Bitcoin Gold Price Reaches $0.51 (BTG)

Bitcoin Gold (BTG) traded up 2.6% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on August 24th. Over the last week, Bitcoin Gold has traded 28.7% higher against the U.S. dollar. Bitcoin Gold has a market capitalization of $8.94 million and approximately $0.61 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for $0.51 or 0.00000639 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

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• Zcash (ZEC) traded up 0.8% against the dollar and now trades at $851.42 or 0.01066274 BTC.
• Horizen (ZEN) traded 0.5% lower against the dollar and now trades at $5.56 or 0.00006963 BTC.
• Pirate Chain (ARRR) traded 2.2% higher against the dollar and now trades at $0.22 or 0.00000281 BTC.
• Komodo (KMD) traded up 702.4% against the dollar and now trades at $0.0589 or 0.00000074 BTC.
• ZClassic (ZCL) traded 2.3% higher against the dollar and now trades at $0.23 or 0.00000291 BTC.

Bitcoin Gold Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official website for Bitcoin Gold is btgofficial.org. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here.

According to CryptoCompare, “Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.”

Buying and Selling Bitcoin Gold

It is usually not possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the aforementioned exchanges.

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