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How Many Bitcoin Gold BTG Can I Mine

Looking to mine the newest cryptocurrencies out there? How about mining Bitcoin Gold!

While Bitcoin mining got to a whole new level, Bitcoin Gold is designed especially for GPU mining. This means, you only need a desktop computer and a Graphics card to start earning money today.

Bitcoin Gold Btg

Already a Zcash miner or new to mining, this is a complete guide for you to get started from buying the necessary hardware to setting up the software and calculating your profits. Important notes: Only testnet is currently available for Bitcoin Gold. That means you can only mine using testnet.

Be aware of the addresses that you use, the address prefix for mainnet is “G,” “m,” or “n” for testnet. All of the examples below are for mainnet, so you just need to change the address structure to mine for testnet. The indicative mainnet launch date is the 12th of November.

Bitcoin Gold is a type of Bitcoin blockchain. Miners will start a fresh proof-of-work protocol, which may cause a bifurcation of these blockchain. The initial Bitcoin.

This can be changed. Just stay up to date with the official BTG blog for comments.

Contents • • • • • • • • • • • • • • • • • • • • • • Introduction In our previous article: we talked about Bitcoin Gold and how the team came up with the idea. Nexus NXS Web Miner. Now, the work is done, and the mainnet will soon be available. Miners, to ‘prove’ that the BTG transaction was legitimate, used computers with multiple high-end graphics cards to run the Equihash mining algorithm in order to search for a number.

If the number was correct, the block is verified and the miners start working on the next block. Equihash is a popular algorithm that is currently used by the popular privacy coin ZCash. ZCash or Bitcoin Gold For Miners, mining either coin will be the same since they both use the same algorithm, meaning that they will also use the same software. However one notable difference between each coin will be profitability.

This will be the deciding factor for most miners, as most miners will want to make the most money out of mining to pay their hardware and power expenses. Though some miners may want to support the coin they think has the brightest future regardless of price. Depending on whether you want larger profits or if you want to support your favorite coin, these may be a deciding factor for which coin you end up mining. If you want to check which coin is the most profitable at any given time, you can use the calculator (More about mining profit: ), simply select which graphics cards you are using, and the calculator will figure out which coin is the most profitable. Pool Mining and Solo Mining When mining, you can decide whether to mine by yourself (solo) or with other (pool mining). The difference here is that with solo mining you have to do all the work by yourself, unlike pool mining where you work alongside others to mine the block. This means that solo miners require multiple, powerful computers with many high-end video cards.

However, pool mining is far simpler because you will be “pooled” together with other miners, and the combined hashrate of the pool will go towards solving the block. Because the pool is using the combined hashrate of all the miners, instead of being paid the entire block reward like you would when solo mining, each miner will be paid accordingly towards their own contribution. For example if you are contributing towards 10% of the pool’s total hashrate when a block is mined, you will be paid 10% of the total block reward. What You Will Need To start mining you will need: • A computer which you will use to mine • A wallet for your coins to be sent and stored • Mining software so that your computer can connect to the network and start solving blocks. • An account on an exchange in order to trade your mined coins for different ones or into fiat. I will elaborate on the required hardware, software, and recommended wallets in later sections, but for now I will list some exchanges which support the upcoming Bitcoin Gold.

• • • • • You can view the other exchanges on. Hardware Auxiliary For Bitcoin Gold the mining will primarily be done on graphics cards, but you will still need auxiliary components such as the: • Processor – a fast processor is not required and a standard Intel Celeron is a popular choice among miners. • Motherboard – there are many “mining” motherboards that have multiple PCI slots for your graphics cards, however any standard motherboard with a few PCI slots will be fine. • RAM – a 4GB stick of memory will suffice for mining. • Storage – in order to store your operating system and mining software you should either have a small SSD for faster boot times or a cheaper, albeit slower HDD will be fine. It is fine to run your operating system off of an external hard drive, but this will lead to slow boot times.

• Power supply – to power the components you will need a power supply, and depending on how many graphics cards you are using you may have to use one with a maximum power of at least 800W or even multiple power supplies. • Case – because the standard ATX cases cannot support more than 3 or 4 graphics cards, many miners decide to build their own cases, some even out of shoe racks. There are also websites to buy mining cases, however you will pay quite a large premium. Here is a link to one of those websites:.

If you decide to get a custom case you will need to get PCI-E riser cables. These are nifty little extension cables that allow you to take your video cards off the motherboard and on to a more elevated position. This lets you put multiple graphics cards on the same motherboard. Another thing you will need is a power button, as you will not be able to power the system. Here is an example list of suggested parts when building a Bitcoin Gold mining PC:. You can also implement used parts, as these will be cheaper and you will be able to pay off your build sooner, although used parts may not come with a warranty, so if a part breaks due to a malfunction you will have to replace it out of your own pocket. Top 5 Graphics Cards For Bitcoin Gold If you want the highest profits to come out of Bitcoin Gold mining, you will need to choose the best graphics cards.

• #5 GTX 1050 Ti The 1050 Ti is a popular graphics card due to it’s low power constraints and affordable price. For the price of $160 and a power draw of 50 watts, it is an extremely efficient mining card clocking 160 Hashes per second (H/s). Some 1050 Ti’s do not require an external power connector, so if you want to mine Bitcoin Gold but don’t want to build a dedicated mining rig, you can easily put the graphics card into any desktop PC that has a PCI-E 16x slot. • #4 GTX 970 The GTX 970 was a very popular graphics card when it was first released, and because it was from the previous generation of graphics cards it is extremely easy to find these used.

With a hashrate of 280 H/s, the 970 is an excellent mining card, especially if you can find it at a cheap price. • #3 GTX 1060 The GTX 1060 has very similar performance to the 970, but has a few added benefits. The 1060 mines Bitcoin Gold at 310 H/s, and while only marginally better than the 970, the 1060 has a much lower power draw. Additionally, because it is a newer card you will be eligible for a warranty, just in case of a component malfunction. However, this card does fetch a higher price. • #2 GTX 1070 The GTX 1070 is a great graphics card for Bitcoin Gold, with a hashrate of 440 and with a power draw of 165 watts, the 1070 is a great choice for Bitcoin Gold. Because the 1070 is an extremely popular graphics card among miners and gamers alike, this card will be extremely easy to sell off should you decide to stop mining.

The one drawback of the 1070 is it’s high price tag. With a price of over $400 not all miners will be able to afford it, making some of the other cards more reasonable choices. • #1 GTX 1080 Ti The GTX 1080 Ti is easily the best graphics card for Bitcoin Gold. With an incredible 700 H/s, a miner with multiple 1080 Ti’s will easily net an extremely high profit margin. Though with so much power there are some drawbacks. The 1080 Ti costs over $700 making this a graphics card that is only bought by hardcore enthusiasts. Verifying Compatibility To make sure that all your selected components will work together, you can use the to make sure that the auxiliary components will work together.

However, PCPP does not allow you to add multiple graphics cards, and this can be problematic because you might not know how large of a power supply you will need. You can calculate this by yourself by going to the graphics card’s manufacturer’s website, and finding the power draw. Multiply this number by the amount of graphics cards you will use, and add this number to the power draw of the auxiliary components (given by PCPP).

When you know how much power your system will use, you can choose a power supply accordingly, though you should have 10-20% extra power draw just for general safety and efficiency. After choosing a power supply, check the connectors that come with it. This too can be found on the manufacturer’s website. If you can’t find any power supplies with enough connectors it is possible to use two power supplies. One popular configuration is using two 750 Watt power supplies, as you will have many extra PCI power cables for the graphics cards, as well as plenty of molex cables for the risers.

Technical Requirements Though it is recommended to run multiple powerful video cards for mining Bitcoin Gold, you are not required to run any. It is technically possible to mine BTG on your processor, however compared to a dedicated graphics card, a processor is very slow and will not net even mediocre mining rewards. You most likely won’t even pay back the power costs of mining, making processor mining very inefficient and highly unpractical. Software Mining Software To mine Bitcoin Gold you will need the right software to do it.

This software will connect your computer to the network or pool, and begin hashing. Here is a list of Bitcoin Gold compatible miners: •, compatible with NVidia graphics cards on Windows and Linux •, compatible with AMD cards on Windows •, compatible with AMD cards on Linux Windows Installation In this section I will show you how to install the EWBF miner on Windows. Keep in mind that installing other mining software will follow a very similar installation process. • Step 1 Go to the download page that you can find here:. Find the download link and download the latest version of the mining software. Sometimes when downloading the software your antivirus will tell you that the file is infected, this is often a false flag, and can be avoided by downloading the file as a.zip. • Step 2 Unzip the folder and store it in an accessible location.

• Step 3 Create a new simple text document inside the folder and add this: miner.exe --server --user. --pass x --port --cuda_devices 0 1 2 3 When Bitcoin Gold releases and it becomes possible to mine, replace with the pool you would like to mine on. Replace with your wallet address and with whatever you want. If you use multiple miners you can use this to label each miner and monitor them on the pool website. For you will replace it with the pools port.

I will introduce the different wallets and pools you can use in the next sections. Your final file will look something like this: miner.exe --server --user --pass x --port 3333 --cuda_devices 0 1 2 3 • Step 4 Save the new file as.bat file.

• Step 5 Double click the.bat file then your computer will connect to the network and start mining. Linux Installation The Linux installation for the EWBF miner is a bit more complicated, but Linux can often provide more stability and sometimes even greater performance as opposed to the Windows variant. The following steps are done on the Ubuntu distribution of Linux • Step 1 Open Terminal. This can be done by pressing ctrl + alt + T, then enter this command sudo add-apt-repository ppa:graphics-drivers/ppa You will then be prompted to enter your password. Text should start appearing inside of the Terminal window. You will soon be prompted to press [Enter] to continue. Press enter and wait for the command to finish processing.

• Step 2 Next, you will have to install the latest NVidia drivers for your system from the repository we just added. Enter this command into the Terminal window: sudo apt-get update && sudo apt-get upgrade -y Many lines of code will start appearing on the screen. These are all the different updates that are being downloaded.

This step may take some time. • Step 3 One that step is finished, you will have to add another toolkit for the NVidia drivers in the Terminal window and enter: sudo apt-get install nvidia-cuda-toolkit -y This step will also take quite a while, but once it has finished you can move on to next step. • Step 4 Though this is not 100% necessary, it is recommended to install this piece of software as you will be able to monitor and control your graphics cards.

You can install it with this command: sudo nvidia-xconfig -a --cool-bits=28 Once it has finished downloading, you will have to enable your graphics cards to be monitored, and that is done through the following command: sudo nvidia-xconfig --enable-all-gpus Once you have finished all the steps above you will have to reboot your system, simply type reboot inside of the Terminal window. After your computer has booted back up, you can open the newly installed software by going to the launcher at the top left, and searching for “nvidia.” The software to open is called “NVIDIA X Server Settings,” and you can use this software for monitoring graphics cards, changing fan speeds, and overclocking processors in order to get extra performance. • Step 5 Now that you have finished installing the necessary drivers for your graphics cards, it’s time to install the mining software. Simply go to this link and install the latest version of the EWBF miner. Extract the folder to an accessible location and open it. Inside the folder, right click and select “open in Terminal.” Inside the new Terminal window, you will have to create a file called “start.sh”.

This is a script which acts similarly to a windows.bat file. Type: sudo nano start.sh And a blank window will now appear.

Inside the window you will have to input: -/miner --server --user. --pass x --port Just like with the Windows installation, you will have to replace the necessary areas with the pool you want to mine on, your wallet address, and the server’s port. Once you have finished filling in the blanks, press ctrl+O then enter, and finally ctrl+x to close the window. There will now be a new file inside the folder. • Step 6 The final step before your computer can start mining is for you to start both the miner and the start.sh files. To do this, open a Terminal window (inside of the folder) and type: sudo chmod +x miner && sudo chmod +x start.sh After inputting this command, finally type: sudo./start.sh And if you have followed all of the steps correctly, your computer will begin mining Bitcoin Gold.

Wallets At the moment, there are only three wallets that are planned to support Bitcoin Gold, and these wallets are: • – an Android exclusive multi-wallet. • – another multi-wallet which is available on both Android and iOS. • – another multi-wallet which is available on both Android and iOS. Installation Guide To mine Bitcoin Gold you will need a wallet to store all of those mined coins. Mobile wallets are the most accessible since you can view your balance no matter where you are as long as you have your phone on you.

Here I will be showing you how to install the Coinomi Wallet for Android. • Step 1 Locate the app in the Google Play store and download it. • Step 2 Open the app once it has finished downloading. The app will then ask you to either restore or create a new wallet.

If you create a new wallet you will be asked to write down a seed, this seed is in case you accidentally uninstall the app or lose your phone. The seed will help you restore your wallet so you can access all of your stored coins. If you want to import a wallet, you will be asked to import the seed. • Step 3 Once you have created a wallet you will be asked to select a wallet to add. Scroll down until you locate Bitcoin Gold. • Step 4 Once you have added the wallet, swipe to the “receive” tab and you will find your BTG address. You can use this address to receive BTG.

Inside of your.bat or.sh file replace with this string of numbers, although remember to remove the spaces between the numbers. For example, change GUTb Tizu VXca Ueb4r YmCT mfjN PtJY p2NrA to GUTbTizuVXcaUeb4rYmCTmfjNPtJYp2NrA. If you leave the spaces in the address you will not receive any of your mined BTG. Pools If you only have one miner, it would be a wise decision to choose pool mining over solo mining so that your payouts will become more consistent.

Also, if you have a weak miner, solo mining may not work at all for you. Here is a list of pools which will support Bitcoin Gold: • • • • The rest of the pools that will support BTG can be seen on the Joining a pool is simple. Most pools will have a “Getting Started” tutorial page where it will give you examples of.bat file configurations. These example configurations will contain the server link and the port to mine to. Below is an example configuration found on pool.mining.sg: In the image you can see what to replace and with in your.bat or.sh file. Once you have added these changes to your.bat/.sh file, alongside with your wallet, double click that file and you will begin mining to your wallet on the pool. You can view the Bitcoin Gold shares your miner has collected through the pools website.

Simply go to “view miner stats” or “search for address,” depending on your pool. Input the Bitcoin Gold address you are mining to, and the pool will remotely show you your current hashrate and pending balance, however you can also view your current hashrate locally just by looking at the miners CMD or Terminal window. Solo Mining Solo mining is much more demanding than pool mining if you want consistent payouts because you will have to compete against every other pool and solo miner on the Bitcoin Gold network.

There is also the very real possibility that you will never mine a block, especially if you are running a very weak system. Solo mining usually requires a very large investment, and multiple systems, with multiple graphics cards in each one.

Setting up a node The easiest way to support Bitcoin Gold is by setting up and running your own Bitcoin Gold node. At the moment this can only be done through Linux. • Step 1 If you don’t have a Linux machine you can use the digital service. This service will allow you to setup a Linux machine on a cloud server. If you decide to use Digital Ocean you will have pay a small $5 fee for every month you want to continue using the service.

To use Digital Ocean you will have to create a droplet. After creating it you will receive access details in an email. In order to access your “droplet” you will have to download Putty and login via SSH. Once you have logged in you can start using the Linux droplet, and start building your Bitcoin Gold node • Step 2 First, you will have to open your sources.list file.

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. 7.989x 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. 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 7.989 Views • 2 1.713 Views • 3 1.538 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?

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Please make sure that if you are dealing with, or investing in bitcoin or other digital currencies (for example by acquiring mining equipment or investing in cloud mining services), you have fully understood the associated risks! Please refer to. *Some external links are affiliate links.