Bitcoin mining in the post-halving era is facing challenges, leading to a decline in income for miners and a decrease in mining difficulty. However, there is cautious optimism for the future. Mark Zalan, the CEO of GoMining, believes that Bitcoin will rebound in the coming months and remains optimistic about its long-term prospects.
GoMining has a unique approach to making Bitcoin mining more accessible and affordable. They tokenize the computational power and energy efficiency of their mining equipment and associate those tokens with special NFTs. Holding a GoMining NFT gives users ownership of real shares of Bitcoin mining power that generate daily mining rewards.
What sets GoMining apart is that their NFTs represent a share of the “liquid Bitcoin hash rate” or LBH, instead of being tied to a specific mining machine. This offers users greater flexibility, allowing them to upgrade their share of hashing power or energy efficiency to optimize their returns. They can also resell their LBH NFTs on GoMining’s marketplace or other popular platforms for added liquidity.
Transparency is a key aspect of GoMining’s reward system. Rewards generated by the entire mining pool are shared proportionally based on the user’s NFT share of the total hashing power, minus maintenance and service fees. Users can choose how they receive their rewards, whether it’s daily, monthly, or at any other interval they prefer.
GoMining provides real-time information to users through their partnership with Binance mining pool. Users can access details about rewards, hashing power, and how their NFT contributes to that power on both GoMining’s website and the Binance platform. The company also partners with Bitmain, a manufacturer of crypto mining servers, and the Bitcoin Mining Council.
In addition to their NFTs, GoMining has introduced the GOMINING token as a settlement mechanism within their ecosystem. Users who pay their daily maintenance and electricity fees with GOMINING receive a 10% discount, encouraging long-term participation in the platform’s growth. The token plays a central role in fostering a healthy ecosystem by circulating value and providing benefits to participants through staking rewards and voting rights.
GoMining operates nine data centers designed for Bitcoin mining in different countries, with a combined processing power of 2.5-3 exabytes. They strategically select locations with favorable regulatory environments and excess power generation to ensure stable and consistent energy supply.
According to Zalan, regions such as North America (especially Canada), Scandinavian countries, and the Middle East are well-suited for Bitcoin mining due to their abundant renewable energy resources and diverse power generation options.
In conclusion, GoMining remains optimistic about the future of Bitcoin and continues to invest in infrastructure, find new locations, and upgrade hardware to make mining more efficient. They believe that Bitcoin’s value and adoption will continue to grow, making it a profitable business for years to come.