Bitcoin gold in 4 minutes

  1. How do I get Bitcoin Gold?
  2. How much does it costs?
  3. How to mine Bitcoin Gold?
  4. Should I buy or sell Bitcoin Gold?
  5. Why do people say it’s a scam?

What is Bitcoin Gold?

It’s a new currency originated from a hard fork of the original Bitcoin code. It was created with 2 main goals:

  • To get a pre-mine reward of 8000 block which is about 100k BTG for the development team of 5 persons. This is a nice incentive to keep them motivated while developing the project.

How much does it costs?

Right now it’s about 200$ dollars for bitcoin gold but the price is not yet consistant since the mining hasn’t started yet.

How to mine Bitcoin Gold?

Use CCminer or claymore for mining when it’s launched. These are the most popular GPU miners for Nvidia and AMD graphics cards. Then go to a pool from the official list on the website btcgpu.org to start mining with your desired configuration.

Should I buy or sell Bitcoin Gold?

That’s a complicated question because the price is determined by the supply and demand. The more people trust the project and invest their money into the currency, the more valuable it will be. Note that when the mining starts, more people will be trading BTG so the price should increase at November 1st.

Why do people say it’s a scam?

The fact that the project originated in about 1 month from nowhere had people worried about the truthfullness of it. Although they worked hard to get it done as soon as possible from the original Bitcoin github code.

Conclusion

In short, the Bitcoin Gold project is a polemic solution implemented with small resources but a dedicated team that wants to improve the existing Bitcoin ecosystem with a more decentralized and fair solution to smaller miners.

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