What is Bitcoin Gold?

The purpose of Bitcoin Gold is to make mining on commonly available graphics cards economically viable. The project aims to decentralize mining by making it accessible to individuals in 2017. Since 2024, Bitcoin Gold has started to merge back to Bitcoin, making the application Big Bang. The project's primary goal is to address issues related to mining centralization and the dominance of Application-Specific Integrated Circuits (ASICs) in the mining process.

Bitcoin Gold uses the Equihash-BTG proof-of-work algorithm, which allows for mining using common graphics processing units (GPUs) rather than specialized ASICs. This approach is intended to decentralize and democratize the mining process, making it more accessible to individuals and smaller operations. Bitcoin Gold can be accessed on various platforms, including swap services and wallets, and is supported by several online browsers and service providers.

Bitcoin Gold differentiates itself from competitors by using a new proof-of-work algorithm called Equihash, which can be performed by common Graphics Processing Units (GPUs), making it accessible to individual miners. This approach is intended to democratize and decentralize the mining process, making it more accessible to individuals and smaller operations.