Today I am going to show how to mine the newly forked coin named bitcoin gold, which is forked from the original bitcoin. For those who don’t know to let you that bitcoin gold work on the Equihash Algorithm- the same one on which Zcash, zencash, zclassic works. Also Read: A few days earlier when, miners got excited about, the idea was to grab as much coin in the initial stage when the difficulty is less. Few of them have the idea to sell them insteadly as the market rates go up and some grabbing for the long-term. Bitcoin Vs Bitcoin Gold Talking about the long-term for bitcoin gold and the first forked bitcoin sister named bitcoin cash which released in August have achieved mile after its birth.In recent activity, we can clearly see after ethereum on the basis of market cap value.

This could give somewhat idea about the bitcoin gold that it could be somewhat profitable. BTG official network is expected to start on Nov 12 2017. The current mining ports and accounts will be automatically transferred from testnet to main net mining.

I don't use bit coin mining so I'm confused on why they are used for it. Because it's making the prices of the gpu I want sky rocketIf someone can explain what the.

The Nvidia GeForce GTX 1060 graphics card is stacked with innovative technologies, making it the perfect choice not only for gamers but for cryptocurrency miners. Powered by Pascal, the Nvidia GeForce GTX 10-series graphics cards deliver twice the performance of its predecessors, in addition to innovative new gaming technologies and virtual reality breakthrough. For a newbie, cryptocurrency participants use GPU (graphics cards) to mine various cryptocurrencies, which can be exchanged for Bitcoin and then sold for real money. Long before, miners use their CPU – Central Processing Unit to mine, but they had one drawback – speed! CPUs were not fast enough to deliver timely and accurately in this fast rising technological world; its inefficiency stalled the system resources of the host computer. The right hardware can be beneficial within months, and anything mined during this period (excluding power bill) is pure profit.

Miners were fast enough to switch on to using the GPU – Graphical Processing Unit in computer graphics cards. This was on the ground that GPU was able to hash data 60 – 100 times faster and consumed less power per unit of work than CPU.

A graphical processing unit is a specialized processing device which serves as the powerhouse for providing mining work and accounting services. It is used as a mining ASIC chip. Experts in mining would avoid using a laptop, handheld device or gaming console to mine because these devices aren’t viable to generate income. Nvidia GeForce GTX 1060 Video card is one of the latest and most effective graphic cards for miners. It has a higher hash rate than its predecessors. It functions at 22.5 MH/s on Lyra2REv2 @ 1911 MHz core clock speed and can attain 24 with the highest clock.

The faster GDDR5 memory is what makes it really fascinating for the profitable Ethash and Equihash crypto algorithms. For most miners, electricity costs are a deciding factor.

This is why miners in Iceland, China, and other parts of the world with cheap electricity have a great mining advantage. The good news is that the Nvidia GeForce GTX 1060 graphics card is an Ethereum mining hardware that is efficient enough to reduce your electricity bills drastically.