Heard about the Bitcoin hard fork called Bitcoin Gold? Want to know how to get free Bitcoin Gold? This article is for you. What an exciting time it has been for Bitcoin and its about to get a lot more interesting. We saw the first major hard fork come roughly 9 weeks ago when hard forked from the original Bitcoin chain and now we are about to see two more come our way. First will be Bitcoin Gold and there will be another with SegWit2x coming in November.

What is Bitcoin Gold? Bitcoin Gold is going to be a new cryptocurrency that will be a fork of the original Bitcoin. The Bitcoin Gold project is headed by Jack Liao, the CEO of the Hong Kong-based mining equipment manufacturing company,.

The goal of Bitcoin Gold is to make Bitcoin mining more democratic. Right now the majority of the Bitcoin mining is done with large mining farms held by a few companies. One of those companies, Bitmann, is also the creator of the world’s fastest ASIC miners. This puts an enormous amount of power in their hands. This is what Jack Liao wants to get away from. Bitcoin Gold allows anyone with a GPU to mine Bitcoin Gold.

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. More How To Bitcoin Gold BTG Mine For Free videos. Mining Bitcoin BTC For Beginners 2018.

That means home computers or dedicated can now be used to mine. How Is Bitcoin Gold different?

The biggest difference is, of course, Bitcoin Gold will be GPU minable. But there are few other differences. • BTG will be based on Equihash and not SHA-256. • BTG will have inbuilt replay protection. • BTG will have a variable difficulty that will change per block and not every 2 weeks.

• BTG will have a pool of pre-mined coins for 16,000 blocks. How to Get Free Bitcoin Gold Whenever a hard fork occurs, the new chain is an exact duplicate copy of the original chain up to a certain block. So for Bitcoin Gold, all of the blocks up to 491,407 within the chain are exactly the same as Bitcoin. That means all of your Bitcoin stored within the original chain are duplicated within the new chain. So that means if you had 3 Bitcoin prior to the hard fork, you will have 3 Bitcoin and 3 Bitcoin Gold after the hardfork! You will gain 3 Free Bitcoin Gold!

With the last hard fork Bitcoin Cash, almost all the major exchanges supported the hard fork to begin with. Therefore one simply needed to have Bitcoin held with a supported exchange and they took care of the work.

Users work up one day and saw a new wallet with equal amounts of Bitcoin Cash. With Bitcoin Gold however, there is little support from the major exchanges. But not to worry, it is very simple to get free Bitcoin Gold. All you have to do is make sure you have all of your Bitcoins in a wallet where you control the private key. Then after the hard fork, you simply export out your private key and import it into a Bitcoin Gold wallet. There is no time expiration for this, you can do it a month from now, six months from now or six years later. You will always have access to your free Bitcoin Gold as long as your Bitcoin stored in a wallet which allows you to export out your private keys before the hard fork happens.

So which wallets support exporting of your private key? Two of the wallets I recommend within the page does. The and the Ledger already came out and said to simply hold your Bitcoin within your Ledger Nano S wallet. They will take care of the rest. Exodus has said that they are not working on integrating Bitcoin Gold at this time however they instruct you on how to export out your private keys. Read the statement and instructions.

If you want to get free Bitcoin Gold, do not store your Bitcoins in Coinbase or any other exchanges that have not come out and said they will support it. Since the exchanges control your private key, you do not have the ability to claim Bitcoin Gold if they ultimately decide not to support Bitcoin Gold. The Future of Bitcoin Gold It is too early to tell if Bitcoin Gold is going to be a success. Ultimately it can just become another altcoin in the sea of cryptocurrencies.

Only time will tell if it rises to the top or if it simply falls out of existence. The good thing is, no matter what happens you are entitled to get free Bitcoin Gold simply by having Bitcoin in the right wall before the hard fork. If you are looking to buy Bitcoin before the hard fork, check out the. Even if you miss out on Bitcoin Gold, there is another hard fork coming up shortly in November when Segwit2x Bitcoin hard forks off into a new chain.

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.

7.950x 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 7.950 Views • 2 1.710 Views • 3 1.537 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. 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.