Latest news with #GoMining
Int'l Business Times
2 days ago
- Business
- Int'l Business Times
Bitcoin Mining, Gamified: How GoMining Turns BTC Hashrate into Playable NFTs
The Bitcoin network has been inaccessible to most people since its inception, mostly because it operates as a domain for experts due to its complex nature. The path to becoming a miner includes three major challenges: purchasing costly equipment, learning technical operations, and finding affordable power sources. The current state of the industry has created a barrier that separates a vital segment of the crypto economy from the rest of the enthusiasts who want to participate. GoMining answers that question by changing the terms of engagement. With a significant footprint built over eight years, including 3.5 million users and a network of data centers with over 8.3 million TH/s of mining power, the platform is moving beyond the traditional model. Instead of asking users to become hardware experts, GoMining is transforming mining into an interactive digital experience. From hardware to digital miners The GoMining ecosystem is built around NFTs that represent a real-world share of Bitcoin mining hashrate called "digital miners." Instead of purchasing physical machines or navigating unclear cloud mining contracts, users acquire digital miners that generate daily Bitcoin rewards. In short, GoMining turns a complex industrial process into the ownership of a digital collectible with tangible utility by tokenizing hashrate. Each NFT is backed by a specific amount of computing power, ranging from 1 to 5,000 Terahashes per second (TH/s). Holders can upgrade their digital miners' hashrate and energy efficiency with a few clicks, simulating the experience of scaling a mining operation without the logistical friction. The daily Bitcoin yield from these NFTs is delivered directly to a user's chosen wallet, internal or external. Gamifying The Bitcoin Mining Experience GoMining reinvents the mining experience through gamification. The platform's dashboard equips users with a real-time interface to keep an eye on their BTC yield and NFT statistics, converting passive hardware ownership into active engagement. Users make decisions that directly impact their returns, such as picking a mining pool to join. Akin to selecting a faction in a strategy game, this choice affects the potential rewards. The ability to merge and upgrade NFTs creates a dynamic economy where users continually optimize their assets for better performance, adding another layer of interaction. Making the complex economics of mining both understandable and engaging, this gamified layer offers the psychological incentives of progression and achievement while being directly tied to real-world Bitcoin earnings. A Brief History of Gamified BTC Mining After years of strategic development, the company issued the GOMINING token and secured listings on major decentralized and centralized exchanges in 2021. The year laid important groundwork for establishing a public presence, including ambassadorships with figures like Khabib Nurmagomedov. 2022 saw the core product take shape with the first digital miner collection's release and the GoMining mobile app's launch. That year, the company focused on building the user-facing infrastructure, including an in-house payment gateway and the introduction of GOMINING token payments for services. By 2023, the project had achieved significant scale. The digital miners were listed on Binance, a new tokenomics model was introduced, and a crucial partnership with hardware producer Bitmain was formed. The company's hashrate grew exponentially, surpassing 3,000,000 TH/s with the launch of a new 50 MW data center. The expansion continued through 2024 and 2025. The platform acquired a $3 million investment from Bitscale Capital, obtained legal opinions for operations in the US and South Korea, and received a crypto license in the EU. The hashrate of the project jumped to 8,400,000 TH/s. Building a Bitcoin-Centric Ecosystem Gamified NFT miners form the base layer of a much broader strategy. GoMining is constructing a multifaceted ecosystem centered on Bitcoin, with its native GOMINING token serving as the economic backbone. Available on Ethereum, Solana and Binance Smart Chain (BSC), the token is used for digital miner NFT purchases, upgrades, and settling electricity fees, with users receiving a 10% discount if they choose to do so. Users can stake GOMINING for up to four years to earn yield and vote on important project decisions. The deflationary mechanism of GoMining's token, which involves community-regulated token burns and emissions, is designed to reduce circulating supply and align long-term incentives between the project and its users. This foundation supports an expanding suite of products. Miner Wars is a prime example of this gamified expansion. The game invites players to form clans and compete in timed rounds synchronized with the discovery of new Bitcoin blocks. Success within these 10-20 minute rounds depends on the cumulative hashrate of a clan's members, who can use boosts and other strategic elements to increase their score. Transforming mining into a collaborative and strategic contest, Miner Wars organizes clans into competitive leagues and rewards winners with BTC, adding a dynamic competitive layer. The future roadmap for GoMining includes a launchpad for new BTCfi projects to further integrate the GOMINING token and leverage its growing community. In addition, GoMining has developed a strategic capital division, GoMining Institutional to cater to larger-scale participants. A $100 million Bitcoin mining fund from GoMining Institutional offers annual distributions from mining yield for institutions. The Bigger Picture: Onboarding the Masses to Mining GoMining's strategy mirrors a bigger trend in the crypto industry: making complex financial systems more accessible. It aims to lower obstacles such as high capital requirements, operational expertise, and access to cheap power that have limited Bitcoin mining to a specialized few. GoMining opens up a more approachable entry point as it virtualises the physical infrastructure into a tradable digital asset. The model converts the industrial element of hashrate into a digital component of a game-like economy. The community's rising engagement points to a strong appetite for this approach. GoMining presents a compelling case study on how gamification can onboard a new generation of users to one of crypto's most fundamental activities.
Yahoo
13-06-2025
- Business
- Yahoo
GoMining wants to make Bitcoin mining liquid, tradable, and rig-free
GoMining wants to make Bitcoin mining liquid, tradable, and rig-free originally appeared on TheStreet. GoMining lets users mine Bitcoin without ever touching a rig. Instead of buying physical hardware, users purchase digital miners—NFTs backed by real hash power from GoMining's data centers. Each miner is unique, customizable by efficiency and size, and fully owned on-chain. By using NFTs rather than traditional tokens, GoMining gives miners the ability to upgrade, trade, and scale their assets—transforming what was once a static process into something dynamic and liquid. 'Most people think NFT, they think it's a JPEG,' says Jeremy Dreier, Chief Business Development Officer at GoMining. 'But it's the underlying technology that allows each individual miner to have ownership over a specific amount of hash power—and every miner is unique.' Miners vary in power, ranging from 1 to 5,000 terahash, and users can choose between different energy efficiency levels. According to Dreier, NFTs were the only token format that made sense for such non-identical, customizable assets. 'The best technology to represent that in a tokenized form is an NFT,' he explains. 'They represent real-world assets—our data center hash power—and allow for true ownership and transferability.' But GoMining isn't just relying on NFTs. The company also operates a utility token that powers the ecosystem, offering users discounts, upgrades, and access to a peer-to-peer miner marketplace. 'When users pay for power and maintenance with the GoMining token, they can get up to a 20% discount,' says Dreier. 'They can also use it to upgrade their miners and make them more efficient over time.' GoMining's marketplace allows users to buy and sell digital miners freely—creating secondary liquidity and flexibility rarely seen in the mining space. 'You're not reliant on hardware life cycles anymore,' Dreier adds. 'It opens up a whole new model for entering and exiting Bitcoin mining.' With deflationary tokenomics and NFTs as digital hardware, GoMining is merging DeFi mechanics with Bitcoin infrastructure—making mining more flexible, more liquid, and a lot more user-friendly. GoMining wants to make Bitcoin mining liquid, tradable, and rig-free first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
