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README.md

btg-transparent

This web site tracks the live balance of the BTG Endowment. Live balances, per wallet, are pulled using the Insight API at https://explorer.bitcoingold.org/insight/. The Live Unspent Total may take a moment to load as all wallet balances must be pulled, first.

Background

Bitcoin Gold (codename BTCGPU) began as a fork of Bitcoin after block height 491406 on Tue, 24 Oct 2017 01:17:35 GMT and began being mined as a separate chain at block height 491407 on Sun, 12 Nov 2017 13:34:01 GMT. The mining rewards from the first 8000 new blocks, 100,000 BTG total, were collected into a set of wallet addresses to form a fund to support the ongoing costs of the Bitcoin Gold project. These 100,000 coins, sometimes called a "premine," made up the BTG Endowment. All mining rewards after these first 8000 blocks accrue solely to the miners; no portion is diverted to the founders or the project.

All of these wallets are "four of six" multi-sig wallets, with the six keys originally held by the six co-founders of the BTG project. This means four signatures are required to move funds, and no single person can access the Endowment. In addition, 60% of the funds were in time-locked wallet addresses which would gradually become available over the course of three years.

All fund expenditures have been made based on the decisions of the Board of the Bitcoin Gold organization; the original Board was comprised of the six co-founders of the project.

To simplify administration, funds are periodically moved from an Endowment wallet into a "Flex Spending" wallet which requires 2 of 6 signatures. Expense reimbursements, salaries, and bounties are then paid from the Flex wallet. Any funds in the Flex wallet are unspent and belong to the Endowment.

Endowment Wallets

AedgJfbGhjwtUEmfGv8qci9T4FBokxgKu1 <-- Flex Spending Wallet

Address Coins Mined Blocks Mined First Block
AQS1w7wyXQjPiE29LtA8ER8DbSQii4vSk7 10000 800 491407
AeTXqQdHLJGug6PdaQFvQZvjPM9E8wDV8u 10000 800 491408
AMZdDm8jyZRUTxWCjwZsKbBAtdnyzyTqtN 10000 800 491409
AV1WBeDbz27UXRy9PRveHtbnT8u2cmy1Fs 10000 800 491410
AbUDWqByF1zYK1EH9oYyqDiYqzwz4nyvUb 425 34 494607
AY5UJYbHpVqnzTSnVUmds96iEa184whwMy 412.5 33 494608
ANq7beYK3u4ZNSwLQ4jvaqfrJk5A2eNVjh 412.5 33 494609
AGHgQeewWPk9c3Du2nRF1p71NkGpnV2uSx 412.5 33 494610
ActxzuxFj1GwhEUDaKqHBrrXDpUB8uKCiA 425 34 494740
ALjMJWeDkZ7TkDZG4HwEGreLCZCDQ6eBax 412.5 33 494741
AekPK2yqYDUvM2KSRRxg7PF2WWYZNKtB4t 412.5 33 494742
AJoWHymWN9RoabfgWxP1idwXiGhr24KGe2 412.5 33 494743
AHGTzSDyvYc9facpDPFaMqB9wo2iH38Cv8 425 34 494873
AXgN6pqjgs8npUVXkhgpHmP66cQCyoJKAu 412.5 33 494874
AWTmcqDk2Zevu6xNAXqxfgZPpBdNMSZVct 412.5 33 494875
ARGAriqAfEvXETj7RFfpxDTqPjZKL786LJ 412.5 33 494876
AbU8U4VPc9r176VR8oQuhX1nzdRpTY5kWX 425 34 495006
AWFXYhfYzuECB8g6hS7tpiFmuK5ZNiD1cM 412.5 33 495007
AamYqNARNAW79d3ZUDKcADcmTfcdZpVGGA 412.5 33 495008
AS4Kniez3kxj75BwdxuZuXx8gu3L1amh7W 412.5 33 495009
AKgNEx94ksEqjfigiPEcvwxozZeVhUn1ii 425 34 495139
AVoB3cB76kxrTBu4hgBg9yCuYdwcuT2mKN 412.5 33 495140
AcaCbcttdQoVBdUxdzoVYsd6X2sSq5432q 412.5 33 495141
AQ3SSqcdUrvgSu3uYzKX5Rkzh3jj8orSjb 412.5 33 495142
AUxsecqWnrbRBi4b8SoW1DaU4Nb5KnwxpB 425 34 495272
AXWFsVTZNc2R1b3MtEoQPhYohmRkBLQqE3 412.5 33 495273
ANnRceRd7E9Lpi1DYXiiqejguj8xv8f8Do 412.5 33 495274
AJrorVhgKQd3bFXdD67YHAYBb5RKnL999C 412.5 33 495275
APAadERsu3MCEiQ5oXmGC9iQfA6zYUB99X 425 34 495405
AYTGiiVZ3QKbypQ7Xo79Ye5uoi4tDGAR4m 412.5 33 495406
AQqcZTbxQHuJfunnZSoCF3VyW8ifEQhhYs 412.5 33 495407
AJP778w9iJo34DQ1fi1HieCbmdY9cF1THf 412.5 33 495408
AKFygTFXiBUB9GPdKdn6onL6Rp9dDkVQLu 425 34 495538
AXS8ypZmxprjxogPsmPezG55vZVgurojJp 412.5 33 495539
AeAAWArhFwJ689DbpX36ZvbqhkwdXu3aNJ 412.5 33 495540
ALkvd3xjP5RjMmTCpwzgV3X5q5eNvyY4fc 412.5 33 495541
AZHBdUn6CzJeih9rjC8XzUaPc7BTc6UHFa 425 34 495671
AMeFSBPXzrvy4hw2M8seL9bQZewhM3K4Ns 412.5 33 495672
AL4quT2smecc37rBJJcRsXhcVJwF9qRwbt 412.5 33 495673
AP4u3Pp8GHiVzme77YGSL4RMNQRx56Cixg 412.5 33 495674
ALhZLy5QsEHC52WXiYJ9ZQa1R5LzxhSnWY 425 34 495804
AePv2ModpBZ2tpG7JRPMAqXWqJz1LcaiyJ 412.5 33 495805
AbugYUaJVCNBjfWRUCkmT6665FoRSP7uYB 412.5 33 495806
ANE4D4XhUdHUoYbroQsqxVMg77abSFjL2C 412.5 33 495807
AWf47JL81p9D27e9Lw2jPWx7b3aXFaoYvp 425 34 495937
AcHxtvBZLoED5DSHHtjrvpbuFHYYqjB9no 412.5 33 495938
ASR4kqwvwRWuAA89xfMEi1pRHw65wBtNMz 412.5 33 495939
AMunKdQ3636tAy9M7NK38TAsawaFd3STNn 412.5 33 495940
AZ2Uuc6aJsFAY5XqXuiw4AuTaXDiKdWhCo 425 34 496070
AZ7JrsewBSoRyxTfszU3LHiwni1k8rrZXE 412.5 33 496071
AGgrjx4QzAj5XZ6zdRhu5ePHeAaUymWBrb 412.5 33 496072
AHoQS2b3AWefbS4Do1y3UKfM74exHH7Z5j 412.5 33 496073
Ad6JefJ5cCqL1ut6YdWVXwNKcucn7rpBY6 425 34 496203
AWeS23zoK2mDkMn9StYEdhbsCRYuRmyQay 412.5 33 496204
AXV6XynkyEYqXSb3ZdpSSBpBU7zctCRyjo 412.5 33 496205
AR4HEijijQ9qoBGBMTXNsUsku7n2NsxcU7 412.5 33 496206
AUDa72eva3KUUHA4YH7fL7BQDptDdzNUBi 425 34 496336
AZwmvikneYRddRUx8DLaHwZSmM6F7Kvczs 412.5 33 496337
AaX4amY3iTteJza7Y4RYh6q8nPD7MusQkN 412.5 33 496338
AZ2JZ3KyogYqHAbcrWUgXwDnpK2RcYx9g6 412.5 33 496339
ASXPPv4gzpmrAML9LgwXf6QHbowEdvNJRw 425 34 496469
AcMAuXZj9FPsk4tXgUs8j14jH49Uyig6tj 412.5 33 496470
AZYmHHDxHQtBs5BMUGkLDubLm1m3E31Dpx 412.5 33 496471
AHXSaY1Pr5vAkkccFALCyGkDHAM2dEX2yt 412.5 33 496472
ANvRrt1mpycsY7swptKJpfwTbhYUoz4RMy 425 34 496602
ALSJ5wcNodyAm8CJYRA9CJs9XBvp3grWwY 412.5 33 496603
AH98tdS4CHxfzn63VEnXZtU9nbwWMS5jJM 412.5 33 496604
AHJqGZrHSquwa6PNxzjFBsAhnQQk1ZebDD 412.5 33 496605
AUST4mN8rToJDpk9RzX1x6PTCuRRPMsZgJ 425 34 496735
AQt7ry4oAoUMRkCR4BJAAhc1NHPZ7TuoMf 412.5 33 496736
AeS3MfE16tC4JTrenzMdRPvpdhLZWR3R5D 412.5 33 496737
ASofqECeLcX64tcEANhWTef6VmN2xju6ze 412.5 33 496738
AYhyhnCsiZjRwNJhzTqhWTCbdJomgtuzo5 425 34 496868
ASqF2namioeAwm7mhSpLCUGbj63Xt1hMw6 412.5 33 496869
AeNU7v9Qpzwm55ShfntzNXx76suBjSmMAG 412.5 33 496870
AGkHFt6zfnfWD8jD2s29H4z62JER3T2P3w 412.5 33 496871
APLrScxHJvz8T6BxaKXwmPDMAMRKMA2MHS 425 34 497001
AMRw2mdLFvR4GLTGD24y5Wmkz65hwNuYyE 412.5 33 497002
AUi37mZWDRcLNoCs9Tiztz7ZsGut91P1F4 412.5 33 497003
APcmYaj6QvmM8jXRbhGwgSmeG9K5d2TsWK 412.5 33 497004
AGDx6WsN8M1xfASR9ovJsqtV1WGguAgYKf 425 34 497134
AbLsUWsTssosXYQBLTWAduN2fwBEiuvQuq 412.5 33 497135
AQyU4uA6C8tETva8wE4yoeF9zkeSQRFYjp 412.5 33 497136
AJoKSRAPxizqQMAztHAeoCfVFLcZqr28FT 412.5 33 497137
APHa4jXXE14xC5VcfzHhXbQMvmg9rw8mQm 425 34 497267
AWT6YWoY4gEgUDwwksfMxCQgAM9QG3FCrY 412.5 33 497268
AWzhcVSJ5XNsvqAVKLw2Rtbh82F3Lsb3h1 412.5 33 497269
AMq5bXBMBQVqf7NeWSeUEsS85XBdYuqw7t 412.5 33 497270
AXQc16kEMpDUCA17KGo8RQkiKyNTguuWd2 425 34 497400
AcNxJFxdviCbooZSWUqcLgXevGsGUVkzGE 412.5 33 497401
ATRoe5HqvBa3inWn4ZRzwrxz5LJh3BxBkG 412.5 33 497402
AGjtMtpN9yLea7gs6hkB4xiqdtXrWgHsEH 412.5 33 497403
AV4wdL4tNmeMa2KUUukK8sgJHHVGLU4fi2 425 34 497533
AcYzo6DXj1DYKFW7hFsk4HaKHYSVEsnB7D 412.5 33 497534
AJb7zGfvJgFuxAGojrrVM7MB3c91z5qAdz 412.5 33 497535
Ad2faXezve3pc8CaLXh5JSDD2TcWtSCjGg 412.5 33 497536
AJ5iVkWpazC8trHiPyjf8odyEeetScsaUv 425 34 497666
AM4mz96xbVbGiFcFvnkPXR4vVGjmVSgmyc 412.5 33 497667
ATbY3oPUdAzjSL2GNDiZm2UQhK681XbMp6 412.5 33 497668
Adp6zrMoGAz3zLgRHJxKYJD8seaJvBbrnF 412.5 33 497669
ATiLZjw7NMn7tBcqjhXifBuiTu7v2qDuNC 425 34 497799
AWvgBe5hFRsi5PbjBXP2Zx2Yz83KAAeR8j 412.5 33 497800
AdQUGePtWeZBSFgnTJoFVrhcfnfjFyZmhH 412.5 33 497801
AcdEvBPKD6RTAShuP6KuaM81xuADdwLgVj 412.5 33 497802
AMxAwWLTP4MG8Q7QrU2uEZiB8woePnrzWj 425 34 497932
AbSEKVq69VSASgHubMk4ieRUu28AXkYeWU 412.5 33 497933
AYBiCTV83J9iP9c9pdxUPDe7G9uR7tjPbw 412.5 33 497934
AMoJW4WajYoHWSqJJy4xBnyxxsriYeGcQw 412.5 33 497935
AQEpErkwB54S1sGLqBNTRY2N8EdcEDtM5P 425 34 498065
AH7bk4NGXMAPACdHPytepH3p2vX2d5rdBS 412.5 33 498066
APEKTYSi73WyjbcXicuoWjTdK7D4RB4muM 412.5 33 498067
AZaVmMFeJbw49R1wGXUkPMqdooPY1VKb3H 412.5 33 498068
AakEANsdiY4jHgk4udAoRir3e13wc32mvo 425 34 498198
AcboEpFEALGk8JGRu2Uvjbqfbgg2TbLudx 412.5 33 498199
Af2WyCy2TCMtecDJ5g6EuYBSPFunqeXzSb 412.5 33 498200
Abqk5AeefbdkFfJzezRgPxsUxFkQQcgKAy 412.5 33 498201
Aeu61Tu3CGWXAoRfSsM6wa29sU76PeUDU8 425 34 498331
AXK2XgaPvNVgWNsjxwHHtdavHP3LR5sbXr 412.5 33 498332
AQTzJo1xhYsou7D7o5wXbZRWHCyTgXajef 412.5 33 498333
AQT7MbwKAfNAPvyCSAUL1wYjRbKXMkfsVQ 412.5 33 498334
ARuya3p2UU4nqNKJSAovuHGmmorqdLwqJ4 425 34 498464
ARgBNM9rd32AbYXySiZWXB4UgksjTqNhen 412.5 33 498465
AUZB3Bj36Wsc6N8GTGKZ9e1gj6SwLvnhJh 412.5 33 498466
AcWsLXgV3FRh7L8cRfHxtJy1JqZu1AWBMN 412.5 33 498467
Aa64Uc9tzBUcXhMfbkZM7VyGQY2LvGDhbq 425 34 498597
AGsUq1YxsvvH8GtQa9Jw9gPXxScNBZtwV4 412.5 33 498598
AWPsN3Ax5WGG5pLpM8mkXfH7GxTmuAaxef 412.5 33 498599
AebDSe77wVPWeJFkRoJBebQsH5MsEMWi4g 412.5 33 498600
AQnZAFq5dw3PH143NkDjWrEm5xXsdcGAA7 425 34 498730
AHcZ6neXkzrVHxGFaLdttckYbaLuvaWDAv 412.5 33 498731
AMyTBz5MAQ2g8r61rU69A9vPtfZCY8rtHW 412.5 33 498732
AWx2Ek3yNuKsRubfP4aVdBXstWpqr3vgwr 412.5 33 498733
AYasykrAhhDsbf1XZCjZkJwEhAVmie1rKy 425 34 498863
ASbL2uoJemZCduyJMmdnUCbY9QUBQnZif6 412.5 33 498864
ASSSDAdSn8NvaJdUuxQHSDT3LHnTKR5hjv 412.5 33 498865
AbYaUEFPjE8Z77KaL51B5KLyzQJyFm1qtc 412.5 33 498866
AR31Yxh7q9rhjodmcbRfFDtHP3eDwKPHzc 425 34 498996
ALANQadfeRVQPNVpgvAKZ5iTqQemsYh8qN 412.5 33 498997
AGgP515aGasrVvD4YZ2PJtmVeeN18pNZBw 412.5 33 498998
AGVXboJfCZKaZtBRrZzRHJvA1zGTVfBpDm 412.5 33 498999
APVCgFhksdFuUq1qvoDxhYjnnB5jZQNKUS 425 34 499129
AMXch6uyfKUAPpDEL4U6FM9bZ4K6kFUYPw 412.5 33 499130
Acj3g16FFzx6RCREu5USjxUDDdoAUovuzu 412.5 33 499131
AK9CH1HCzxtisdMzxsRhgen2bDhz9zetTX 412.5 33 499132
Ab2KHP6DdCZiVbixnaGCZxULR3HMyTBjLY 425 34 499262
Af1DsfPqKUfPygQ6WcJTdPvdjSmgFxPChr 412.5 33 499263
AcqM5XJA61P2NpzrWWjfDky6zz2pZvuz3x 412.5 33 499264
AVRfgsLaDaTGeV1AtczESj2tH7qz3hZF38 412.5 33 499265
AX3cgiZtM2qyb7Z27E4vRzEXqvKMaE6zFJ 37.5 3 499395
AaVTNXxLqAvyGJhN7MuaPNXvFSLaJJmVUy 37.5 3 499396
AcE7A1H8WgnYkbQJNEA32oVJvQoF6kb4er 37.5 3 499397
AYA9p64mwZs5HSP8W9fjcBP7hMm4p2bP8L 37.5 3 499398

Mining Process

First 3200 blocks (40,000 BTG)

These were mined into four wallets, “round robin” style:

block address
491407 Address 1
491408 Address 2
491409 Address 3
491410 Address 4
491411 Address 1
491412 Address 2
491413 Address 3
491414 Address 4
491415 Address 1…

… and so on for 3200 blocks. At 800 blocks per wallet, these wallets accumulated 800 * 12.5 = 10,000 BTG each. The wallet addresses are listed below, and are also visible when looking at those block numbers in any BTG blockchain explorer.

The next 4800 blocks (60,000 BTG)

The remaining blocks were divided into roughly 36 segments to unlock monthly over the course of three years. (Dividing 4800 into 36 would actually be 133.33 blocks per segment; instead, 36 segments of 133 blocks were created and a 37th segment with the remaining 12 blocks.)

Each segment was mined round-robin into four wallet addresses, much like the earlier blocks.

Example:

block address
494607 Address 5
494608 Address 6
494609 Address 7
494610 Address 8
494611 Address 5
494612 Address 6
494613 Address 7
494614 Address 8
494615 Address 5…

During the first 132 blocks of the segment, each address received 33 block rewards of 12.5 BTG, so each received 412.5 BTG. Then, for the 133rd block, the first address received an additional 12.5, bringing the total to 425 BTG in the first wallet.

The total BTG for the segment is 425 + 412.5 + 412.5 + 412.5 = 1,662.5 BTG.

After these 133 blocks were done, mining advanced to the next segment, which did the same procedure into four new wallet addresses which were time-locked for an additional month.

Again, all the addresses in question are 4/6 multi-sig and require four signatures to withdraw funds, in addition to the time locks.

History

The wallet details above have been public on the blockchain since November 12, 2017. The mining process is in code that was published in the BTG Github on November 12, 2017: https://github.com/BTCGPU/BTCGPU/tree/0.15.0.1

The description text above was also published as a Blog Post here: https://bitcoingold.org/endowment-wallets/