The long-awaited Bitcoin Gold network finally went live earlier this week. According to the developing team’s Slack channel and blog, the network went live at exactly 4 pm EDT on November 12th. While the network already has a full node client, public mining only commenced once private miners reached a block height of 499,407.
The Bitcoin Gold (BTG) cryptocurrency has been slowly seeping into the crypto community and the launch of BTG’s mainnet has left several users confused or downright angry. Following the network’s rocky launch, the team has continued to move forward and has currently made a full node client available as well as a new website.
BTG’s blockchain explorer confirms that currently there are a total of 124 active BTG nodes. In addition, the explorer states that BTG chain currently stands at 499,792, which indicates that the cryptocurrency has been publicly available for mining for several hours. In addition, BTG’s current hashrate stands at 104.0542 equihash solutions per second (MSol/s). This number, however, has been rising as developers have been mining the currency themselves.
However, the network’s launch was particularly bumpy as several reports have been circulating which suggested a chain-splitting. A Suprnova mining pool confirmed that the BTG is currently experiencing chain-splitting, which also affected the Suprnova chain. The team continued to warn users against investing in BTG until such time that the BTG has released a statement explaining the latest events.
The BTG website front page allows a user to verify their Bitcoin amount and address before the block height 4,914,017 was reached. In addition, there is a small introduction of the team’s lead members. The front page features Jack Liao, a Chinese miner and GPU producer; a developer known only by his online pseudonym, h4x3rotab; the US-based Robert Kuhne, who acts as the team’s strategist; the team’s Spanish organizer, Alejandro Regojo; the Bulgarian advisor and core developer, Martin Kuvandzhiev; and lastly Franco Niebles, the team’s web designer.
According to the BTG team, there are currently 16 mining pools affiliated with the cryptocurrency. While several mentioned pools are reputable ones, such as Minergate and Suprnova, most of the other pools mentioned has raised several suspicions in the crypto community. Currently, the BTG boasts five cryptocurrency wallet providers who support the currency, as well as 18 different exchanges who listed BTG on their exchanges. Some of these exchanges include Hitbtc, Bitfinex, Bitflyer, Coinnest, and Cex.io.
According to Coinmarketcap.com, BTG already boasted a $68 million USD volume in the last 24 hours. BTG is currently trading at between $250 and $275 since markets have dropped with an average of $36. In addition, Coingecko confirmed that BTG traded at an average of $268 despite the very limited supply of 58,000 coins being in circulation.
Considering the latest concerns regarding chain-splitting, it would seem that BTG roused more skepticism than enthusiasm following the network's launch. The BTG Slack channel is filled with critics who either troll, fight, or point out the team’s perceived weaknesses. So far, the community’s largest concern seems to be that the BTG team implemented a pre-mine script and have mined their portion prior to launch. Upon the team’s mainnet announcement, several users expressed their disdain for having to wait for bock height 499,407.
The Bitcoin Gold (BTG) cryptocurrency has been slowly seeping into the crypto community and the launch of BTG’s mainnet has left several users confused or downright angry. Following the network’s rocky launch, the team has continued to move forward and has currently made a full node client available as well as a new website.
BTG’s blockchain explorer confirms that currently there are a total of 124 active BTG nodes. In addition, the explorer states that BTG chain currently stands at 499,792, which indicates that the cryptocurrency has been publicly available for mining for several hours. In addition, BTG’s current hashrate stands at 104.0542 equihash solutions per second (MSol/s). This number, however, has been rising as developers have been mining the currency themselves.
However, the network’s launch was particularly bumpy as several reports have been circulating which suggested a chain-splitting. A Suprnova mining pool confirmed that the BTG is currently experiencing chain-splitting, which also affected the Suprnova chain. The team continued to warn users against investing in BTG until such time that the BTG has released a statement explaining the latest events.
The BTG website front page allows a user to verify their Bitcoin amount and address before the block height 4,914,017 was reached. In addition, there is a small introduction of the team’s lead members. The front page features Jack Liao, a Chinese miner and GPU producer; a developer known only by his online pseudonym, h4x3rotab; the US-based Robert Kuhne, who acts as the team’s strategist; the team’s Spanish organizer, Alejandro Regojo; the Bulgarian advisor and core developer, Martin Kuvandzhiev; and lastly Franco Niebles, the team’s web designer.
According to the BTG team, there are currently 16 mining pools affiliated with the cryptocurrency. While several mentioned pools are reputable ones, such as Minergate and Suprnova, most of the other pools mentioned has raised several suspicions in the crypto community. Currently, the BTG boasts five cryptocurrency wallet providers who support the currency, as well as 18 different exchanges who listed BTG on their exchanges. Some of these exchanges include Hitbtc, Bitfinex, Bitflyer, Coinnest, and Cex.io.
According to Coinmarketcap.com, BTG already boasted a $68 million USD volume in the last 24 hours. BTG is currently trading at between $250 and $275 since markets have dropped with an average of $36. In addition, Coingecko confirmed that BTG traded at an average of $268 despite the very limited supply of 58,000 coins being in circulation.
Considering the latest concerns regarding chain-splitting, it would seem that BTG roused more skepticism than enthusiasm following the network's launch. The BTG Slack channel is filled with critics who either troll, fight, or point out the team’s perceived weaknesses. So far, the community’s largest concern seems to be that the BTG team implemented a pre-mine script and have mined their portion prior to launch. Upon the team’s mainnet announcement, several users expressed their disdain for having to wait for bock height 499,407.