Tuesday, 3 October 2023

Crypto Mining News

Bitcoin mining is for the people, thanks to GoMining

Bitcoin mining is for the people, thanks to GoMining

Bitcoin mining is one of the best ways to support and participate in the network and earn BTC. However, for most people, it is not easy to get started. Bitcoin mining’s barrier of entry continues to remain high, as the financial investment, technical knowledge, and active maintenance required are all too difficult for most people to enter the space.

Yet, that is all changing thanks to an incumbent bitcoin mining company, GoMining.

What is GoMining?

At its core, GoMining is a bitcoin mining company whose mission is to make bitcoin mining easy and available to everyone. Through their GoMining NFT and GOMINING token, anyone can invest in bitcoin mining without the hassle of needing physical mining equipment.

It’s thanks to a concept GoMining pioneered called Liquid Bitcoin Hashrate (LBH). LBH is the idea that the computing power of bitcoin miners can be tokenized into digital assets. As tokens, LBH can then be utilized among DeFi ecosystems for buying, selling, borrowing, and lending.

GoMining has successfully implemented the LBH token concept on the GoMining NFT, an NFT that displays a mining rig with unique computing power and energy efficiency. Currently, there are over 2,000 unique NFT holders, who have received more than 2,000 BTC through the last two and a half years.

As more GoMining NFTs are sold, GoMining builds more hash power, and, subsequently, earns more Bitcoin for all token holders.

Most recently, GoMining released their latest tokenomics on the GOMINING token. Let’s learn more about the GoMining ecosystem, diving into the NFT, the token, and wrap up with GoMining’s roadmap.

The GoMining NFT

The GoMining NFT is a unique kind of digital asset, as it’s an NFT that is directly tied to GoMining’s bitcoin mining equipment. Each NFT has two traits: hash power (TH/s), and energy efficiency (W/TH).

Hash power is simple. The more terahashes (TH/s) your NFT has, the more Bitcoin you earn per day. Energy efficiency works the opposite way. The lower your watts per terahash (W/TH), the cheaper the energy cost is to mine.

More TH/s = More BTC. Lower W/TH, lower costs.

GoMining currently has four NFT collections, with their latest being the Khabib NFT, a collaboration with the MMA legend, Khabib Nurmagomedov. The collection showcases artifacts across Nurmagomedov’s iconic rise to fame, and all of the NFTs sport 29 TH/s of computing power, the same number of victories in his career.

Anyone can explore the many GoMining NFTs on the GoMining…

Click Here to Read the Full Original Article at Cryptocurrency Mining News | CryptoSlate…