The Bitcoin Gold Fork; Shrouded at Confusion…. Listed below are the FAQ

Bitcoin Gold “hard fork” means “free coins” for winners of Bitcoin, however it’s uncertain if the photo date is Oct. 25, block 491,407, or some thing different. [1][2][3]

Meanwhile the state site to Bitcoin Gold, Bittrex.com, and also Coinbase.com have implied different photo dates (essentially; they agree to block 491,407… however, maybe not other particulars ).

Since they agree with such a block, it simply makes sense to be in BTC (at a pocket or swap which affirms that the fork) at obstruct 491,407 (which happened early day Oct. 2-3 EST).

UPDATE: See Bitcoin Gold formally established, watch probably the absolute most latest upgrade and discover out just how to maintain your Bitcoin Gold. These pages explains being set to your photo date. In the event that you’re, then understand the connection for how to maintain your Gold.

How To Get Bitcoin Gold

If you’re in Bitcoin in if Block 491,407 happened (at a Bitcoin pocket or swap which affirms that the fork), you have Bitcoin Gold.

The Bottomline on becoming BitCoin Gold; maintain Bitcoin at a pocket or swap which affirms the fork in Block 491,407 (subsequently wait):The easiest safe haven is always to assume that which the state Bitcoin Gold site claims is correct and be certain to hold Bitcoin in block491,407 (or to be extra-safe Oct 23rd to Oct 26th). It’s possible to see the existing block . Block 491,407 will occur sometime mid day / early day EST on the 23rd despite every other accounts. It’s uncertain if that will eventually bring about in BTC users becoming Bitcoin Gold, however people that to select the chance needs to possess Bitcoin in proper storage if that obstruct does occur (as logically which is more essential compared to dates… even though with this said, things are unclear therefore we are able to ‘t offer a 100% certain answer to any of this). Read about how it all went down with Bitcoin Cash to obtain a sense of how this might go down. See alsoTREZOR Statement on Bitcoin Gold Fork(it notably warns about the lack of replay security ).

“The Bitcoin Gold (BTG) initial coin distribution method is exactly the similarly as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys on October 25 (obstruct 491 407) will receive Bitcoin Gold at the pace of 1 BTC = 1 BTG (If you’ve got 20 BTC you may receive 20 BTG). You want to restrain BTC private keys to be able to produce Bitcoin Gold trades. “

— Official Bitcoin Gold Site (Ignore the date; it may be an important date for the Gold project, but it is confusing as Block 491,407 occurred on the 23rd)

TIP:After block 491,407 you can spend or move out your Bitcoins. A snapshot was taken at block 491,407. It was only in that moment that Bitcoin and Bitcoin Gold were directly connected. Moving forward, Bitcoin and Bitcoin Gold should be considered completely different coins.

How to Claim / Collect Bitcoin Gold Tokens Assuming You Were in Bitcoin During the Fork

From there, the next thing we all want to know is, “how do we obtain the true BitcoinGold tokens presuming we were at ownership of our keys at the branch, were at a pocket which encouraged the branch, or even onto a market which encouraged that the branch? “

Assuming you were in a wallet/exchange that supported the fork during the fork at block 491,407, here is what you do to obtain your Bitcoin Gold tokens: For now, one should follow the advice on the official Bitcoin Gold site (but should do so with caution; see update beneath for insight into how and when to collect your Bitcoin Gold). Watch out for fake instructions and fake wallets (see examples of fishy instructions for claiming Bitcoin Gold tokens via fishy wallets). You can lose your Bitcoin if you make the defame moves here. Once the official site gives instructions, we will verify and post them. See the official BitcoinGold site. See also our article:Don’t Get Scammed: Hodl Your Bitcoin Gold.

“Any secure Bitcoin wallet that gives the user exclusive control of the cryptographic private keys is a suitable location to store your coins prior to the October 25 fork. Some wallets may offer you direct access to your BTG, while others may require you to take additional technical steps. Verified wallets that support BTC and BTG side-by-side will be listed on the Bitcoin Gold home page. We will publish guides for retrieving BTG from the most popular wallets, including Bitcoin Core, Electrum, Mycelium, hardware wallets, paper wallets, and more. “

— Official Bitcoin Gold Site (Again, ignore the date for the reasons mentioned previously )

UPDATE: The official site is beginning to list pockets which may be utilised to maintain Bitcoin Gold. It is possible to follow the directions in those links. Nevertheless, generally speaking you won’t be able to access your Bitcoin Gold until after November 1st. For an example of a legit way to collect Bitcoin Gold see:Collecting your free Bitcoin Gold ($BTG) coins withCoinomi from Medium.com.

TIP: You already have your Gold if you were in a wallet/exchange that supported the fork during the fork at block 491,407 (i.e. if you held your private keys or if you were on a platform that supported the fork). That is, you have the private keys associated with your Bitcoin Gold it even if you don’t possess Bitcoin Gold tokens within an Bitcoin Gold wallet.

TIP: Word on the street (that is often verified via GitHub codesee after link) is that Bitcoin Gold was premined. Consider what Bittrex states, “Bitcoin Gold codebase also contains aprivate premine of 8,000 blocks(100,000 BTG). Please be aware that if a marketplace does open there is a possibility of the developers selling their premined BTG on the open marketplace. “

Notes From Before the Bitcoin Gold Fork

Everything beneath is notes out of ahead of the Bitcoin Gold fork.

This page was upgraded to reflect that which all of us have to understand now and dancing. Meanwhile, the old insights have stayed released beneath.

Thus, the outcome is a number of the advice beneath is gleaned out of before the fork. Essentially all you want to understand continue is covered above. But feel free to continue searching for more in sight (it may possibly like allow you to understand what to expect for that next branch ).

TIP: One may consider holding BTC after block 491,407 because of safe haven (specially if held in a market where they might conceive their particular photo; as an instance, on Bittrex I’d hold at the precise time they state in their media release noticed beneath and also at the state obstruct 491,407). Furthermore, if most of the notes aren’t a big enough hint: You should be cautious, read what each source has to say (Coinbase, Bittrex, Trezor) and make your own call as to what your move is for the fork. Good luck!

NOTES: This page has been updated to reflect what we have learned as more information has been released.

NOTES: Some sites had listed block 478,558 is being associated with Bitcoin Gold… BUT that block is associated with Bitcoin Cash. Thus, this was likely incorrect information and that block can likely be ignored. That helps clarify things, but it still leaves unanswered questions. The current block here on Oct. 22nd at 1pm EST is 491,172. If the snapshot for Bitcoin Gold is block 491,407, then you should use blockexplorer to keep track of the block we are at and make sure you hold BTC at the proper block [originally said “afterward its estimated to happen around 3am on the 24th such as Bittrex says”](the info from Bittrex was likely incorrect as a general statement; block 491,172 is fast approaching here on the 23rd). See BlockExplorer.Com for current block.

IMPORTANT UPDATE: Coinbase has come out and announced the Bitcoin Gold fork has already taken place!This obviously conflicts with the message on the Gold site and Bittrex. If what Coinbase says is true, it means that the Oct 25th date stated on the official Bitcoin Gold site is misleading (although no one seems to know what is the case for sure). This means that the theorizing we do beneath should be considered only after you consider what Coinbase says (as if Coinbase is right, the “catch ” date has already passed and that date is actually unknown to the public). This does not bode well for Bitcoin Gold if Coinbase is right and the Bitcoin Gold site is not being forthcoming about this. Please read Coinbase’s take here:Bitcoin Gold FAQ.

Consider, Bittrex.com says this:

“If You’ve Got a Bitcoin (BTC) equilibrium on Bittrex throughout the BTG photo block 491,407 happening relatively on October 2-4, 3am PT (10am UTC), then You’ll Be also credited exactly the equal Number of Bitcoin Gold (BTG) to a 1:1 basis…

….Bitcoin Gold plans to execute wallet balance picture at Bitcoin cube 491,407 however, the true Bitcoin Gold system will establish publicly in a later period date and period (the only real guidance is that the announcement “after the launch on Nov 1). “

Meanwhile Coinbase Claims this:

“The fork has already privately occurred at a point known only to the Bitcoin Gold development team. The Bitcoin Gold blockchain will be made publicly available when the Bitcoin blockchain reaches block number 491,407, which is currently estimated to occur on October 25, 2017. “

Meanwhile the Official Bitcoin Gold Site says:

“The Bitcoin Gold (BTG) initial coin distribution method is exactly the similarly as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys on the October 25 (block 491 407) will receive Bitcoin Gold on the rate of 1 BTC = 1 BTC (If you have 20 BTC you will receive 20 BTG). You need to control BTC private keys in order to make Bitcoin Gold transactions. “

Why Aren’t Things More Clear on Bitcoin Gold?

With the above in mind, if we seem shaded out, that is partly because, as Bittrex says:

Bitcoin Gold does not currently have:

  • Fully formed consensus code
  • Implemented replay security
  • Adequate code for testing and auditing
  • Publicly known code developers

Bitcoin Gold was announced about a month ago and is shrouded in mystery. The whole thing is a little fishy… but like, no one wants to miss out on free coins, so there are many who want a clear answer. Unfortunately, the only answer might be to hold Bitcoin from the 24th to 26th and develop your chances of getting the snapshot date right.

TIP: The above is what we know now. Below is the original article before the Coinbase and Bittrex announcements.

The Original Article Before I Saw the Coinbase and Bittrex Announcements

  • If it is October 25th, then if you have BTC on that date you obtain 1 free Bitcoin Gold for every Bitcoin you have then.
  • Meanwhile, if the date has passed… then there is nothing one can do now. That is, if Coinbase is right, the deed is done.
  • Meanwhile, if it is block491,407, then the date should be around 3am on the 24th.

Consider what the official FAQ on the Bitcoin Gold Site(which you should read for yourself) says:

“Bitcoin Gold is actually a branch of this Bitcoin block-chain that’ll occur on October 25, 2017. At the block elevation, Bitcoin Gold miners will start creating cubes using a brand new proof-of-work algorithm, also this may give rise to a bifurcation of this Bitcoin block-chain. The initial Bitcoin block-chain will go on unaltered, however a fresh branch of this block-chain will breach away by the original series. The department is an different block-chain with precisely the similarly deal history as Bitcoin until the fork, however diverges out of this. As a consequence of this course of action, a brand new Cryptocurrency is going to undoubtedly be born. “

The above implies that the block number, not the date is what is important. However, elsewhere in the FAQ it implies that Oct 25th is the key date. For example, the section on “What pocket should I maintain my BTC into be sure I obtain my own spare BTG? ” says:

“Any secure Bitcoin wallet that gives the user exclusive control of the cryptographic private keys is a suitable location to store your coins prior to the October 25 fork. Some wallets may offer you direct access to your BTG, while others may require you to take additional technical steps. Verified wallets that support BTC and BTG side-by-side will be listed on the Bitcoin Gold home page. We will publish guides for retrieving BTG from the most popular wallets, including Bitcoin Core, Electrum, Mycelium, hardware wallets, paper wallets, and more. “

Then, the site specifically says (as noted above):

“The Bitcoin Gold (BTG) initial coin distribution method is exactly the similarly as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys on the October 25 (block 491 407) will receive Bitcoin Gold on the rate of 1 BTC = 1 BTC (If you have 20 BTC you will receive 20 BTG). You need to control BTC private keys in order to make Bitcoin Gold transactions. “

Given the FAQ, we can assume that Oct 25th is the magic date, and that the block number is less important… but there is assuming going on there and that isn’t exactly the similarly as fact.

In reality the longer I contemplate this, the longer I guess that obstruct 491,407 might be the main element and the Bitcoin Gold site could very well be just wrongly imagining on which date which obstruct will probably occur.

The gap makes all of the difference.

Further, there’s still an opportunity that Bitcoin Gold isn’t real, or that it is real but will end up having no real value.

All the unknowns kind of make Bitcoin Gold’s hard fork a source of confusion (well that and the fact that the site went live less than a month ago).

We can’t provide you with answers to questions nobody knows the response this…. We can nevertheless offer you a safe haven.

The easiest safe haven is to be certain to maintain block491, 407. Don’t worry about dates, don’t be worried about what other people says. Only maintain a pocket which affirms Bitcoin Gold in block491 407.

That is, an individual could like to put up Bitcoin at a pocket which affirms the fork (therefore the complete node or a exchange/broker that affirms Gold) at the obstruct number. Or, should be safer, by the 23rd to the 26th of October… however remember that everything can happen.

For all we know, Oct. 25th might possibly be the day of a blood bath (hard wreck )… or just like obstruct 491,408 might possibly be. So, call a low which you’re prepared to obtain outside and get prepared to sell your coins off and also reduce your Bitcoin Gold (putting stops won’t cut it generally speaking, because you need your coins in a wallet you own to take convenience of the fork).

Taking a big hit on Bitcoin for the prospect of Bitcoin Gold isn’t something everybody else would like to complete. The option is yoursbut urge ‘t chase the Gold to the degree that you end up taking an uncomfortable position in Bitcoin. It wouldn’t’ve been worthwhile every penny using Bitcoin Cash (though it had been Bitcoin choose to go during the Cash day and remained down)it likely won’t be worth it with Gold (in the worst of cases).

That said, to be clear, the crypto marketplace did rather well during the Bitcoin Cash fork, so it could be the case again.

TIP: Learn more about Bitcoin Gold from the official site.

Bitcoin Gold Fork Means”Free Coins”… But How Exactly to Get them Would Be Unclear