Nov 11, 2017 - It is primarily being driven by a few who believe that the original Bitcoin mining system has become centralized and is monopolized by a handful of mining companies. Bitcoin Gold) advocates have decided to solve this problem by forking Bitcoin on 25th October by changing its original protocol. Dec 4, 2017 - In order to change Bitcoin mining into something more equitable, Bitcoin Gold proposes changing the blockchain to eliminate ASIC mining. To hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more.

How Long To Mine A Verge XVG 2018 here. What to know about trading BTG after the fork. Bitcoin (BTC) experienced another hard fork on 25 October 2017, at bitcoin block 491,407.

Essentially, Bitcoin Gold cloned bitcoin’s transaction history, but tweaked the DNA to continue on its own evolutionary path. Everyone who possessed a private BTC key at the time of the fork got the same number of coins in Bitcoin Gold, essentially for free. This is probably one of the reasons. Wordpress Electra ECA Miner on this page.

There’s no time limit on “claiming” your free BTG. Generally, if you owned BTC at the time of the fork then you’ll have free BTG waiting for you. The only exception is when someone else holds the keys, such as when your coins were held on an exchange that does not support BTG.

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks. Who will not get free BTG Any that gives you exclusive control of its keys will work. However, not all wallets will support BTG right away.

You’ll still get the coins, but won’t necessarily be able to access them from that wallet right away. If your BTC is listed on an exchange at the time of the fork, then the exchange holds the keys and not you. Therefore the exchange will be getting the free BTG instead.

They should be crediting you with the BTG, but there’s no legal authority that can force them to do so. Some exchanges have agreed to credit users with BTG at the proper 1:1 rate, but it’s safe to assume that not all exchanges will. If you have BTC on an exchange at the time of the fork, you should look into whether or not they’ve agreed to give you the newly created BTG. The following exchanges have all agreed to credit BTC owners with the BTG as appropriate. However you generally need to own a certain amount, such as no less than 0.10BTC in order to get it.

• Bitfinex • BitBTC • YoBit • Bleutrade • Bitstar • Coinnest • BitBay • BitFlyer • Beatcoin • Paribu • Abucoins Where can I buy Bitcoin Gold? After the fork you’ll be able to buy or mine BTG. You’ll theoretically be able to start buying and trading it immediately, but functionally might have trouble doing so until around 1 November or slightly later. This is when the BTG code will be released to the public and the first blocks will be mined on the new blockchain. Most exchanges and wallets will start investigating how to implement support for BTG on 1 November, and whether it’s a good idea, then.

Throughout the tail end of 2017 you can expect an increasingly wide range of providers to support BTG. At the time of writing, you can already buy and sell BTG on the following exchanges: • • HitBTC • Binance • YoBit • Bleutrade • Bitstar • Coinnest.