For many, entering the realm of Bitcoin mining has been an elusive goal, marred by high barriers to entry in terms of finances, technical know-how, and ongoing maintenance. However, GoMining, an established Bitcoin mining company, is changing this narrative. At its core, GoMining aims to democratize Bitcoin mining, making it accessible to everyone. Through innovative concepts like Liquid Bitcoin Hashrate (LBH), GoMining enables individuals to invest in Bitcoin mining without the need for physical mining equipment.
The LBH concept involves tokenizing the computing power of Bitcoin miners, creating digital assets that can be utilized in DeFi ecosystems for various purposes like buying, selling, borrowing, and lending. GoMining has successfully implemented this concept through their GoMining NFT, a unique digital asset displaying a mining rig with distinct computing power and energy efficiency. Presently, there are over 2,000 unique NFT holders who have collectively received more than 2,000 BTC over the past two and a half years.
With each sale of a GoMining NFT, the company augments its hash power, leading to increased Bitcoin earnings for all token holders. Recently, GoMining introduced their latest tokenomics for the GOMINING token, enhancing the utility and functionality of the token within the GoMining ecosystem.
The GoMining NFT is a special digital asset directly linked to GoMining’s Bitcoin mining equipment. Each NFT possesses two key traits: hash power (TH/s) and energy efficiency (W/TH). Hash power determines the amount of Bitcoin earned daily, while energy efficiency impacts the cost of energy required for mining.
GoMining currently offers four NFT collections, including the Khabib NFT, a collaboration with MMA legend Khabib Nurmagomedov. These collections commemorate Nurmagomedov’s remarkable career, with each NFT featuring 29 TH/s of computing power, mirroring his 29 career victories.
The GOMINING token, previously known as GMT, has undergone significant updates. This token now serves multiple functions, enhancing its utility:
- Discount Token Model: GoMining NFT owners can enjoy a 10% discount on all mining fees when paid with GOMINING, reducing operational costs and increasing daily Bitcoin earnings.
- Burn & Mint Process: GOMINING spent on mining fees is burned, while a smaller amount of newly minted GOMINING is redistributed to service providers, veGOMINING stakers, NFT holders, and the GoMining team.
- Vote-Escrow (ve): Users locking GOMINING to the veGOMINING contract gain governance rights and a share of rewards allocated to governance participants.
In essence, GOMINING becomes the driving force behind the GoMining NFT engine, growing scarcer over time. GoMining has set ambitious goals, aiming to account for 20% of the world’s BTC production within the next two years, equivalent to a capacity of 30,310,000 TH/s. With an already impressive 2 million TH/s achieved, the GoMining community, powered by GOMINING and the GoMining NFT, is well on its way to surpassing these targets and revolutionizing Bitcoin mining accessibility.