Bitcoin Gold opinions
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So far,1 of opinions have been recorded for Bitcoin Gold. These opinions are not investment recommendations but the community's perspective on Bitcoin Gold. Please do not make a purchase decision based on these Bitcoin Gold opinions.
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Bitcoin Gold opinion #1
Bitcoin Gold is a relatively young crypto currency and was released in the Bullrun Hype Phase of 2017 by a Bitcoin Hardfork as a standalone crypto currency.
Contrary to the Bitcoin based PoW (Proof of Work) algorithm AES-256, the consensus is found with the help of the Equihash Algorithm.
This algorithm excludes all ASIC (application specific integrated circuit) based miners, which are specialised in mining under AES-256.
In the beginning there was a great interest to have an alternative mining with the help of GPU or CPU.
Due to slow development due to the small number of developers, the initial interest has been steadily decreasing since 2017, which is therefore reflected in the market capitalisation and thus in the price itself.
Therefore I do not see any chance of survival in the long run because of the too low "use case" compared to the "competitors" of the crypto market.
To make matters worse, there have been negative headlines in the past regarding irregularities in mining.
As the coin is still listed in the top 75 of CoinMarketCap, these are of course available for trading at all major exchanges.