Bitcoin Gold sets release date of its BTG cryptocurrency

in #bitcoin7 years ago

BITCOIN GOLD FIXED DATE OF LAUNCH OF YOUR CRIPTOMONEDA

The launch of the Bitcoin Gold main network already has a date and time: November 12 at 7:00 pm UTC.

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The team of this bifurcation of the Bitcoin network - which seeks to decentralize mining by changing the algorithm from SHA256 to Equihash in order to enable mining with GPU - has just reported that, after successive test network tests in which different Mining pools, exchange houses and portfolio developers, are ready to make their main network public.

Previously we informed that the Coinomi portfolio already showed the assets in its platform, although it was not possible to transfer them; and that the Guarda and Freewallet portfolios would accept BTG when it went on the market.

To know more about the exchange houses that will integrate this currency, we contacted Alejandro Regojo, another of the main developers of the project, who informed us that the exchange houses listed on their official website will be allowing the sale of assets from the moment it is launched. network. Among these can be counted large exchange houses worldwide, such as the Japanese bitFlyer, which handles the largest volume of transactions with cryptocurrencies in the world, or Bitfinex, which ranks first according to volume of transactions with Bitcoin. It will also be accepted by Binance, HitBTC and YoBit, among other small houses.

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As for mining, they recently published a guide on how to participate in the mining of this cryptocurrency and an important question is apparent: what will encourage miners to dedicate themselves to this network and not others like Ethereum, which currently concentrates a large number of miners with GPU-, or Zcash, which uses the same algorithm.

On this, Regojo informs us that the miners and the work team will come from the Bitcoin community, but that there are other factors that will attract the miners to their network.

"The stability in prices that gives us the fact of being a community with a lot of travel. Technically, the difficulty setting per block will be key."
Alejandro Regojo
Developer, Bitcoin Gold

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Bitcoin Gold futures are currently trading at $ 151; $ 350 less than its value at launch. Therefore, it will depend on the behavior of the market in terms of supply and demand that this value stays low or exceeds that of other currencies, attracting more miners to its network.

As for the pools, there are 4 officials: pool.gold, BTG Mine, BTGPool Pro and GPU Gold, as well as others such as Miningpools.cloud, Minergate and Minertopia. Additionally, they recommend that the mining be done with the Nvidia GTX series equipment, especially the 1050 Ti, 970, 1060, 1070 and 1080 Ti models.

Now it will be possible to have the Bitcoin Gold and trade with them.

So what do you think about the new cryptomoneda? Leave your comment below.

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