Too Long; Didn't Read

The odds of profiting from bitcoin mining have fallen to 1 in 57 trillion, meaning it is now more likely to happen than winning the lottery ten times in a row. To combat the diminishing chances, crypto mining has moved on from being a hobbyist pursuit to one dominated by large-scale operations that use application-specific integrated circuits (ASICs), which are 100,000 times more efficient than central processing units. However, two technologies looking to make bitcoin mining more accessible, and therefore profitable, again are GoMining and NFTs. GoMining has nine data centres worldwide that mine bitcoin, and then divide the daily mining rewards into NFTs, which can be traded or held. The company has already mined 38,000 BTC and has 18,911 NFT holders and sold 48,799 NFTs. GoMining's revolution lies in its liquid bitcoin hashrate (LBH) tokens, which give more people a chance to mine bitcoin, without having the costly and complex setups usually required.

@normbond

Norm Bond

Digital Marketer | Consultant | Strategist | AI & ChatGPT, Business, Web3, Crypto, DeFi, Blockchain