What is bitcoin gold (BTG)

[Ridam 7455]

Bitcoin Gold is the hard fork of Bitcoin and it wad created at 2017. And the coin is currently ranked at rank 6 by coinmarketcap and the price is at 11.67$. Unlike the Bitcoin it could be mined by combining GPUs and they are focused for profit for everyone not only the big players owning warehouse of ASICs miners.

Edited August 18, 2020 by Ridam
Spelling mistake

[CryptoTrade 53]

BTG became an unreliable moment for me after being attacked by 51%. I wouldn't keep money in it.
 

[Pusha 28]

Bitcoin gold and bitcoin cash are hardforks of the bitcoin network. They could be obtained if you had a coin from which the hardfork occurred.This is usually a 1:1 ratio. Perforce accelerate the processes taking place in the circuit.

[javad 58]

btg fork of bitcoin but i think security not good on theirs blockchain . bitcoin cash musch better  than btg . so if you want invest in btg never invest big money 

[Medo 14]

Bitcoin Gold (BTG) is the second branch of Bitcoin (that is, the second version of the Bitcoin Code source) after Bitcoin Cash. Bitcoin Gold appeared through a HardFork event on October 24, 2017, created at a block of 491,407. It keeps a record of Bitcoin transactions, meaning if you owned a batch of Bitcoin before the split, then you currently own the equal amount of Bitcoin Gold. This coin aims to offer an alternative, less scalable, ASIC-based mining algorithm, allowing users to increase their profits through their computer cycles.

[Therry29 28]

It is a fork of the BTC which at the time had great value and profitability in the market, it was worth obtaining, currently not so much, its price fell too much.

[robertyuter 17]

Bitcoin gold is another currency that took advantage of the bitcoin name. The currencies that include bitcoin in their name is only to try to get people's attention by trying to mislead them with the name. Some people think they are investing in bitcoin when in reality they are not.

[BloodFrost 5]

Bitcoin Gold has a number of striking differences from Bitcoin. The main one is changing the main algorithm for mining coins. The original version uses SHA-256, which allows you to mine tokens only using powerful ASIC equipment. When mining BTG, you need video cards that run a different algorithm: Equihash. According to the developers, such a step will expand the mining opportunities for everyone. the bitcoin market is influenced by large companies mining coins on heavy-duty equipment.

But everything is not as good as it looks at first glance. The crypto community noticed that only 2 companies are engaged in the production of video cards for mining: AMD and Nvidia, and they have an impact on the value of assets in the same way that some companies can affect the price of bitcoin. Thus, the hard fork is not much different from the original in this respect.

The advantage is the security worked out by the team, which allows you to mine the coin, even having a simple computer.

[z3486 9]

Bitcoin Gold is a cryptocurrency originating from a fork of the Bitcoin (BTC) network and the stated purpose of the split that originated Bitcoin Gold was to introduce changes to the proof-of-work algorithm of the network to prevent the use of hardware ASIC in the mining of the cryptoasset

[mariag921 26]

both are bifurcations from btc, its mining is different because it comes from asics equipment, the truth between both I prefer bch because its volume is much better than btc gold

[Cahrembang 29]

Bitcoin gold is a coin of bitcoin and is a branch of bitcoin and when the bitcoin community has sent this coin to bitcoin holders at that time the price is very high and profitable :)

[parakazanix 68]

All of coins that start with bitcoin is lie excluding bitcoin. Bitcoin cash, bitcoin gold, bitcoin diamond etc.

[Chysom20 30]

Bitcoin gold is a fork of bitcoin in the year 2017. Few lines of code in the original source code of bitcoin was changed which resulted into a separate chain from the bitcoin's blockchain. 

[Ikram mohamed 27]

Btg is a fork from bitcoin, but this coin proved failure many times with 51% attack and i think it is one of the coins that gonna disappear soon because better projects appear on ground

[crusader86 4]

BTG is much more older than BCH. I know a man who mined BTG at GPU 2 years ago and it was profitable.

[viktor58123 43]

Bitcoin Gold has no future as it is a fork.

[mhmd 49]

Btg I think is one of the currencies that will soon disappear

[axelzaarate 78]

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.

 

source: https://bitcoingold.org/

[lando 76]

bitcoin gold comes from bitcoin hard fork. decentralization, new algorithm, hard fork: these are the elements that led bitcoin gold to establish itself in a short time. behind the birth, however, is the fact that the traditional bitcoin mining system has become obsolete, centralised and in the hands of a few mining companies.

Edited October 6, 2020 by lando

[Jayz 15]

I've never heard of bitcoin gold. Be wary of these BTG token investment offers

[chinox2020 11]

The BTG It is a division and monitoring of the native Bitcoin currency, In addition, the BTG cryptocurrency is a cryptocurrency based on the Bitcoin blockchain, whose mining is carried out on conventional graphic processors.

[nikitiy228 65]

Just cheap coin that uses popular name to become popular itself. It worth less than 10$ (as i remember), and maybe, in the future, it will cost more. But i would rather not invest in it.

[tamudosoyyo11 19]

I´m a little bit tire of hearing about cryptocurrencies trying to get fame from Bitcoin using similiar names to it like bitcoin gold,bytecoin,bitcoin cash... i just dont pay attention to them

[Zeanich 29]

The biggest difference is the way of mining, and in reality they are also forks of the btc itself and are 'alternative' currencies to bitcoin

[isves 2]

On 11/15/2019 at 7:08 AM, Great Commander said:

Depends on how it use on mining but preferably, there are same algorithms use on it and gpus and dedicated equipments such as asic miners can be use to mine them. 

how do you do to mine btc ?. Some say that bitcoin can go up and sometimes down the price of the currency so I don't have much idea about mining.