GoMining

Tomorrow at 12pm UTC, 150 ghost miners arrive at GoMining. 🎃 Each glass ghost miner comes with 31 TH of hashrate and an energy efficiency of 13 W/TH. The specs are worth a closer look. The primary market moved to 15 W/TH this week, making this collection more energy-efficient than the new miners currently listed there. Lower W/TH means less power consumed for the same hashrate, which can mean lower electricity costs over time. $599 each. Fixed price. Just 150 available. Our Christmas collection went fast. Let's see how long these ghosts stick around. 👻 Which design should we bring out next?

Earlier this month we held our sixth GoClub meetup, alongside TOKEN2049 in Singapore 🧵

THE CAP IS NOT IN THE CODE There's no line in Bitcoin's code that simply says "21 million." The number comes from two rules working together. Bitcoin started with a 50 $BTC block subsidy, and that reward is cut in half every 210,000 blocks. Keep following that schedule and the total supply approaches 21 million. The actual maximum is 20,999,999.9769 BTC, slightly below 21 million because Bitcoin counts in satoshis and drops fractions that can't be represented. That's why Bitcoin holders treat the cap as fixed. Not because someone promised it. Because changing it would require the network to agree to change the rules.

This is what 3,000 ASIC miners looks like at GoMining West Texas data center. Shelves stacked twelve high, four rows deep. Six machines to a shelf, five in the back rows where the XP models sit, because those are too wide to fit a sixth. Somebody walks these aisles every day checking fans and swapping filters. Your digital miner is a share of what this room produces. How many did you picture before seeing this?

Converting in the GoMining app is a better deal from today. A conversion is turning one asset into another inside the app, your daily $BTC rewards into USDT, or buying GOMINING to pay your maintenance fee. Conditions improved across most conversions, with USDT to USDC staying as it was. Mine, convert, and build your crypto portfolio in one place, with the exact rate and fee shown before you confirm.

Buying $BTC and mining it get you to the same place by different routes. Buying means you pay today's price and hope for a higher one. Mining means you pay for electricity and hardware, and receive $BTC daily at whatever the price happens to be. The cost side is known. The reward side moves. Most people have only ever tried one of the two. Which are you?

Most ways of getting cash out of an asset involve selling it. Instant Funds gives you USDT or USDC against a digital miner or your $BTC, and the miner keeps mining the whole time. It stays in your account, rewards keep arriving, and you buy it back when you are ready. The service fee has just come down, and open positions pick up the new fee at their next auto-renew.