Bitcoin Gold

#25
Price: $46.0738
Change(24h):
+ 2.66%
Volume(24h): $13,577,800
Market Cap: $784,438,056
Bitcoin Gold (BTG) emerged in August 2017 as a fork of Bitcoin. It was created in a bid to solve a major problem with Bitcoin mining that allowed the process to be nearly monopolized by several big players. BTG uses an alternative Proof-of-Work (PoW) algorithm, called Equihash, which is believed to provide equal opportunities to ordinary miners with their personal computers. BTG has retained Bitcoin's transaction history, allowing for BTCs to transform into BTGs.

Minable: Yes

Coin Prefix: BTG

Type: Coin

Websites:

Latest Hight: $89.67

Bitcoin Gold Markets

# Source: Pair: Price:
1
Bithumb
BTG/KRW
$90.8332190421693
2
Binance
BTG/BTC
$61.8004488
3
Bitfinex
BTG/BTC
$61.80484428
4
Bittrex
BTG/BTC
$62.026376472
5
OKEx
BTG/BTC
$62.0990777112
6
HitBTC
BTG/USDT
$61.6410934
7
OKEx
BTG/USDT
$61.79212058
8
Bitcoin Indonesia
BTG/IDR
$62.1855118239525
9
Bittrex
BTG/USDT
$62.3404401897674
10
HitBTC
BTG/BTC
$61.89714936

Bitcoin Gold Price & Project Info - Bets on Mining

  • Launch Date: October 24, 2017
  • Founders: Jack Liao, h4x3rotab, Robert Kuhne, Alejandro Regojo, Martin Kuvandzhiev, Franco Niebles
 

Bitcoin Gold (BTG) is a hard fork of the biggest cryptocurrency Bitcoin, aiming to improve its Blockchain network. In an age where the blockchain network community slowly transits to the utilization of more flexible consensus protocols, Bitcoin Gold stays anchored amid the depths of mining profitability policies. The goal of BTG is to differentiate from the original Bitcoin platform idea, by utilizing GPU (graphic processing unit) mining. In the words of a BTG developer:

"Bitcoin gold will implement a proof-of-work change from bitcoin's SHA256 to Equihash, a memory-hard algorithm that is ASIC-resistant and optimized for GPU mining."

Market trends towards a more decentralized, community participation-based networks reflect negatively on the perspectives for BTG. While analysts predict a rollercoaster-like price chart movement in the near future, the long-term picture seems quite grim. BTG is built in the likes of Litecoin. It serves as a private transaction tool and its vision framework is oriented towards the user computing participation in the Blockchain network. BTG assures yearly revenue for users and, as the platform has announced, 1% of the ICO profits would go to development.

 

Is There a Place for Mining in the Future of Cryptocurrencies

In the fast-paced world of cryptocurrencies, staying ahead of your time is key for survival. BTG focuses on long-term goals to improve its mining pool potential as it introduces further developments towards privacy, security and mining profitability. It applies a variety of safety measures towards BTG protection, storage and operational tool usage.

Bitcoin Gold, however, is steadily losing grip of its role as a significant cryptocurrency to further improve the Bitcoin Blockchain decentralization. The cryptocurrency market rapidly shifts towards more flexible and business utility proof tokens, as tendencies are for mining to further be lowering its market value in the future. Major cryptocurrency price prediction platforms are warning that BTG might be a risky investment (within a one-year horizon) that will further be devaluated in the future. Looking towards different, more flexible than the Proof-of-Work consensus protocols, a multitude of cryptocurrencies rise in the market chart. And, although, not being even close to the current BTG price volume, look more promising.

 

Is Bitcoin Gold a Slowly Dying Cryptocurrency

BTG tackles the issues with decentralizing the Blockchain system. It is a reliable cryptocurrency with a stable platform and empirically-proof working algorithm. However, the tendencies of the cryptocurrency economy are pointing at another future. While investing computing power in digital currencies remains profitable and worthwhile, Bitcoin Gold expected to underperform in price charts. The digital market favors coins with bigger flexibility towards cross-chain communication and overall better potential for future application in the crypto world. BTG is a coin that prioritizes mining users as it assures yearly revenue to holders and workers.