Bitcoin has gone through a Hard Fork recently and provided us with Bitcoin Cash. Despite of so much rejection from various miners, exchanges & wallets, Bitcoin Cash not only survived but showed us that i can be profitable.
I still remember major players on Bitcoin suggesting simply dump Bitcoin Cash and many of us followed them by either dumping or straight away selling it out.
Now Bitcoin is coming up with another Hard Fork in November, this time it is highly likely that chain split would go by the name of "Bitcoin Gold". One of the major aspects of this Hard Fork is to activate SegWit 2.X
However i am more excited to know, Bitcoin Gold (so to say) would be accepted as an actual currency and will get the support which Bitcoin Cash didn't get last time. Developers has decided to make Bitcoin Gold move towards EquiHash Algorithm.
Yes you read it right, Bitcoin Gold is more likely to be on EquiHash Algorithm which is the same Algo them powers Ethereum Network. One of the Major benefit of this EquiHash is that it's ASIC Proof. Which means Technically there are no ASIC miners to be build on EquiHash and this can only be mined via CPUs and GPUs.
CPU mining we all know would not be possible and making our GPUs mining Bitcoin Gold would give you a feeling of 2013 when most of the miner were mining Bitcoins at there home.
I would say with Bitcoin Gold, Bitcoin is again knocking at your door to come in. All you have to do is turn your GPUs on.
Happy Mining
Please upvote if you like what i am doing and leave your comments below, what you guys think of this?
I personally don't see the point of coming up with new coins every couple of months, unless it solves a problem that the previous one couldn't. What purpose does this serve really other than dividing the community? Bitcoin Cash/Gold, Ethereum Classic, they just want to benefit from the goodwill of the original coin.
agreed @alien45 the thing is Bitcoin needs regular updates to keep on improving unless majority of the miners are not on same page, It gets a hardfork and we are introduced with new coin from split chain...
Hardfork won't happen if majority of miners come on the same page and signal to same update... CHEERS !!!
There should be better way to determine whether an update needs to be developed and deployed. Miners aren't partial and may not always think about the long term goal of the project. Because they mostly care if the update is gonna increase their earnings or not.
That is exactly what is going on... this is how blockchain works mate...
Welcome to world of decentralization...
This could be interesting, considering most ETH miners will be moving out of ETH as the PoS system kicks in. To jump from ETH to BitCoin Gold immediately keeps our GPUs crunching, and that money flowing.
That is exactly what is going to happen... I 100% agree with you @kryptokyle
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This is another interesting turn of events, bitcoin sure keeps you on your toes with keeping up to date on the information flow.
Thanks for your insights and the info @bunnychum
my pleasure @joanstewart
we need to be updated and make people informed as well... i strongly believe this is how we all grow...
#Crypto is a community :D
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