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Author: Admin | 2025-04-28
To include your Bitcoin Gold wallet address followed by the worker name.Radeon: Edit the config.txt file to include your Bitcoin Gold wallet address followed by the worker name.Finally, double-click “start.bat” and begin mining.When Did It Go Live?The Bitcoin Gold hard fork occurred on October 24, 2017, with block 491,407 on the Bitcoin blockchain. When that happened, Bitcoin Gold took a snapshot of all the balances and transactions on Bitcoin up to that point. The new blockchain began from there.Is Bitcoin Gold a Competitor to Bitcoin?Although Bitcoin Gold is a hard fork of the original Bitcoin blockchain, it’s not really a competitor to Bitcoin. While other hard forks, like Bitcoin Cash, cannibalized some miners from the Bitcoin network to work on the new blockchain, Bitcoin Gold’s anti-ASIC algorithm means virtually none of Bitcoin’s current miners will want to switch to mining BTG.Instead, Bitcoin Gold competes with other anti-ASIC cryptocurrencies like Ethereum for mining power. Mining on such networks comes in the form of smaller-scale GPU mining. The problem for Bitcoin Gold is those other anti-ASIC cryptocurrencies have a longer history and are more predictable for miners. It’s not clear why a miner would want to switch to BTG, unless the price per BTG surges.The one advantage that Bitcoin Gold has is wide dispersal. Everyone on the Bitcoin network received will receive BTG, so there’s potential for widespread adoption.Bitcoin Gold vs Bitcoin, Bitcoin Cash, & SegWit2xWith so many forks on the Bitcoin blockchain in such quick succession, it can be confusing to keep track of the differences. Here’s a table to help you out: BitcoinBitcoin GoldBitcoin CashSegWit2x (cancelled)PoW TypeASICASIC-resistant (GPU)ASICASICBlock Time~10 mins~10 mins~10 mins~10 minsDifficulty adjustment~2 weeksEach block~2 weeks~2 weeksSegWitYesYesNoYesReplay Protection–YesYesNoTotal Coin Supply21 million21 million21 million21 millionBitcoin Gold is the only Bitcoin fork to date to implement a new ASIC-resistant proof of work algorithm. Along with that new hashing algorithm, Bitcoin Gold implements a new difficulty adjustment with every block, gradually increasing the difficulty based on past block times. Finally, Bitcoin Gold is one of the only Bitcoin forks to support both Segregated Witness (SegWit) technology and replay protection. SegWit increases the number of transactions possible per block and replay protection prevents fraudulent parallel transactions on two forks.Replay Protection After a ForkA hard fork.Replay protection is critical when implementing a fork of an existing blockchain. The shared code and wallet addresses between BTC and BTG make it possible to implement a replay attack. Basically, if you want to conduct a transaction on both BTC and BTG at the same time, you’re fine. However, if you want to pay someone in BTC and keep your BTG, you’re open to an attack. An attacker could send a false signal between the forks that causes
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