Bitcoin Gold is a reasonably new currency which has been launched in the market. Since, the launch of Bitcoin Gold, it has attracted the attention of many of the crypto enthusiasts including the crypto miners. It is mainly because of its increasing usability. To define bitcoin gold correctly, it is a hard fork from the Bitcoin blockchain. However, it has a more democratic and decentralized mining infrastructure in comparison to Bitcoin. Bitcoin Gold is also denoted as BTG.
BTG is known to make use of PoW algorithm running Equihash which can be efficiently mined with GPUs. If you want to learn how to mine Bitcoin Gold, you are at the right place. From this guide, you can get detailed information about Bitcoin Gold mining rig that is required to mine the cryptocurrency. So, no more delay and let's jump into the details.
BTG is a mineable cryptocurrency that is based on PoW algorithm Equihash. The principal advantage of this algorithm is that it is ASIC resistant. It means that you can mine BTG with the help of a regular computer. So if you are in search of a new cryptocurrency to mine, you can try your luck mining BTG and gain profit out of it. Since BTG mining doesn’t require any heavy rig, you can cut down on the overall cost. It automatically increases the profitability of the crypto. This gives everyone the opportunity to mine BTG. You can BTG with a simple Bitcoin Gold mining rig.
If you are interested to know how to mine Bitcoin Gold, go through the details given below. In the next two parts, we will be discussing Bitcoin Gold mining hardware and software requirement. You will also get to know about Bitcoin Gold profitability. You need to choose the best Bitcoin Gold mining pool
As you already know, Bitcoin Gold is based on Proof of Work algorithm Equihash. This makes the crypto ASIC resistant. It is one of the most significant advantages of mining BTG. In other words, BTG can be mined using a simple computer. It also means that you have to invest less in a Bitcoin Gold mining hardware. BTG can be mined with GPUs. You can make use of both AMD and Nvidia cards. However, it is advised for you to opt for Nvidia. This is mainly because Nvidia is any day better than AMD. No matter what AMD hardware you are using, Nvidia can easily beat its performance. All you need is a fast processor along with 4 GB memory.
Since Bitcoin Gold is based on PoW algorithm Equihash, it doesn’t require any heavy mining rig. If you are not sure of the GPU cards you should use, you can consider opting for either GTX 1050 Ti or GTX 970. If not, you can also make use of GTX 1080 Ti, GTX 1070, or GTX 1060. You can choose any of the BTG mining hardware and get started with your free Bitcoin Gold mining. Now that you know about Bitcoin Gold mining hardware requirement let’s move on to its software requirements.
To mine BTG you need the right software as well. Just getting the right hardware won’t work, if you don’t get the right Bitcoin Gold mining software. With the help of a Bitcoin Gold mining software, you will connect your device to the Bitcoin Gold mining pool or network and begin hashing. If you are in the quest of the best Bitcoin Gold mining software, you can rely on OptiMiner. This particular software is compatible with Linux and can also be used with AMD cards as well. The next software you can opt for is Claymore’s AMD miner who is also meant for AMD cards. It is compatible on Windows (Bitcoin Gold mining software Windows). If you are using Nvidia, you can make use of EWBF Miner which is consistent with both Windows and Linux. You need to choose the software based on the hardware that you are using.
The profitability of a particular crypto is based on several factors like hash rate, the total power consumed, cost and value of the crypto. One must take care of these factors into consideration before you start mining a particular crypto. The same applies to BTG. If you are want to figure out Bitcoin Gold mining profitability, you can make use of the Bitcoin Gold mining calculator. It will give you a little brief about the number of coins you can mine per hour. Since the costs to mine BTG is low, it is safe to say that Bitcoin Gold mining profitability is high in 2020.
It is often seen miners struggling to mine BTG. Therefore, there is every need for BTG developers to introduce a Bitcoin Gold mining app that can help users with BTG mining.
Now that you know everything related to BTG mining, it should be easier for you to get started. For new miners, mining BTG can be profitable as it involves fewer costs. So if you are looking for a new cryptocurrency to mine, you already know which one to choose.
Yes, you can mine Bitcoin Gold.
As of November 25, 2020, BTG is trading at $6.31.
Bitcoin Gold was created on November 12, 2017.
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2020-04-30 11:22:16.627395 | 2 min