Bitcoin Gold Launches on November 12

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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 bitcoin gold opening price 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 GPU 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 did this via a rapid mining of approximately 8, blocks at However, of the K coins, some five percent 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 bitcoin gold opening price sha But for the rest, the project follows the guidelines of the Bitcoin core project.

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December Learn how and when to remove this bitcoin gold opening price message. This article may be too technical for most readers bitcoin gold opening price understand. Please help improve it to make it understandable to non-expertswithout removing the technical details. January Learn how and when to remove this template message. Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.

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