CryptocurrenciesNews

Bitcoin Gold may start mining next week, if all goes according to plan

Bitcoin Gold, is in the testnet phase and as we have learned, it is expected that this next week, between Monday and Thursday, it will really become mineable.

On November 1, the Bitcoin Gold testnet began, the new cryptocurrency that emerged from Bitcoin. This hardfork was born with the primary idea of ​​seizing power from mining farms, who have remained the monopoly of Bitcoin mining and give people back the possibility of obtaining Bitcoin or a subsidiary cryptocurrency of this, such as Bitcoin Gold . One of the advantages is that it works with Equihash, which allows mining it with GPU and the difficulty is adjusted in each block, not every two weeks, like BTC, which avoids problems of manipulation of the difficulty.

Currently, BTG is not mineable, except on the testnet, but we won't receive any of the coins we mine. Right now, all we can do is observe how the network functions, whether everything is operating normally, and if the improvements being implemented by the developers are working correctly. We're essentially helping to ensure everything runs smoothly at the network launch. Many of you are asking about difficulty, power, and other parameters. If you want to know how much power your graphics card can provide, simply run the miner in the minepool created for Bitcoin Gold. [Note: Suprnova.cc has also set up a pool for Bitcoin Gold.]

The difficulty is relative, since we cannot know it until the network is operational and we know how many people are mining and it will be adjusted in each block, so the difficulty will vary between blocks. As we have learned, since we are in contact with a member of the Bitcoin Gold team, the idea is that this week, if everything goes according to plan and without problems, he will activate the network for the real mining. As we have been told, it will be activated between Monday and Thursday, although we have not been given a specific day, since they are working intensely so that everything goes well, there are no network failures and we do not have major problems.

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5 comments

  1. And where can you create a wallet for BTG? Those on BTG's own website are mobile applications. And Yobit. for the moment it won't let you. So, even though it is in the testing phase, what wallet do you put to mine?

    1. You can put what you want since you will not receive anything and the mining test does not change at all, although with the Coinomi mobile app you can already have your own wallet

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