Last straw for Bittrex: Double-spending attack On May 18, Bitcoin Gold had reportedly experienced its largest hack to date. 13, Bitcoin Gold became mineable, as the team tweeted : For those who had doubts, BTG blockchain was born. How unexpected was this announcement coming from the exchange, and what are the chances for BTG now that it has found itself in the midst of yet another scandal? If the day ever comes when Equihash asics begin to proliferate and mining begins to centralize again, Bitcoin Gold will have another hard fork to implement a new PoW algorithm. By mid-2017, allegedly 70 percent of BTC mining was performed by Application Specific Integrated Circuits (asics).e., specialized hardware designed solely for mining purposes. The hijackers managed to amass more than 18 million in BTG from various exchanges, including Bittrex. Didn't think it would go down this way. The ICO price was supposedly 1 BTC 10 BTG. #1CPU1vote A massive attack was made in an apparent effort to disrupt the mainnet launch, but the Bitcoin Gold team managed to get the network up and running albeit a little later than planned, BTG developers added in an official release post following the launch.
If you had Bitcoin on Kraken during the Bitcoin Gold fork do you
Bitcoincash date, both of which have ended up confusing me thus I've decided to do more research on the matter. Given the dysfunctional current reality of the Bitcoin mining sector, as the BTGs roadmap reads, Liao and his team wanted to create a digital currency that wouldnt require expensive, state-of-the-art hardware for mining. The website eventually went online, but the communitys backlash was evident at that point: The DDoS attack coincided with a number of angry posts regarding BTG flaws, where community members pointed out that around 100,000 of BTG coins were allegedly. Looks like they tried running several ICOs from the looks of their domain lists. In response, the Bitcoin Gold development team issued a statement, in which it argued that, eventually, Bittrex mitigated their ultimatum: Bittrex informed us that they make this decision because the BTG team would not take responsibility for our chain, and that. While it is yet unclear if other exchanges will follow Bittrex in delisting BTG, at press time, Bitcoin Golds market share amounts to 368 million, and the coin is trading at around.39, ranking 30th by market cap, according to CoinMarketCap data. Nevertheless, BTG was off to a rocky start. The link to the wallet was from THE official BTG website. Org, bTG is, without a doubt, a complete scam. The project was first announced in July 2017 on Bitcointalk. This is what will be required to make fair mining accessible to the general public once again, Robert Khune, a strategist at the Bitcoin Gold project, told.
However in the past they decided they'll fork during the. 1.3k, online /r/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Press question mark to learn the rest of the keyboard shortcuts. As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. Edit 3: Looks like I wasn't the only one who got scammed. No covert advertising (shilling). However, this issue was resolved by Nov. No private transaction offers. The fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. In 2017, its performance was much more impressive, with BTCs price plunging after the emergence of BTG, which ranked 5th in terms of total market cap by the end of the year). Edit 4: So this is how the scam worked. The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. Following the hack, the Bitcoin Gold team explained that the attackers were deploying a combination of a 51-percent and double-spend attack in order to defraud crypto exchanges.
Here is why Bitcoingold is shady and a scam you should dump
Edit: I am usually very vigilant and careful with my transactions, saved a few of my colleagues and friends from "Google Ads ICO scams". A successful fork will prove that Bitcoin always has the ability to escape from any potential abusive mining hardware manufacturers. This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over. Create post, bitcoinMarkets Slack, casual conversation - Minimal moderation r/BitcoinMarkets Rules. Press J to jump to the feed. No commits merged to main public repo in last 21 days. Without the difficulty fix alone, this coin will crater rapidly. Org, when Jack Liao, CEO of LightingAsic and BitExchange, revealed that he was looking for a way to change Bitcoins proof-of-work (PoW) algorithm from the SHA256 algorithm to Equihash. Discussion should relate to bitcoin trading. An archived version of the website confirms this. By the time the exchanges realized that the transaction was fake, the hackers had already withdrawn funds from exchanges and multiplied their original funds. Normally, ahead of a major hard fork, crypto exchanges make an announcement explaining whether their customers would kraken bitcoin gold reddit be reimbursed with the new coins or not.
Never thought it would ever happen. Bitcoin Derivatives Options, bitcoin Market Data. 24 2017, at a block height 491,407. The domains look super damn scammy by the way, you can check them out yourself here: g, and for the actual list if you don't wanna see a picture, here: m, i got the email from: m/whois/btcgpu. All this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get kraken bitcoin gold reddit it and never, ever buy BTG.
Move Your Bitshares (BTS Bitcoin Gold (BTG and Bitcoin Private
Also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains. Furthermore, in late 2017, the BTG website was compromised for an unspecified amount of time, as it promoted a link to a fake BTG wallet, encouraging users to upload their old private keys to claim their free BTG tokens. No change of difficulty algorithm implemented (they will compete with other GPU-mined coin kraken bitcoin gold reddit for hashpower). Sigh, I think I am gonna take a break from Crypto for a while. Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support. Since they are holding that information away from us and hiding it, this makes me believe that, bitcoingold is infact a scam and an attempt to milk the Crypto community out of their money, please don't fall into this. Interestingly, another major United States-based crypto exchange Bittrex announced a couple of days prior to the fork that it was supporting BTG however, it also warned its customers about a number of potential shortcomings associated with the new currency. Thus, the fraudsters were making large BTG deposits on exchanges and, at the same time, sending the same funds to their own crypto wallet. Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. Straight after launching on Oct. A few hours later, Bitcoin Gold tweeted that the attack had been "handled but that "it will take a bit more time" for the site to be operating normally.
Here is what I've found. No blog spam. According to the BTG teams tweet sent out on that day, their cloud site was experiencing around 10 million requests per minute, which was blocking out legitimate traffic. Exchange representatives must get verified, important events. However, with that, BTG developers acknowledged the risks represented by their own blockchain and have already announced a hard fork kraken bitcoin gold reddit upgrade plan.