Interest in Bitcoin has surged following the anticipated halving event in April 2024, with prices nearly doubling since mid-November 2023. Historical data shows that each past halving event has led to significant market growth in the following year. Meanwhile, Bitcoin’s mining sector reached a milestone with the total hashrate surpassing 600 EH/s for the first time, indicating a growing interest in the mining industry despite increasing mining difficulty.
The BTC mining space is characterized by high entry barriers, often preventing many enthusiasts from participating due to the prohibitive costs associated with setting up large mining farms. This has led to the dominance of large mining pools, making it challenging for smaller players to compete.
To address these challenges, the concept of Liquid Bitcoin Hashrate (LBH) was introduced by GoMining. This model offers a win-win solution for both large computing power providers and individuals looking to enter the market by tokenizing the produced hashrate, which is then reflected in a real-world asset such as an NFT, owned by an individual.
This innovative model simplifies operational processes for mining companies, freeing the real-world asset (RWA) owner from the complexities of setting up and maintaining a mining farm. In return, the mining company earns a commission for maintaining the physical equipment that supports the RWA, while securing significant investment inflows.
LBH distinguishes itself from other RWAs by exempting its owners from common legal issues associated with tokenized property ownership. Instead of owning the physical mining equipment, LBH asset owners benefit from the operational outcomes, avoiding numerous regulatory challenges related to physical property ownership and maintenance.
GoMining’s vision includes RWAs backed by real computing power, allowing owners to receive daily mining rewards. GoMining NFTs are characterized by two main ratios: computing power (measured in TH/s) and energy efficiency (W/TH), which influence the reward amount, providing a predictable process for those preferring a solo mining strategy. Owning an NFT miner serves as a virtual space where users not only learn the basics of crypto mining but also receive rewards in BTC or GoMining’s native token GOMINING for their learning efforts.
While NFTs mirror traditional mining, they offer advantages such as exemption from missing rewards unless they are extremely unlucky and the flexibility to manage their hashrate with just a few clicks, enhancing or acquiring additional NFTs. For those seeking a more interactive mining experience, pool mining options allow owners to join virtual pools to compete for block mining, with larger hashrate pools having a higher chance of success.
GoMining’s CEO, Mark Zalan, emphasizes the real value of the Liquid Bitcoin Hashrate concept lies in the synergy between the idea and its well-thought-out implementation. Supported by extensive experience and expertise in building and scaling mining infrastructure centers worldwide, GoMining’s nine data centers produce over 2.568.301 TH/s, forming the foundation for implementing the LBH concept. The company’s balanced financial model and tokenomics are also crucial, with a transparent, chain-regulated token distribution model that aligns the interests of all parties. GoMining’s primary goal is to redefine the mining sector with an open-door blockchain-based solution, backed by the trust of partners like Bitmain and the Bitcoin Mining Council and the support of its community.