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What mining pool does Bitcoin Gold mine in (Is Bitcoin Gold a scam)?

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What mining pool does Bitcoin Gold mine in? Editor\’s note: This article comes fr

What mining pool does Bitcoin Gold mine in (Is Bitcoin Gold a scam)?

What mining pool does Bitcoin Gold mine in? Editor’s note: This article comes from William’s Commentary (ID: William1913), author: Chen William, authorized reprint by Odaily Planet Daily.

What is the Bitcoin Gold mining pool?

According to official introduction, mining is the process of extracting Bitcoin. In general, some simple calculations are performed before considering specific circumstances to operate the computing power. In this way, it is a decentralized mining platform, similar to traditional cloud mining or ordinary computers. However, now Bitcoin network does not support the POS consensus mechanism and POW algorithm, which makes mainstream digital currencies on the market unable to participate in mining. But the maintenance capability of this platform is very strong.

In many countries in China, they hold a relatively cautious attitude towards the cryptocurrency industry, so choosing this method is also a relatively conservative attitude. But for the group of Chinese miners, what they are more concerned about is what currency to mine. For example, we know that there are two mining pools called Antpool and ViaBTC, because both of them are mining pools developed by foreign companies, so it is difficult for these two mixed situations to occur.

Starting from June this year, besides Bitfinex, several other well-known exchanges have also launched Ant Financial and Ma Mi mining machine manufacturers, such as OKEx, which are also building mining sites. Of course, these service providers still need to consider the needs of users.

This point is very interesting, just like what we discussed before, “How to mine Bitcoin Gold?” After all, there is already a trend of large institutions entering the mining pool, and they are also constantly increasing their investment. If someone invests most of the funds in the mining industry, there must be a certain profit margin.

So why does this problem occur? The reason is simple, because as more and more large customers enter, the cost of mining machines will also increase. For example, the recent hot new project – Asproex, it provides a high-frequency trading platform. This platform can link the price of Bitcoin with the price on its chain, allowing both buyers and sellers to make trading decisions. In other words, as long as investors want to buy spot goods, they can earn profits, and they can also directly use fiat currency or Bitcoin equivalents to buy and sell, thereby reducing the price risk of Bitcoin.

Another point worth noting is that this platform has also launched a new service product: Swap. The system mainly solves the liquidity problem of a large number of users on Ethereum, making transaction fees extremely inefficient.

Is Bitcoin Gold a scam?

Cryptocurrency analyst WillyWoo tweeted: “Bitcoin Gold is a scam, and you must buy a mining pool before buying Bitcoin. If you want to know more information, please click the link.” He also stated that Bitcoin Gold investors should be aware that from an investment perspective, they may not get a return – that is unrelated to its reputation and price; on the contrary, they need to provide more information about the product to customers.

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