Before the imminent bifurcation of Bitcoin only 2 days (October 25), we are preparing to mine Bitcoin Gold. This time with graphics cards (GPU) and algorithm Equihash, one of the most powerful and safe.
But what is Bitcoin Gold really?
Then it diverges from it and as a result of this process, a new criptomoneda will be born.
Equihash algorithm, the most powerful and safe to mine with GPU
It is not surprising that the development team has chosen this algorithm. It is, to this day, the safest, most powerful and private of all to date. Ethereum is worth mentioning is already using its technology to perfect its transactions and put the layer of security and anonymity that it lacked.
ZenCash, Zcash, Komodo, BitcoinZ and Zclassic are crypto coins that we were already mining with graphics cards for their great efficiency and profitability. AMD and Nvidia are the two brands of graphics processing with which we can currently work this algorithm. His generous hash and minesweak stability have made him the hero for his ease of setup and performance. In addition, it is modern and preferred by new crypto coins that are emerging.
The mine guidance data are:
AMD rx 580 8Gb 310 solutions / s with 160 watts of consumption. approx
Nvidia 1060 6Gb 315 solutions / s with 110W of consumption. approx
— Claymore’s Zcash —
Here you can download the mining program for AMD
–EWBF’s CUDA Zcash miner–
Here you can download the mining program for Nvidia
What is the purpose of Bitcoin Gold?
The objective of Bitcoin Gold is to make the Bitcoin mining again decentralized. Satoshi Nakamoto’s idealistic view that “one CPU, one vote” has been replaced. The reality is that the manufacture and distribution of mining equipment have been dominated by a very small number of entities. Some of them have participated in abusive practices against individual miners and in the Bitcoin network as if it were the whole.
By changing Bitcoin’s working test algorithm from SHA256 to Equihash, all SHA256 mining equipment will become “obsolete”. Equihash will replace encryption to undermine the Bitcoin Gold blockchain.
Therefore, it will provide the opportunity to countless new people from all over the world to participate in the mining process. It will use widely available consumer hardware, which is manufactured and distributed by recognized corporations. Of course, this is a more decentralized cryptocurrency.
They are still finalizing the portfolio-node that will serve to accumulate our BTCG and certify transactions.
We already have several swimming pools to register if we have not already done so. It may be one of the most thrusting coins of all, though we will not know until we see the mined minima during the 24/48 hours.
Remember that we need the patience to undermine and difficulties experience many ups and downs. If you really like the project do not hesitate to support it in the best way, which is connecting all your GPU.
It may be Satoshi Nakamoto’s closest vision to reality.