1 Level
6 Review
13 Karma
Review on Bitcoin Gold by Anh Da
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
- By allowing Bitcoin to redistribute rights, Bitcoin Gold hopes to attract more people into the system and liberate the Bitcoin network from companies that supply equipment and large mining companies, especially Bitman. . Although he himself is a big equipment supplier in Hong Kong, CEO Liao agrees to narrow his influence on the system.
Cons
- 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.
