to be able to pay and capitalize their project.
Bitcoin Gold was launched amid controversy and criticism within the Bitcoin community, and we're going to explain why BTC and BCH are attacking this new cryptocurrency. The first reason is the abandonment of SHA256, which forces BTC and BCH to be mined using ASICs. These have extremely high power consumption and are only profitable to mine in China, which poses a problem because Bitcoin was originally developed as a distributed economy, accessible to everyone, allowing anyone to mine it and earn extra money. Mining farms prevent this.
It is not the only problem, the other problem is the difficulty pump, which is adjusted every two weeks in BTC and BCH, an important problem, because this causes it to rise constantly and prevents adjustments automatically, depending on whether the amount of miners in the network. BTG, what you are looking for is to adjust the difficulty block by block, something that within Bitcoin Core, Bitcoin Cash and SegWit2X, has not settled anything, but nothing well. The blocks are also 1MB and can be adjusted to 2-4MB.
The best thing about BTG is that it can be mined with a graphics card. This means that on November 1, when the network is started openly and can be mined by anyone, an important adjustment of the difficulty can be given, plummeting. In addition, there are important exchange houses such as Bitfinex, HitBTC or YoBit that already have the availability of this cryptocurrency in their portfolio and Bittrex announced that it will add it when the mining opens, something that will happen on November 1. Minergate, the popular mining service, will also add BTG mining on November 1.
Something very interesting is that the BTG blockchain works in parallel with BTC and they are linked. This explained in a simple way, is that we can mine BTG and we can request that we not be paid with BTG, but with BTC, so the BTC would reach the portfolio. This would cause the value of Bitcoin Gold to go up a lot, possibly even matching Bitcoin (although this is an assumption). In addition, it is a nuisance for miners, because there is a small trap, which makes miners take more BTC, this is thanks to the fact that the single address format is not implemented, which neither BTC and BCH do.
One of the biggest drawbacks of BTG is that the code developed for this new cryptocurrency has not been presented gradually, but if we go to the web, we will see that this is not the case, where if we can see the developers and not only Therefore, we can see that a member of the development team is Spanish, specifically Alejando Regojo, who is from Vigo.
Well, nothing seize strong new shortage of GPU
Another shitcoin to fool around? it is important to distance yourself when reading this type of post .. bcash was more likely to have h Chi shake legs at BTC .. and look at the photo 2 months later. Ensuring that BTG is similar is an infamous lack of rigor and criteria for a medium. Let's be more objective and rigorous because in the end I will have to eliminate you from my feed? ️ a cordial and constructive greeting.
On the contrary, we say that Bitcoin Gold is based on the initial precepts of BTC and that it is being harshly attacked and criticized, because it will do what BTC is not doing, to be a cryptocurrency for everyone, since BTC is mined by four mining farms and little more, that is why from Bitcoin Core it is constantly attacked. The difference is clear, with respect to the other two cryptocurrencies. If you don't like our content, no problem, but we will not stop working on bringing the best content and being didactic. We will not submit to smears, threats and insults.
How much dignity and disregard for a criticism from a reader. Your tone gives a lot to think about. Saying that I have insulted and threatened you is part of a type of communication and a fairly low profile. a cordial greeting
I hope that BTG is profitable in mining ... that it is better than ETH if so, be sure that they will have a good amount of miners in their favor