A Digital miner is a unique token that connects you to real miners and represents a digital record on the blockchain. This token grants you ownership of an object within the digital space and is securely stored in your crypto wallet, just like a cryptocurrency.
How are digital miners connected to real miners?
All service providers issuing Digital miners through the GoMining protocol operate real data centers with mining hardware running around the clock. These Digital miners are blockchain representations of this equipment, ensuring they are backed by tangible hardware. Each Digital miner features two key parameters: power and energy efficiency, enabling them to mine Bitcoin effectively.
For example, when you purchase a Digital miner with a computing power of 1 TH/s and an energy efficiency of 20 W/TH, you acquire a share of the hashrate from a real miner with the same specifications, and you can enhance these parameters through the upgrade function.
How do digital miners earn BTC rewards?
Digital miners earn BTC rewards by participating in the Bitcoin mining process, where they contribute their computational power to solve complex mathematical puzzles. As a reward for their efforts, miners receive newly minted cryptocurrency tokens, the amount of which depends on their hashrate (computing power) and energy efficiency.
A higher power level means your Digital miners are working harder, while greater efficiency means they are working smarter. This combination leads to enhanced rewards for users and it encourages users to keep their Digital miners working as efficiently as possible.
How to use your digital miner after purchase?
When you purchase a Digital miner, you unlock several options. You can hold onto your Digital miner to steadily generate Bitcoin rewards over time. If you’re looking to have some fun while earning BTC, Miner Wars allows you to join or create a Clan and boost your rewards. Additionally, you can upgrade its power or energy efficiency to maximize performance. You also have the option to sell your Digital miner on the secondary market, potentially benefiting from any increase in its value. Plus, you can mint it as an NFT to bring it on-chain; by default, it remains off-chain to save costs and simplify the process for new users.
October 16, 2024
