This Bitcoin mining project attracts users with new tokenomics and DeFi opportunities

cointelegraph.com:

With Bitcoin mining difficulty at an all-time high, is it too late for beginners to start mining the largest cryptocurrency by market cap? The short answer is No — there are specialized services that make the whole mining process look easy.

Bitcoin mining is a tricky business. It requires expensive hardware equipment, cheap and stable electricity and a lot of maintenance to keep the facility in shape, like cooling systems and hardware updates.

These days, starting Bitcoin mining operations from scratch as an individual is not a good business plan. Many factors need to align perfectly, including geography, energy costs, regulation, weather and the Bitcoin (BTC) price itself. Still, the upfront costs are too high for regular people.

Beginners can start mining by joining specialized mining pools. However, due diligence is needed because mining pools charge fees and split the rewards between participants. The problem with these pools is that they are centralized entities that may not always be transparent or expose participants to risks. For example, during the Crypto Winter of 2022, a mining pool operator halted Bitcoin withdrawals due to liquidity issues.

Some Bitcoin mining services eliminate the entry barriers for beginners. One example is GoMining, which offers various features that give Bitcoin miners more control and opportunities.

By joining GoMining, users don’t have to buy and set up hardware or maintain the equipment. All processes are conducted online, while GoMining does all the behind-the-scenes work. The mining service has been around for over six years and currently has a power capacity of 350 megawatts across its nine data centers dispersed worldwide. This translates into a total hash rate of 2.1 million