"Bitcoin Gold" (BTG) Hard-Fork Contingency Plan

General Information: 

Once again, we’re looking ahead at an upcoming Bitcoin hard-fork and a resulting split of the network. If you haven’t read former contingency plans, we suggest you take a look at our BIP148 contingency plan here, and at our UAHF/Bitcoin Cash contingency plan here, in order to get a better understanding how Crypto-Games handled these splits in the past and what you can expect from this upcoming split. Besides the Bitcoin/Bitcoin Cash split, we have previously managed investors funds during the ETH/ETC split. As a service, this will be the third time we distribute coins resulting from a chain split to our users.



Bitcoin Gold (initially announced as BitcoinGPU / BtcGPU back in August, commonly referred to as BTG) plans to split off the Bitcoin network with block 491407, which is expected to be mined on October 24th (02 UTC, possibly earlier or later, due to variance in block times). Key change of the fork is the switch of the mining algorithm from Bitcoin’s current SHA256D to Equihash (an algorithm currently also used by ZCash / ZEC and a few other projects), with the goal of replacing SHA256D ASIC mining equipment with GPU “home mining”, an attempt to increase decentralization in mining and to “give ordinary users a chance to mine”. Besides the new mining algorithm, BTG will also change the address format, to ensure replay protection and to avoid confusion between transactions on the BTC legacy chain and the new BTG chain. A full overview of changes, participating team members, confirmed supporting services, and more can be found on the official website for BTG: https://btcgpu.org/

 

Preparations taken by Crypto-Games: 

We will disable Bitcoin deposits and withdrawals in the early morning hours of October 25th, once we’re getting closer to the forking block. Afterwards, a full snapshot of user balances will be created (including both active game balance and their investments at the time of the snapshot). All users who have a total balance of over 0.01 BTC at the time of the snapshot (either as active game balance, as bankroll investment, or as a combination of both) will be eligible to claim their BTG. Crypto-Games will only allow withdrawals of BTG; we do not plan to support the new chain in any other way, meaning that you will not be able to deposit BTG, and you will not be able to bet with the BTG you are eligible to due to holding BTC on Crypto-Games during the split.

 

October 25th: 

Unlike last time, the fork is expected to go smoothly on October 25th. There’s no disruption of the Bitcoin network (legacy chain) expected this time, as similar events to what BIP148 could have caused on August 1st don’t exist this time. Once the fork has taken place, and we have verified that there has been no disruption on the BTC chain, transactions will quickly resume. This is probably going to happen on the same day as the split. Should there be any unexpected changes or disruptions, we will do our best to keep everyone informed about those. Please monitor our chat, as well as the news ribbon on the site during that day, to make sure you don’t miss anything.

 

After the BTG fork:

A short time after the fork, we will publish a site update including an interface where users can set their BTG addresses they want to use to claim their coins. The time limit for this claim will be exactly 3 weeks after the fork, meaning that all users have to set their BTG addresses before November 15th. Afterwards, no further addresses will be accepted and outstanding distributions will be lost due to the user failing to meet the deadline. This deadline is final, so please make sure you’ve set your address prior to this date. An in-detail explanation of the claiming process with further information about the BTG distribution will be published on our blog shortly after the fork, once the update has been published. Due to the complexity of the distribution and the huge amount of users to consider, it may take few days for the BTG distribution to start.

update November 11th: We are still waiting for the BTG team to release a stable wallet and a public blockchain. Withdrawals will be delayed until then. Users will have 3 weeks to set their BTG walled address, after we publish a site update including an interface where users can set their BTG addresses.

Further questions?

If you’ve got further questions regarding either the general situation around the Bitcoin network considering this chain-split, or the specific handling of the split by Crypto-Games, feel free to get in touch with us. You can either do this in our chat (look out for our moderating staff, they are briefed on the situation and should be able to give you answers), in our bitcointalk thread (which can be found here) or directly via mail to support@crypto-games.net, where we will assist you to the best of our abilities.