Review on Bitcoin Gold by phuc nguyen

Name: Bitcoin Gold
Item: Bitcoin Gold
Rating: 4

September 17, 2018

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.
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Pros

1. It furthers de-centralization by enabling ASICs resistant algorithm, which seems to be a weakness of SHA256 based Bitcoin and Bitcoin Cash 2. Very close to original Bitcoin in terms of adhering to Satoshi's vision 3. Has achieved a lot in short time-frame in terms of association with exchanges and wallets

Cons

1. Decreases de-centralization with small set of developer. It remains to be seen, how BTG developers and BTG foundation involves community in modification of Bitcoin gold in days to come. 2. Adds to wrong precedence by forking of bitcoin. Same / similar result could have been achieved had teams tried to push there changes through open source route. 3. Starts from scratch in terms of merchant adoption. 4. Pre-mine of 8000 blocks by BTG group.