Bitcoin halving fast approaches: How to join the fray without equipment

Bitcoin mining company seeks to eliminate traditional requirements, such as expensive hardware and thorough maintenance, simplifying mining for all.

As the crypto world braces for the Bitcoin halving slated for April 2024, GoMining — a Bitcoin mining company — introduces a simplified way for individuals to join the ranks without the difficulties of traditional, hardware-based mining.

Gone are the days of a standard laptop providing enough hardware for Bitcoin (BTC) mining. As the April Bitcoin halving fast approaches, BTC mining difficulty — a measure of how difficult it is to create one new BTC — recorded new historical highs in mid-March with 83 trillion hashes, which refers to the amount of processing and computing power being given to the network through mining.

The ever-increasing costs of Bitcoin mining hardware and the skyrocketing difficulty form a barrier for users who want to participate in building the future of money. The discussion of Bitcoin mining for individuals has shifted from maintaining expensive hardware and looking for cheap electricity to finding a way-through solution that can simplify their entrance to the mining market by decreasing the cost and leveraging the risks.

Bitcoin mining for individuals

GoMining, a Bitcoin mining provider known for its innovative Liquid Bitcoin Hashrate (LBH) protocol, introduces a flexible and gamified approach to BTC mining by attributing its computing power to nonfungible tokens (NFTs) as real-world value.

Backed by a fleet of in-house BTC mining devices, GoMining NFTs enable a simple way to start mining instantly for individuals.

GoMining, a member of the Bitcoin Mining Council, distributes daily mining rewards generated from its nine data centers in different countries to holders of GoMining NFTs proportional to the amount of mining power and energy efficiency they opt for.

For seamless global access to daily BTC mining, GoMining has launched the Mine Box Collection with a new miner generation logic. Instead of offering specific starting computing power and energy efficiency attributes, Mine Box NFTs are fully scalable, ranging from 1 to 5,000 terahashes per second.

Once the initial mining power is selected, the user can pay with Tether (USDT), GOMINING tokens or any available fiat payment method to generate an NFT exclusively crafted for them. Mine Box NFTs have an energy efficiency level equal to 35 W/TH, which can be upgraded to 20 W/TH — an efficiency level comparable to the most modern ASICS in the market.

The platform also offers users access to advanced analytics with key insights, including a historical data-based mining calculator, readily available whenever a BTC miner is purchased or upgraded.

Users who don’t want to take volatility risks and see predictable results can take the Bitcoin mining route with GoMining, which provides a lifetime ownership of real share of Bitcoin mining power by holding an NFT that distributes daily rewards.

Seamless access to BTC mining

GoMining strives to provide equal and seamless access to Bitcoin mining for everyone, enabling users to generate value from Bitcoin mining without the need to maintain costly infrastructure on their own.

GoMining has nine data centers located in different parts of the world. Source: GoMining

GoMining CEO Mark Zalan said that the team’s mission is to provide customers access to the constantly growing Bitcoin mining market, adding:

“By focusing on individuals, we aim to open up the fledgling industry to a much broader pool of supporters, allowing them to share in the financial and technological advancements happening right now.”

GoMining continues to build new data centers around the world to make BTC mining accessible to a broader audience, with the goal of achieving 25 million terahashes per second in 2025.

The future of Bitcoin mining lies in solutions that prioritize sustainability, accessibility and efficiency. With each advancement, the world moves closer to a future where Bitcoin mining is not just a pursuit for the technically adept or financially robust but a viable, rewarding endeavor for anyone passionate about contributing to the blockchain revolution.