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Bitcoin Gold features, mining, rate and prospects

Team Bitcoin Daily

Published

4 years ago

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Bitcoin Gold is a cryptocurrency based on the original Bitcoin blockchain. As the name suggests, this is a fork of the very first digital coin. It is a soft fork – that is, to create and run the crypt, the open source Bitcoin code was copied with some changes.

The new cryptocurrency project was officially launched on October 25, 2017. On this day, the developers of Bitcoin Gold BTG copied the Bitcoin blockchain and subsequent blocks began to be generated in their own network. What is the meaning of this fork, and what are the prospects for gold Bitcoin in 2021?

Bitcoin Gold features

The emergence of Bitcoin Gold was preceded by another fork – Bitcoin Cash. Apparently, the cryptocurrency developers decided to play on a well-known name, because many cryptocurrencies that appeared long before the new Bitcoins are also forks of the original network, but at the same time have more unique names.

The person representing the Bitcoin Gold cryptocurrency development team is Jack Liao from China. Like many of his compatriots, he became famous more in the field of mining than in creating revolutionary crypto opportunities.

Perhaps that is why affordable mining has become the main feature of BTG. After all, it’s not a secret for anyone that the current Bitcoin mining is the lot of powerful industrial ASIC farms, while the usual video cards (GPUs) have become completely ineffective.

hus, the “noble” goal of Jack Liao and his team is a popular Bitcoin with decentralized mining, available for mining to an average cryptocurrency user. To implement this feature of confirmation of work, the Equihash hashing algorithm is used. It is optimized specifically for GPU mining and is not compatible with ASIC processors.

At the very beginning, the developers announced the launch date for the mining network – November 1, 2017. However, the system was not brought to mind, so the network worked for some time only in test mode. The long-awaited launch of BTG mining took place on the night of November 12-13, 2017.

Bitcoin Gold mining

The complexity of Bitcoin gold allows you to mine coins using Nvidia and AMD video cards, but it is preferable to do this using the first option. The following Nvidia video card models are optimal for BTG mining:

  • GTX 1060 (from $200);
  • GTX 1070 (from $400);
  • GTX 1080 (from $650).

Or more advanced video card models. It is highly desirable to have a powerful PC in terms of basic parameters and high-speed Internet. Before mining BTG, you also need to find a cold place to install the farm in order to reduce the thermal load on the video card cooled by the standard fans. After all, effective BTG mining requires almost uninterrupted operation of the farm.

To receive a reward, you need to create a Bitcoin Gold wallet – the corresponding address can be obtained on the bitcoin exchange Cryptex without verification or in a multicurrency wallet. The official website of Bitcoin Gold provides a list of pools for mining. There are two types of Bitcoin Gold pools:

  • with personal reward;
  • with shared reward.

A personal reward goes to the one whose farm was the first to solve the problem. The owner of this farm ultimately receives the mined coins from the current complexity in full. Such pools are worth choosing if the farm has high capacity to compete successfully. The more powerful the farm, the higher the chance that it will be the one who will solve the calculations.

The shared reward goes to all participants in the pool, in proportion to the capacity of their farms. This option is best suited for small budget home farms, since regardless of who from the pool solved the calculations, the reward will be shared among the participants.

After selecting the pool and downloading the software, copy the Bitcoin Gold wallet address to the appropriate section. The pools also have settings that allow you to set the minimum amount of reward accrued by the pool. When setting this parameter, you should consider the technical capabilities of your farm.

To start mining, you need to download a miner with Equihash technology support. The software is able to determine the parameters of the video card itself and set the appropriate settings for mining. In the created bat-file, write the server address, port, username, etc. Mining can be started and monitored in the miner’s software window.

Bitcoin Gold rate and prospects in 2021

BTG trading started in October 2017 on cryptocurrency exchanges at about $100 per coin. The maximum was achieved on November 11 of 2017, before the official launch of crypto mining. Then the cost of one coin reached 422 dollars.

With the increased flow of Bitcoin gold transactions in just a few days, the BTG rate dropped by more than 2 times, and at the beginning of 2018 it turned out to be in a range that is relevant to this day. In 2020, the cost of one BTG coin ranged from $5 to $15.

If you look at the Bitcoin Gold rate chart, you can trace the typical exchange dynamics of a cryptocurrency with volatility in the middle range. Nowadays, BTG is interesting for miners with video cards, who do not consider long positions in this cryptocurrency and in fact immediately sell the mined coins.

The other side of BTG is speculative market interest. In short-term transactions, Bitcoin Gold is actively used, and pumping and dumping schemes are quite clearly traced. There are no special prerequisites for a significant growth in this in 2021, as well as factors for its collapse, but the future growth may be followed by the original Bitcoin growth that we see in the past few weeks. The development team led by Jack Liao is actively supporting their project, but their reputation in the crypto world is not entirely perfect.

The daily volume of transactions with gold bitcoin exceeds $8.5 million. This is almost a 5.5 thousand times less than the original Bitcoin. Like the original Bitcoin, Bitcoin Gold has a limited supply of 21 million coins. Given the complexity of Bitcoin Gold mining, there are still several years before the last coin is mined, so interest from GPU miners in 2021 will not disappear, unless, of course, more profitable competitors in terms of mining on video cards appear.

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Blockchain

Ethora: The Degen Binary Options Trading Platform powered by AI, on Base Network

sky0x.eth

Published

1 week ago

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July 20, 2024

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Ethora, the world’s most degen Binary Options platform powered by AI, is gearing up for its much-anticipated Initial DEX Offering (IDO). This revolutionary platform, designed by three DeFi enthusiasts and options trading experts, is set to transform options trading by offering ultra-short expiry Binary Options. From July 23 to July 29, Ethora’s IDO will take place across multiple prestigious launchpads:

  • Kommunitas
  • SuiPad
  • Spores
  • TrustFi
  • Huostarter
  • BscLaunch
  • WeLabs
  • KDG
  • Pixelrealm
  • Zenix Launchpad

Exciting News: Ethora Token ($ETR) Listing on MEXC Exchange

Mark your calendars for July 31 at 9 AM UTC! The Ethora token ($ETR) will be listed on the MEXC exchange, offering traders and investors a chance to engage with this pioneering platform.

Ethora: For Degens, By Degens

Ethora allows users to predict the movement of BTC and other asset prices in ultra-short time frames—up to 3 minutes—with instant payout and gratification. This innovative approach has already demonstrated remarkable achievements:

  • $20M volume in the first month of testnet
  • $2M fees collected by the platform
  • 15K community members
  • 25K Galxe participants

Key Product Advantages

  1. No Liquidation: Ethora offers a clearly defined risk-reward ratio, ensuring traders are free from the risk of liquidation.
  2. Quick Binary Options: Predict the price movement of BTC or other assets, whether Up or Down, in just 3 minutes, with instant payout.

Why Ethora?

  • Intuitive and Swift User Experience: Seamlessly designed for quick and efficient trading.
  • Short Expiry Binary Options: Trade with expiry times as short as 3 minutes.
  • One-Click, Gasless, Instant Trading: Experience trading without the hassle of gas fees.
  • Diverse Market Access: Wide range of assets available for trading.
  • Market Making Vaults: Earn up to 90% real yield through market-making vaults.
  • Powered by AI: Sophisticated algorithms in Ethora can empower binary options traders to trade 10 times better

AI and Machine Learning in Ethora

Automated trading has revolutionized the financial industry, offering unprecedented speed, efficiency, and accuracy. By leveraging advanced mathematical models and machine learning capabilities, Ethora trading algorithms can analyze vast amounts of data, identify patterns, execute orders, and manage risk—all at speeds unattainable by human traders.

Future Plans

Ethora is not just stopping with its current offerings. Here are some exciting future plans:

  • Integration with New Chains: Ethora will expand to new chains such as Berachain, Monad, and MegaETH, enhancing its reach and capabilities.
  • Listing of New Trading Pairs: Ethora will continuously add new trading pairs for trending coins to keep up with market demands.
  • New Product Features:
    • Between Range: A feature allowing users to predict if an asset’s price will stay within a certain range.
    • Copy Trading: A feature enabling users to replicate the trades of successful traders.
    • Chat Room: A social feature where traders can discuss strategies and market trends.
  • Deployment of Dapp Chain on Altlayer: Ethora will deploy its Dapp chain on Altlayer, using $ETR as the gas fee, enhancing scalability and efficiency.

About Ethora

Ethora ($ETR) is the world’s most degen AI Binary Options platform, powered by the Base network. Founded by three DeFi degens and options trading experts with backgrounds in various centralized exchanges and trading companies, Ethora provides a groundbreaking trading experience with its ultra-short expiry Binary Options and innovative features, powered by AI and machine learning.

For more information, visit Ethora’s website and follow us on Twitter and Discord for the latest updates.

Website: https://www.ethora.io/

Twitter: https://x.com/Ethora_ 

Discord: https://discord.com/invite/ethora 

Ethora’s IDO and token listing present a unique opportunity for traders and investors to join the most degen Binary Options platform in the market. Don’t miss out on this chance to be part of the future of options trading!

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Blockchain

$PRICK is the new PEPE: get a 75% token bonus ahead of the listing on OKX

Crypto Chain Wire

Published

2 weeks ago

on

July 16, 2024

By

$PRICK on Solana already has a community of 1 million users, an NFT collection with a 75% cashback for holders, and a Telegram game with a 200 SOL monthly prize pool. With several major CEX listings coming starting from July 22, $PRICK is ready for a fast expansion.

The incredible rise of $PRICK: from a meme to an ecosystem with NFTs and a clicker game

$PRICK stands for Pickle Rick, and it’s one of the most talked about memecoin ecosystems on Solana. What started as a fun meme quickly became an ambitious project boosted by its passionate community of almost 1 million users, including 240 thousand on X (Twitter) and 740 thousand on Telegram. 

So successful is $PRICK that at least three major exchanges have already agreed or tentatively agreed to list it, including OKX, BingX, Bybit, and BitGet.

What is it about $PRICK that makes users pick it over hundreds of other memecoins on Solana? There are multiple factors, including fair token distribution; very good price performance; a game with large prizes in SOL and $PRICK; and NFTs that make holders eligible for a raffle and a 75% cashback.

Robust and fair tokenomics

  • The team has burned all the initial LP tokens, then renounced contract ownership;
  • 10% of the circulating supply was purchased in the open market and locked to finance CEX listings, community airdrop, and token burns;
  • There is no tax on buying, selling, or sending $PRICK;
  • The rest of the 1 billion $PRICK supply is released smoothly at the rate of 1% a month. 

Positive price dynamics and potential

Since its DEX launch at the end of May, $PRICK has never gone below the initial listing price – something that very few Solana memecoins can boast of. At the same time, the price currently sits 70% below the ATH, creating an interesting opportunity for buyers ahead of the scheduled listings on OKS, Bybit, and BingX. 

Telegram clicker game

$PRICK is one of the first memecoins to launch its own Telegram clicker game, inspired by the success of Hamster Kombat and Notcoin. As players earn points and complete tasks, they climb the leaderboard and compete for a share of the monthly 200 SOL prize pool and large bonuses in $PRICK. 

Mint one of the 101 NFTs to get 75% back in $PRICK and a ticket for the 1,000 SOL raffle

Pickle Rick’s exclusive NFT collection was launched on July 15 and features only 101 NFTs, each with a unique hand-drawn design of the title character, Pickle Rick. The main advantage of holding a Pickle Rick NFT is a massive 75% cashback in $PRICK that each holder will receive once the token is listed on OKX or Bybit on July 22. 

 Moreover, upon the listing on Bybit, the project will hold a raffle for all its NFT holders with a prize pool of 1,000 SOL. 

The cashback is calculated as 75% of the mint price of 12 SOL, translated into $PRICK at the exchange rate on July 22 (the listing day). As of the time of writing, part of the collection is still available to mint, but users should act quickly so as not to miss this opportunity. 

OKX and other major CEX listings coming soon – and where to buy $PRICK right now

The team of $PRICK has successfully negotiated with several large crypto exchanges to list the token. The series of listings is scheduled to start on July 22 with OKX, followed by $PRICK launch on BingX, Bybit, and BitGet. 

The news of each new listing can cause a significant surge of the $PRICK price. Ahead of the listings on these major platforms, users can already buy $PRICK on the following exchanges:

Raydium (Solana): $PRICK/SOL, contract address 6zoshtkmyX4kRFg3p152yV2bPssxeYdNvW3c6EVCE4UP

MEXC: $PRICK/USDT

In less than two months, Pickle Rick ($PRICK) has built one of the most active meme ecosystems on Solana, with hundreds of thousands of loyal followers, a generous system of incentives, NFTs, and even a game. This is just the beginning, however, as the team promises even more bullish news in the coming weeks. 

Follow $PRICK on social media

Official website

X (Twitter)

Telegram

DexScreener

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Blockchain

4 Low-Cap Meme Coins to Watch for 2024

Team Bitcoin Daily

Published

2 weeks ago

on

July 11, 2024

By

Traditionally, meme coin season follows a surge in Bitcoin (BTC) prices, followed by Ethereum (ETH) and large-cap altcoins like Solana (SOL) and Avalanche (AVAX). This year, meme coins are garnering more attention than ever. Leading the pack are Dogecoin (DOGE) and Shiba Inu (SHIB), along with newer contenders like Bonk Inu (BONK), Wifi Coin (WIF), and Pepe Coin (PEPE). With potential factors like interest rate cuts and the US presidential election in the latter half of the year, Bitcoin and Ethereum could see significant gains, possibly ushering in a new meme coin season. Early investments in undervalued meme coins could yield substantial profits. Here are five promising low-cap meme coins to watch:

1. Dogecoin20 (DOGE20): The Cleaner, Greener Doge

  • Following a successful presale, Dogecoin20 (DOGE20) has surged 50% since launch and listed on decentralized exchanges (DEXs) earlier than expected. Built on the Ethereum blockchain (ERC-20), DOGE20 offers faster transaction speeds, lower fees, and an energy-efficient Proof-of-Stake (PoS) mechanism. DOGE20 also integrates staking rewards, encouraging long-term investment. With Bitcoin’s halving expected to limit supply and increase demand, and Doge Day adding cultural significance, DOGE20 is well-positioned for potential gains. As of July 9, 2024, It’s market cap stands at $2.2 million

2. KittyInu (KITTY):

  • Blockchain: Ethereum
  • Features: KittyInu is a meme coin with a cute cat theme, enjoying strong community support. The project engages in charitable activities, building a positive image, and expands its user base through various marketing campaigns. Recent upward trends have attracted more investor interest.
  • Potential: KittyInu’s focus on charity and marketing, combined with strong community backing, positions it for significant growth. As of July 9, 2024, It’s market cap stands at $1.9 million

3. Slothana (SLOTH): A Sleepy Success Story on Solana

  • Launched in April 2024, Slothana ($SLOTH) quickly gained attention in the Solana meme coin market. Utilizing Solana’s fast transaction speeds and low fees, Slothana has attracted developers and investors. The limited presale window, ending on April 29th, and endorsements from notable crypto figures like ClayBro have further fueled interest. As of July 9, 2024, Slothana’s market cap stands at $13 million, highlighting its growth potential.

4. Pigcoin (PIG): Leading Meme Coin on Polygon

  • Pigcoin (PIG) is the leading meme coin on the Polygon chain, boasting over 500,000 holders and ranking first on the chain by holder count. Launched in December last year, Pigcoin is listed on Mexc and Gate.io, with plans for additional listings. With a total supply of 3 trillion coins and 96% currently in circulation, Pigcoin’s market cap is only $4 million, indicating its undervaluation and potential for up to 100x gains. Pigcoin’s strong community and active listing efforts enhance its growth prospects.

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