Bitcoin (BTC) stands out among other digital assets because of its unique mining process. This process involves a decentralized network of high-tech equipment that validates transactions and produces new BTC. However, it has become increasingly difficult for individual users to participate in BTC mining due to high hardware prices, scarce cheap electricity, and reduced rewards from the Bitcoin halving in 2024.
Fortunately, there is a solution for individual users who want to contribute to Bitcoin mining and be rewarded for their efforts. GoMining, a global Bitcoin mining company with data centers worldwide, has developed an innovative approach to lower the entry barriers to the mining ecosystem. They allow users to attach BTC mining power to non-fungible tokens (NFTs), making it easier for anyone to join the mining community.
GoMining has years of experience in crypto mining and has developed a dedicated protocol called Liquid Bitcoin Hashrate. This protocol moves Bitcoin hash rate management on-chain on Ethereum and BNB Smart Chain. With this technology, GoMining offers a user-friendly and convenient way for individuals to manage BTC mining power through NFTs. Users can earn daily mining rewards and easily scale their mining power with just a few clicks.
The GoMining platform has a simple and clean interface, accessible through their website or mobile app available on iOS and Android. Users can log in using Web2 or Web3 login options and supported Web3 wallets. The dashboard provides all the necessary information in an easy-to-understand format.
Creating an NFT miner on GoMining is straightforward. Users can click the “Create Miner” button to generate an NFT miner and start mining immediately. The platform also offers options for upgrading NFT miners to improve energy efficiency or increase computing power. These upgrades can be done within the app, making it much simpler than managing a physical BTC farm.
GoMining has its native token called GOMINING, which can be used to purchase NFT miners. The platform incentivizes using GOMINING by offering a 10% discount on electricity fees. Users can stake GOMINING to participate in on-platform voting procedures and earn an annual percentage rate (APR). The deflation-based veTokenomics of GOMINING helps increase its price over time.
Users can easily manage their funds on the platform using the in-app wallet, which can be used for electricity fee coverage and transferring funds to external wallets on Ethereum or BNB Chain networks.
Once an NFT miner is purchased, it becomes operational and generates daily rewards in BTC. Users can track their accumulated rewards in the Rewards section and connect their external BTC wallet to receive the rewards. The platform also offers a marketplace where users can explore and trade unique GoMining NFT collections.
GoMining provides a simplified and accessible way for users to participate in Bitcoin mining without the need for expensive equipment or extensive knowledge. The platform offers a user-friendly interface for buying, upgrading, or trading BTC miners represented by NFTs. By attaching mining power to NFTs, users can earn daily rewards and have a real share of Bitcoin mining power, adding real-world value to their NFT collection.
As the interest in Bitcoin mining grows with the fourth Bitcoin halving, GoMining provides a simplified gateway to the mining process with its innovative approach.