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Bitcoin Gold in a Nutshell

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Correction: Fork is scheduled for Oct 25th, I spoke the wrong month. Bitcoin gold is a proposed hard fork on the Bitcoin network that will change the proof of work algorithm to equihash. The main advantage of this is to break the reliance of bitcoin on ASIC mining and switch to GPU based mining. When the fork happens, this will cause a chain split, and all bitcoin wallets that have bitcoin prior to the split have both bitcoin and bitcoin gold (not bitcoin cash) ♨️Social: http://boxmining.com Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining 🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/428b 💪Donations: Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz NEO: AHMMavFxwPA1jPB3HiF5Hq8JxeJ2soWvDW Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s 💱Software Wallet: Windows/Mac/linux: http://exodus.io
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Text Comments (326)
Sojourn Soul (1 month ago)
Is Bitcoin Gold still alive?
cheekyoziechick (2 months ago)
More forks than a restaurant.
Coin of Faith (2 months ago)
I'm holding out for Bitcoin arsh cheek.
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Doctor Heath (3 months ago)
excellent video bro. very clean clear and sophisticated. Thank You <3
Piotr Del Real (4 months ago)
I’m so freaking pissed right now, I was looking into bitcoin gold after the crash in January/February. I was contemplating buying some at $95 but I read about it and a lot of people were bashing it for being a fork off of bitcoin so I chose to not invest in it. I wake up the next day and Bitcoin Gold shoots up 55% percent and is number 1 for positive change in the last 24 hours on coinmarketcap. Wtf......
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iamspyderpie (4 months ago)
I am totally binge watching your AWESOME videos!!! Thank you!!! And because I'm binge watching them and not seeing them when you originally posted them, the time context is difficult. I was thinking how helpful it would be to have the post date in the corner on the screen when the video is playing to put the information in context, for example when you say "in the upcoming year". I wouldn't have to stop the video to go see when you posted it for a reference point. Love love love!!! Thank you for all of this!!!
Boxmining (4 months ago)
Thanks so much for watching!!! AHHH thats a cool idea! I'll see if i can learn to do this :D
Good guy (4 months ago)
Hodlll
Ken Aspinwall (5 months ago)
Bitcoin is in a very big stall and I can't explain it, which is why I Am stacking ETH, which is in a smooth upward climb. I even got out of LTC because they are down and sideways. Seems like LTC is reflecting BTC. I Am seriously researching B-Gold. This is my first stop. Read my blog at >>> http://ubfyou.blogspot.com/ <<< and join us in the Academy. We've got over 1,000 hours of ongoing research. We had smashing growth, until BTC stalled. I Am holding just one, out of LTC, into ETH and about 20 Alt coins. I Am pruning the portfolio to produce better results. Come on over and let's smash it together.
Dave Dawson (6 months ago)
I want to make a coin and call it Lolcoin or Trollcoin. Or maybe pwncoin, or naabcoin. Just because. Can anyone spare some change? 1LfDPwtDhtnZQoKdjRWYeh2WqRX5wGd1Yx
Richard Green (6 months ago)
any predictions for bitcoin gold?
michalsavatar7 (6 months ago)
I'm new to Crypto currencies. I'm looking at Netcoin, Bitbar, Trollcoin, Devocoin, Paycon, WARP, Bitboost, Bubble and Birds. These all look and sound like quite interesting cryptos, but I don't know what they are and what I can buy with them. Any guidance?
Jay Dee (7 months ago)
Bitcoin Core should do the same!
MrPluzkat (7 months ago)
Good video - I like how you speak all the way through the video and you don't edit every 5 words. Good job - subscribed.
godspeedsiva1208 (7 months ago)
Hi i am still a little confused.. so is bitcoin and bitcoin gold the same thing now ? or it' still different currency? Thanks
godspeedsiva1208 (7 months ago)
so when the fork happens , we can still choose to mine or buy bitcoins or bitcoin gold? Thanks
Boxmining (7 months ago)
its a different currency
Jorge Santos (7 months ago)
Join Ethconnect: https://ethconnect.net/ref/roamer
fuck jewmerica (7 months ago)
This shit makes bernie MADOFF look like an amateur. I feel sorry for my fellow 99% ERS, THIS is the final BLOW for the greatest transfer of wealth in HISTORY. PPL have no idea what's COMING SOON.
MisterBinx (7 months ago)
So people will just sell bitcoin gold so they can buy more bitcoin lol.
Seti G (7 months ago)
Always look8ng forward to these vids
Doodelay Explains (7 months ago)
I think I like btc gold better
malthus101 (7 months ago)
Exactly what time on the 25th does the fork happen? What time and in which time zone? A lot can happen in 24 hours...
Todd (7 months ago)
But you know these guys with huge mining farms also have 1000's of GPU? so whats the diffrence really?
wilson ngari (7 months ago)
https://www.youtube.com/watch?v=sFQztuOFXRo
mark Heynen (7 months ago)
I think Bitcoin Gold should of been an ICO. I don't believe you should get free coins, the ledger should be completely new sounds like FIAT money devaluing your currency
mark Heynen (7 months ago)
21 million coins now becomes 42 million and 63 with bitcoin cash, even though bitcoin is still the flagship crypto coin can't help but feel it's not as scarce as it once was, just my opinion on it anyway
Boxmining (7 months ago)
potentially. they need to stop forking bitcoin.
Kirsty's Astrology (7 months ago)
Thank you Michael
Todd (7 months ago)
Why not call it Bitcoin crash.? Wait n see
Foyva (7 months ago)
Ok, but why not Zcash? Faster block times, it's already using the Algorithm. Similar number of max coin output.
Boxmining (7 months ago)
exaclty :D
george rogers (8 months ago)
Well how do I get my bitcoin gold?
WOWCRITS (8 months ago)
It's all POLITICAL. It's advertise to be for the PEOPLE, but the REAL DEAL is that it's an SECRET AVENUE to SMUGGLE LARGE AMOUNT OF FIATs into CRYPTO. But what the HELL...Everyone is making MONEY...so NO ONE CARES!!! WIN/WIN!!!
Bradford Cohen, J.D. (8 months ago)
"Bitcoi Gowed" LMAO
Kanda Ahmad (8 months ago)
Hi.. May I know which (specific) wallet provider(s) support the Bitcoin Gold?Thanking you in advance.
Aether Mass (8 months ago)
I'm very disappointed that you are withholding your actual opinion of Bitcoin Gold. I don't believe that you think it is a potentially valuable fork. It is a scam. Plain and simple.
Serge Campeau (8 months ago)
What is the point of this new currency while so many already exist? What is the advantage over Ether, litecoin, etc? Getting money out of thin air does not make sense. Is it one of the reason for the present rise? Will the real bitcoin crash after the fork?
Gary Murphy (8 months ago)
I like the less centralized mining too. I think it will allow regular folks all over the world to mine the coin and begin increasing the circulation of Bitcon Gold and it might become much more successful than Bitcoin Coin Cash.
Ignatius Amaechi (8 months ago)
Which company is the best to deposit your btc so that you can benefits frm hard fork??
RAHUL KHATANA (8 months ago)
Please do any price predictions video for top coins
RAHUL KHATANA (8 months ago)
How will bitcoin gold be added on ledger nano s ?? Need any upgrade or something? ?
Hakatime (8 months ago)
Free market decides. Scam coins will fade. A few of the coins will stay based on the tech and dev capacity. Bitcoin gold is scammy. If you plan to sell after fork youll lose. Likely to open significantly lower then bitcoin cash (270) The long term markets will tolerate forks less and less after this one.
RKJCRYPTO (8 months ago)
Very good explanation. Thank you.
Shelley Fowler (8 months ago)
Dk Filchev: Yes, it WAS the fake China ban that took down Bitcoin and maybe Jamie Demon of JP Morgan had something to do with it too. I think I'll wait then til it retraces to the 4100 to 4400 range. If I can save $500 per BTC that's good in my books. Dang! I've gotta stay in touch with you! Are you doing videos?
Joshua Harmening (8 months ago)
Can anyone please confirm that this: https://www.claimbtcgpu.org is a legitimate place to claim btc gold? Cheers!
Sparky (8 months ago)
John Max Attacks It's fake. Be very careful with your private keys. Lots of scammers out there.
Wojtek Kowalski (8 months ago)
Accumulate some BTC people !
M Barakat (8 months ago)
Is it premined?
Melssz (8 months ago)
It makes no sense. Bitcoin is actually kinda usable and you have the spectrocard thingy.. For this bitcoin gold, there is literally no use besides people trading it and others hoping it goes up in value.. But does it add any value?
BitShark Crypto (8 months ago)
I believe Bitcoin Gold will not survive much and the value will be less than $100, as the majority of the hash power is in the Chinese hands, and they own Bitmain and may be 85% of the hash power worldwide
Pumba (8 months ago)
Why would an ASIC mining company try to bring in Equihash it doesnt make sense?
Tom Gobuzas (8 months ago)
One does not simply Free WIlly with your backdrop.
Altcoin crypto pumps (8 months ago)
Bitcoin gold will not get popularity.
Doug Geary (8 months ago)
I'm sticking to my LTC. I don't like where this is going.
Luyen Pham (8 months ago)
So if this happen, what wallet support bitcoin gold? And when we put our bitcoin into one wallet ?
John Guijt (8 months ago)
Splitting bitcoin is just pure fraud.
Alex Lucashewich (8 months ago)
People dont get the mechanics of the btc gold. Its not the new protocol on bitcoin blockchain like it was with btc cash. But its bitcoins protocol split itself. Split of bitcoins value. If bitcoin will be 4400 then they will get for exapmle 3300 in bitcoin and 1100 in btc gold. There is no extra gains like it was with cash. Btc gold will support only gpu mining vs btc now mostly on asic miners. People will have choose which one from them is real and based on that ones value will grow, while the other will go down
i grand (8 months ago)
How does a forked coin get its market cap when it free?
SPI CARS (8 months ago)
My 2 cents - the BTG fork is more of a fail safe to the up comming segwit fork ! Think about it, why would you have 2 forks 5 days apart? The big mining companies will still have the monopoly but it will be more decentralized. That being said it does give the rest of society the ability to mine the balance of the 4.5 million btc out the 21 million. The big question is the segwit fork , if that doesn't go well then bitcoin Gold could be the new coin that continues to hold Satoshi Nakamoto vision into the future !
XDCycle (8 months ago)
Can someone answer this... Is ETHash and Equihash basically the same algo? Can 1 mining rig mine both of these algos?
willd3rbeast (8 months ago)
If haven't redeemed my bitcoin cash yet, can i still redeem bitcoin gold? will i lose one of these forked currencies ?
Ishitonsony (8 months ago)
There will be another fork again and we will have about 5 different bitcoin.
Commander Harrison (8 months ago)
I am going to go make a website and make an announcement that I will fork BTC, and everyone will think what I say is true. I don't need to show proof, or give any other info. In fact! I will even remove the info which was previously there on my website. Are we in this space really this easy to convince?
Dan Hall (8 months ago)
I think that if they want to be successful, the Bitcoin GOLD team should hook up with a network of LBMA quality gold vaults around the world, do a soft fork, and say 1 Bitcoin Gold is = to 1 oz of GOLD.... Bitcoin Gold! Make a percentage of the mining profits go to pay the "storage fee account" so that the storage fees from the gold vaults are paid out of the "storage fee account". Similar to what DASH does to pay it's programmers and management team. That way that holders of Bitcoin Gold don't have to worry about a loss of value due to fees (That's the problem with Anthem Gold coin). Anthem Gold coin is a good Idea with horrible implementation. It's a shame since Anthem does run some awesome LBMA vaults. This would ensure (1)the immediate value and (2)desire for Bitcoin GOLD and probably push it to the top for preference in the Market over the original Bitcoin. Also they should limite the number of coins so that there is never more coins available thatn deliverable gold available in the vaults. Accoounting of this fact should be open and available on the Bitcoin GOLD blockchain. Lastly, MAKE SURE the LBMA Vaults with take Bitcoin GOLD in exchange for PHYSICAL GOLD and make the gold deliverable to anywhere in the world.
TechBiz Canada (8 months ago)
I like the idea of BTCG. I don't like the equihash decision. I think they should have gone with multiple algorithms to allow for many types of hardware to mine the coin. Hopefully equihash is just the first of many algorithms to be supported. Also, BTCG must turn its focus to privacy and security. Right now BTC suffers from slow transaction times, and large block chain (150GB atm). Unless addressed, these problems will only grow.
Abdullah Al Mamun (8 months ago)
sir ,, suppose i have some btc in my wallet(exchanges site) then ,can i get bitcoin gold freely ?my question is if i hold btc in my wallet then will i get bitcoin gold of same ammount of btc on 25th oct? and my btc will be same as was it ? please reply
Ebru A (8 months ago)
You will have bitcoin gold automatically but we don’t know how much that is going to be priced at
Estrategia Bitcoin Trading Criptomonedas Con Metatrader Multiplique su Capital Bittrex Poloniex https://www.youtube.com/watch?v=77ZVSZ1ZeMY
Bradley Miller (8 months ago)
Boxminer. You are great. I have so much respect for you. But the Bitconnect ads at the beginning of your channel are a turn off. You are advertising something that is so obviously a ponzu scheme or scam. Returns like that are not realistic. Please reconsider these ads, it’s bad for crypto.
Jason Voll (8 months ago)
Any word on what exchanges will support bitcoin gold and how long it will take them to do so?
Gaston de Liedekerke (8 months ago)
Thxs Boxmining I love your explanation !
Daniel Ricardo (8 months ago)
BUT STOP SHAKING YOUR HANDS!!! YOUR HANDS DOENS'T EXPLAIN WHAT YOU ARE TRYING TO SAY
Daniel Ricardo (8 months ago)
at least you are not looking down when you say Boxmining..
WaterClusterDotCom (8 months ago)
Which services / exchanges will support the Bitcoin Gold fork?????? (I already know Coinbase is)
David E.M.B. (8 months ago)
Bitcoin gold is premined, isnt it?
Paul Ainsley (8 months ago)
Jst look at volume I have a feeling a hard crash most coins volume are .
Paul Ainsley (8 months ago)
Box mining, bitcoin gold is the fork taking place on Nov? Witch means no more harsfork?
Alexander Jesse James (8 months ago)
I like your videos but your thumbnails make me want to punch you in the face so bad. Just stop making those mate.
Gary Tuttle (8 months ago)
+Boxmining Michael, I really appreciate your work. In particular, how you obviously strive to be an unbiased source of information for us all. It really helps a lot in this fast paced, contentious environment. Rock on witcho bad self, kind sir.
Harvey Williams (8 months ago)
Which exchanges will currently support the Bitcoin Gold hardfork?
1Alino (8 months ago)
look at the water level, the earth is flat
Snapaholic Beatz (3 months ago)
yup.
Abraham Wells (5 months ago)
lmfao
Nawal Ansari (7 months ago)
1Alino Bring out the tinfoil hats!!!
I M (8 months ago)
If you hold BTC in a trezor, where would you access the newly created BitcoinGold after the 25th?
Elliot (8 months ago)
You the man Michael!
Crypto Chan (8 months ago)
I bet everyone on the beach is like why is this guy talking to himself on camera. chee seen haha
Young woo Kim (8 months ago)
Keep forking hurts crytocurrency market in long term
soulmate (8 months ago)
Im starting to lose faith in Bitcoin. Too diluted.
soulmate (8 months ago)
Boxmining Are all these Bitcoin forks(Bch amd Bitcoin Gold) run on the same Bitcoin program. Would that slow down Bitcoin speed more.
Boxmining (8 months ago)
thing is bitcoin has been getting "diliuted" for a while. hence the whole alt coin market. Bitcoin itself is still the one true coin.
Nate Puno (8 months ago)
Are you outside or is that a greenscreen?
Nate Puno (8 months ago)
Thanks for the reply dude. That was killing me.
Boxmining (8 months ago)
I'm outside :D
Milos Vujkovic (8 months ago)
Will you be able to buy "regular" bitcoins after Oct 25th?
Milos Vujkovic (8 months ago)
I must be missing something here.. If there's a fork, there must be two new branches. One is Bitcoin Gold, I get that. But what's the other? Is there another at all, or this is just an upgrade?
Chung (8 months ago)
Milos Vujkovic regular bitcoins will be segwit2x
Wanderson Amorim (8 months ago)
https://www.auroramine.com/?ref=108740
Sagaeliten (8 months ago)
Hey man love your videos! Can you make a video about the ICO (Electroneum) would love to hear your thoughts!
Dan Rom (8 months ago)
I can't wait to sell it!
SNIPPER1 (8 months ago)
bitcoin got FORKED the second time
Manuel Fernandez (8 months ago)
Bitcoin is hard to predict and has a roller coaster history attached to the price. Mining has a lot of ups and downs too due to cost , price fluctuations and what not... Might as well bank on its volumes.... buy COSS coin, earn 50% revenue from dividends paid out from COSS exchange and profit from all the bitcoins and eth changing hands. Decentralized exchanges like COSS are the way to go. Why bother with hardware mining...?
Dom Santiago (8 months ago)
Hey Boxmining. Incredible how your Channel grew in the past weeks. You are getting more and more professional each time! :)
Boxmining (8 months ago)
Thanks so much Dom!
Unfamiliar s (8 months ago)
I’m reading comments but can’t find this question that everybody should be asking. has any exchange said they will support the split? Ie give like for like bitcoin to bitcoin gold??
Sokercat (8 months ago)
I like the idea of bitcoin gold.
Sokercat (8 months ago)
exacatly
Boxmining (8 months ago)
Which part of the idea? GPU mining?
Peter Mobius (8 months ago)
So BitcoinGold BTG (Oct 25th) and BItcoin Segwit2x (Nov) are two separate hard forks?
Logan T Nishioku (8 months ago)
The simple answer is... Move your money into IOTA. I can't believe IOTA isn't mentioned in these comments.
me2
Bane Pepe (8 months ago)
Bitcoin is a joke. The more it forks, the less market dominance it will have.
Brandon Hess (8 months ago)
So bitcoin is centralized then... who is in charge of determining hardforks? Seems not so decentralized
Grover Asylum (8 months ago)
you can do a contentious blockchain hard fork at home all on your own. doesn't mean anyone will adopt it. same with this, same with bcash
bitcoin bitcoin (8 months ago)
https://btchamp2.info/ref/09d474ff85/register
bitcoin bitcoin (8 months ago)
link letsmultiply.com/?m=negra para letsmultiply
Imperial Dramon (8 months ago)
If they Hardfork it and add more anonymity feature and i believe the price of bitcoin gold Will be sky Rocket and there is no reason to use other Altcoin like monero.
Alexander Murcia (8 months ago)
October 25*
robbycast (8 months ago)
I’m confused. If bitcoin has no centralized governance, how does it fork? Who’s able to control the split of BTC? And does that mean it’s controlled by an entity? It already forked once. Now a second time?
Boxmining (8 months ago)
Grover is correct! anyone can fork it, just that there is a question of whether people will accept the fork and give it value or not
Grover Asylum (8 months ago)
you could do a blockchain hardfork at home, all by yourself. this doesn't mean anyone will care or adopt it.

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