Bitcoin Gold Reaches Market Cap of $6.88 Million (BTG)

Bitcoin Gold (BTG) traded 0.1% higher against the dollar during the one day period ending at 11:00 AM Eastern on August 16th. Bitcoin Gold has a market capitalization of $6.88 million and $0.61 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Gold has traded 2.4% lower against the dollar. One Bitcoin Gold coin can now be purchased for $0.39 or 0.00000623 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

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• Zcash (ZEC) traded 1% higher against the dollar and now trades at $493.58 or 0.00782846 BTC.
• Horizen (ZEN) traded up 0.2% against the dollar and now trades at $4.01 or 0.00006361 BTC.
• Pirate Chain (ARRR) traded 6.2% lower against the dollar and now trades at $0.20 or 0.00000315 BTC.
• ZClassic (ZCL) traded 18.9% lower against the dollar and now trades at $0.18 or 0.00000283 BTC.
• Komodo (KMD) traded down 2.8% against the dollar and now trades at $0.0057 or 0.00000009 BTC.

About Bitcoin Gold

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official website 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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here.

According to CryptoCompare, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends 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. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

Buying and Selling Bitcoin Gold

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

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