Is GoMining Legal? BTC Mining Platform Review

When Bitcoin first hit the market, mining the first cryptocurrency with your home computer was a great way to earn extra money. But as BTC’s popularity has grown over the years, costly barriers to entry and the sheer number of players vying for the opportunity to mine the next block have driven smaller enthusiasts away, leaving only large companies and large mining pools left.

GoMining, a major mining company, has introduced an innovative solution for individual participants to remain involved in the mining process by connecting computing power to a real-world asset (RWA). Whether you’re a seasoned crypto enthusiast or taking your first steps into exploration, GoMining has provided a simple solution for every level.

For over six years, GoMining has been a leading mining company operating nine data centers in different countries where the number one cryptocurrency is mined. They introduced the concept of the Liquid Bitcoin Hashrate (LBH) protocol, which acts as an intermediary between the actual computing power generated by physical data centers around the world and NFTs backed by a share of Bitcoin hashrate. This allows NFT holders to participate in the mining process without the complications and expenses of owning a Bitcoin mining farm.

NFT Miners

For those still wondering what Bitcoin mining is, it is the process in which a block of information on the blockchain is verified and new Bitcoins are produced as a reward for verifying this block. Since owning, operating, and maintaining a physical computer to complete this process is expensive and time-consuming, GoMining found a way to mine BTC by simply holding an NFT.

Purchasing an NFT miner allows one to own a share of the computing power produced by real Bitcoin miners. In other words, every NFT from GoMining is powered by real mining equipment located in one of nine data centers around the world that has over 99% mining uptime and will mine BTC for NFT holders.

Each NFT depends on two key characteristics: computing power (measured in terahashes per second, or TH/s) and energy efficiency (watts per terahash, or W/TH). Both features affect the volume of future rewards, and NFT holders have the flexibility to upgrade them to increase mining rewards, which are paid out in BTC daily. They can also be upgraded to reduce electricity charges under BTC or native GOMINING token.

There is a wide range of collectibles to choose from as an NFT miner, including exclusive collaborations with famous personalities like The Khabib Collection with MMA superstar Khabib Nurmagomedov. NFTs can be purchased on both the primary and secondary market or the OpenSea marketplace. A wide variety of payment methods are available to purchase an NFT, including USDT, BTC, GOMINING token, as well as fiat via card from many regions around the world.

Boosting Your NFT and ROI

After acquiring an NFT miner, its owner always has the option to upgrade his NFT and increase the reward amount by purchasing additional power or optimizing energy consumption. Like the initial purchase of the NFT, upgrades can be purchased by card with USDT, BTC, GOMINING token, or fiat. Before purchasing, a user-friendly mining calculator can be consulted to estimate the profitability and return on investment of the upgraded miner. Users can determine in advance whether the upgrade will bring a return on investment that they think is worth purchasing.

Earning Strategies

There are two main strategies where you can earn money from mining with GoMining: Solo and Pool. Solo Mining is the most stable and predictable way to earn. A person only needs to own one NFT coin and BTC will be mined daily. Solo mining rewards are easily predictable and distributed proportionally to the user’s computing power. Since NFT miners represent a portion of direct computing power, the higher the power of NFTs you own, the more rewards you will receive.

In the case of Pool Mining, users can enter a virtual mining pool or organize their own pool to mine BTC as a team. Rewards go to teams that successfully mine a block, and just like in a regular mining pool, they are then distributed among all pool participants according to their contribution in terms of computing power. Pools must compete to mine a block.

With the pool mining strategy, users have the unique opportunity to join a community of like-minded individuals and even collaborate to collectively compete for the chance to mine the next block. If their pools are successful, the rewards can be significantly higher than those received by solo miners.

Users can also influence the distribution of additional benefits through GoMining’s staking and voting mechanism and GOMINING. In addition to earning rewards, GOMINING holders can also decide how GoMinging Rewards will be distributed, such as Pool Mining multipliers, additional discounts for solo miners, or increasing the power of GoMining NFT collections.

Rewards and Withdrawals

Mining rewards are uncomplicated on the platform as they are paid daily directly to an internal wallet or any external wallet as per the NFT owner’s preference. It is important to note that withdrawing funds from an internal wallet requires a quick KYC procedure, as well as sending rewards directly to an external wallet.

The GOMINING token is required to cover electricity fees and staking, and can be used to purchase NFTs as well as their upgrades. GOMINING is traded on CEXs as well as numerous DEXs including PancakeSwap, Uniswap, HitBTC, Bitfinex, Gate.io and more.

Since GOMINING is available on both ERC-20 and BEP-20 chains, users can easily top up their accounts from any external wallet via direct transfer. Other ways to load money into one’s account include cryptocurrencies like BTC, ETH, USDT, Binance Pay, and Coinbase Pay. Users can also use debit or card, as well as Apple or Google Pay, depending on their region of residence.

Features of the Platform

The GoMining platform includes several features to help users, such as being available in 19 languages ​​and multiple regions around the world. There is also 24-hour live support from experts, an extensive knowledge base and FAQ sections. Here users can learn everything they need not only about the product but also about the mining industry itself. Since GoMining is available on desktop as well as any iOS and Android device via a convenient app, users can manage their mining operations from multiple devices.

Reputation

It’s understandable why users are hesitant to try new mining programs, as it’s not uncommon to hear stories about how platforms turned fraudulent. But unlike previous cloud mining projects that turned out to be scams, GoMining relies on its own physical mining structure as well as powerful and scalable tokenomics.

Hundreds of positive GoMining reviews written by real users can be found on both the App Store and Google Play. GoMining also has an “Excellent” rating on Trustpilot.

With numerous collaborations from both celebrities and organizations that include tier 1 exchanges, it is clear to see that GoMining is working to build a reputation that users can trust.

Solution

GoMining takes the simple concept of being able to profit from mining by getting a share of the computing power by owning an NFT and making it a reality. They also give enthusiasts the opportunity to interact with crypto in a new way by having NFTs represent RWAs and also receive daily rewards. Equipped with positive user reviews, an extensive history, and a versatile platform, GoMining is a compelling example of the future of Bitcoin mining.