United Arab Emirates Dirham

Argentine Peso

Australian Dollar

Bitcoin Cash

Bangladeshi Taka

Bahraini Dinar

Bits

Bermudian Dollar

Binance Coin

Brazil Real

Bitcoin

Canadian Dollar

Swiss Franc

Chilean Peso

Chinese Yuan

Czech Koruna

Danish Krone

Polkadot

Ether

Euro

British Pound Sterling

Georgian Lari

Hong Kong Dollar

Hungarian Forint

Indonesian Rupiah

Israeli New Shekel

Indian Rupee

Japanese Yen

South Korean Won

Kuwaiti Dinar

Chainlink

Sri Lankan Rupee

Litecoin

Burmese Kyat

Mexican Peso

Malaysian Ringgit

Nigerian Naira

Norwegian Krone

New Zealand Dollar

Philippine Peso

Pakistani Rupee

Polish Zloty

Russian Ruble

Saudi Riyal

Satoshi

Swedish Krona

Singapore Dollar

Thai Baht

Turkish Lira

New Taiwan Dollar

Ukrainian hryvnia

US Dollar

Venezuelan bolívar fuerte

Vietnamese đồng

Silver - Troy Ounce

Gold - Troy Ounce

IMF Special Drawing Rights

Lumens

Yearn.finance

South African Rand

What is Gomining Protocol?

GoMining is a Liquid Bitcoin Hashrate protocol. 

Gomining allows users to own Bitcoin hashrate digitally as an NFT asset on the Ethereum/BNB chains and the Bitcoin blockchain (ordinals) without the necessity to own or maintain their physical mining infrastructure.

It simplifies Bitcoin mining for millions of users and unlocks the huge potential of Bitcoin hashrate to be used as RWA (Real World Asset) in Defi.

The hashrate NFT position continuously generates Bitcoins and can be traded or used as collateral in Defi like any other asset. To make this possible, Gomining created and developed the Liquid Bitcoin Hashrate (LBH) concept: while the physical mining equipment and the corresponding hashrate operate in the data center, the user owns an NFT that represents the hashrate position.

The LBH tokens can be used in Defi like Ethereum-based LSTs (liquid staking tokens) : they generate income on behalf of their owner, can be traded, and can be used in Defi protocols for borrowing/lending purposes. For example, LBH tokens can be used as collateral for borrowing stablecoins for farming strategies and providing additional income to the LBH token owner. In addition to using NFTs for bitcoin mining or Defi-related activities, NFT owners can participate in play-to-earn mechanics that enrich the NFT-based mining experience, engage the community, and provide additional income to NFT owners. Gomining actively develops GameFi elements that allow users to generate additional income in NFTs on top of primary BTC mining proceeds.

What is the Gomining token?

The design of GoMining token combines a Discount token, a modified version of the burn and mint equilibrium (BME) [2] [3], and ve Token (voter escrowed) governance model [4].

The GOMINING token has the following functions within the Gomining ecosystem:

Discount token for electricity payments. NFT hashrate owners are required to pay electricity and maintenance costs, which are deducted from BTC mining revenue. By using the Gomining token for power/maintenance payments, users receive a 10% discount and continuously mine more bitcoins.

Protocol governance. Users participating in Gomining governance can vote on proposals, influence protocol management, and most importantly - Gomining rewards distribution to the community of NFT owners and GameFi activities. Participation in governance requires locking tokens into a veGMT contract, which works identically to the well-known veCRV (vote-escrowed Curve contract).

Users who lock Gomining tokens in a vote-escrow (ve) contract receive (1) votes and (2) stake rewards. The longer the lock, the greater the number of votes and shares in the reward distribution for a given number of locked Gomining tokens.

In addition to the Discount Token Utility and Governance Utility, token holders can upgrade the hashrate and energy efficiency of their Liquid Bitcoin Hashrate positions using Gomining tokens.

How Liquid Bitcoin Hashrate NFTs are issued?

Liquid Bitcoin Hasrate NFTs are issued by Service Providers using Gomining. The requirements for Service Providers include: (1)to have public hashrate proof in known BTC mining pools (2) membership in reputable mining organizations such as the Bitcoin Mining Council. In the future, Gomining aims to launch its own BTC mining pool and require Service Providers to use it for even more transparency.

How Gomining community rewards are allocated?

The Gomining community distributes rewards via weekly voting, which requires locking Gomining tokens into a vote-escrow contract (veGMT) to receive votes.
How to buy and use hashrate NFT for BTC mining?

Users can buy NFTs on the Gomining website or NFT marketplaces like OpenSea. When the NFT is in the wallet balance, the user should visit the Gomining website, connect the wallet, and provide the BTC wallet address to receive the mining proceeds. The more efficient mining strategy involves using GMT tokens to pay for electricity and maintenance costs. GMT tokens can be purchased on various CEX exchanges, Uniswap (Ethereum), PancakeSwap (the BNB chain), or on the Gomining website that integrates all purchase options on one page.
Gomining token circulation mechanics.

The Gomining token uses the burn-and-mint equilibrium model (BME) to circulate within the ecosystem. It works as follows: all tokens paid by users for electricity/maintenance costs and some other activities are burned, and immediately, new Gomining tokens are minted by a smart contract.

The burning and minting process is based on epochs and minting coefficients. Each epoch has a number of tokens to be burned and minted according to a certain mining coefficient that increases from epoch to epoch. The total number of Epochs is 20, here we share some highlights:

Epoch 0: 10,000,000 tokens burnt, 8,000,000 tokens minted, 0.80 coefficient
Epoch 1: 20,000,000 tokens burnt, 16,200,000 tokens minted, 0.81 coefficient
Epoch 2: 30,000,000 tokens burnt, 24,600,000 tokens minted, 0.82 coefficient
Epoch 17: 750,000,000 tokens burnt, 727,500,000 tokens minted, 0.97 coefficient
Epoch 18: 1,345,762,000 tokens burnt, 1,318,846,760 tokens minted, 0.97 coefficient
Epoch 19 (the Final Epoch): the infinite number of tokens can be burned and minted with a 0.99 coefficient

The minted tokens are distributed to: 
Service Providers (hashrate NFT issuers) for compensating their electricity/maintenance costs (65%)
Governance stakers (20%)
Rewards and incentives for the NFT owners and GameFi activities (10%)
The team (5%)

Gomining Token

A list of the top {coinName} markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

A list of the top {coinName} markets across all crypto exchanges based on the highest 24h trading volume, with their current price, filter the pair and see unconverted data.

{base} to {target} Conversion Table

{base} to {target} Price Chart

{name} Price Chart

{name} Historical Data

{name} ({symbol}) financial chart designed for detailed analysis , comparison and more.

{name} ({symbol}) Advanced chart | Coinz.com

{name} to {quoteName} converter - Easily convert {symbol} to {quote} with our free currency convertor

Convert {symbol} to {quote} - {name} to {quoteName} | Coinz.com

Find the latest {name} forecasts from all around the world on our {name} forecasts section.

{name} Forecasts | Coinz.com

View historical {name} price data going back to the start of the cryptocurrency in daily, weekly, or monthly intervals.

{name} ({symbol}) - Historical Data | Coinz.com

{name} ({symbol}) trading pairs across all cryptocurrency exchanges. Check out live rates, prices, and volumes on top crypto exchanges to trade.

{name} ({symbol}) Exchange Markets by Trading Volume | Coinz.com

Our {name} news section keeps you up-to-date with the latest and most relevant {symbol} news from around the world.

{name} ({symbol}) News | Coinz.com

Live {name} ({symbol}) Real-Time Price, Chart, key metrics, tools and more. All you need to know about {name}.

{name} ({symbol}) Price, Chart & Marketcap | Coinz.com

GOMINING	USD
0.1	0.03301736393
1	0.33017363938
2	0.66034727876
5	1.65
10	3.30
20	6.60
50	16.51
100	33.02
1000	330.17

USD	GOMINING
0.1	0.30287093841
1	3.03
2	6.06
5	15.14
10	30.29
20	60.57
50	151.44
100	302.87
1000	3,028.71

Gomining Token Converter

GOMINING to USD Price Chart

Price Performance

Price Performance

GOMINING to USD Conversion Table

Popular Conversions