Convert and Swap Bitcoin Gold BTG to United States Dollar USD
BTG/USD: 1 Bitcoin Gold equals $17.20 USD
Bitcoin Gold (BTG) is not tradable on Coinbase.
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Last update: 10:35 PM, December 22, 2024
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Bitcoin Gold is falling this week.
The current price of Bitcoin Gold is $17.20 per BTG. With a circulating supply of 17,513,923.589 BTG, it means that Bitcoin Gold has a total market cap of $299,261,362.08. The amount of Bitcoin Gold traded has fallen by $7,330,530.29 in the last 24 hours, which is a 40.05% decrease. Additionally, in the last day, $18,303,217.19 worth of BTG has been traded.
About Bitcoin Gold
Bitcoin Gold is a fork of Bitcoin that seeks to reduce the influence of miners who use specialized equipment known as ASICs. The team’s stated goal is to “make bitcoin decentralized again.”
Bitcoin Gold (BTG) is a cryptocurrency that was established in 2017 as a user-friendly alternative to Bitcoin. It aims to merge the robustness and security of the Bitcoin blockchain with the potential for experimentation and development. Bitcoin Gold is a unique blend of the inherent properties of the original Bitcoin blockchain and an innovative approach to blockchain development and applications. As a hard fork of the original Bitcoin token, BTG seeks to introduce a new proof-of-work algorithm that addresses the scalability issues Bitcoin faces. Bitcoin Gold is one of the first hard forks of the original cryptocurrency, which has garnered attention from institutional and enterprise investors.
Bitcoin Gold operates on a proof-of-work (PoW) consensus mechanism, similar to Bitcoin. However, one of BTG's primary objectives was to transform the mining process by introducing the Equihash PoW, which favors GPUs for mining, unlike the Bitcoin blockchain. This version of Equihash uses more memory than an ASIC can provide but runs efficiently on many graphics cards. As an open-source protocol, Bitcoin Gold allows developers to participate freely in the governance and development of the blockchain. This is seen as a crucial requirement for promoting decentralization and one of the significant points where Bitcoin faces challenges.
Bitcoin Gold aims to democratize the mining process by introducing a new proof-of-work algorithm that combats the scalability issues Bitcoin struggles with. This makes it more accessible to new miners around the world, reducing the concentration of power in the hands of large-scale mining operations. Bitcoin Gold also preserves and implements Bitcoin features such as SegWit, which enables advanced scaling technologies like the Lightning Network. This makes it a suitable platform for developers looking to build new technologies on a Bitcoin base. Furthermore, Bitcoin Gold is available on a wide variety of exchanges, as well as swap services and wallets, making it accessible for trading and transactions.
Bitcoin Gold was founded in 2017 by a group of enthusiasts with diverse backgrounds and skills. The co-founders are Hang Yin, a software engineer for Google, and Martin Kuvandzhiev, a board member at the company. The project was born out of the desire to create a variant of Bitcoin that is more decentralized by using an ASIC-resistant Proof of Work algorithm. This was intended to remove barriers to entry for new miners around the world and reduce the concentration of power in the hands of massive-scale mining operations. Bitcoin Gold is one of the first hard forks of the original cryptocurrency, which has attracted institutional and enterprise investors' attention.
How Bitcoin Gold and United States Dollar differ
Bitcoin Gold (BTG) and the US Dollar (USD) are two distinct forms of currency, each with its unique characteristics. BTG, a cryptocurrency established in 2017, aims to combine the security of the Bitcoin blockchain with the potential for development and experimentation. It operates on a proof-of-work consensus mechanism, similar to Bitcoin, but introduces the Equihash PoW, which favors GPUs for mining. This approach seeks to democratize the mining process, making it more accessible to new miners worldwide and reducing the concentration of power in large-scale mining operations. On the other hand, the USD is a traditional fiat currency, controlled by the Federal Reserve, and its value is backed by the trust and confidence in the US government. Unlike BTG, the USD does not rely on a decentralized network of computers for its operation and is not subject to the same level of volatility as cryptocurrencies. Furthermore, while BTG transactions can be made globally without the need for a central authority, USD transactions typically require a bank or other financial institution.
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The exchange rate of Bitcoin Gold is increasing.
The current value of 1 BTG is $17.20 USD. In other words, to buy 5 Bitcoin Gold, it would cost you $86.00 USD. Inversely, $1.00 USD would allow you to trade for 0.0581 BTG while $50.00 USD would convert to 2.9070 BTG, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22.92%. Meanwhile, in the last 24 hours, the rate has changed by 0.52%, and that the the highest exchange rate of 1 BTG to United States Dollar was $17.75 USD and the lowest 24 hour value was 1 BTG for $16.67 USD. This time last month, the value of 1 BTG was $32.68 USD, which is a 47.55% increase from where it is now. Looking back a year, Bitcoin Gold has changed by $16.82 USD.
BTG to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$17.15 USD | 0.52% | $22.24 USD | -22.92% | $32.68 USD | -47.55% | $16.82 USD | 5.41% |
BTG to USD
Amount | Today at 10:35 pm |
|---|---|
0.5 BTG | $8.60 |
1 BTG | $17.20 |
5 BTG | $86.00 |
10 BTG | $172.00 |
50 BTG | $860.00 |
100 BTG | $1,720.00 |
500 BTG | $8,600.00 |
1,000 BTG | $17,199.99 |
USD to BTG
Amount | Today at 10:35 pm |
|---|---|
0.5 USD | 0.0291 BTG |
1 USD | 0.0581 BTG |
5 USD | 0.29 BTG |
10 USD | 0.58 BTG |
50 USD | 2.91 BTG |
100 USD | 5.81 BTG |
500 USD | 29.07 BTG |
1,000 USD | 58.14 BTG |
Today vs. 24 hours ago
Amount | Today at 10:35 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BTG | $8.60 | $8.63 | -0.36% |
1 BTG | $17.20 | $17.26 | -0.36% |
5 BTG | $86.00 | $86.31 | -0.36% |
10 BTG | $172.00 | $172.62 | -0.36% |
50 BTG | $860.00 | $863.08 | -0.36% |
100 BTG | $1,720.00 | $1,726.17 | -0.36% |
500 BTG | $8,600.00 | $8,630.84 | -0.36% |
1,000 BTG | $17,199.99 | $17,261.69 | -0.36% |
Today vs. 1 month ago
Amount | Today at 10:35 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BTG | $8.60 | $16.45 | -47.72% |
1 BTG | $17.20 | $32.90 | -47.72% |
5 BTG | $86.00 | $164.50 | -47.72% |
10 BTG | $172.00 | $328.99 | -47.72% |
50 BTG | $860.00 | $1,644.96 | -47.72% |
100 BTG | $1,720.00 | $3,289.93 | -47.72% |
500 BTG | $8,600.00 | $16,449.63 | -47.72% |
1,000 BTG | $17,199.99 | $32,899.25 | -47.72% |
Today vs. 1 year ago
Amount | Today at 10:35 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BTG | $8.60 | $8.46 | +1.60% |
1 BTG | $17.20 | $16.93 | +1.60% |
5 BTG | $86.00 | $84.65 | +1.60% |
10 BTG | $172.00 | $169.30 | +1.60% |
50 BTG | $860.00 | $846.49 | +1.60% |
100 BTG | $1,720.00 | $1,692.99 | +1.60% |
500 BTG | $8,600.00 | $8,464.94 | +1.60% |
1,000 BTG | $17,199.99 | $16,929.88 | +1.60% |
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