Bitcoin Gold is new cryptocurrency that came into the existence in October 2017. So the miners want to know How To Mine Bitcoin Gold?
It uses the proof of work algorithm Equihash which is same as the Z-cash. This gives anyone a chance to join the mining industry.
There are some instruments that are required to start the bitcoin mining:
- Window 7 or newer 64-bit OS.
- Newest driver updates for GPUs
- If Nvidia GPU mining, then use GPU with compute capability
- Microsoft Visual C++ Redistributable 2013
- Internet Connection
- Bitcoin Gold Wallet
If you have these tools then you can start mining anytime you are interested.
How To Mine Bitcoin Gold?
For miners who want to mine bitcoin gold, the procedure is similar to the Z-cash. The only difference between them is the profitability, future of the coin. So here are some of the methods which can be used for mining bitcoin gold are:
Pool Mining and Solo Mining
Mining can be done alone or in a group depending upon your interest. In solo mining, you have to mine all by yourself but in pool mining, you will be working alongside the other miners to mine the block.
Pool mining can be easier for you as it will divide your hash rate for a block among your pool. This type of very help for the people who are using the cash rate on the rankle bases. As they might not have enough hash rate to solve the block algorithms.
For all this, you will need all the different instruments depending upon your budget, the instrument you already possess.
Things you will need for the mining are
- Processor with standard Intel Celeron.
- Motherboard having multiple PCI slots
- RAM having 4GB
- Storage device
- Power supply
Some of the graphics cards which can be used are – GTX 1050 Ti, GTX 970, GTX 1060, GTX 1070, GTX 1080 Ti. Any of them can be used depending on your requirement.
For mining software has equal importance as the hardware. The software helps you connect with the network or pool as well as help you begin hashing. It helps you asses all the data in a suitable way which will be helpful for you. Here is the list of some of the common software which can be used by you:
- EWBF Miner is compatible with the NVidia graphics cards on Linux and Windows.
- Claymore’s AMD Miner is compatible with AMD cards on Windows.
- The optimizer is compatible with AMD cards on the Linux.
When you start mining you will require a safe place to store the bitcoin gold. This one of the most important reason to have a proper bitcoin wallet. Some of the wallets which can use are:
- Guarda Wallet
- Free wallet
From this article, you have learned How To Mine Bitcoin Gold? All you have to do is be vigilant and mine for the cryptocurrency which has a better future.