Those of us immersed in the world of Bitcoin know well that new mining methods don’t appear too often. CPU and GPU mining were the most widespread methods back when mining was a very niche hobby. The more attention it attracted, the more power was needed for efficient mining, so ASIC miners took the stage. Mining became more expensive yet more profitable as well. This is when bigger companies arrived to claim their share of the pie. What started as a hobby for a group of enthusiasts was now a whole business with services and specific offers. Cloud mining became a thing, it was a cheap alternative to traditional mining that, unfortunately, wasn’t always more lucrative. And then GoMining came up with a new solution — Digital Miners.
Isn’t it too late to mine Bitcoin?
Before we dive into digital miners and how they operate, we need to address the elephant in the market. Meaning the current situation around Bitcoin. Beginners today have their work cut out for them, mining is expensive as is, but every time the price goes up, mining equipment becomes pricier. Whenever the price settles, even the most excited Bitcoin enthusiasts lose faith in the coin.
This is why your mining decision should never be made based on wanting to get rich quickly. On the contrary, it’s a waiting game that sure requires timing, but relies heavily on patience. Price fluctuations happen and you gotta be ready for them but one thing is for sure – they are always temporary. It’s not too late to start mining because Bitcoin is still the cryptocurrency, it’s the most popular, the most lucrative, and it’s here to stay.
Technically, mining isn’t that simple: you have to get the equipment, set it up, consider all the costs, and so on. When you’re starting, it’s vital to select a method that would allow you to ease into the process both price- and difficulty-wise. That’s just what GoMining offers.
How does the app work
So what is this new mining method all about? GoMining offers digital miners. Its mechanic differs from most of the previously available methods. When you buy a digital miner, you are buying terahash for mining. A miner is essentially an NFT but instead of just representing an image or an audio track, it represents energy efficiency and mining power that’s tied directly to a physical data center. You can buy as many miners as you wish and build your own farm.
GoMining has its own set of data centers equipped with powerful ASIC miners, so when it comes to digital miners, you can choose or upgrade them as you please. There are basic miners and then there are collections. Those you have to track since collections are always limited. The Greedy Machines was the first digital miners collection and it remains the most popular and powerful to this day. Every week these miners’ power grows (depending on the community vote) so they bring more BTC to their owners. There are only 5000 of these miners and it’s not shocking that they’ve been sold out pretty fast. If you get lucky, though, you may still be able to catch one whenever an owner decides to sell.
There are also thematic collections, designed to celebrate locations or events, each has its own qualities and unique visual style.
After a user buys a miner, they don’t have to pay anything else, except the maintenance fee that’s deducted automatically from the user’s Bitcoin rewards.
Mining is available directly via the GoMining app. It has an intuitive UI, and after the registration, you can quickly navigate through the app and set up your own farm.
Earning strategies
The first question that comes to mind is how to earn with GoMining.
Before buying a miner, you can calculate your potential income by using the mining calculator. More expensive miners offer faster and better returns. But a clever strategy can help you make your money back and even earn way faster.
If we start with a medium investment (around $100) it takes us about a year to start making money. That’s why users also like to use all the available discounts.
- If you use GOMINING tokens to pay for the maintenance, you can save up to 20% and additionally get bonuses and rewards.
- There is a referral program: when you invite friends and they start using the platform (buying and upgrading miners) you get bonuses and discounts too.
- There is a discount for miner owners that the community votes on.
- If you log in every day and press the service button in the app, you can accumulate a discount of up to 3%.
Miners can be upgradedб so if you bought the most basic one, you can increase both its power and energy efficiency. If you time that well, you can upgrade the miner with a discount. And you can buy GoMiners – avatars that provide additional bonuses.
There are two ways to mine Bitcoin in GoMining. The first one is solo mining. You get as many Bitcoins as your farm’s power allows. The other way is Miner Wars by GoMining, it’s a play2earn game that allows users to win more. This method is probably better suited for more experienced farm owners. Users split into clans and compete against each other to mine the next block.
But that’s not all since miners aren’t the only way to earn within the GoMining ecosystem. The platform has its own native token – GOMINING. It can be locked or invested into a liquidity pool and bring additional profits to the user.
Knowing all this, you can easily develop a strategy that would help you earn more. Keep in mind that it’s hard to avoid upgrading your farm. The main thing is to keep looking at your income and seeing what works for you. Approximate income can be calculated after 5 days of using the Bonus Miner — the free one given to you in the beginning.
If at any point you decide that you’re done with mining or it proves less profitable than you expected, you can sell your miners. There is a marketplace where this can be done. And just as easily you can buy someone’s old miner with upgrades already installed.
That’s also another way users make money on the platform – they flip miners and sell them.
Rewards Mechanics
When you register in the ecosystem, a wallet is created for you in the app. There you can hold your rewards as well as GOMINING tokens. You can use this wallet to buy and exchange coins but mostly it serves as storage. In solo mining, you get rewards every day, in Miner Wars — every week. You can see the amounts in the app. The first reward appears after 24 hours of launching your first miner.
Usually, it’s withdrawing rewards that proves to be the hardest part, but GoMining makes that easier. Rewards automatically transfer to the wallet you connect to the app and you don’t need to pay any fees. For that to happen, your rewards must reach the minimum amount for withdrawal (approximately 0.0001 BTC). Bitcoins can be withdrawn on demand but that would require a fee.
Conclusion
The most attractive thing about GoMining is its affordability. You can start with a small investment and then, slowly upgrade your farm and increase your income. GoMining is an active company, they continuously announce new events and releases, they are active on social media, and, judging from the reviews, they are a trustworthy project that’s been around for a while.
By following the company news, you can stay ahead of the game and get a chance to receive prizes and even miners for free.
Still, you always have to remember why you are mining and what you are expecting. If you want to earn big, you have to invest big, if you want to play and just try mining — you can do that too. There are users who earn $1500 per day on mining and there are those who are still waiting to earn back the price of the miner.
It’s a waiting game that is made easier to use and navigate by GoMining. And now there are no barriers to mining Bitcoin. Even a small sum will grow as Bitcoin breaks the new record.
This news is republished from another source. You can check the original article here
