Bitcoin Gold Price Pumps to Over $325 Because YOLO
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Bitcoin Gold is a distributed digital currency. It is a hard fork of Bitcointhe open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units GPUin place of mining with specialized ASIC customized chipsetsused to mine Bitcoin.
A central part of the bitcoin process, mining, is being controlled by a few manufacturers who sell their products to a select group of industrialized miners, centralizing the mining task and breaking with one of the core values of bitcoin - decentralization [2]. ASIC resistant Bitcoin gold price cap powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer.
The hard fork occurred on October 24th,at block height The team bitcoin gold price cap this via a rapid mining of approximately 8, blocks at However, of the K coins, some five bitcoin gold price cap were set aside as a bonus for the team, or about coins for each of the six members. Bitcoin gold uses the memory hard equihash as proof-of-work algorithm instead of the sha But for the rest, the project follows the guidelines of the Bitcoin core project.
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