GoMining is expanding to Solana, enabling its utility token to function on the blockchain and trade on Solana DEXs as an SPL token. This move integrates tokenized bitcoin mining with Solana’s ecosystem.
GoMining is growing in Solana and provides retail consumers with a method to earn bitcoin incentives by tokenizing real bitcoin mining hashrate. The business stated on Tuesday that the main feature of the platform’s utility token is the addition of Solana functionality.
Going forward, GoMining’s token will “become tradable on Solana DEXs as an SPL token,” the business stated.
“Solana’s ecosystem is ideal for a broader crypto audience to user-friendly Bitcoin mining,” GoMining CEO Mark Zalan said in a statement. “Bitcoin is a foundational part of the crypto ecosystem, and everyone should have access to mining it as part of their crypto exposure—no matter what blockchain they prefer.”
GoMining has made it possible for those who cannot afford to participate directly in real mining operations to earn Bitcoin by tokenizing hashrate, a measure of the processing power employed in mining.
According to the business, users can receive Bitcoin incentives after acquiring GoMining NFTs, which are correlated with actual hashrate.
GoMining NFT owners have the option to sell their digital miners to other users or make investments to improve their performance. Almost 216,000 mining NFTs have been sold, according to GoMining’s website.
“Each digital miner comes with two key parameters: power (TH/s) and energy efficiency (kW/TH), enabling seamless participation in Bitcoin mining,” according to a statement. The company says it has 350MW of mining capacity, including installations in Texas.