Currency Image Bitcoin Gold (BTG)

0.001184 BTC (0.06%)
currency icon 41.1400 USD (7.98%)
Market Cap
currency icon 720,054,870.0000 USD
Volume (24h)
currency icon 124,730,718.0000 USD
Circulating Supply
17,513,900 BTG
Max Supply
21,000,000 BTG
 

Bitcoin Gold Market Pairs

Exchange messages.Pair Volume (24h) Price
BITHUMB BTG/KRW USD 40,586,301.24571329 BTG 32.92360081
HUOBI_GLOBAL BTG/BTC USD 662,178.53787751 BTG 33.73847269
BINANCE BTG/BTC USD 23,391.23501000 BTG 83.20108569
BITFINEX BTG/USD USD 96.79324494 BTG 4.30000095

About Bitcoin Gold

Overview Image

BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. ASICs tend to monopolize mining to a few big players, but GPU mining means anyone can mine again - restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.

Historical data for Bitcoin Gold

Date Open* Close* High Low Volume
23 Jun, 2021 33.4828 35.2129 38.1191 31.9099 125150.001
22 Jun, 2021 35.2707 33.4828 38.7581 28.0282 152595.001
21 Jun, 2021 49.7077 35.2707 49.7077 34.6028 125454.001
20 Jun, 2021 49.8238 49.7077 51.4651 45.6553 152595.001
19 Jun, 2021 44.6379 49.8238 50.4693 41.4866 1022520.001
18 Jun, 2021 57.4162 44.6379 57.4162 43.7928 102564.001
17 Jun, 2021 54.1794 57.4162 60.0692 54.1794 152595.001
16 Jun, 2021 58.7783 54.1794 58.7784 54.0855 125250.001
15 Jun, 2021 57.4700 58.7783 60.5573 57.3733 126815.001
14 Jun, 2021 49.4930 57.4700 58.2702 48.1141 102564.001
13 Jun, 2021 54.9082 49.4930 54.9082 44.0196 115544.001
12 Jun, 2021 57.7010 54.9082 57.7010 50.4508 126815.001
11 Jun, 2021 65.2640 57.7010 65.4809 57.1801 1022520.001
10 Jun, 2021 69.6493 65.2640 79.6021 64.7586 152056.001
09 Jun, 2021 52.0950 69.6493 74.7500 49.2840 102564.001
08 Jun, 2021 50.7060 52.0950 56.6730 47.5290 1022520.001
07 Jun, 2021 56.7500 50.7060 57.7720 50.7060 102564.001
06 Jun, 2021 54.8930 56.7500 62.5000 54.8930 152595.001
05 Jun, 2021 57.5000 54.8930 58.5780 54.7360 115544.001
04 Jun, 2021 60.7990 57.5000 61.9880 55.6880 125454.001
03 Jun, 2021 58.5610 60.7990 62.3720 58.5610 125454.001
02 Jun, 2021 57.6660 58.5610 60.1830 57.1970 125411.001
01 Jun, 2021 60.0010 57.6660 60.3200 56.6250 125411.001
31 May, 2021 56.6890 60.0010 60.0010 54.0690 126815.001
30 May, 2021 55.6880 56.6890 57.5680 51.9470 152595.001
29 May, 2021 58.4270 55.6880 62.4730 53.2000 102564.001
28 May, 2021 66.7660 58.4270 66.7660 55.9470 115544.001
27 May, 2021 65.9000 66.7660 69.7000 63.0040 1022520.001
26 May, 2021 63.0630 65.9000 67.4360 61.7430 125454.001
25 May, 2021 62.1220 63.0630 67.9320 56.6990 125150.001
24 May, 2021 50.6420 62.1220 62.5740 46.3100 152595.001

What is Bitcoin Gold?

Bitcoin Gold (BTG) is a cryptocurrency. It is a hard fork of Bitcoin, the open source cryptocurrency. It is an open source, decentralized digital currency without a central bank or intermediary that can be sent from user to user on the peer-to-peer Bitcoin Gold network. The stated purpose of the hard fork is to change the proof of work algorithm so that application specific integrated circuits (ASIC) cannot be used to mine the Bitcoin Gold block chain

Born as a community-driven project, it was initiated by Alejandro Regojo and Hang Ying as top developers. Bitcoin Gold hard forked from the Bitcoin block chain on October 24, 2017, at block height 491407.

Bitcoin Gold (BTG) Hard Fork Implements New Mining Algorithm in July 2018. The actual algorithm that was developed by Zcash (now, Electric Coin Company) was based on parameter set <200, 9>. Bitcoin Gold has modified this algorithm and is now adopting parameter set <144, 5>. This new algorithm is called Equihash-BTG. The new algorithm requires more memory than the one that was originally developed by Zcash. Soon after the launch, the website came under a distributed denial of service attack, and received criticism from Coinbase and Bittrex for being hastily put together, as well as including a developer pre-mine.

In May 2018, Bitcoin Gold was hit by a 51% hashing attack by an unknown actor. This type of attack makes it possible to manipulate the blockchain ledger on which transactions are recorded, and to spend the same digital coins more than once.[7] During the attack, 388,000 BTG (worth approximately $18 million USD) was stolen from several cryptocurrency exchanges. Bitcoin Gold was later delisted from Bittrex, after the team refused to help pay some of the damages.

Bitcoin Gold suffered from 51% attacks again in January 2020.[9] In July 2020 the version 0.17.2 was released as an "emergency update" in order to elude a long attack chain originated a few days before.

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June 23, 2021

New Bank of America Report Says Digital Currencies 'Could Boost Economic Growth' in Developing Countries

A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potentials” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging market economies.”Digital Currencies and Financial InclusionStill, the study findings show that while digital currencies are likely to “boost economic growth” in developing countries, their adoption will carry some risk. In addition, the study also finds that the rise of digital currencies “could lead to inflation and dollarization.”Meanwhile, a separate report quotes David Hauner, the BOA’s head of emerging market cross-asset strategy and economics for EMEA, explaining why digital currencies could be pivotal in emerging market countries where more than 50% of adults lack a bank account.“Digital currencies have the potential to address many practical constraints on financial services in poor countries,” said Hauner.The report also lists the reduction of cross-border payment costs as well as the reduction of corruption and other illegal activities as some of the constraints that can be addressed by digital currencies.Risks to Physical CurrencyThe BOA research study found that the rise of digital currencies could potentially “undermine a country’s physical currency,” however. Expanding on these findings, Hauner stated:Easier access to alternative digital currencies is also likely to increase the volatility of the domestic money supply and the exchange rate. Easier access to alternatives also raises the risks of rapid shifts of liquidity out of (or into) the currency and the banks which can magnify macro volatility in already less stable countries. Higher macro volatility would then reduce the effectiveness of policies and undermine the long-term rate of growth.Despite these risks, Hauner suggests that more central banks are “likely to issue a general purpose CBDC in the next three years.” As previously reported by Bitcoin.com News, several countries — including a few in Africa — are currently at different stages of developing or piloting their digital currencies. Several more countries are likely to join the race as more studies show that digital currency benefits outweigh the risks. 
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June 22, 2021

Crypto is the most dangerous investment, Bank of Russia governor says

The Bank of Russia proceeds with its extreme position on cryptographic money exchanging regardless of developing worries over the nation passing up the computerized resource industry.The legislative head of Russia's national bank, Elvira Nabiullina, repeated the bank's negative position on crypto in a Monday meeting with Komsomolskaya Pravda, contending that crypto is perhaps the most perilous speculations that right now exist.Nabiullina referenced crypto inside the setting of other high-hazard venture spaces like unfamiliar trade markets. "It's far simpler to lose on the unfamiliar trade market than to win," she said, expressing that "theoretical crypto resources" are considerably more dangerous.The bank lead representative said that costs in the digital currency market are incredibly unstable, expressing that "misfortunes can be huge." She further focused on that the Bank of Russia doesn't prescribe crypto speculations to people in general:The national bank never offers speculation guidance, however, in this specific case, the bank unquestionably doesn't suggest it."Nabiullina has recently expressed that digital currencies like Bitcoin (BTC) are "phony cash" and ought not to be utilized for repayments in Russia. Back in 2017, she alluded to the developing worldwide fame of crypto as a "dash for unheard of wealth."Related: Bank of Russia to begin computerized ruble preliminaries in 2022Regardless of being distrustful about crypto, Nabiullina is hopeful about the computerized ruble, the Bank of Russia's national bank advanced money project. She said last year that a computerized ruble would help organizations by removing monetary mediators.There has been developing analysis of the Bank of Russia's position on crypto, with one State Duma part blaming the national bank for being silly on the business. Russian modern head honcho Oleg Deripaska impacted the national bank last week for its aversion to perceiving digital currencies.
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Bitcoin Gold Price

  • Bitcoin Gold Price currency icon 41.1400 USD
  • 24 Hour High / Low currency icon 45.0100 USD /
    currency icon 35.8300 USD
  • 24 Hour Volume currency icon 124,730,718.0000 USD
  • Market Cap currency icon 720,054,870.0000 USD
  • Market Cap Rank #86
  • Market Cap Dominance 0.0500%
  • Bitcoin/Bitcoin Gold Ratio 1 BTC = 829.1444 BTG
  • 7 Day High / Low currency icon 57.4892 USD /
    currency icon 28.0282 USD
  • 30 Day High / Low currency icon 79.6021 USD /
    currency icon 28.0282 USD
  • 90 Day High / Low currency icon 162.4400 USD /
    currency icon 28.0282 USD
  • 52 Week High / Low currency icon 162.4400 USD /
    currency icon 3.5510 USD
  • All Time High currency icon 659.2950 USD
  • All Time Low currency icon 2.3001 USD
  • Bitcoin Gold ROI 72 %
  • Trading Volume currency icon 720,054,870.0000
  • Circulating Supply 17,513,900 BTG
  • Total Supply 17,513,900 BTG
  • Max Supply 21,000,000 BTG

Cryptocurrency Converter Calculator

1 White Bitcoin (WBTC)
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Frequently Asked Questions

Bitcoin Gold was formed as a result of hard fork on Bitcoin in October, 2017 the purpose of scaling of the bitcoins. The main purpose of Gold coin was to improve the mining process in bitcoin, this is the process through which new bitcoins come into circulation. Bitcoin mining is a very lucrative exercise and most often requires a lot of resources both monetary and human resources. Often the most successful and profitable mining are amalgamation of many rigs with advanced systems.

One of the essential objectives of bitcoin gold has been to change the calculation by which the bitcoin itself is mined, implying that the mining cycle can't be run quicker on particular hardware than it can on standard PC frameworks. This allows ordinary people with a regular computer to mine Bitcoin Gold, and also mine bitcoin just the way it was used to be during its early years. There are currently 17 million bitcoin gold in circulation and it is said to be supported by the miners who want to go back to the standard mining of bitcoins.

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