BTGold, Equihash Algo for GPU Mining Rigs

grchina

sr. member

Activity: 476

Merit: 278

Quote from: Za1n on October 11, 2017, 04:52:22 PM

Quote from: grchina on October 11, 2017, 04:43:49 PM

Only good thing about this fork is that will it will move some cards from other algos to btc gold and lower the diff for rest

Depends on how successful it is and the what the coins price ends up being. When Zcash first launched late last October it stole away some hashrate from Ethereum for about a month, but most of that went right back when it started to lose profitability. Expect the same thing to happen here, but again it needs to be profitable to mine in the first place for that to happen.

Yeah i guess we will have to wait and see...

Za1n

legendary

Activity: 1078

Merit: 1011

Quote from: grchina on October 11, 2017, 04:43:49 PM

Only good thing about this fork is that will it will move some cards from other algos to btc gold and lower the diff for rest

Depends on how successful it is and the what the coins price ends up being. When Zcash first launched late last October it stole away some hashrate from Ethereum for about a month, but most of that went right back when it started to lose profitability. Expect the same thing to happen here, but again it needs to be profitable to mine in the first place for that to happen.

grchina

sr. member

Activity: 476

Merit: 278

Only good thing about this fork is that will it will move some cards from other algos to btc gold and lower the diff for rest

ripcurrent

member

Activity: 160

Merit: 10

I dont think it will be...what is the value of BTG, what will it be used for, I don't see the need or the use for it....but in crypto land anything is possible.

Sev18

full member

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Merit: 100

I really hope btcgold to be the 'next big thing'. After the PoS of ethrereum there must be a major coin to get hashes from ethereum.

Za1n

legendary

Activity: 1078

Merit: 1011

The last thing I read on the subject was Ethereum was delaying the switch to PoS for at least another year. They gave no exact time table but said generally it would probably be at least a year out. So this fact contradicts your "convenient" timing theory as the events will be at least one year apart.

As far as mining, it will depend on the price and profitability ratios, as it does for any coin. If BTG is profitable to mine it will pull some hashrate away from other coins, but that hashrate will snap right back to whatever coin is the most profitable at any given moment. You can see the same thing now with Bitcoin and BCash, all the diehard BCash supporters who claimed they would mine BCash even at a loss switch back and forth all the time and are even abusing the rapid block adjustment mechanism in BCash just so they can make more profit.

blokHed

newbie

Activity: 59

Merit: 0

You are correct, mis-informed by news article that stated Equihash, but went on as if EthHash, saying it had Ethereum MH/s.
Any thoughts to how this might play out in long run?

Vann

hero member

Activity: 1036

Merit: 606

ETH uses Ethash (renamed from Dagger Hashimoto). BTG also has yet to successfully implement the Equihash algorithm for their fork.

https://www.youtube.com/watch?v=MQkCv9pHELo&feature=youtu.be&t=302

https://github.com/BTCGPU/BTCGPU/pull/15

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: blokHed on October 10, 2017, 12:10:56 PM

BTGold uses the Equihash Algo, same as Ethereum for miners. MH/s will be comparable for both.
With Ethereum coming close to PoS, could this have been timed for rigs to be pointed here for 'next big coin'?
They have the miner app out on GitHub. Be interesting to see what this provides for GPU miners.
Any thoughts?

Ethereum uses Ethash. Zcash uses Equihash measured in Sol/s.

https://www.reddit.com/r/BitcoinMarkets/comments/757l70/here_is_why_bitcoingold_is_shady_and_a_scam_you/

blokHed

newbie

Activity: 59

Merit: 0

BTGold uses the Equihash Algo, same as Ethereum for miners. MH/s will be comparable for both.
With Ethereum coming close to PoS, could this have been timed for rigs to be pointed here for 'next big coin'?
They have the miner app out on GitHub. Be interesting to see what this provides for GPU miners.
Any thoughts?

Topic: BTGold, Equihash Algo for GPU Mining Rigs (Read 1072 times)