Altcoin Bitcoin Gold: what is BTG, which wallets can you use, how can you get it for free and is it profitable? Bitcoin Gold is a very young crypto-currency and is already part of the top ten in the crypto-charts. But is it worth it? We tell you what is important. 8.013x Views (c): fox17 - Fotolia.com Bitcoin is well known. But also its younger brother places fifth place with a capitalization of 5 billion Euros, and this after an infamous start.

Nov 1, 2017 - In this tutorial, you will find the following: Best Hardware to mine Bitcoin Gold; How to mine Bitcoin Gold; OS recommendation; Best mining software; How to mine Bitcoin Gold using a pool; Where to create a wallet address. I have already reviewed some great GTX cards and I've build few rigs with those. So, there's about 6 hours until Main-net launches for Bitcoin Gold. Looking to get a piece of the mining action? Me by trader88.

How about mining Bitcoin Gold! This is a complete guide for you to get started from. The rest of the pools that will support BTG can be seen on the Bitcoin. In this post you will get to know about how to mine bitcoin gold with gpu. BTG minig will use equihash algo for POW. Get to know about mining pool,miners.

Many Bitcoin owners ask themselves, how they can purchase Bitcoin Gold for free and which Gold wallets there are, anyway. Beginners wonder whether this is a profitable investment. We would like to share our experiences and opinions.

Table of Contents • • • • • • • • • • • • • • Summary: Bitcoin Gold (BTG/BGold) at a glance • created on 25th Oct 2017, available since November 2017 • amount: ca. 16,8 million Bitcoin gold available, a maximum of 21 million in 2130 (like Bitcoin) • every 10 minutes one block (like Bitcoin) • block size: 1MB (like Bitcoin) • small transaction fees: 1-2 cents per transfer • adaption to difficulty for every block (Bitcoin: every 2 weeks) • includes Segwit (like Bitcoin) • includes replay protection • unique format of address: no confusion possible • increasing number of wallets. Most read • 1 8.013 Views • 2 1.713 Views • 3 1.541 Views • 4 1.475 Views What is Bitcoin Gold and where does it come from? Keyword: hard fork Bitcoin gold is a crypto-currency, i.e. It is meant for paying on the internet or in your everyday life instead of Euro or US Dollar. You can therefore consider crypto-currencies as further development of money.

This money has a long history starting from barter in the stone ages, then banknotes and ending in fiat money. Crypto money is not controlled by central banks, but it is decentralized and controlled by smaller and bigger datacenters, which everybody can participate in. Based technology, the blockchain, is forgery-proof and thus offers a high level of trust.

Bitcoin Gold emerged from a so-called hard fork on the 25th October 2017. The blockchain was copied on block 491.407 (= status on 25th October 2017) and since then it has been working separately from its bigger brother. Particularly for people who already have Bitcoins this phenomena is of greater interest. That is because they have the possibility to get Bitcoin Gold of the same amount, and that is for free. Below we will describe step by step, how that works. In the end Bitcoin Gold is a copy of Bitcoin. This is why BTG has similar characteristics, but at the same time it wants to compensate some weaknesses.

Behind Bitcoin Gold are some prominent figures of the crypto scene, such as Jack Liao, the CEO of the Hong Kong mining equipment manufacturer LightningASIC, or the Chinese mining tycoon and owner of the Bitcoin news portal Jinse.com. Technical advantages of Bitcoin Gold compared to Bitcoin • it is more energy-saving because of Equihash-Proof-of-Work (Bitcoin: SHA256) • mining through GPU and not with expensive ASCI (=Bitcoin) • difficulty is adjusted with every single block (Bitcoin: every two weeks), thus you can react more flexibly to ups and downs Our evaluation: Bitcoin Gold tries to reinforce decentralization making hardware more profitable using cheaper hardware. Bitcoin is problematic because for private persons it is not worth mining Bitcoin anymore due to high energy and hardware costs.

This leads to the fact that bigger datacenters acquire a dominant position on the market. Additionally they can cause major ups and downs because of mining of other crypto-currencies 8e.g. Therefore BTG tries to refocus on profitable mining, consequently on decentralization, actually the core characteristics of it bigger brother Bitcoin. © 'BillionPhotos.com - Fotolia.com' This is why Bitcoin Gold had a bad reputation in the very beginning Particularly during the weeks prior to the hard fork BTG had to struggle with a poor reputation: they accused the team of BTG of not being transparent with their actions and misusing the good name of Bitcoin while drawing much more attention to them because of the hard fork.

This would not have been possible with a new Altcoin. Moreover there is the imputation, that they had run so-called pre-mining, which has not been cleared yet. That means that they had created new blocks before the blockchain was even available for the public.

Our evaluation: The action of the developers somehow contradicts the basic principles of a crypto-currency, on the other hand the developers cannot sell any own tokens because of a hard fork and thus earn any money. “Free money” of the present Bitcoin owners does not fulfill their desires. This is why the chosen procedure is rude, but in the end comprehensible. Also Satoshi Nakamoto, founder of Bitcoin, kept 1.041.715 Bitcoin for himself before making Bitcoin public. Why all this agitation then? During the last days of October there was a cyber attack on the website of BTG which was then not available for a few days. It is not known who was responsible for this, but the attackers succeeded in defaming the providers at short notice.

Our evaluation: Rude, but forgotten in a hurry. Sooner or later BTG won’t have any problems competing in the market, some initial obstacles will be forgotten. New people being interested in price gains will exceed the number of those skeptics. Why can we believe that? Well, BTG has already shown it in the second half of 2017 and now it is more precious than before.

A few years ago, most people mined their own Bitcoin, but in the meantime, it is much easier and safer to buy Bitcoin on an Exchange or with a Broker. For this, there are countless providers to buy bitcoins instantly or to trade via market places or exchanges. We have tested some Brokers and Exchanges and rated them for you. Risky Replay-Protection? During the first few days there was another weakness of BTG, namely the lack of a so-called replay-protection. Through this, transactions would have been registered not only in the Bitcoin Gold, but also in the Bitcoin blockchain. Fatal outcome: in case of a transfer this would have caused a total loss of your Bitcoins due to the simultaneous transfer of BTG and Bitcoin.

Good news: In the meantime the developers have come up with a full replay-protection and new wallet addresses. They also implemented them: thus Bitcoins cannot be lost due to transfer of BTG!

The developers of wallets have also perceived this. Consequently more and more wallets can host BTG (list: see below). How many Bitcoin Gold can I get for free? Keyword: free money and Btcoin Gold wallet And how can I get Bitcoin Gold? We have good news, again: present Bitcoin owners possibly get the same amount of Bitcoin Gold as they have BItcoin, for free!

There are several requirements: • You should have already been owner of Bitcoins at blockchain 491.407 (ca. 25th October 2017, afternoon). • These Bitcoins had to be deposited on a wallet, which 1) enables you to have acces to your private keys (e.g. ), or 2) supports bitcoin Gold (e.g., Coinomi, see below). • Alternatively your Bitcoins were deposited (25th October 2017) on one of the following exchanges, which officially support BTG. Here can automatically receive your Bitcoin Gold. © 'Screenshot' • The same applies for the biggest German exchange (here you can find the test), which not only supported the Bitcon Gold fork, but also the Bitcoin Cash fork.

And if my exchange does not support Bitcoin Gold? Unfortunately we do not have good news in this case: if your Bitcoins were, e.g. On Polonies, there is no way of receiving the same amount of Bitcoins in Bitcoin Gold for free. This is why we highly recommend securing the access to your private key. If you do not run marging or /lending/funding, it is always better to save your crypto-currencies in a cold wallet. The safest way to do that is ( ). For alternatives, check next chapter.

Which Bitcoin Gold wallets do already exist? Approximately one month after starting Bitcoin Gold already seven wallets support the new crypto-currency. © 'Screenshot' By and by we are going to test all Bitcoin Gold wallets and deliver reports. You can check this by clicking their designations: Ledger Wallet, Coinomi, Bitpie, Guarda, Trezor Wallet, BTGWallet.online, Freewallet. Our evaluation: We are sure that during the next few months all major wallets will support Bitcoin Gold. This decision is, of course, dependant on the demand of the customers: if they want Bitcoin Gold, wallet providers have to make this feature possible in order to defend their position on the market. We basically recommend storing your crypto-currencies in a cold wallet.

The safest one seems to be ( ). Step by step instruction to get Bitcoin Gold: how do I get my Bitcoin Gold per private key? As mentioned above, those already possessing Bitcoin on 25th October 2017 (afternoon) can get the same amount of Bitcoin Gold.

In case the Bitcoins were on an exchange platform supporting Bitcoin, e.g. ( ), you get your coins deposited without any hurdles. This here is a step by step instruction for those who had their Bitcoins in a cold wallet and do have an Android device, this is how you can get your Bitcoin Gold for sure. Step 0: Have control of your Private Keys!

It is important that you control your Bitcoin Private Keys. This requires a Bitcoin Wallet with which your controll your own Bitcoin Private Keys. We recommend hardware wallets like the or the. Other wallets are, Electrum or Jaxx. Transfer all Bitcoin to Wallet where YOU have control of your Bitcon Private Key If you have your Bitcoin on exchanges or web wallet like, Kraken, Bitfinex, Bittrex, GDax, etc., we recommend transferring them to a wallet where you have the control of the private keys (see above). READ THIS BEFORE TRANSACTION ATTENTION: BEFORE inserting the private key into a Bitcoin Gold (BTG) wallet, ALL BITCOIN (BTC) should be transferred to another Bitcoin Wallet, ie another private key.

Because the Bitcoin (BTC) is then on another wallet, they are securely protected against unauthorized access even after the transaction of Bitcoin Gold on a BTG wallet. Otherwise, theoretically a rogue wallet has not only access to the Bitcoin Gold, but your Private Key also grants access to your 'classic' Bitcoin (BTC)!

Step 1: Claim your Bitcoin Gold with 'Coinomi' (Android only) All users of Android devices, we recommend the app ' ', download and install from 'Play Store' or use the link above. © 'Coinomi Screenshot' Step 2: Secure the recovery phrase, set a password Secure your new wallet with the recovery phrase: Save all words written in blue in exact order by writing them on a piece of paper.

Put a check and tap on 'Next'. On the next page you have to repeat the recovery phrase in the exact order by tapping. Tap on 'Next'. This is for security reason: If you lose your device, you can use this info to restore your wallet. After that choose a password, re-type it.

Tap on 'Next' again. © 'Coinomi Screenshot' How does Coinbase deal with Bitcoin Gold?

This might be of importance to you: we have thoroughly tested. Unfortunately Coinbase does not offer any ways of checking your private key of the Bitcoin wallet and saving it on your own. Therefore you cannot export the private key and, for example importing it in another wallet like Coinomi. This means: Coinbase does not allow you yet importing BTG directly into other wallets and using them. Hope remains there: since the Bitcoin Cash (BCH) hard fork sparked an outcry of the Coinbase users, Coinbase promised an export possibility for Bitcoin Cash and Bitcoin Gold in January 2018.

Conclusion: at the moment there is no support for Bitcoin Gold, but in the next 4 to 8 weeks we will learn more. We will update this article the moment there are any further developments. Which effects does Bitcoin Gold have on Bitcoin? One month after the start of Bitcoin Gold it is obvious that the Bitcoin-Gold-Hard-Fork has not had any major effects on the development of Bitcoin: Bitcoin is rocketing from one peak to the next.

Is purchasing Bitcoin Gold profitable? This is an interesting question! How will Bitcoin exchange rate develop? Of course, we do not know that either, but we would like to move one hard fork back: when Bitcoin Cash was separated from Bitcoin, there was no positive feedback at all.

It was classified as a stillbirth, this was at similar exchange rates like Bitcoin Gold today, namely around 350 US-Dollars (300 Euros). In the meantime it dropped to 220 US-Dollars (180 Euros). Today, approximately four months later, Bitcoin Cash is worth more than 2,000 US-Dollars (1.300 Euros) and initial skepticism seems forgotten. Our evaluation: Bitcoin Gold will experience similar things: born as a scapegoat it is part of the Bitcoin family, though. This is why there will be a place for it on the market by tendency.

Beginners have a disposition to be interested in turnovers and not the history of a coin. This is the reason why we recommend checking returns in the long term instead of being discouraged at short notice.

Investing in Bitcoin Gold can be interesting right now, because future development cannot be precisely forecasted. The decision of buying can only be made by yourself! Where can you buy Bitcoin Gold? Since the Altcoin has only been available for a short time, selection is very limited. Live trading is possible on: HitBTC Bitfinex Binance YoBit Gate.io Changelly Abucoins Change Now Evercoin Tests of these exchanges will be made available in the medium term. Due to our thorough experiences we recommend purchasing Bitcoin gold per Bittrex or Bitfinex. All other commonly used platforms like Anycoindirect, LiteBit or Kraken do not offer Bitcoin Gold and do not even plan to do so.

Other exchanges do not offer live-trading yet, only with features, others would like to follow soon. This is an overview. © 'bitfinex.com Screenshot' Your offer has been placed and can be accepted by other traders. Normally an exchange only lasts about a few minutes.

Your order can be checked by clicking “orders” beneath the exchange rate. Moreover it can be changed afterwards. Please note: Larger orders might be exchanged by the piece. Do not get nervous! If the price is rocketing, your order might be adjusted. Our evaluation: Fast, easy to use and cheap. We can highly recommend it.

Disadvantage: exchange only for US-Dollar and Bitcoin – there is no exchange for Euro available yet. Bitcoin Gold: what is BTG, which wallets can you use, how can you get it for free and is it profitable? Interesting Articles Altcoin Our experience buying Binance Coin: what is the Binance Coin (BNB) and where can you buy it? The Binance Coin (BNB) is an in-house crypto-currency of the Binance.com trading platform.

The young Chinese trading platform Binance tries to convince with innovation - one was the publication of its own coin, the Binance Coin. With the Binance Coin, the platform got a good start-up funding and wants to give some of the profits back to the customers and owners of the Binance Coin. We will show in our review, how and where you can buy the Binance Coin (BNB).

Altcoin Our purchaisng experiences with verge: comparison and review of the best Verge brokers and trading places. Verge is a secure and anonymous crypto-currency, developed focusing on privacy. How and where you can buy Verge (XVG) is shown in our review: we compared and reviewed several Verge exchanges and trading platforms. Prices & Charts • • • • • • • • • • • • • • • © hulacoins.com 2018 Partner page:,, Disclaimer: Trading in bitcoins or other digital currencies carries a high risk and can lead to the total loss of the capital employed. Hulacoins.com does not provide any investment advice, but reflects only its own opinion.

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