Their new tokenomics is confusing, but very thrilling and astonishing!
First, I cracked my head over the overall concept. I mean, I couldn't understand how these guys created and what is more important - implemented this burn & in cycle, specific votes and so on.
Afterward, I got this idea and realized that it's a good opportunity to earn some money. You jsut need to lock tokens on a particular period, then these tokens are getting through burn & mint cycle, then there are quickl calculations and you are rewarded prorptionally to your voting power. Awesome.
There are not many reviews of GoMining and I think two are the main reasons for that. First, because it is a relatively new project, and second because is more complex to understand compared to other new crypto projects.
The offer for virtual bitcoin mining caught my attention, and I must say I explored thoroughly the peculiarities of the projects and their tokenomics. Hence, I am willing to share my opinion.
Let me start with one misunderstanding. At first glance, you might think it is kind of a cloud-mining, an existing offer in the crypto world, but it has nothing in common. I am saying this because the cloud-mining is doomed to fail because of its lack of transparency and many disappointed investors.
The company has a physical mining infrastructure and a couple of data centres. They have created an innovative and unique solution - the Liquid Bitcoin Hashrate (LBH), which basically is a token that represents a mining hashrate. The LBH token is represented as NFT with a certain mining power and energy efficiency. These parameters create your mining hashrate, or with a mundane vocabulary - you share the daily mined bitcoin.
You can manage your assets, wallets and collections through a special personal area. I found it convenient.
GoMining is a digital mining platform that offers multiple ways to earn Bitcoin and leverage exposure to it via a user-friendly ecosystem powered by the GOMINING utility token. This ecosystem’s key offerings include digital miner collectibles linked to real Bitcoin mining power and a competitive GameFi mining experience in the Miner Wars game.
What are Digital Miners?
Digital Miners are GoMining’s flagship product, offering an easy and efficient way to mine Bitcoin. Backed by real-world datacenter hashrate and cutting-edge mining hardware, these digital assets work similarly to a call option in finance: users pay the cost to mine Bitcoin (the ‘strike price’) and keep any profits if Bitcoin’s value exceeds this cost. Thanks to access to advanced equipment and wholesale electricity rates—further reducible by up to 20% with the GOMINING token—production costs rival those of large-scale industrial miners. This accessibility and efficiency make GoMining’s Digital Miners a reliable, scalable, and globally available method to leverage long-term Bitcoin potential.
What is Miner Wars?
Miner Wars is a GameFi, blockchain-based game launched by GoMining in September 2024, offering players an engaging and competitive way to compete for Bitcoin (BTC) and GOMINING payouts. GoMinig mimics how blocks are being solved on the actual blockchain, where ‘Clans’ (groups of players pooling their digital miners’ power) compete to solve blocks. Adding to the strategic depth, players can use Boosts to enhance their scores during each round.
What is the GOMINING token?
GOMINING is a utility token that powers the GoMining ecosystem. Directly tied to real mining operations, it also offers a way to leverage Bitcoin. GOMINNG provides up to 20% off digital miner maintenance fees for GoMining users, which boosts token demand as our community grows (currently owning over 1% of global BTC hashrate). With a deflationary model that permanently burns part of maintenance fees paid in GOMINING each week, and over 30% of the supply locked in governance for an average of two years, GOMINING’s scarcity and value are positioned to steadily increase. This makes GOMINING a Bitcoin derivative designed to amplify Bitcoin’s growth within its dynamic ecosystem. GoMining’s suite of innovative Bitcoin leverage products offers a unique way for both experienced crypto users and newcomers to benefit from Bitcoin’s growth, helping to drive its mainstream adoption.
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- Sitejabber’s sole mission is to increase online transparency for buyers and businesses
- Sitejabber has helped over 200M buyers make better purchasing decisions online
- Suspicious reviews are flagged by our algorithms, moderators, and community members