1 Level
6 Review
12 Karma
Review on Bitcoin Gold by Mua Nang
A profitable mining of BTG is possible only with the help of GPU (video cards…
A profitable mining of BTG is possible only with the help of GPU (video cards). Thanks to this, according to the developers, a free bitcoin-mining should become accessible to everyone, including those who cannot afford to buy the “asics”; the price of the “asics” may be several times higher than the one of the video cards. Additionally, it may have a problematic payback. Moreover, the relatively low mining complexity makes the BTG mining accessible even for the miners with not very powerful video cards. All this should increase the decentralization of BTG mining and pre-limit the possible impact of major mining corporations on the Bitcoin Gold network; the latter is undoubtedly useful especially in case if BTG ever becomes a serious competitor to the classic Bitcoin.
Pros
- Through BTG, you won’t need expensive, enterprise-quality mining equipment to profitably mine a BTC-like chain. GPU mining should, in theory, have a decentralizing effect.
Cons
- The BTG team are refusing to release the project’s code for now, too, leading Coinbase to refuse to support BTG out of security concerns.
