Want to Understand the Bitcoin Gold Snapshot Date? Join the Club
Bittrex.com says the date is the 24th at 3am Eastern. Coinbase says the snapshot date already passed. The official Bitcoin Gold website says “the 25th” with no specific time.
UPDATE: The best current insight we have is that block 491,407 matters and the dates don’t. This means one should put what Bittrex and Coinbase say aside if they want to take a shot on Bitcoin Gold and be in BTC for block 491,407 (as the block is fast approaching). See the best answer we have here.
[Insert face-palm emoji.]
Consider, Bittrex.com says this:
“If you have a Bitcoin (BTC) balance on Bittrex during the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC), you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) on a 1:1 basis….
….Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold network will launch publicly at a later undetermined date and time (the only guidance is the statement “after the launch on Nov 1″).”
Meanwhile Coinbase says 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 same 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.”
Elsewhere on our site we suggested you could hold BTC from the 24th to the 26th as a safe harbor. However, one should be cautious given all the conflicting reports.
The experience of trying to ensure our site is offering you the best information here in the final hour can be expressed in the well known internet phrase “lol.”
Read what we have to say about the uncertainty surrounding the Bitcoin Gold fork here.
FACT: The current block here on Oct. 22nd at 1pm EST is 491,172. If it is block 491,407, then its projected to happen around 3am on the 24th like Bittrex says. See BlockExplorer.Com for current block.