Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 24, 2017. The main difference between Bitcoin Gold and Bitcoin is that the former uses an algorithm that is resistant to ASIC miners called Equihash while the latter uses the SHA-256 algorithm.
This makes it so that specialised mining equipment (ASICs) cannot be used to mine Bitcoin Gold.
As of January 2019, one Bitcoin Gold coin is worth $12.46 USD.
This is a relatively low price compared to other cryptocurrencies, but it is still over 1000% higher than it was worth at its launch in October 2017. The price of Bitcoin Gold has fluctuated quite a bit since its inception, but has generally trended upwards.
NOTE: WARNING: The value of a Bitcoin Gold Coin can fluctuate greatly and is dependent on various factors, including market conditions, demand and supply. Investing in cryptocurrency is risky and you should do your own research before investing. There is no guarantee that the value of a Bitcoin Gold Coin will increase or remain stable.
The reason for this relative stability could be because Bitcoin Gold is backed by actual gold. Every Bitcoin Gold coin is backed by one gram of gold stored in a secure vault.
This makes it a more stable investment than other cryptocurrencies which are not backed by anything tangible.
Investors who are looking for exposure to gold but do not want to invest directly in the metal may find Bitcoin Gold to be a good option. Those who are interested in investing in cryptocurrency but are worried about the volatility of prices may also find Bitcoin Gold to be a good option.
Bitcoin Gold does have some drawbacks however. Because it is a fork of the Bitcoin blockchain, it shares many of the same vulnerabilities as Bitcoin.
Additionally, because it is not as well known as some other cryptocurrencies, it may be harder to find exchanges that support it.
9 Related Question Answers Found
A Bitcoin is worth whatever the market says it is worth. Right now, that happens to be around $9,000 US dollars. But the value of a Bitcoin can fluctuate wildly, and it has in the past.
Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 24, 2017. The new blockchain created a new cryptocurrency, Bitcoin Gold (BTG), that can be mined with GPUs. BTG is currently worth $174.62 USD.
As of early 2020, a gold bitcoin is worth around $9,300. This is based on the current price of gold and the current price of bitcoin. Of course, these prices are always subject to change, so the value of a gold bitcoin could go up or down in the future.
Bitcoin Diamond is a cryptocurrency with a market capitalization of $1.4 billion. It is ranked #38 on CoinMarketCap.com. Bitcoin Diamond has a circulating supply of 156,065,625 BCD and a max supply of 210,000,000 BCD.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2009.
When it comes to Bitcoin, there is no definitive answer as to how many coins there are in circulation. This is because the number of coins in circulation is constantly changing, with new coins being created through the process of mining and old coins being lost or destroyed. However, it is estimated that there are currently around 18 million Bitcoin in circulation.
A Bitcoin bit is worth a lot more than you might think. While there are only 21 million bitcoins in existence, each one is divisible into 100 million smaller units, called satoshis. So, while there are only a limited number of bitcoins in circulation, each one is still worth a considerable amount.
Bitcoin Gold is a decentralized cryptocurrency that is divisible, fungible, and portable. It was created in October 2017 as a fork of the Bitcoin blockchain. The main difference between Bitcoin and Bitcoin Gold is that the latter uses a different proof-of-work algorithm called Equihash.
When it comes to Bitcoin, there is no such thing as an official price. This is because the cryptocurrency is not regulated by any government or financial institution. Instead, its price is determined by the supply and demand of the market.
