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Topic: [ANN] Bitcoin Gold - No Premine Client (Read 3111 times)

full member
Activity: 448
Merit: 100
January 19, 2018, 04:58:34 PM
#22
The project has the potential to transform finance into the involvement of people around the world who are otherwise deprived of their rights from the banking system. In other words, people in remote areas will have access to send money to each other as long as they have feature phones featured.
member
Activity: 82
Merit: 10
October 25, 2017, 01:06:38 PM
#21
Wow, this seems like a cool idea. Will try to build the Gold node today and copy-paste Bitcoin Core chaindata over and see if it works.

Time to fork the fork!!
sr. member
Activity: 489
Merit: 260
October 24, 2017, 10:43:33 PM
#20
Running a Bitcoin Gold node from Network Backup

Download a full client from the latest version of Bitcoin Core

Load a network copy (bootstrap.dat) to decrease syncing time or wait until client is fully in sync with the main network.

Compile and run Bitcoin Gold (Bitcoin-qt) from a terminal prompt on Ubuntu OS or virtual machine with Linux installed (See build-unix.md, libsodium 1.0.14 to solve dependency issues).

Backup network data from the main chain using the option -datadir=(Bitcoin data) or copying folder contents into the Bitcoin Gold data directory, wait for blocks to fully load from file.

Code:
bitcoin-qt -datadir= -daemon -rpcport=8332

Invalidate block of the first block on the mainchain after the hard fork to switch to the Bitcoin Gold network (block 491408).

Code:
bgold-cli invalidateblock 0000000000000000002ac644c9ba8ac3be966276fb7fc8f3baa1a3b9bdc615f1

This solo mining guide to generate to a specific address or the daemon's address should work for basic mining, can read more here:
https://medium.com/minecoin-blog/here-is-detail-instruction-how-to-mine-7be0d91ef5f0
sr. member
Activity: 489
Merit: 260
October 24, 2017, 09:41:02 PM
#19
I got the qt wallet client running on linux with low connections, after get the original chain data onloaded it may be possible to start moving some more blocks, pools should follow soon after for either this version or the original proposal. My node ip is 118.172.109.106.

newbie
Activity: 40
Merit: 0
October 20, 2017, 04:37:01 AM
#18
This is good, I will use this client  Cheesy
full member
Activity: 298
Merit: 100
October 19, 2017, 05:22:29 AM
#17
i think bitcoin gold can work after BTC split in hardfork
without spilit not real bitcoingold

There is no REAL bitcoin gold, cause it's shit copy-pasted altcoin, created from air. Pure scam.
sr. member
Activity: 385
Merit: 257
Open to any CryptoBusiness idea you have for Ghana
full member
Activity: 284
Merit: 100
October 18, 2017, 09:58:37 PM
#15
i think bitcoin gold can work after BTC split in hardfork
without spilit not real bitcoingold
jr. member
Activity: 56
Merit: 10
October 18, 2017, 09:40:12 PM
#14
I would love to help raise awareness for this. It will be a powerful message to groups that try to wrestle control over bitcoin. It's a lot harder than they think.
member
Activity: 308
Merit: 10
October 18, 2017, 08:53:02 PM
#13
A client which may fork a non-existing (yet) network. wow.
A lot if rumors that btcg is a scam, and without a premine what interest will devs have to support the network? Zero!
member
Activity: 80
Merit: 10
October 18, 2017, 08:37:31 PM
#12
No premine is a wonderful development, but 3rd parties reviewing the code will be great.
full member
Activity: 214
Merit: 100
October 18, 2017, 08:26:40 PM
#11
Bitcoin Gold No Premine

The Bitcoin Gold developers decided to include a premine at: https://github.com/BTCGPU/BTCGPU

Therefore, I created an alternate client that removes the premine.

Bitcoin Gold (no premine) Client:
https://github.com/realBitcoinGold/BTCGPU

You can see the change here:
https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f

It will be up to the miners to decide what client to use.  If 51% of miners use the no-premine client, there will be no premine for Bitcoin Gold.

FAQ

Q: Is this a fork of Bitcoin Gold?
A: No, it is an alternative client.  If 51%+ (majority) of miners use the no-premine chain, there will be no premine.  If the majority of miners want a premine, they can use the premine chain and get a premine.

Q: Why should miners want a premine in Bitcoin Gold?
A: Use the premine chain if you want developers to get a premine.  Maybe it will incentivize them to work on the chain and make it more valuable.

Q: What if I try to mine blocks with the no-premine client, but more mining power wants a premine?
A: Your mined blocks will be invalid and forked off the main chain.  The same is true if you try mining with the pre-mine chain and the majority wants no-premine.



i personality think team should be incentivized ... at least knowledge time and dedication should be appreciated .. this alone might be the driving force behind this project or the stopping point .
think wisely before choosing  

well they are using Equihash, so how hard is it to use what Zcash has already done--not like they are recreating the wheel.  Even the same Equihash miners will work for Bitcoin Gold.  Instead of a premine they could take a certain percentage of the block reward for every coin mined--like Zcash did. 
sr. member
Activity: 266
Merit: 250
October 18, 2017, 02:49:32 AM
#10
I will look into mining, looks interesting indeed.
member
Activity: 122
Merit: 10
October 18, 2017, 01:58:07 AM
#9
It will be up to the miners.  I've announced it on the Bitcoin Gold Slack channel and here.
I don't even see another thread for Bitcoin Gold here.

Also, it will be easy for someone to choose a client with a burst of Nicehash.

I do not quite understand, due to what your algorithm will gain popularity? After all, fork developers will propose their option - and it will be adopted a priori.
sr. member
Activity: 756
Merit: 250
October 18, 2017, 01:49:09 AM
#8
I do not quite understand, due to what your algorithm will gain popularity? After all, fork developers will propose their option - and it will be adopted a priori.
sr. member
Activity: 882
Merit: 254
October 18, 2017, 01:35:19 AM
#7
The crypto world is getting fucked actually with these forks around the corner every single month now (soon will be that way & in that rate).

Everyone wanna take a piece of the cake BUT they are ruining this game even if they didn't mean that (which i truly doubt).

From now on will be hearing of forks of those who forked a previous coin !!!

Started with BTC = Bitcoincash
Bitcoincash = something else...

Imagine what will happen next, unlimited forks of forked coins...
jr. member
Activity: 700
Merit: 1
SetupMasternodes.com
October 18, 2017, 01:23:20 AM
#6
I like the concept of giving users another option.  Are there any developers that can review this code and validate it?
full member
Activity: 476
Merit: 105
October 18, 2017, 01:19:32 AM
#5
Bitcoin Gold No Premine

The Bitcoin Gold developers decided to include a premine at: https://github.com/BTCGPU/BTCGPU

Therefore, I created an alternate client that removes the premine.

Bitcoin Gold (no premine) Client:
https://github.com/realBitcoinGold/BTCGPU

You can see the change here:
https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f

It will be up to the miners to decide what client to use.  If 51% of miners use the no-premine client, there will be no premine for Bitcoin Gold.

FAQ

Q: Is this a fork of Bitcoin Gold?
A: No, it is an alternative client.  If 51%+ (majority) of miners use the no-premine chain, there will be no premine.  If the majority of miners want a premine, they can use the premine chain and get a premine.

Q: Why should miners want a premine in Bitcoin Gold?
A: Use the premine chain if you want developers to get a premine.  Maybe it will incentivize them to work on the chain and make it more valuable.

Q: What if I try to mine blocks with the no-premine client, but more mining power wants a premine?
A: Your mined blocks will be invalid and forked off the main chain.  The same is true if you try mining with the pre-mine chain and the majority wants no-premine.



i personality think team should be incentivized ... at least knowledge time and dedication should be appreciated .. this alone might be the driving force behind this project or the stopping point .
think wisely before choosing  
member
Activity: 122
Merit: 10
October 18, 2017, 01:11:05 AM
#4
I'm not a miner.  It's up to miners to decide if they want to convince pool operators or not.

Miners vote with their GPU power, as they should.  I just want to help give miners a choice.
legendary
Activity: 1638
Merit: 1013
October 18, 2017, 01:10:01 AM
#3
What is the actual purpose of this thread? Everyone knows Bitcoin gold will not get much attention apart from getting free coins to dump if there are suckers to buy it.
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