GoMining: Bitcoin Mining Through Non-Fungible Tokens (NFTs)

In this review, we're taking a look at GoMining, a liquid Bitcoin hashrate protocol promising to lower the Bitcoin mining entry threshold.

GoMining is a platform that provides access to Bitcoin mining through non-fungible tokens (NFTs). The platform was founded in 2015 and has since sold over 50,000 NFTs, benefiting over 20,000 holders who own digital miners.

GoMining operates nine global data centers and uses its own equipment to mine Bitcoin. The company's goal is to make Bitcoin mining more accessible and profitable for everyone.

To start mining with GoMining, users can purchase an NFT on the primary or secondary market. The initial mining power of an NFT can be anywhere from 1 to 5,000 TH/s. Users can also choose to increase their mining power by purchasing additional power or optimizing their virtual miner’s energy efficiency.

Once an NFT is purchased, users can start mining Bitcoin the next day. Rewards are paid out daily in BTC and can be withdrawn at any time.

In addition to solo mining, GoMining also offers pool mining. With pool mining, users can collaborate by joining a virtual mining pool or establishing one themselves. Teams that effectively mine a block receive larger rewards, which are then distributed among all pool members according to computational power contribution. However, rewards are issued only if the pool is successful.

GoMining also has its own native token, called GOMINING. The token is used for crypto-asset management and authentication within the GoMining ecosystem. It serves as a governance token that grants holders the ability to participate in platform decision-making processes and influence the direction of the platform's development.

The concept of Liquid Bitcoin Hashrate emphasized on the platform is inspired by Liquid Staking Tokens (LSTs), which enable users to stake their assets in Proof of Stake (PoS) networks while retaining liquidity. Here, LBH represents Bitcoin hashrate, allowing users to own a non-fungible token reflecting their hashrate position while mining operations occur in data centers.

Moreover, GoMining users have the option to purchase NFTs using fiat currencies or cryptocurrencies like USDT, BTC, and GOMINING. Those interested in exploring the platform further can also utilize a free 7-day NFT trial to gain hands-on experience before making any commitments.

Overall, GoMining is a user-friendly and accessible platform for anyone looking to get started with Bitcoin mining. With low entry thresholds, daily rewards, and a wide range of mining strategies, GoMining caters to the diverse needs of both beginner and experienced miners alike.