Bitcoin Gold Price Hits $0.40 on Exchanges (BTG)

Bitcoin Gold (BTG) traded up 39% against the dollar during the 24-hour period ending at 11:00 AM Eastern on August 8th. Bitcoin Gold has a market capitalization of $7.06 million and approximately $0.61 worth of Bitcoin Gold was traded on exchanges in the last day. Over the last week, Bitcoin Gold has traded up 11.8% against the dollar. One Bitcoin Gold coin can now be purchased for approximately $0.40 or 0.00000619 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded down 0.6% against the dollar and now trades at $505.46 or 0.00776923 BTC.
• Horizen (ZEN) traded 1.2% higher against the dollar and now trades at $4.09 or 0.00006285 BTC.
• Pirate Chain (ARRR) traded 1% higher against the dollar and now trades at $0.24 or 0.00000363 BTC.
• ZClassic (ZCL) traded up 0.2% against the dollar and now trades at $0.17 or 0.00000258 BTC.
• Komodo (KMD) traded down 10.7% against the dollar and now trades at $0.0059 or 0.00000009 BTC.

Bitcoin Gold Coin Profile

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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website is btgofficial.org. The official message board for Bitcoin Gold is forum.bitcoingold.org.

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 possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView