Best Graphics Card For Bitcoin Gold BTG Mining 2018
What is the best graphics card for Bitcoin mining? Data Mining. How to Mine Bitcoin Gold (BTG). Best Bitcoin Mining Hardware for 2018. Ethereum and more Best mining GPU 2017 the best graphics cards for mining Bitcoin, Ethereum How to Mine Bitcoin Gold BTG Best Mining Rig Hardware.
We believe are the best cryptocurrencies of the moment to mine with a graphics card. Bitcoin Gold (BTG). The best GPUs for cryptocurrency mining 2018.
The mining cryptocurrency is an arms race that rewards early adopters. You’ve almost certainly heard of Bitcoin, the first decentralized cryptocurrency launched in early 2009. Similar digital currencies have entered the world market since then, including a Bitcoin spin-off called Bitcoin Gold. What cryptocurrency is easier to mine? The cryptocurrency market is so mining a certain cryptocurrency today could stop being profitable in a short time. Due to this, we consider that the use of a GPU or graphic card is the best option for those who want to enter the mining industry. Through one or more GPUs it is possible to mine different cryptocurrencies, even with the possibility of automatically extracting the one that offers the most benefits at that moment.
Read Also: Read Also: Read Also: Read Also: That is why we have proposed in this article to make a selection of what we believe are the best cryptocurrencies of the moment to mine with a graphics card or GPU. Our selection is based on the recommendations of several specialized sites as well as the opinions of experienced miners. Like Bitcoin, all cryptocurrencies are subject to extreme volatility and risk, so if you intend to invest in mining, it is worth doing it with due diligence, and learn more about each one. Bitcoin Gold (BTG) Recommended GPUs:,, Algorithm: Equihash Bitcoin Gold (BTG) is a cryptocurrency that started in 2017 as a fork of the Bitcoin blockchain, but has been independent since then. In block 491407, Bitcoin Gold miners began to create blocks with a new working test algorithm, which caused a bifurcation of the Bitcoin blockchain.
Read Also: The fundamental change in Bitcoin Gold is the choice of a different hash algorithm that makes proof of work more difficult for ASICs. This is achieved when a hash algorithm requires more memory (RAM) to complete. The current chain of Bitcoin blocks driven by ASICs uses a hash algorithm known as SHA-256 for its work test. The founders of Bitcoin Gold have proposed changing that algorithm to another known as Equihash. Equihash was developed as an algorithm resistant to ASIC processing, and has already seen the success of other cryptocurrencies, the most famous of which is Zcash. Supporters hope that Bitcoin Gold will always be accessible to ordinary users who want to extract cryptocurrencies with their computers. That could give Bitcoin Gold a more democratic character and reduce the influence of the big mining groups that are so powerful within the Bitcoin network. Electroneum (ETN) Recommended GPUs:,, Algorithm: CryptoNight Electroneum is a cryptocurrency built on its own chain of blocks derived from bitcoin. The cryptocurrency claims to be “the first common cryptocurrency in the world”.
The currency was built with the specific objective of capturing mobile games and online gambling markets. It is designed taking into account the ease of use of mobile devices, fast transactions and easy micropayments. Read Also: Electroneum makes numerous mentions that it is a friendly currency for mobile devices. The creators of Electroneum recognize that most of the world has a mobile phone, and approximately 2 billion people own a smartphone. Electroneum is based on harnessing the power of all smartphones to power the network. In addition, users can control all aspects of Electroneum from their mobile wallet. Normally, cryptocurrencies are extracted with specialized equipment, such as PCs with multiple GPUs inside. Electroneum will allow users to extract the currency even with the mobile application. Electroneum wallets are designed to be easily manageable on any smartphone. Coins can be generated by a single mobile miner that runs as background activity on your device. The currency allows for quick micro transactions, and Electroneum can be easily transferred between different games, applications and users. The currency has a maximum total supply of 21 billion Zcash (ZEC) Recommended GPUs:, Algorithm: Equihash Zcash (ZEC) is a decentralized and open source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published in a public blockchain, but the sender, the recipient and the amount of a transaction remain private. Zcash was the first open cryptocurrency with no permissions that can completely protect the privacy of transactions using zero-knowledge cryptography. Read Also: Zcash’s initial protocol was launched as “Zerocash” in 2014.
Zcash was developed through a collaboration between the original Zerocoin researchers at John Hopkins University and a group of cryptographers at the Massachusetts Institute of Technology, the Technion Institute of Technology of Israel and Tel. University of Aviv.
Zcash uses Equihash, which is an asymmetric hard work test (PoW) algorithm. It is based on the high requirements of RAM to bottle the generation of tests, making the development of the application-specific integrated circuit (ASIC) unfeasible, like Ethereum. Zcash is considered by the majority in the cryptocurrency community as a truly fungible currency. Like Bitcoin, Zcash has a fixed total supply of 21 million units.
ZenCash (ZEN) Recommended GPUs:, Algorithm: Equihash Although ZenCash was recently introduced to the world, this cryptocurrency has already received a lot of attention. ZenCash is a direct bifurcation of ZClassic (which in turn is a fork of Zcash) focused on privacy. One feature that makes ZenCash attractive to people is the way it offers a secure communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which are driven by blockchain technology. ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a structure of the Decentralized Autonomous Organization, which is financed by a part of the mining rewards. The DAO will also finance future developments and seek additional partnerships. Read Also: ZenCash funds the growth using a redirection of a part of the miners’ reward, which will be spent on ZenCash using a community governance mode. In the ZenCash network, 8.5% of the tokens are earmarked for community development, marketing, maintenance and other costs paid from the treasury. Mine BitcoinDark BTCD On Android. This ensures that there are always enough resources available for growth.
ZenCash has a good history of software development and security. Zen uses the same algorithm as Zclassic and Zcash, the Equihash algorithm, so its exploitation is highly profitable through the use of graphic cards.
Contents • • • • • • • • • • • • • What Is Bitcoin Gold? If you are pretty up-to-date with the cryptocurrency space then you already know about it. But those of you who still do not have any idea regarding Bitcoin Gold, let me summarize it for you. Bitcoin Gold is one of the newest players in the cryptocurrency market with the motto “Make Bitcoin Decentralized Again”. The developer team hard forked this new cryptocurrency from the original Bitcoin blockchain. Starting at block 491407 of the original Bitcoin blockchain the bifurcation will happen.
Bitcoin Gold Miners will begin creating new blocks from that height. The Bitcoin Gold development team already carried out the hard fork at 25th of October.
The mining is still in testnet phase but it will soon come out of the sandbox. What Is The Reason Behind Creating Bitcoin Gold? From last few years, we are seeing massive scalability issues regarding the Bitcoin blockchain. The concept of Bitcoin is quite old – proposed it way back in 2008.
So it is not the first time we experienced a hard fork. Back in August, we saw another hard fork and some of Bitcoin’s loyal followers created. Plus currently, Bitcoin’s mining environment is heavily dominated by ASICs. These ASICs take great advantage of Bitcoin’s SHA256 algorithm and mine like crazy. That’s why entry-level miners with their tiny GPU mining rigs cannot even bother to try mining Bitcoin now. In his Bitcoin whitepaper, Satoshi claimed that in Bitcoin’s world one CPU will equal to one vote.
But that cannot be said anymore because right now it has become one ASIC one vote. Who Are Behind Bitcoin Gold? Is the brainchild of CEO of Hong Kong-based mining firm and mining equipment company LightningAsic, Jack Liao. Along with his anonymous developer who calls himself h4x3rotab and 4 other members Bitcoin Gold was developed. How Can Bitcoin Gold Solve The Issue Of Centralization? According to Bitcoin Gold’s white paper, they are confident that they can solve this issue by blocking ASIC mining completely. They believe that if they only allow GPU mining then decentralization will be possible.
That is why to completely shut off ASIC mining they are employing this new algorithm called Equihash. Instead of Bitcoin’s original SHA256 hashing algorithm which allows ASICs, Equihash is GPU mining rig friendly. Is already using this algorithm and it is a great algorithm, to say the least. They are also introducing technologies like segwit and replay protection in their system. Apart from this, this new cryptocurrency doesn’t aim to solve any other problems Bitcoin currently have. How To Get Bitcoin Gold And What Wallet To Use?
Bitcoin Gold is currently in beta phase so the number of exchanges that support them is on the lower side. Currently, it looks like Bitcoin Gold is only supported by exchanges like,, etc. But the team is in talks with other famous exchanges. Exchanges like,,, are expected to join the bandwagon once Bitcoin Gold reaches popularity. Right now only three wallets support Bitcoin Gold. And they are –, Guarda and.
So no hardware wallet support for Bitcoin Gold at this exact moment. How To Mine Bitcoin Gold? The hard fork took place on 25th October and since then the developers worked very hard to launch the mining testnet.
It was launched on 1st of November. The mining is still in testnet phase. So it is a good time to download the necessary tools and see if your rig has the potential to miner Bitcoin Gold. There are a handful of mining pools that currently support Bitcoin Gold mining. But I suggest using and, which is the official mining pool by the way.
First of all you need to configure your mining rig. As BTG is on Equihash you can use our guide on how to & it can work on mining BTG for you. How To Mine Bitcoin Gold With Mining.SG Pool? • First of all, navigate to. • Then navigate to their “Getting Started” page.
• This is where things change for AMD and Nvidia users. For Nvidia Users • • Download the EWBF Miner for your Nvidia graphics card from this link: • After downloading extract the files to a folder. • Create a new text document in that folder, and start editing it. • Paste the following line of code replacing the wallet address after user to your Bitcoin Gold address and “example” part to a worker name of your choice: miner --server pool.mining.sg --port 3032 --user GQE1srvTaXDXH1Gpga16qBtEVEJyb2yQg7.example --pass x • Now save the file with a name like start.bat • CAUTION: Be sure to use the.bat file extension. Without that, your system won’t be able to recognize it as a batch file. For AMD Users • • Download the Claymores miner from this link: • After downloading extract the files to a folder. • Create a new text document in that folder, and start editing it.
• Paste the following line of code: set GPU_FORCE_64BIT_PTR=1 set GPU_MAX_HEAP_SIZE=100 set GPU_USE_SYNC_OBJECTS=1 set GPU_MAX_ALLOC_PERCENT=100 set GPU_SINGLE_ALLOC_PERCENT=100 ZecMiner64 • Save the file with a name and extension like “start.bat”. • Now open the config.txt file and paste the following information in replacing the already written one: -zpool ssl://pool.mining.sg:3032 -zwal GQE1srvTaXDXH1Gpga16qBtEVEJyb2yQg7.example -zpsw x -allpools 1 • Save and exit. • Now in both cases, you can click on the start.bat file to start mining Bitcoin Gold with Mining.SG pool.
How To Mine Bitcoin Gold With Minepool.gold? • At first, make your way to.
• Now head over to the “Getting Started” page. • From here on the process is similar to mining with. How To Get Free Bitcoin Gold Right now there are no faucets or legitimate websites giving away Bitcoin Golds for free. So please don’t fall into this kind of traps and give away sensitive information like private keys, wallet addresses etc. Always step with caution because one bad footing can make you a hacker’s prey. And before you know it they will drain your wallet. But fortunately, if you kept your Bitcoin still during the time of hard forking you are eligible for getting free Bitcoin Gold in 1:1 ratio during the premine or ICO.
So if you had 5 Bitcoins during the time of splitting, you can claim 5 Bitcoin Gold. But, If you kept the Bitcoins in an exchange wallet or online wallet then this may not be applicable to you. Currently, this is the only method that can get you Bitcoin Gold for free. Final Words Bitcoin Gold is a new cryptocurrency so as always it is advised to step carefully. For miners, Bitcoin Gold can be the new big thing since their policy is mining focused. They have implemented variable difficulty in their mining algorithm which will be a great thing for GPU miners.
The difficulty is adjusted after every block instead of every two weeks in Bitcoin. Plus they have introduced technologies like segwit and replay protection, and thrown unique wallet addresses in the mix. To be extremely honest currently, not much can be said about Bitcoin Gold.
Only time will tell how successful it will become. Hi Indrasish! A couple of months are gone since you wrote this super interesting article. All the references are still valid and worthy but It’s also worth noting that now BTG supports (I’ve not tested it yet though) HD wallets like the well known Ledger Nano S.
It’s important for all the miners and users to know that in the first weeks there could have been a “possible” scam (see GitHub BTCGPU 213#) with one of the web wallets listed at bitcoingold.org (following those reports, a red disclaimer has been added on the bottom of the list by the BTG devs). Hence, anyone please remember to keep the private keys for yourself (do not trust anyone but yourself) and to possibly opt for the most secure wallet solution possible (guess for many of us it’s the hd wallet).