{"id":38017,"date":"2024-07-19T12:16:03","date_gmt":"2024-07-19T09:16:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38017"},"modified":"2025-08-30T00:35:12","modified_gmt":"2025-08-29T21:35:12","slug":"what-is-a-digital-miner-and-how-can-you-mine-bitcoin-with-nfts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/what-is-a-digital-miner-and-how-can-you-mine-bitcoin-with-nfts\/","title":{"rendered":"What is a digital miner, and how can you mine bitcoin with NFTs?"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is a digital miner?<\/h2>\n<p>A digital miner is a <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">non-fungible token<\/a> (NFT) backed by real hash rate. Each NFT miner has specific power (measured in TH\/s, terahashes per second) and energy efficiency (W\/TH, watts per terahash).<\/p>\n<p>Owners of digital miners receive daily bitcoin mining rewards and pay for the electricity consumed.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Who issues NFT miners, and how?<\/h2>\n<p>Digital miners are created by <a class=\"tracking_link\" href=\"https:\/\/gmt.io\/\" target=\"_blank\" rel=\"noopener\">GoMining<\/a> (formerly GMT), which has operated since 2017 and owns nine data centres with more than 350 MW of capacity. The team outlined the initial NFT-miner concept in a <a class=\"tracking_link\" href=\"https:\/\/storage.googleapis.com\/gmt-public-prod\/docs\/whitepaper-2-0.pdf\" target=\"_blank\" rel=\"noopener\">white paper<\/a> in 2021.<\/p>\n<p>Among GoMining\u2019s <a class=\"tracking_link\" href=\"https:\/\/gmt.io\/trust\/\" target=\"_blank\" rel=\"noopener\">partners<\/a> are Binance Pool and Bitmain. The company <a class=\"tracking_link\" href=\"https:\/\/bitcoinminingcouncil.com\/bitcoin-mining-council-advisory-members\/\" target=\"_blank\" rel=\"noopener\">is<\/a> a council member of the Bitcoin Mining Council, which brings together leading bitcoin miners.<\/p>\n<p>GoMining NFTs are available on Ethereum, BNB Chain and The Open Network (TON).<\/p>\n<p>In an <a class=\"tracking_link\" href=\"https:\/\/blog.ton.org\/ton-innovators-go-mining\" target=\"_blank\" rel=\"noopener\">interview<\/a> with TON Foundation, GoMining CEO Mark Zalan said the firm plans to integrate with Solana in 2024.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How does an NFT miner work?<\/h2>\n<p>Each digital miner is tied to a defined amount of computing power generated in GoMining\u2019s data centres and tokenised via the Liquid Bitcoin Hashrate (LBH) protocol. The current hash-rate level is <a class=\"tracking_link\" href=\"https:\/\/gmt.io\/trust\/\" target=\"_blank\" rel=\"noopener\">available<\/a> on the company\u2019s website.<\/p>\n<p>The LBH mechanism is similar to <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">Liquid Staking<\/a>, in which a protocol issues a \u201cderivative\u201d token that guarantees rewards for <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a>. With LBH, the NFT holder obtains the right to a share of hash rate and the related mining reward.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThere is a fundamental difference between liquid staking and LBH. In the first case you can redeem tokens for the network\u2019s currency, for example Ethereum. Digital miners cannot be exchanged for real bitcoins, but you can earn them in the process of mining,\u201d GoMining notes.<\/em><\/p>\n<\/blockquote>\n<p>Like physical hardware, a digital miner has two main characteristics\u2014computing power and energy efficiency. There is also a collectible element: an NFT\u2019s price also depends on its rarity.<\/p>\n<p>Owners of digital miners can mine bitcoin:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>independently (solo).<\/strong> Daily rewards for holding the NFT. Default mode;<\/li>\n<li><strong>in a pool.<\/strong> Available to owners of miners with at least 10 TH\/s. A gamified mode.<\/li>\n<\/ul>\n<p>The GoMining app includes a \u201cGame\u201d section, where users join and create mining pools, poach big players and compete to mine the next block. Pool participants can earn multiples\u2014or nothing at all.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How to buy a digital miner?<\/h2>\n<p>Digital miners are available on <a class=\"tracking_link\" href=\"https:\/\/app.gmt.io\/nft-miners\" target=\"_blank\" rel=\"noopener\">GoMining\u2019s<\/a> website, in the mobile app for <a class=\"tracking_link\" href=\"https:\/\/apps.apple.com\/pt\/app\/gomining\/id1622100275\" target=\"_blank\" rel=\"noopener\">iOS<\/a> and <a class=\"tracking_link\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=io.gmt.app.twa\" target=\"_blank\" rel=\"noopener\">Android<\/a>, and on NFT marketplaces such as <a class=\"tracking_link\" href=\"https:\/\/opensea.io\/collection\/east-nft-collection\" target=\"_blank\" rel=\"noopener\">OpenSea<\/a> and <a class=\"tracking_link\" href=\"https:\/\/getgems.io\/collection\/EQCrrb8MGFT18munzM6FolUThLb92iY0Gl6Sc2vMw92GASZp\" target=\"_blank\" rel=\"noopener\">GetGems<\/a>.<\/p>\n<p>To buy a digital miner on the site or in the app, register by providing an email or connecting a wallet such as MetaMask or TON Wallet.<\/p>\n<p>The service suggests generating an NFT with optimal energy efficiency (20 W\/TH) and power from 1 to 5000 TH. This parameter determines the miner\u2019s price. At the time of publication it ranges from $29 for 1 TH to $115,965 for 5000 TH.<\/p>\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/docsz\/AD_4nXfU8OXby22kBqkJqsjzjDeoMu_hTPPzYXtvSxrySpCH-Dd0DXaU2TM-zRhiiINg779JjkaG6vd9Z_T1WmJ8LNFex94iLiwnerE8zRkD2oeWeTeWPBEqGMp5nYpket0Kwyp9lbbdgyGgmfqvOCSsDu9y0Wvv?key=3gV4yImapcvaDkJEVRb_wQ\" alt=\"What is a digital miner? How to mine bitcoin with NFTs?\" style=\"width:821px;height:auto\"\/><figcaption class=\"wp-element-caption\">GoMining start page after registration. Source: <a class=\"tracking_link\" href=\"https:\/\/app.gmt.io\/\" target=\"_blank\" rel=\"noopener\">GoMining<\/a>.<\/figcaption><\/figure>\n<p>You can pay for miners with Tether (USDT), Toncoin (TON), Google\/Apple Pay, bank cards, and GOMINING tokens via Binance Pay, Gate Pay and Coinbase.<\/p>\n<p>Drawing on historical data, GoMining shows projected NFT returns based on the current or expected bitcoin price.<\/p>\n<p><strong>Example:<\/strong> a digital miner with 1 TH, at a bitcoin price of $70,000, earns $1.70 per month (2,428 satoshis). The owner spends $0.64 (920 satoshis) on maintenance. Net profit is $1.06 (1,508 satoshis).<\/p>\n<p>Users receive a 10% discount when paying for maintenance with GOMINING tokens. In this case, the net profit in the example rises to $1.15 per day.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/docsz\/AD_4nXcuab4KJDWMHpGxDHmcst947kT0GxFaJMhD43DtHPcTfSzngtkFc2Wyb-yKaj6C61ggWN6-USkwbwVZYce3q7FIsHpIe4piQHymZa7T_t-yBm5Egm_CuNrDa5LwGO08HuqXLMELE4jeUZzSeALKBqZf9YXX?key=3gV4yImapcvaDkJEVRb_wQ\" alt=\"What is a digital miner? How to mine bitcoin with NFTs?\"\/><figcaption class=\"wp-element-caption\">Projected profitability when creating a miner with 1 TH of power and 20 W\/TH energy efficiency. Source: <a class=\"tracking_link\" href=\"https:\/\/gmt.io\/\" target=\"_blank\" rel=\"noopener\">GoMining<\/a>.<\/figcaption><\/figure>\n<p>The rarity of miners in the <a class=\"tracking_link\" href=\"https:\/\/app.gmt.io\/marketplace?filters=%7B%22nftCollectionIds%22:%5B117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202,203,204,205,206,207,208,209,210,211,212,213,214,215,216,217,218,219,220,221,222,223,224,225,226,227,228,229,230,235,236,237,244,245,246,247,248,249,250,251,252,253,254,255,256,257,258,259,260,261,262,263,264,265,266,267,268,269,270,271,272,273,274,275,276,277,278,279,280,281,282,283,284,285,286,287,288,289,290,291,292,293,294,295,296,297,298,299,300,301,302,303%5D%7D\" target=\"_blank\" rel=\"noopener\">The Mine Box<\/a> collection depends on a combination of nine image parts\u2014case, display, buttons and others. An NFT\u2019s appearance is generated randomly. The user sees it only after purchase.<\/p>\n<p>Digital miners can be upgraded by increasing power and energy efficiency. To do this, go to \u201cMy miners\u201d, select Upgrade on the NFT card, set the new parameters and click \u201cPay\u201d.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/docsz\/AD_4nXebhLQVZkZUw-qEWI61fYsEakCiU5BRpgeOUEKWWcV9ynjWrIF6LyYxNXOniEmDzyW-hqq8vzi8STc6jH4wI9A5rmcn1WWkExz8w5qLa816wGXelOEuN5J17BacvxB0a7ejgnjM2C-2iSdDN0OeR6JKsW5w?key=3gV4yImapcvaDkJEVRb_wQ\" alt=\"What is a digital miner? How to mine bitcoin with NFTs?\"\/><figcaption class=\"wp-element-caption\">Improving a digital miner\u2019s energy efficiency. Source: <a class=\"tracking_link\" href=\"https:\/\/help.nft.gomining.com\/faq\/energy-efficiency\" target=\"_blank\" rel=\"noopener\">GoMining<\/a>.<\/figcaption><\/figure>\n<p>By default, rewards in bitcoin are credited to a GoMining virtual wallet. The minimum amount for withdrawal to an exchange or external wallet is 10,000 satoshis (0.0001 BTC).<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What are GOMINING and veGOMINING for?<\/h2>\n<p><strong>GOMINING<\/strong> is GoMining\u2019s native token, issued on Ethereum, BNB Chain and <a href=\"https:\/\/forklog.com\/en\/news\/gomining-introduces-5-cashback-with-launch-of-native-token-on-ton\">TON<\/a>. It can be staked to obtain governance tokens (votes) veGOMINING, and used to buy, upgrade and service NFT miners with a 10% discount.<\/p>\n<p>The project burns and reissues GOMINING tokens received as payment for electricity under a weekly Burn &#038; Mint cycle:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAfter burning we mint fewer tokens to implement a deflationary model in GOMINING tokenomics. By the twentieth epoch, the amount of GOMINING will decrease from 436 million to 100 million.\u201d<\/em><\/p>\n<\/blockquote>\n<p>The number of new tokens depends on the coefficient of the current epoch cycle. GoMining distributes them as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>65% \u2014 to the service provider that creates digital miners;<\/li>\n<li>20% \u2014 to holders of veGoMining votes;<\/li>\n<li>10% \u2014 to GoMining rewards;<\/li>\n<li>5% \u2014 to the project team.<\/li>\n<\/ul>\n<p><strong>veGOMINING<\/strong> are votes credited by GoMining to users in exchange for GOMINING locked in staking on a 1:1 basis.<\/p>\n<p>In addition to weekly staking rewards, veGOMINING holders gain the right to influence the project\u2019s development and vote on the distribution of minted tokens.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is a digital avatar?<\/h2>\n<p><a class=\"tracking_link\" href=\"https:\/\/gmt.io\/gominers\/\" target=\"_blank\" rel=\"noopener\">GoMiners<\/a> digital avatars are non-fungible tokens that provide various bonuses within the project\u2019s ecosystem. You can obtain a character from the collection in three ways:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>buy a GoMiners NFT<\/strong> on GoMining\u2019s <a class=\"tracking_link\" href=\"https:\/\/app.gmt.io\/gominers-collection\" target=\"_blank\" rel=\"noopener\">marketplace<\/a>;<\/li>\n<li><strong>grow your farm to 5000 TH<\/strong>. After that, the company sends a key that grants access to any NFT avatar;<\/li>\n<li><strong>take part in contests.<\/strong> GoMining regularly raffles keys on <a class=\"tracking_link\" href=\"https:\/\/x.com\/Gomining_token\" target=\"_blank\" rel=\"noopener\">X<\/a> and <a class=\"tracking_link\" href=\"https:\/\/t.me\/gmt_token\" target=\"_blank\" rel=\"noopener\">Telegram<\/a>.<\/li>\n<\/ul>\n<p>At the time of publication, two series have been issued: \u201cHumans\u201d (3% discount on NFT-miner servicing) and \u201cCryptilians\u201d (increase miner energy efficiency by 1 W\/TH). A third series, \u201cGuardians\u201d, is in development.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Why buy NFT miners?<\/h2>\n<p>Thanks to broad customisation options, NFT miners suit both beginners and large investors looking to diversify their assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAgainst the backdrop of high volatility inherent to the cryptocurrency market, bitcoin mining may look like a less risky long-term strategy, given BTC\u2019s stable market position.<\/em><\/p>\n<p><em>Our main task is to make the product efficient and convenient for all users. GoMining\u2019s clients include both newcomers choosing starter miner configurations and <\/em><a href=\"https:\/\/forklog.com\/en\/news\/what-is-otc-trading-2\"><em>OTC<\/em><\/a><em> clients who own several NFTs with a combined capacity of more than 5000 TH,\u201d company representatives comment.<\/em><\/p>\n<\/blockquote>\n<p>At the time of writing, the minimum price for a GoMining NFT is about $29 \u2014 the lowest entry threshold for mining in 2024. Users do not need to worry about housing or maintaining hardware.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An explainer on digital miners and how to mine bitcoin with NFTs.<\/p>\n","protected":false},"author":1,"featured_media":38018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"1","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2113],"tags":[1137,1213],"class_list":["post-38017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptorium","tag-cryptocurrency-mining","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"194","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38017"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38017\/revisions"}],"predecessor-version":[{"id":38019,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38017\/revisions\/38019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38018"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}