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Bitcoin Gold (BTG)
Bitcoin Gold (BTG)
Number of casinos: 4
Cryptocurrency Code: BTG
Website: bitcoingold.org
Source code:
Max Supply: 21M BTG
Bitcoin Gold (BTG) gambling options
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Our Top 10 Favorite Ohioan Bitcoin Gold Crypto Casinos
Our handpicked list of the top 10 Bitcoin Gold casino brands for United States at the moment, suitable specifically for Ohioan players.
Rated 99.46/100%welcome bonus
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40x wagering (Deposit Only)
The History of Bitcoin Gold
Bitcoin Gold (BTG) emerged as a hard fork of Bitcoin on October 24, 2017, with the primary aim of fostering greater decentralization in the mining process. Unlike Bitcoin, which heavily relies on specialized mining hardware known as ASICs (Application-Specific Integrated Circuits), Bitcoin Gold adopted a proof-of-work algorithm tailored for mining with widely available graphics cards. This shift was intended to make participation in the mining and distribution process more accessible, allowing a broader base of users to contribute to the network's security and functionality.
The project, spearheaded by a community-driven initiative, included six co-founders, with Hang Yin serving as the lead developer. In 2018, Bitcoin Gold introduced Equihash-BTG, a mining algorithm adapted from Zcash, designed to demand higher memory usage, further diminishing the effectiveness of ASICs. Despite these measures, Bitcoin Gold encountered significant security challenges, suffering 51% attacks in both 2018 and January 2020, which raised concerns about its vulnerability. Following the 2020 attack, the team released version 0.17.2 as an emergency update to counter a prolonged chain attack.
Bitcoin Gold's history underscores the challenges of maintaining security while striving for a more inclusive approach to blockchain technology, reflecting both the innovation and risks inherent in the cryptocurrency space.
More Hot Bitcoin Gold Casinos
Here are selected and reviewed in detail the highest-rated online casinos accepting Bitcoin Gold:
The Popularity of Bitcoin Gold
Since its launch in 2017, Bitcoin Gold has experienced fluctuating levels of popularity within the cryptocurrency community. Initially, its focus on decentralizing mining and making it more accessible through the use of graphics cards attracted significant attention, especially from individuals unable to compete with ASIC-dominated mining in Bitcoin. However, its popularity faced challenges due to notable security breaches, including 51% attacks in 2018 and 2020, which undermined confidence in the network. Despite these setbacks, Bitcoin Gold has maintained a dedicated user base, particularly among those who value its core mission of democratizing cryptocurrency mining. Over time, its reputation as an alternative to Bitcoin has stabilized, driven by consistent updates and improvements to its security and infrastructure. While not as prominent as major cryptocurrencies, Bitcoin Gold remains a relevant option for enthusiasts seeking decentralized mining opportunities.
News and Articles for Bitcoin Gold
Stay up-to-date with the most recent news about Bitcoin Gold with our comprehensive and regularly updated news pieces section below:
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How Has Bitcoin Gold Grown during the Years?
Bitcoin Gold launched in 2017 as a hard fork of Bitcoin, aiming to decentralize mining and make it accessible to more users through graphics card compatibility. In 2018, the project faced its first major challenge with a 51% attack, prompting the development of a new mining algorithm, Equihash-BTG, to enhance security and reduce ASIC dominance.
By 2019, Bitcoin Gold had stabilized somewhat, focusing on building its community and improving its ecosystem, despite lingering concerns about its vulnerabilities. In January 2020, another 51% attack disrupted the network, leading to an emergency update later that year to strengthen its defenses and mitigate similar risks in the future.
In 2021, Bitcoin Gold continued its development efforts, introducing updates to improve blockchain performance and ensure better compatibility with modern hardware. The cryptocurrency remained consistent in 2022, maintaining its position as an alternative for users valuing decentralized mining. By 2023, Bitcoin Gold sustained a niche presence, focusing on community engagement and further refining its technology to support its long-term goals in the cryptocurrency landscape.
Here is a table summarizing the peak prices of Bitcoin Gold (BTG) for each year, along with the percentage change compared to the previous year's peak price:
| Year | Price (USD) | % Change |
| 2017 | $498.44 | – |
| 2018 | $339.06 | -32.00% |
| 2019 | $26.50 | -92.18% |
| 2020 | $14.70 | -44.62% |
| 2021 | $69.37 | +370.77% |
| 2022 | $42.24 | -39.08% |
| 2023 | $16.34 | -61.33% |
| 2024 | $33.57 | +105.29% |
What are the Best Platforms to Trade with Bitcoin Gold?
Bitcoin Gold (BTG) is available for trading on several popular cryptocurrency platforms. Notably, it is supported on Binance, Kraken, and Coinbase, all of which are widely recognized and trusted for crypto trading. However, BTG is not available on Cash App, which focuses primarily on Bitcoin transactions, or Crypto.com, where it is not currently listed.
If you are interested in trading Bitcoin Gold, Binance and Kraken offer robust features for spot and margin trading, and Coinbase provides an easy-to-use platform for beginners. To access BTG, you may need to first purchase other cryptocurrencies like Bitcoin or Ethereum and then trade them for BTG on these platforms.
| Crypto App | Notes |
| Binance | BTG is supported for spot trading. Provides advanced features for experienced traders. |
| Kraken | BTG is listed and available for trading. Offers strong security measures and trading tools. |
| Coinbase | BTG is supported, making it accessible to beginners through an intuitive platform. |
| Crypto.com | BTG is not currently listed. |
| Cash App | BTG is not supported. The app focuses primarily on Bitcoin transactions. |
How to Open an Account in Binance and Find my Bitcoin Gold Address?
This guide ensures you can easily create an account on Binance and start using Bitcoin Gold:
Step01
Create an Account
- Visit the Binance website or download the Binance app.
- Click on Register and enter your email address and password. Alternatively, you can register with your phone number.
- Verify your email or phone by entering the code sent to you.
Step02
Complete KYC Verification
- Log into your account and navigate to the Identification section.
- Submit required documents, such as an ID or passport, to verify your identity.
- Wait for Binance to approve your KYC application, which is typically processed within a few hours.
Step03
Deposit Funds to Your Binance Wallet
- Navigate to the Wallet section and click on Fiat and Spot.
- Choose a deposit method, such as a bank transfer, credit card, or cryptocurrency deposit.
- If you already own Bitcoin Gold (BTG), you can skip this step and proceed to transfer it to your Binance wallet.
Step04
Search for Bitcoin Gold (BTG)
- Go to the Markets or Trade section on Binance.
- Search for Bitcoin Gold by entering BTG in the search bar.
- Select the BTG trading pair that matches the currency you deposited, such as BTG/USDT.
Step05
Find Your Bitcoin Gold (BTG) Address
- Go to the Wallet section and select Fiat and Spot.
- Locate Bitcoin Gold (BTG) in the list and click Deposit.
- Copy the wallet address displayed. This is your BTG deposit address on Binance, which you can use to transfer Bitcoin Gold from other wallets.
What Casino Games Can I Play with Bitcoin Gold?
Bitcoin Gold (BTG) can be used to play a wide variety of casino games on platforms that accept cryptocurrency payments. These include:
- Casino Games: Traditional games like slots, roulette, baccarat, and blackjack can all be played using BTG. Many online casinos offer these games with seamless cryptocurrency integration.
- Poker: BTG is accepted on some online poker platforms, allowing you to join cash games or tournaments while using this cryptocurrency.
- Sports Betting: Sports enthusiasts can place bets on popular sports events, including football, basketball, and tennis, using BTG on crypto-friendly sportsbooks.
- Esports Betting: Betting on esports matches is gaining traction, and BTG can be used on platforms offering odds for games like CS:GO, Dota 2, and League of Legends.
- Live Casino Games: Interactive live dealer games, such as live blackjack, live roulette, and live baccarat, are often accessible for BTG users.
Make sure to check the specific casino's terms and conditions, as well as the availability of Bitcoin Gold as a payment option, before playing. Not all platforms support BTG, so finding BTG-compatible casinos is essential for smooth gameplay.
| Crypto currency | Sym | Casino | Slots | Roulette | Baccarat | Poker | Blackjack | Live casino | eSports | Sports |
|
BTG
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bitcoin-gold-btg |
Interesting Facts About Bitcoin Gold
Bitcoin Gold (BTG) is a unique cryptocurrency that stands out due to its focus on decentralization and accessibility in mining, offering an alternative to Bitcoin's ASIC-dominated ecosystem. Its history, features, and development efforts reveal several fascinating aspects that highlight its role in the evolving cryptocurrency landscape.
- Hard Fork Origin: Bitcoin Gold was created in October 2017 as a hard fork of Bitcoin to make mining more accessible and decentralized.
- Democratized Mining: Its unique Equihash-BTG algorithm allows mining with regular GPUs, bypassing the dominance of ASIC miners used for Bitcoin mining.
- Security Challenges: Bitcoin Gold experienced two major 51% attacks—in 2018 and 2020—resulting in significant double-spending incidents.
- Community-Driven Project: Bitcoin Gold was developed by six co-founders as a community-led initiative to offer an alternative to Bitcoin with enhanced decentralization.
- Adoption by Exchanges: BTG is listed on major exchanges such as Binance, Kraken, and Coinbase, making it easily tradable for global users.
- Focus on Updates: The project actively implements updates, such as the emergency 2020 update to address security vulnerabilities.
- Diverse Use Cases: BTG is used not only for trading but also for various blockchain-based applications, including decentralized finance (DeFi) projects and payments.
- Bitcoin Gold Blockchain: The network runs independently of Bitcoin, with its own set of nodes and governance structure.
- Philosophy of Decentralization: The cryptocurrency aims to return power to the users by decentralizing mining operations and promoting equal access.
CasinoLandia's Conclusion About Bitcoin Gold
Bitcoin Gold (BTG) stands as a significant alternative in the cryptocurrency space, offering decentralization by allowing anyone with a GPU to mine it, as opposed to Bitcoin, which is dominated by ASIC miners. Launched in 2017 as a hard fork of Bitcoin, it aimed to democratize mining and provide greater accessibility, aligning with the vision of a more decentralized blockchain ecosystem. However, its journey has been marked by both successes and challenges. While Bitcoin Gold’s price peaked at $498.44 in 2017, it faced sharp declines in the subsequent years, with notable drops in 2018 and 2019, which raised questions about its long-term sustainability. Despite these fluctuations, Bitcoin Gold has remained active, with recent years seeing efforts to improve security and update its protocol in response to attacks, such as the 51% attacks in 2018 and 2020.
From a practical standpoint, Bitcoin Gold offers a variety of use cases, including trading on major exchanges like Binance, Kraken, and Coinbase, where users can buy, sell, and trade BTG alongside other cryptocurrencies. It is also usable for online casino games, sports betting, and other crypto-based applications, providing an option for gamers and bettors who prefer cryptocurrencies for transactions.
Overall, while Bitcoin Gold may not have the same widespread recognition or high valuations as Bitcoin, it continues to be a noteworthy option for those seeking a more decentralized mining experience and a cryptocurrency with potential for growth. However, its price volatility and security concerns must be taken into account when considering it as an investment or payment method.
Author
Polina Dimova | Content Writer