Bitcoin mining from home used to be easily accessible, but the industry has changed significantly over time. With the increase in BTC price and Bitcoin Halvings, competition among miners has intensified. Building a mining rig now requires a significant investment, and mining rewards will be halved again in the 2024 Bitcoin Halving. Experts predict that players who can’t adapt to the post-Halving era will struggle due to high electricity costs. Traditional mining methods are no longer viable for average users, which is where Web3 innovation comes in.
GoMining, a global Bitcoin mining company, offers a solution to lower entry barriers and make BTC mining accessible to individuals worldwide. They use nonfungible tokens (NFTs) as a critical component of individuals’ mining rights. Through the Liquid Bitcoin Hashrate (LBH) protocol, GoMining gamifies BTC mining by attaching mining power to NFTs. Users can purchase an NFT from the platform, which represents their ownership of Bitcoin mining capacity, and start earning mining rewards immediately.
The platform uses GOMINING as its native token, available on Ethereum and BNB Smart Chain networks. GOMINING tokens are used for various on-platform payments, including NFT purchasing and electricity fee discounts.
GoMining offers a user-friendly experience for mining BTC. Users can select their desired computing power and energy efficiency rate to start mining or purchase digital miners from GoMining’s secondary market or external marketplaces. NFTs can be upgraded to increase computing power and energy efficiency, allowing users to scale their output easily. Mining rewards are delivered daily to the holder’s preferred wallet.
To address energy consumption concerns, GoMining ensures access to low-cost electricity and highly efficient mining devices. Users can access electricity for as low as $0.05 per kWh, and the company constantly updates its equipment to keep up with the latest technology. GoMining prioritizes environmentally friendly practices and collaborates with companies like Bitmain to utilize energy-efficient devices.
GoMining’s innovative solution aims to keep the mining industry open to individuals who want to participate in Bitcoin mining and be rewarded for their contributions. By leveraging NFTs and the Liquid Bitcoin Hashrate protocol, GoMining provides a promising avenue for democratizing access to Bitcoin mining.
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