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 inherently complex and highly technical 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. The technical expertise includes buying the correct equipment, setting up a data center, and ensuring there is adequate network connectivity, etc.
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.
Several cryptocurrency firms are trying to simplify the process of cryptocurrency mining so as to attract inexperienced investors. GoMining has created a comprehensive ecosystem in the form of the GMT coin that addresses enter level investor problems.
GoMining’s service offering resolves this issue by bringing a comprehensive ecosystem that is designed to deliver daily earnings to the users.
This ecosystem includes;
Construction and maintenance of data centers and high-voltage infrastructurePurchase and organizing international logisticsSetting 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
The GoMining ecosystem is designed to bring ease of doing business and peace of mind to the users. GoMining takes care of the technicalities and the various industry requirements so that the user can reap the high-quality professional investor benefits.
For optimal user gain, the GoMining blockchain comprises Proof of work (PoW) and Proof of stake (PoS) consensus algorithms. 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, they designed the GoMining Token (GMT).
The outstanding feature of the GMT is that, unlike other smart contract tokens, each GMT is backed by (SHA-256). A higher than average computing power mining unit installed in the GoMining facilities.
Important to note is that SHA-256 mining units are used in the GoMining facilities to mine Bitcoin (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, which would 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 by ensuring the average tools the miners use consume more electricity. 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 (ETH) 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.
100 000 000 tokens backed by 100 000 TH/s are to be issued initially (SHA-256 protocol). 1 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 a synchronization between the GMT tokens stored on the ETH wallet and the BTC wallet 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 for BTC and ETH. 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 growths refer 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.
Users are able to acquire GMT on ERC-20 standard Uniswap, 1inch, SushiSwap, BEP-20 standard on PancakeSwap, and the GMT website.
GMT strives to constantly improve
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 blockchain platform. 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 into the network, GoMining issues additional tokens in an amount equal to the volume of the additional hash rate. Furthermore, 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. Thus, a constant fundamental growth of the token, which means a constant increase in the value of the token.
By improving the quality of equipment, introducing new technologies for mining BTC, will increase the level of daily income in BTC, as a result, will make the income higher than from traditional mining.
Real security refers to the real indicators of equipment and their value completely protects the token from falling to negative values for the investor since the value of the token cannot be lower than the cost of the equipment it is backed with.
In addition to the available tools, GoMining will act as market makers of the token, independently and maintain its value by protecting investors. 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, such as 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. Furthermore, 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. Furthermore, investors are encouraged to pursue passive income so they can spend more time doing things that matter to them. The GoMining cryptocurrency mining service affords users the above experience.
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