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In a devastating breach of trust, the Bitcoin Gold team has officially confirmed they’ve been pre-mining BTG for some time now ahead of the coming BTG “fork.” This ugly revelation could sink the BTG project before it ever even had a chance to start. Also read: More and more red flags are appearing for Bitcoin Gold (BTG) In a bombshell revelation, a Bitcoin Gold developer using the GitHub moniker “” confirmed the pre-mining of Bitcoin Gold in a Slack conversation regarding the veracity of swirling pre-mining rumors. This admission counters previous assertions by the BTG team that Bitcoin Gold would not be pre-mined, a development that greatly decreases the value—and trustworthiness—of the project. BTG, a seemingly promising effort to decentralize mining by allowing GPU mining, is now facing a scandal of doomful proportions.

Indeed, many pundits in the crypto space are saying this latest breach of trust is enough to destroy the Bitcoin Gold project permanently. So it looks like this is a private fork of bitcoin, with a private,hidden premine and after the premine was successful, it's released public — supr nova (@SuprnovaPools) Twitter user was the first person to make h4x3rotab’s damning Slack conversation available to the general public.

In @SuprnovaPools’ snapshot, h4x3rotab’s admission is clear: “Yes, we will have a premine. The amount is not finalized but you can assume it should be less than 1% of the total supply.” To this end, some have come to the conclusion that the Bitcoin Gold developers have already pre-mined over 200,000 BTG coins. Not only is this pre-mining extremely deceitful, then, but it also means the Bitcoin Gold team can all but dump their pre-mined coins on exchanges post-November 1st. First, they said premine, then No Premine, Now back to Premine, LOL and snapshot time gap only guarantees the premine will happen, — gonzobreakout (@gonzobreakout) Coinbase, Bittrex Refuse to Support BTG Two of the world’s most dominant crypto exchanges—Coinbase and Bittrex—have officially come out against supporting the Bitcoin Gold fork. Coinbase is standing their ground as the BTG devs refuse to release the BTG code, which is a huge “” for Coinbase’s compliance officers. Bittrex—the 3rd largest exchange in the world—is: “At this time, the information and codebase presented by the Bitcoin Gold team is not in a functional state and Bittrex will not commit to opening a Bitcoin Gold trading market.” What’s your take?

Is Bitcoin Gold showing all the signs of being a scam, or is it getting a bad rap? Sound off in the comments below! Image via Coin News Asia.

The Bitcoin Gold (BTG) team has announced the official launch time for the mainnet (currently on testnet) when the mining of the coin will become possible and its actual integration into exchanges and hopefully coin distribution and coins being possible to claim by Bitcoin owners that held BTC at the day of the blockchain snapshot. The official start date for start of Bitcoin Gold is set for 12th November (7:00 UTC) when the download of Bitcoin Gold full node client will be made available.

The BTG blockchain will officially go live and the mining will begin and wallets and exchanges will be able to process deposits, withdrawals and trades (as soon as they are ready). We are still going to have to wait a couple of more days or more for larger exchanges to evaluate the software and decide should they add support for BTG and distribute Bitcoin Gold coins to their users that had BTC available at the time of the blockchain snapshot. Update: The launch time was moved from the initially announced 7:00 UTC to 19:00 UTC. – Other Similar Publications: • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies.

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