Over the last few years, it has become apparent that there is a lot of money to be made in the cryptocurrency industry. Tokens like bitcoin and dogecoin have seen massive bull runs that have allowed investors to double and sometimes triple their investment. 

As a result, even more people are entering the crypto market and trying to earn an income by mining tokens. However, mining tokens is not as easy as one might imagine. Crypto mining involves the completion of a complex mathematical puzzle by a computer system and it is notoriously expensive in terms of energy costs, requires specialized equipment, and requires constant maintenance by the owner. 

The market has responded to these needs differently. Some crypto miners have resorted to stealing electricity to mine their tokens, often getting arrested in the process, and there are those who have decided to forgo mining altogether and instead, buy tokens directly. Usually, the latter are people who do not want to deal with the hassle of mining their own crypto and dealing with equipment and energy issues. Now, it seems consumers do not need to actually operate their own mining equipment in order to receive cryptocurrency as a company called GoMining is changing the way we think of crypto investing. 

What is GoMining? 

GoMining is a crypto mining company that is making mining services more accessible to users without the hassle of actually needing to spend their own electricity or buy their own mining equipment. How this works is that users buy the project's native GMT token which is backed by computing power. The company then mines the cryptocurrency on behalf of the users and the users, in turn, receive a daily income of bitcoin depending on how much of the token they have bought.

The computing power of the devices used is then distributed between the total number of tokens and almost each week, half of the newly-issued tokens are burned and the release capacity is redistributed among the existing GMT tokens. This increase in the supply of GMT tokens means that the price of GMT tokens itself will increase. In that sense, users can earn a double income in that GMT is an asset that also increases in price in addition to the bitcoin that they are receiving.

While alternatives to physical crypto mining already exist like cloud mining, GoMining goes a  step above the previous options. For example, cloud mining only allows the user to mine crypto for a limited amount of time but with GoMining, users own the token being used in printing bitcoin for an unlimited amount of time and can continue to earn an income from it.

Its price will also likely increase because the supply capacity of the token increases every week. This means that not only does the value of GMT itself increase but the number of bitcoin rewards being given out increases every day which is simply not offered with cloud mining or with other alternatives.

GoMining has also placed a lot of emphasis on sustainable crypto mining. In the past, tokens, specifically, bitcoin, have been criticized for their impact on the environment especially when it comes to energy use. 

GoMining currently receives 50% of its electricity from renewable energy sources including hydroelectric power plants and wind turbines. There are plans to, in the future, switch to completely renewable energy sources for all their mining to make sure that the environment is not being harmed even as bitcoin is being mined and the Industry is expanded.

Why This is Needed

It is no secret that the crypto market has seen even more entrants in the last few years and will continue to do so. Even as this happens, there is a need for mining services to accommodate this growing number. It must also be acknowledged that not everyone wants to own mining equipment or handle it themselves and cloud mining cannot be the only option for such people. 

GoMining takes this a step further by not only allowing for people to access cryptocurrency without having to mine it themselves but also gives them a native token through which they can earn extra income.

From the ease of mining to the emphasis on sustainability, it is clear that GoMining intends to work towards the future of the cryptocurrency industry and as it does, will carry users along.