By
Tolu Ajiboye
April 23rd, 2024
Getting started is an easy affair for everyone, and prospective GoMiners will need to acquire GMT tokens from one of the many exchanges that currently support it.
A review of innovative mining protocols such as GoMining (GMT) is crucial as the platform presents one of the many ways to earn money through Bitcoin and Ethereum in today’s digital currency world. Cryptocurrency mining has become a central theme that many retail and institutional investors are exploring avenues to get in on the game. However, most people’s desires are typically met with economic strain as the cost of getting a mining rig is often beyond the reach of many people.
GoMining protocol and its GMT token power a social mining infrastructure and are backed by real assets that bring in constantly growing daily BTC earnings to its owner. While the token’s utility is primarily centered on income regeneration through Bitcoin (BTC) mining, there are plans to roll out additional capabilities in the near future.
Quick Facts About GMT Token and Its Bitcoin Generation Model
There are two major forms of validating transactions on the blockchain today, and this includes the Proof-of-Work (PoW), and Proof-of-Stake (PoS) consensus models respectively. The most popular is the PoW through which Bitcoin is mined, and GoMining, backed by its computing resources, is helping to lower the barriers to entry for everyone holding the GMT token. The GMT token allows mining on a daily basis and offers a better alternative than cloud mining as it has no time barriers.
Drawing on its primary mining offering, the income accrual models of GoMining are also a major feature that distinguishes the GMT token. New mining equipment is introduced each week, a development which helps increase the computing power that is deployed into mining. In addition, a periodic token burning event involving 20% to 90% of every newly issued token is carried out. Effectively, these token burning helps to increase the valuation of the existing tokens held even in private retail wallets around the world.
A major concern that borders around PoW mining operations is the damage to the environment as caused by high energy-consuming mining rigs. GoMining has a functional solution to this challenge as its data centers are powered by renewable energy sources. Over the coming years, the team plans to switch its operation to completely sustainable energy sources and lower its Carbon footprint dramatically.
It is worth mentioning that the GoMining protocol is audited by CertiK, and has been legally declared to be a utility token. The underlying uniqueness and revolutionary tendencies of the token have drawn support from industry heavyweights including Trezor and Ledger Hardware Wallets, two of the biggest cold storages that can be used in safeguarding the tokens. GoMining has also earned good reviews from top digital currency-focused YouTubers such as Cryptosrus and Crypto Love.
Undefeated UFC champion Khabib Nurmagomedov is also an official ambassador for GoMining and the GMT Token. The collaboration has a major focus, to lend more credence, bring transparency and understanding to the project, and blockchain protocols as a whole.
Review on Getting Started with GoMining
Getting started is an easy affair for everyone, and prospective GoMiners will need to acquire GMT tokens from one of the many exchanges that currently support it. At present, there are about 7 centralized exchanges and 4 decentralized exchanges where anyone can purchase the tokens, the complete list can be obtained from the GoMining platform.
With the purchased tokens, the users will need to sign-up to own an account on the GoMining platform, and enter Bitcoin addresses for which they wish to receive their daily earning rewards. Thereafter, users can purchase their desired contract through a simple interface that will be displayed on the dashboard. The mining contract is customizable with no minimum amount needed to get started.
Users can reach out for all inquiries pertaining to the protocol on the GoMing Telegram page.