Bitcoin Gold is another fork of the world's most popular cryptocurrency. The new coin is based on the PoW consensus principle and the Equihash algorithm. Innovations significantly improve the process of mining digital currency, since the efficiency of mining on ASIC devices decreases significantly. Therefore, BTG coins are of particular interest to GPU farm owners.
History of the emergence of cryptocurrency
The digital currency Bitcoin Gold appeared in 2020. The project's press release was held in July, and 3 months later the fork was launched. The developers set themselves the task of significantly simplifying the process of mining digital currency.
The founder of the project in question is Jack Liao, who is known to the crypto community as the founder of the Lightning ASIC company. Liao owns a huge number of cryptocurrency mining farms, most of them are located in Hong Kong.
Jack Liao created a new coin in order to optimize the original protocol. The fork was based on the Equihash algorithm, which is also used in ZCash mining.
Of course, decentralization of cryptocurrency mining is a hot topic. According to the developers' promises, users will be able to independently determine the block size. The default value is 1 MB.
Technical features
The algorithm on which the system operates is based on hashing and is adapted for mining on GPU devices. Equihash developers believe that the new algorithm will help expand the audience for which BTG mining is of interest. At the same time, decentralization of the system will be ensured; accordingly, the share of influence will not have a significant impact on the cryptocurrency rate.
The number of coins is limited. A total of 21 million BTG have been issued. One block is generated in approximately 10 minutes. After each new link in the Blockchain, the difficulty of mining will increase. As was the case with the advent of Bitcoin Cash, Bitcoin holders received BTG coins for free.
Special attention should be paid to network security. Even on the launch day, the developers made a statement that the system is completely protected from repeated transactions.
Active cooperation with many well-known pools, as well as the rapid development of a beta network for testing, indicate that the Bitcoin Gold project has enormous potential.
Features and Specifications
The software algorithm used by the BTG cryptocurrency is based on a specific hashing technology to adapt the cryptocurrency mining process using the computing capabilities of GPU chips. According to the creators of the Equihash algorithm, such a decision should have a positive impact on the growth of the user audience of BTG coins, since not every person has the financial opportunity to purchase special ASIC devices for mining digital currencies. At the same time, a similar algorithm is responsible for ensuring the decentralization of the crypto network, which will minimize the influence of external factors on changes in exchange rate quotes of crypto coins.
Related news:
- Review of the Bitcoin SV cryptocurrency and its prospects for 2020
- Bitcoin Diamond cryptocurrency forecast for 2020...
- Bitcoin White (BTW) cryptocurrency in 2020
- Review of the Libra cryptocurrency and its prospects for 2020
- Review of the XDN cryptocurrency and its prospects for 2020
- Review of Adam cryptocurrency and its prospects for 2020
The total number of coins was initially limited by the creators of Bitcoin Gold. The maximum number of BTG tokens will not exceed 21 million coins. On average, it takes 10 minutes to generate one crypto block. After reaching a new link in the Blockchain of the crypto network, the complexity of crypto mining will increase, which is dictated by the need to slow down the process of issuing new BTG coins.
Project capitalization and current cost of cryptocurrency
Currently the capitalization is $1.263 billion. The digital currency is traded at $74 per coin. It is worth taking into account the fact that now many cryptocurrencies are falling in price, so it is not surprising that the cost of Bitcoin Gold is also falling. The project holds 25th position in the capitalization rating.
The technologies used confirm that this cryptocurrency undoubtedly has potential for further growth. Therefore, the asset will be of interest to investors who prefer long-term investments.
The historical maximum of the digital currency Bitcoin Gold was set on December 20, 2020 at $474 per coin. At that time, capitalization reached almost $8 billion.
Average prices table
- by month
- by days
- on years
| Month | Price, USD |
| August 2020 | 10.10125 |
| July 2020 | 9.143 |
| June 2020 | 8.79125 |
| May 2020 | 9.206 |
| April 2020 | 9.426 |
| March 2020 | 7.589499999999999 |
| February 2020 | 11.39 |
| January 2020 | 10.0815 |
| December 2019 | 5.503 |
| November 2019 | 7.912 |
| October 2019 | 7.9275 |
| September 2019 | 10.3475 |
| August 2019 | 14.350000000000001 |
| date | Price, USD |
| 14.08.2020 | 10.85 |
| 13.08.2020 | 11.129999999999999 |
| 12.08.2020 | 10.68 |
| 11.08.2020 | 10.107 |
| 10.08.2020 | 9.9785 |
| 09.08.2020 | 10.091999999999999 |
| 08.08.2020 | 10.062999999999999 |
| 07.08.2020 | 10.0955 |
| 06.08.2020 | 10.229 |
| 05.08.2020 | 10.434999999999999 |
| 04.08.2020 | 9.9405 |
| 03.08.2020 | 10.038499999999999 |
| 02.08.2020 | 9.888 |
| 01.08.2020 | 10.49 |
| 31.07.2020 | 10.174499999999998 |
| 30.07.2020 | 9.8895 |
| 29.07.2020 | 9.6145 |
| 28.07.2020 | 9.914 |
| 27.07.2020 | 10.052 |
| 26.07.2020 | 9.5025 |
| 25.07.2020 | 9.3965 |
| 24.07.2020 | 9.157 |
| 23.07.2020 | 9.365 |
| 22.07.2020 | 9.3425 |
| 21.07.2020 | 9.143 |
| 20.07.2020 | 8.952 |
| 19.07.2020 | 9.003499999999999 |
| 18.07.2020 | 8.919 |
| 17.07.2020 | 8.839500000000001 |
| 16.07.2020 | 8.8245 |
| 15.07.2020 | 9.038 |
| 14.07.2020 | 9.105 |
| 13.07.2020 | 9.135 |
| 12.07.2020 | 9.4605 |
| 11.07.2020 | 9.157499999999999 |
| 10.07.2020 | 8.934 |
| 09.07.2020 | 8.9595 |
| 08.07.2020 | 9.1865 |
| 07.07.2020 | 8.923 |
| 06.07.2020 | 8.8795 |
| 05.07.2020 | 8.5115 |
| 04.07.2020 | 8.7805 |
| 03.07.2020 | 8.754 |
| 02.07.2020 | 9.636 |
| 01.07.2020 | 11.02 |
| 30.06.2020 | 10.3085 |
| 29.06.2020 | 11.036999999999999 |
| 28.06.2020 | 10.186499999999999 |
| 27.06.2020 | 8.108 |
| 26.06.2020 | 8.391 |
| 25.06.2020 | 8.584 |
| 24.06.2020 | 8.635000000000002 |
| 23.06.2020 | 9.1075 |
| 22.06.2020 | 8.854 |
| 21.06.2020 | 8.538 |
| 20.06.2020 | 8.626 |
| 19.06.2020 | 8.481 |
| 18.06.2020 | 8.518 |
| 17.06.2020 | 8.599 |
| 16.06.2020 | 8.5975 |
| 15.06.2020 | 8.5805 |
| 14.06.2020 | 8.629999999999999 |
| 13.06.2020 | 8.7285 |
| 12.06.2020 | 8.636 |
| 11.06.2020 | 8.613 |
| 10.06.2020 | 9.3195 |
| 09.06.2020 | 9.239999999999998 |
| 08.06.2020 | 9.173 |
| 07.06.2020 | 9.159500000000001 |
| 06.06.2020 | 9.2395 |
| 05.06.2020 | 9.3735 |
| 04.06.2020 | 9.530000000000001 |
| 03.06.2020 | 9.3315 |
| 02.06.2020 | 9.5395 |
| 01.06.2020 | 9.373999999999999 |
| 31.05.2020 | 9.249500000000001 |
| 30.05.2020 | 9.2985 |
| 29.05.2020 | 9.159500000000001 |
| 28.05.2020 | 9.2495 |
| 27.05.2020 | 9.0785 |
| 26.05.2020 | 8.812999999999999 |
| 25.05.2020 | 8.863499999999998 |
| 24.05.2020 | 8.524000000000001 |
| 23.05.2020 | 8.920000000000002 |
| 22.05.2020 | 8.806000000000001 |
| 21.05.2020 | 8.6085 |
| 20.05.2020 | 8.972999999999999 |
| 19.05.2020 | 9.299 |
| 18.05.2020 | 9.229 |
| 17.05.2020 | 9.188 |
| 16.05.2020 | 9.033 |
| 15.05.2020 | 8.852 |
| 14.05.2020 | 9.472 |
| 13.05.2020 | 9.206 |
| 12.05.2020 | 8.976500000000001 |
| 11.05.2020 | 8.5775 |
| 10.05.2020 | 9.023 |
| 09.05.2020 | 9.784500000000001 |
| 08.05.2020 | 9.8195 |
| 07.05.2020 | 10.204 |
| 06.05.2020 | 9.748 |
| 05.05.2020 | 9.8875 |
| 04.05.2020 | 9.7965 |
| 03.05.2020 | 10.1235 |
| 02.05.2020 | 10.27 |
| 01.05.2020 | 10.125 |
| 30.04.2020 | 10.048 |
| 29.04.2020 | 10.434000000000001 |
| 28.04.2020 | 9.398 |
| 27.04.2020 | 9.454 |
| 26.04.2020 | 9.507 |
| 25.04.2020 | 9.369499999999999 |
| 24.04.2020 | 9.3045 |
| 23.04.2020 | 9.455 |
| 22.04.2020 | 9.215499999999999 |
| 21.04.2020 | 8.8155 |
| 20.04.2020 | 9.056000000000001 |
| 19.04.2020 | 9.79 |
| 18.04.2020 | 10.165 |
| 17.04.2020 | 9.986 |
| 16.04.2020 | 9.793 |
| 15.04.2020 | 9.55 |
| 14.04.2020 | 9.772 |
| 13.04.2020 | 9.847000000000001 |
| 12.04.2020 | 10.0815 |
| 11.04.2020 | 9.495000000000001 |
| 10.04.2020 | 9.035499999999999 |
| 09.04.2020 | 9.7615 |
| 08.04.2020 | 8.7045 |
| 07.04.2020 | 7.863999999999999 |
| 06.04.2020 | 7.946 |
| 05.04.2020 | 7.297 |
| 04.04.2020 | 7.433 |
| 03.04.2020 | 7.398 |
| 02.04.2020 | 7.4745 |
| 01.04.2020 | 7.413 |
| 31.03.2020 | 7.162 |
| 30.03.2020 | 7.2355 |
| 29.03.2020 | 6.6735 |
| 28.03.2020 | 7.0525 |
| 27.03.2020 | 7.209 |
| 26.03.2020 | 7.647 |
| 25.03.2020 | 7.547499999999999 |
| 24.03.2020 | 7.772 |
| 23.03.2020 | 7.661 |
| 22.03.2020 | 7.04 |
| 21.03.2020 | 7.589499999999999 |
| 20.03.2020 | 7.661999999999999 |
| 19.03.2020 | 7.3755 |
| 18.03.2020 | 6.374 |
| Data is provided for the dates on which the auction took place. Therefore, there is no data for weekends and holidays. | |
| The table is too large to display on the screen. | |
| Year | Price, USD |
| 2020 | 9.3045 |
| 2019 | 12.705 |
| 2018 | 30.445 |
| 2017 | 247.0575 |
Mining Bitcoin Gold
Today, users are offered a full-fledged network client. Mining of digital currency begins with block 499407, which was opened by several large associations at once. If the user has Bitcoin, then he will be able to receive a similar amount of BTG coins.
It is worth recognizing that many members of the crypto community were wary of changing the original algorithm. However, optimization has undeniable advantages. BTG mining can be carried out on video cards, which means mining becomes more accessible.
In case you have never had to deal with the Equihash algorithm before, let’s look at the Bitcoin Gold mining process using a real example. To mine a digital asset, the user will need:
- PC or laptop.
- Minimum 4 GB RAM.
- 1 GB video card, the larger the capacity, the better.
- Latest drivers for GPU adapter.
The power of the processor does not play a special role, since it is practically not used in cryptocurrency mining.
How many video adapters can you connect? It all depends on the motherboard, namely on the number of PCI-e slots. It is also worth taking into account the power of the power supply.
To start mining coins, you must also install the appropriate software on your computer. When the software is launched, the optimal mining parameters are automatically selected. There is no need to configure the settings yourself.
When coin generation starts, the following lines will be displayed in the program window:
All the necessary information is presented here to monitor the performance of the GPU adapter, as well as its temperature. In order to increase the efficiency of mining, you can try to become a member of one of the leading associations. The most popular pools are Mining SG, Pool.gold and MinerTopia.
Bitcoin Gold rate forecast for 2020, 2021-2024
Bitcoin Gold rate forecast for October 2022 . The rate at the beginning of the month was $5.44. The maximum rate is $5.44, the minimum is $4.25. The average rate for the month is $4.93. Bitcoin Gold rate forecast at the end of the month $4.57, change for October -16.0%.
Bitcoin Gold rate forecast for November 2022 . The rate at the beginning of the month was $4.57. The maximum rate is $4.57, the minimum is $3.57. The average rate for the month is $4.14. Bitcoin Gold rate forecast at the end of the month $3.84, change for November -16.0%.
Bitcoin Gold rate forecast for December 2022 . The rate at the beginning of the month was $3.84. The maximum rate is $4.76, the minimum is $3.84. The average rate for the month is $4.22. Bitcoin Gold rate forecast at the end of the month $4.45, change for December 15.9%.
Bitcoin Gold rate forecast for January 2023 . The rate at the beginning of the month is $4.45. The maximum rate is $4.45, the minimum is $3.48. The average rate for the month is $4.03. Bitcoin Gold rate forecast at the end of the month $3.74, change for January -16.0%.
Bitcoin Gold rate forecast for February 2023 . The rate at the beginning of the month was $3.74. The maximum rate is $3.74, the minimum is $2.92. The average rate for the month is $3.39. Bitcoin Gold rate forecast at the end of the month $3.14, change for February -16.0%.
Bitcoin Gold rate forecast for March 2023 . The rate at the beginning of the month was $3.14. The maximum rate is $3.14, the minimum is $2.46. The average rate per month is $2.85. Bitcoin Gold rate forecast at the end of the month $2.64, change for March -15.9%.
Bitcoin Gold rate forecast for April 2023 . The rate at the beginning of the month was $2.64. The maximum rate is $3.27, the minimum is $2.64. The average rate per month is $2.90. Bitcoin Gold rate forecast at the end of the month $3.06, change for April 15.9%.
Bitcoin Gold rate forecast for May 2023 . The rate at the beginning of the month was $3.06. The maximum rate is $3.06, the minimum is $2.65. The average rate for the month is $2.91. Bitcoin Gold rate forecast at the end of the month $2.85, change for May -6.9%.
Bitcoin Gold rate forecast for June 2023 . The rate at the beginning of the month is $2.85. The maximum rate is $3.54, the minimum is $2.85. The average rate for the month is $3.14. Bitcoin Gold rate forecast at the end of the month $3.31, change for June 16.1%.
Bitcoin Gold rate forecast for July 2023 . The rate at the beginning of the month was $3.31. The maximum rate is $4.11, the minimum is $3.31. The average rate for the month is $3.64. Bitcoin Gold rate forecast at the end of the month $3.84, change for July 16.0%.
Bitcoin Gold rate forecast for August 2023 . The rate at the beginning of the month was $3.84. The maximum rate is $4.59, the minimum is $3.84. The average rate for the month is $4.14. Bitcoin Gold rate forecast at the end of the month $4.29, change for August 11.7%.
Bitcoin Gold rate forecast for September 2023 . The rate at the beginning of the month is $4.29. The maximum rate is $5.33, the minimum is $4.29. The average rate for the month is $4.72. Bitcoin Gold rate forecast at the end of the month $4.98, change for September 16.1%.
Bitcoin Gold rate forecast for October 2023 . The rate at the beginning of the month is $4.98. Maximum rate $6.18, minimum $4.98. The average rate for the month is $5.48. Bitcoin Gold rate forecast at the end of the month $5.78, change for October 16.1%.
Bitcoin Gold rate forecast for November 2023 . The rate at the beginning of the month was $5.78. The maximum rate is $5.78, the minimum is $4.93. The average rate per month is $5.45. Bitcoin Gold rate forecast at the end of the month $5.30, change for November -8.3%.
Bitcoin Gold rate forecast for December 2023 . The rate at the beginning of the month is $5.30. The maximum rate is $6.58, the minimum is $5.30. The average rate for the month is $5.83. Bitcoin Gold rate forecast at the end of the month $6.15, change for December 16.0%.
Bitcoin Gold rate forecast for January 2024 . The rate at the beginning of the month is 6.15 dollars. The maximum rate is $6.58, the minimum is $5.72. The average rate per month is $6.15. Bitcoin Gold rate forecast at the end of the month $6.15, change for January 0.0%.
Bitcoin Gold rate forecast for February 2024 . The rate at the beginning of the month is 6.15 dollars. The maximum rate is $7.63, the minimum is $6.15. The average rate for the month is $6.77. Bitcoin Gold rate forecast at the end of the month $7.13, change for February 15.9%.
Bitcoin Gold rate forecast for March 2024 . The rate at the beginning of the month was 7.13 dollars. The maximum rate is $8.03, the minimum is $6.98. The average rate for the month is $7.41. Bitcoin Gold rate forecast at the end of the month $7.50, change for March 5.2%.
Bitcoin Gold rate forecast for April 2024 . The rate at the beginning of the month is $7.50. The maximum rate is $9.31, the minimum is $7.50. The average rate per month is $8.25. Bitcoin Gold rate forecast at the end of the month $8.70, change for April 16.0%.
Bitcoin Gold rate forecast for May 2024 . The rate at the beginning of the month is $8.70. The maximum rate is $9.91, the minimum is $8.61. The average rate for the month is $9.12. Bitcoin Gold rate forecast at the end of the month $9.26, change for May 6.4%.
Bitcoin Gold rate forecast for June 2024 . The rate at the beginning of the month was $9.26. The maximum rate is $9.26, the minimum is $8.00. The average rate for the month is $8.78. Bitcoin Gold rate forecast at the end of the month $8.60, change for June -7.1%.
Bitcoin Gold rate forecast for July 2024 . The rate at the beginning of the month is $8.60. The maximum rate is $8.60, the minimum is $7.44. The average rate for the month is $8.16. Bitcoin Gold rate forecast at the end of the month $8.00, change for July -7.0%.
Bitcoin Gold rate forecast for August 2024 . The rate at the beginning of the month is $8.00. Maximum rate $9.93, minimum $8.00. The average rate per month is $8.80. Bitcoin Gold rate forecast at the end of the month $9.28, change for August 16.0%.
Bitcoin Gold rate forecast for September 2024 . The rate at the beginning of the month was $9.28. The maximum rate is $11.51, the minimum is $9.28. The average rate for the month is $10.21. Bitcoin Gold rate forecast at the end of the month $10.76, change for September 15.9%.
Creating a wallet to store Bitcoin Gold
A full-fledged wallet can be registered on the official website of the project. Open the bitcoingold.org portal, and then go to the Downloads menu. After this, the user will be prompted to download the wallet installation file.
After installing the program, the user will receive a wallet address. It is worth noting that a mobile version of the official wallet is also available. The following services are considered viable alternatives for storing Bitcoin Gold cryptocurrency: Freewallet, Coinomi.
How to buy cryptocurrency?
Users will not have any problems with this, since Bitcoin Gold coins are presented on many popular exchanges. The leader in daily volume is the Binance platform - almost $7 million in 24 hours for the BTG/BTC currency pair.
Bitcoin Gold is traded not only with popular digital currencies (BTC, ETH), but also with fiat. An interesting fact is that the most popular fiat currency is the South Korean won – exchanges Bithumb, Upbit. The digital asset can also be purchased for the American dollar (Bitfinex), Turkish lira (Sistemkoin) and Indonesian rupiah (Indodax).
