The benefit of this is that equihash is asic resistant therefore mineable with a regular pc. These mining machines are so much more efficient at mining than gpu and cpu miners have no chance.
Bitcoin Gold Announces Shift To New Asic Resistant Algorithm
Asic miners vary in price depending on their hashing power and their efficiency.
How to mine bitcoin gold with asic. An asic miner is an application specific ! integrated circuit asic designed specifically to mine bitcoin. The most affordable models are innosilicon a9 zmaster and antminer z9 mini by bitmain. Another option was asic miner.
Initially bitcoin gold was based on equihash mining algorithm. This week we learned that the dominant specialty crypto mining hardware maker bitmain has released an asic miner for equihash which means it would be able to mine btg if we were to allow that to happen. A video tutorial on how to mine bitcoin gold.
How to mine bitcoin gold. Custom bitcoin asic chips offer performance up to 100x the capability of older systems have come to dominate the bitcoin mining industry. These mining machines are so much more efficient at mining than gpu and cpu miners have no chance.
Why should you mine bitcoin gold. Thats why entry level miners with their tiny gpu mining rigs cannot even bother to try mining bitcoin now. These asics take great ad! vantage of bitcoins sha256 algorithm and mine like crazy.
Essentially its a computer chip that needs a power supply to run it. The bitcoin gold network goes online in a little over a day of this post if you have a gpu you can mine bitcoin gold. The communitys mission is to prevent such powerful machines from operating on their network.
Bitmains newest asic can mine bitcoin gold zcash bitmain just released a new asic that could tear apart current mining efforts with bitcoin gold zcash and a number of other cryptocurrencies. Bitcoin gold forked away from the bitcoin blockchain to prevent asic mining. So for bitcoin gold mining you could use the same equipment that works for hush bitcoin private zcash zclassic and others that is 3gb amd and nvidia graphics cards.
Bitcoin gold is a mineable cryptocurrency that utilizes the proof of work algorithm equihash. This is the same algorithm used by z cash. Bitcoin gold is a gpu minable cryptocurrency that will remain asic resistant! for the future.
Bitcoin mining with anything less will consume more in electricity than you are likely to earn. Thats why entry level miners with their tiny gpu mining rigs cannot even bother to try mining bitcoin now.
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What Is Bitcoin Gold
