The GoMining team has been a prominent player in the bitcoin mining industry since 2016. They have experienced both bull and bear markets, and their mission is to make bitcoin mining accessible to everyone. GoMining started as GoMining Hosting, a company that provided hosting services for large-scale bitcoin mining operations. They saw success during the crypto boom of 2017 but also faced challenges during the subsequent bear market of 2018.
During this time, GoMining noticed a lack of mining options available to the general market and saw an opportunity to address this issue. In 2021, they pivoted their business model and built a bitcoin mining center that could be fractionalized. They created the GOMINING token, which represents a share of the computing power from their mining center. This allowed people to gain exposure to bitcoin mining and use the tokens for activities like trading and lending.
The launch of the GOMINING token was successful, and its value increased significantly within a few months. However, GoMining faced regulatory scrutiny due to its similarity to a security. They made changes to their token model by switching to NFTs (non-fungible tokens) and launched several NFT collections that represented different levels of hash power and energy efficiency.
GoMining has continued to grow its NFT offerings with multiple collections, including collaborations with MMA legend Khabib Nurmagomedov. They have also upgraded the GOMINING token to align with the utility of the NFTs. The token now offers discounts on mining fees, a burn-and-mint process, and governance rights for users who lock their tokens.
Despite the challenges of bear markets and regulatory scrutiny, GoMining is focused on building and expanding its mining operations. Their goal is to account for 20% of the world’s BTC production within the next two years.
Hot Take: GoMining: Building Through Crypto Winter
Despite facing bear markets and regulatory challenges, GoMining has remained resilient and focused on their mission of making bitcoin mining accessible to everyone. They have adapted their business model, launched successful NFT collections, and upgraded their token to align with the utility of the NFTs. With their experience in market fluctuations, GoMining is confident in their ability to continue growing and expanding their mining operations. They have set ambitious goals for the future and are determined to make a significant impact in the BTC production industry. As crypto winter continues, GoMining remains optimistic, knowing that summer will eventually come again.
By
By
By
By
By