How to Mine BTC with GoMining: A Beginner’s Guide
Bitcoin mining is the process of securing the network and creating new bitcoins by solving complex mathematical problems. It requires specialized hardware, high electricity costs, and technical skills. However, there is a way to mine BTC without buying and maintaining expensive equipment. It’s called GoMining, a liquid bitcoin hashrate protocol that lets you own a BTC hashrate with NFTs and tokens. In this article, I will explain what GoMining is, how it works, and how you can benefit from it.
What is GoMining?
GoMining is a platform that connects professional miners with end-users who want to mine BTC. You can buy a hashrate NFT that represents a share of the physical mining equipment and receive BTC payouts every 24 hours. You can also use your hashrate NFTs in DeFi protocols for borrowing, lending, and farming purposes. You can also trade them on secondary markets.
How does it work?
To mine BTC with GoMining, you need to do the following steps:
- Connect your wallet to the GoMining UI/UX and prove ownership of the NFT. You can use any Ethereum-compatible wallet such as MetaMask.
- Register a BTC address to receive payouts. You can use any BTC wallet that supports SegWit addresses.
- Pay electricity fees (maintenance) to the service provider on time. You can use GMT tokens, the native token of the GoMining platform, to get discounts on electricity fees.
- Mined BTCs are distributed every 24 hours. You can check your balance and history on the GoMining dashboard.
What are the benefits of GoMining?
There are many benefits of using GoMining to mine BTC, such as:
- You don’t need to buy or maintain expensive hardware. You can save money and time by outsourcing the mining infrastructure to professional miners.
- You don’t need to worry about security or environmental impact. The service providers are responsible for ensuring the safety and sustainability of the mining operations.
- You can use your hashrate NFTs in DeFi protocols. You can leverage your NFTs as collateral for borrowing stablecoins, which you can use in farming strategies and provide additional income. You can also lend your NFTs to other users and earn interest.
- You can trade your hashrate NFTs on secondary markets. You can buy or sell your NFTs at any time, depending on the market conditions and your preferences.
What is the GMT token?
The GMT token is the native token of the GoMining platform. It has three main functions:
- It gives you discounts on electricity fees. You can use GMT tokens to pay for electricity fees and get up to 50% discounts, depending on the amount of tokens you hold.
- It gives you governance rights for protocol management. You can use GMT tokens to vote on proposals that affect the development and direction of the GoMining platform.
- It gives you yield as a reward for governance. You can stake your GMT tokens on the GoMining platform and earn BTC rewards proportional to your stake.
How can you get GMT tokens?
You can get GMT tokens in several ways, such as:
- Buying them on exchanges like Uniswap, PancakeSwap, or Gate.io.
- Staking them on the GoMining platform and earning BTC rewards.
- Locking them in the ve token model and getting more voting power and yield.
- Participating in airdrops and campaigns organized by the GoMining team.
Why should you join GoMining?
You should join GoMining because it’s the future of bitcoin mining. It’s a liquid, decentralized, and sustainable way to mine BTC and participate in DeFi. It’s also a great opportunity to earn passive income and support the network security. Join us today!
If you want to learn more about GoMining, visit their website https://gmt.io/ or follow them on Twitter @GoMining_token #GoMining
