Digital mining is a relatively new method of Bitcoin mining. It combines several other methods and transforms them into arguably the most affordable mining tool. Today, we want to talk about digital mining and the project that advocates it – GoMining.
The Name Behind the Idea
When users first hear about GoMining, they attempt to research it. And as they do, they inevitably come across a review titled “GoMining is the best” and one that says “GoMining scam”. But to truly comprehend digital mining, it’s important to first understand how it works. Digital mining is based on digital miners – a representation of an ASIC miner. A digital miner is essentially an NFT that shares characteristics with a physical miner. So by buying a miner the user buys a specific portion of hash power in an actual data center. And a miner always belongs to the user, unless they decide to sell it.
GoMining’s system combines ASIC mining with the affordability of cloud mining and the flexibility of NFTs.
How Does a Digital Miner Work?
In 2022, the first digital miner collection was released and the GoMining app started its work. The GoMining app contained all the infrastructure for the actual distribution and functioning of miners. Basically, it can be viewed as a digital farm, where a user can see the list of their miners, their characteristics, and their daily income.
A digital miner starts working as soon as it’s created or purchased, and rewards arrive every day. Users don’t have to pay anything additionally: even though there is a maintenance fee, it can be either deducted from the rewards by default or paid for separately with GOMINING tokens. The tokens are the platform’s native cryptocurrency and we are going to circle back to them later.
Miner Characteristics
Miners have different characteristics and can be upgraded or sold. A Bonus Miner is given to users after registration, its power is 16TH and its energy efficiency is 20W/TH, these are also the parameters of the cheapest miner a user could get. This Bonus Miner is active for 5 days. After that, new users have to create or buy a digital miner to continue mining BTC.
Mining Modes
Users can use one of the two available mining modes: Solo mining (the default mode) or Miner Wars game.
- Solo mining is the simplest mode: after the first miner is created, it starts automatically. The rewards depend on the mining power of the user’s farm and they are transferred to the wallet daily.
- Miner Wars is a clan-based game, where users join or create clans and compete against others. The first clan to mine a block wins, and the rewards are distributed once a week among the winning members.
Both modes are available right away. Miner Wars can be more profitable for a winning user but Solo mining is more steady.
Withdrawing Rewards
GoMining provides a very simple withdrawal mechanism: after reaching a specific amount, the BTC are withdrawn automatically without any fees. For that, the user’s hot wallet has to be connected to the GoMining account, otherwise, the coins will remain on the in-app wallet.
If users want to withdraw their rewards manually, they can do that as well, but in that case, the fees are applied.
Miner Collections
Users can both create and buy digital miners. Buying usually means either purchasing a resold miner from the marketplace or open platforms or getting a miner from one of the GoMining collections. The project’s website lists
The GoMining Ecosystem
GoMining is not just a single-purpose platform. There are many elements that make the project what it is. One of these elements is the GOMINING token. The platform’s native cryptocurrency can be used to pay for maintenance and get a discount of up to 20%, or to purchase special Avatars — boosters for solo mining and Miner Wars. Alternatively, GOMINING can be invested in a liquidity pool.
GOMINING tokens can also be locked. In return, users get veGOMINING votes and participate in voting. This is how they make decisions about the future of the platform and reward distribution.
There is a marketplace, where users can buy and sell miners. Some owners specifically choose to flip miners: upgrade and sell them, while others are looking for old collections or more powerful miners.
Every user has a wallet on the platform, there’s a dedicated tab for governance, and even a merch store. GoMining is quite a wholesome platform with many elements to support it.
What do Users Think?
Today, GoMining has over 2 million users. There are success stories, and there are people who didn’t find the platform to be as lucrative as they expected. But most users agree on one thing: to get the best out of digital mining, you have to come up with a strategy and spend some money as well as time. GoMining provides the necessary information on its website: ahead of time a user can use the mining calculator to find out how much BTC a specific miner would bring. They can also utilize the discount system to get the most out of their miner and account for price fluctuations. It’s more about basic math than about knowing the technical specifications of miners. And that’s precisely what makes digital mining simple.
Bitcoin mining has always been a game of patience. It’s not something where users need to go big or go home. On the contrary, the initial success story of Bitcoin is all about making small investments and watching them grow.
Smith 
Waqar Hussain