Bitcoin Gold price: $8.02

Bitcoin Gold
BTG
$8.02
Ƀ 0.00061900
3.23%

increased (24h)

Rank
#79
Marketcap
$140,267,820
Volume (24h)
$6,044,240
Circulating Supply
17,513,924 BTG
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What is Bitcoin Gold?

Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, they’ve initialized the Bitcoin Gold project. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable.


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.



Bitcoin Gold is a cryptocurrency with a price of $8.02 and marketcap of $140,267,820. Bitcoin Gold's market price has increased 3.23% in the last 24 hours. It ranks 79 amongst all cryptocurrencies with daily volume of $6,044,240.

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