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Several cryptocurrency firms are trying to simplify the process of cryptocurrency mining to attract inexperienced investors. GoMining has created a comprehensive ecosystem including a coin, GMT, that addresses enter-level investor problems.
Cryptocurrency mining has become a global phenomenon, more people realize the potential for relatively high returns. However, potential miners are faced with barriers to entry such as expensive equipment, high energy costs, and a long waiting period to realize a return on investment.
Cryptocurrency mining is a term given to the computing process that is used to solve equations. In solving these equations miners secure the network, validate all transactions and seal the immutable records on the coin’s blockchain.
The process of cryptocurrency mining has many barriers to entry. Non-professional investors often do not have the technical expertise and financial capital to start mining on their own. These expertise include buying the correct equipment, setting up a data center, and ensuring there is adequate network connectivity.
Furthermore, non-professional investors who may want to stop mining will have difficulty selling the equipment.
The process of getting the right equipment and setting up the operations can take up to a year for a non-technical investor. This means, within that year there will be no rewards or earnings, as the investor will be setting up.
GoMining’s service offering is designed to deliver daily earnings to the users.
This ecosystem includes:
- Construction and maintenance of data centers and high-voltage infrastructure
- Purchase and organizing international logistics
- Setting up equipment and developing software integration with pools
- Service maintenance and equipment repair
- Building relationships with regional authorities and legal compliances
- Maintenance and legal support to clients
GoMining’s ecosystem is designed to make doing business esay and brings peace of mind to users. GoMining takes care of the technicalities and the various industry requirements so that the user can reap the high-quality professional investor benefits.
GoMining’s blockchain comprises Proof of Work (PoW) and Proof of Sake (PoS). The PoW confirms transactions by work, and the PoS confirms transactions by ownership. The PoW algorithm rewards miners with newly minted coins on the specific network to which the power is directed.
The most outstanding advantage of the PoW system is that PoW coins account for over 80% of the cryptocurrency market capitalization. So users are prone to get maximum gain with PoW structure under GoMining.
When GoMining took into consideration the accumulated experience and existing barriers to entry in the cryptocurrency mining space, GMT was created.
The outstanding feature of the GMT is that, unlike other smart contract tokens, each GMT is backed by (SHA-256). This is a higher than average computing power mining unit installed in GoMining’s facilities.
Important to note is that SHA-256 mining units are used in the GoMining facilities to mine BTC (BTC). This means that by purchasing 1 GMT, a user will acquire 0,001 TH/s of the GoMining collective mining power.
This is computing power that is already in operation mining BTC, enabling users a daily BTC income. Income in the form of BTC is transferred directly to the wallet of the token holder on a daily basis from the pool to which the computing power is directed.
GoMining is underpinned by BTC because the capitalization of BTC is higher than all other cryptocurrencies combined and ranges from 50% to 70% of the entire cryptocurrency market. Furthermore, BTC is powered by a PoW concept and SHA-256 encryption algorithm.
Benefits of GMT
- Investment in BTC mining – users make a direct investment in existing operational power. Users do not have to take on the hassle of purchasing equipment, setting it up, and having background knowledge on cryptocurrency mining.
- Quick exit and profits through the sale of the token – the token is a high liquidity asset and it can be sold in the market quickly, unlike the hardware used to mine. This may take a long time to sell, and it is subject to materialistic wear and tear.
- Double profitability for investment protection – the GMT coin affords users a daily passive income, users are also investing in growing exchange-traded assets. This profit structure creates financial support for the user.
GMT makes the mining process less power-consuming. The equipment distributes energy evenly and doesn’t allow excessive power consumption.
GMT token issuing
The issuing of the GMT takes place through an Etheruem smart contract. Smart contracts are known to be automated transactions or agreements that are carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. These transactions are able to automatically get permissions in a matter of seconds.
A total of 100 000 000 tokens backed by 100 000 TH/s are to be issued initially (SHA-256 protocol). One token = 0,001 TH/s. This is real computing power that is already in operation mining BTC, enabling users a daily BTC income.
GMT coin sales
The token sale takes place in two stages. At the first stage, the purchase of a token is done on the website, using the crypto-to-crypto model. Every user purchasing GMT must specify the ETH wallet and where the purchased tokens will be transferred. The users must also specify the BTC wallet where the mining income will be sent.
After registering and filling in the necessary information there will be synchronization between the GMT tokens stored on either two wallets. This will be automatically formed in the user’s personal account. This synchronization is necessary for the calculation of the amount of BTC earned by the GMT holders.
The second stage involves listing in a stock exchange. This process is usually scheduled three months after the release of the token. The token is then listed on leading cryptocurrency exchanges wherein the market determines the price of the token.
Profit accumulation system
Token holders receive profits on a daily basis. The profits are paid out directly from the pool that is connected to the GoMining computing power. The profits are then transferred to the specified BTC wallet.
In order for users to receive their tokens and profits, they must register an account on the website and provide a wallet address. These wallets can be from different platforms, as they will be connected on the GoMining platform. Users can change their BTC wallet addresses at any time.
The GMT investment strategy is based on three principles; token rate-independent income, multiple fundamental growth, and real security. Token rate-independent income, each token is backed by an already functional power with an expected yield, coupled with an increase in the value of BTC.
Multiple functional growth refers to the increase in demand for mining hardware which was catapulted by the rise in public interest in BTC in 2020 and 2021. This rise was coupled with a drop in microchip production. As a result, there was a shortage in the equipment market, which led to multiple increases in its price.
GMT is listed on different exchanges such as ERC-20 standard on Uniswap, 1inch, SushiSwap, and BEP-20 standard on PancakeSwap.
GMT is constantly improving
As a result of the pre-launch sales, on June 3, 2021 new equipment was introduced and an additional issue of 10,000,000 tokens was carried out on the Binance Smart Chain. Additional emissions will occur many times, in proportion to the introduction of additional capacities.
Funds raised from the sale of tokens are used to purchase new equipment. After plugging equipment to the network, GoMining issues additional tokens in an amount equal to the volume of the additional hash rate.
Depending on the cost of the purchased equipment, we will instantly burn between 20% to 100% of the issued tokens, and the released capacity will be redistributed among all the tokens in circulation.
The power that backs 1 GMT will grow steadily, followed by the growth of the mining income of token holders. This creates a constant fundamental growth of the token, which means a consistent increase in the value of the token.
Improving the quality of equipment and introducing new technologies for mining BTC, will impact user’s daily income earned in BTC.
Real security refers to the real indicators of equipment and its value. Real security completely protects the token from falling to negative values for the investor, as the value of the token cannot be lower than the cost of the equipment it is backed with.
GoMining also offers fund insurance, which serves to cover the negative difference in the cost of electricity in case of an extremely low drop in the BTC rate and other unforeseen situations, like natural disasters.
GoMining offers its users a well-thought-out cryptocurrency mining service. GMT holders are able to enjoy a passive income while investing in an expert-operated system. GoMining dedicates its resources to finding the most environmentally friendly ways of mining cryptocurrency and ensuring its users enjoy an optimal experience.
In a world undergoing technological revolutions, more people and organizations look into outsourcing tasks to machinery. Investors are encouraged to pursue passive income so they can spend more time doing things that matter to them. GoMining’s cryptocurrency mining service affords users the above experience.
For more information visit the website.
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