AMA with GoMining: Mine with ease ;)

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Exolix
@exolix_comFeb 2, 2026

The Spaces features an AMA hosted by Axolex with guest Jeremy Dryer, Chief Business Development Officer at GoMining. Jeremy explains GoMining’s evolution into a Bitcoin “super app” that tokenizes hash rate to let users own lifetime mining power via digital miners, with daily Bitcoin rewards and optional upgrades. Operational complexity (hardware failures, curtailment, uptime) is abstracted away, passing 100% uptime to users. The GoMining token underpins the ecosystem: paying maintenance in token yields up to a 20% discount, with staking, a P2P marketplace to trade miners, efficiency upgrades, and the competitive Minor Wars game. GoMining operates primarily in North America, runs ~12.5 exahash, and mines ~1% of new Bitcoin, comparable to top public miners. Tokenomics are deflationary via burn-and-mint, targeting 100M supply (from ~440M initial, ~405M current), with ~170M staked for two years. The roadmap includes Mine Now Pay Later, custodial and upcoming non-custodial wallets, crypto cards (Europe live, global rollout planned in February) with “terahash-back” rewards, Simple Earn to generate BTC yield on other assets, a Bitcoin-native launchpad, and an education academy. Partnerships include a limited Jacob & Co x GoMining watch bundle and sponsorship at Consensus Hong Kong.

Go Mining AMA (hosted by Axolex) — Comprehensive Summary and Notes

Participants and Context

  • Guest: Jeremy Dryer (Chief Business Development Officer, Go Mining)
  • Host: Axolex (swap platform; host’s personal name not stated)
  • Format: AMA on Bitcoin mining-as-a-service, Go Mining’s token and ecosystem, products, and upcoming initiatives

Go Mining Overview and Mission

  • Positioning: Evolved from a Bitcoin mining-as-a-service leader into a broader “Bitcoin super app.”
  • Mission: Provide global, easy access to Bitcoin—enabling users to mine BTC, earn on BTC, and use BTC. Vision aligns with Bitcoin’s shift from store of value toward medium of exchange.
  • Platform core: Tokenized mining power from Go Mining’s industrial data centers delivered via “digital miners,” plus a native GOMINING token that powers discounts, rewards, and ecosystem utilities.

Mining-as-a-Service Model: How It Works

Digital Miners (Tokenized Hashrate)

  • Users purchase “digital miners” that represent a specified hashrate and efficiency sourced from Go Mining’s physical data centers.
  • Entry size: Starts at 1 TH/s (~$23–$24), with 20 tiers up to 5,000 TH/s. Higher tiers offer lower unit cost.
  • Ownership: Not a time-limited contract. Users own the hashrate/efficiency “for life” and receive daily BTC mining rewards, as long as mining remains profitable.
  • Mining economics context:
    • Bitcoin network security/scale continues to grow (now beyond 1 zettahash). Over time, a fixed hashrate represents a smaller share of the total network unless users reinvest/upgrade.
    • Users can add hashrate or upgrade miner efficiency over time to sustain competitiveness.

Operating Costs and Daily Settlement

  • Cost components: Electricity and maintenance in Go Mining’s facilities.
  • Settlement: These costs are automatically deducted from users’ daily BTC rewards—no separate invoices or contracts to manage.
  • Token utility for cost: Users can pay the maintenance/electricity component in GOMINING token to receive up to a 20% discount, increasing net BTC retained.

Uptime, Curtailment, and Operational Complexity

  • Abstraction from physical ops: Users do not manage hardware breakage, downtime, or curtailment (temporary power shutoffs due to pricing or grid needs).
  • Service commitment: Go Mining “passes through” 100% uptime to digital miner owners, insulating them from site-level operational fluctuations. All physical complexities are handled on the backend.

Data Center Footprint and Scale

  • Footprint evolution: Historically mined in Europe, Asia, Middle East, South America; majority of capacity now in North America (U.S. and Canada), with some in South America and potential expansions.
  • Non-location-specific ownership: Users’ digital miners are not tied to a specific data center or single machine; rewards are derived from the overall operated fleet.
  • Scale and market share:
    • Sold via platform: >12.5 EH/s of capacity.
    • Share of new issuance: Currently mining over 1% of all newly minted BTC (every ~10 minutes).
    • Relative size: Comparable to a top-15 public miner by capacity; goal to become a top-5 miner within ~2 years.

Comparison: Go Mining vs Hosting Your Own ASIC

  • Hosting your own miner (typical):
    • Upfront power prepayment (often ~3 months), ongoing monthly payments.
    • Power pricing ~7–8¢/kWh at host sites (host margin included).
    • Downtime risk: 90–95% uptime typical; user bears repair costs and operational risk.
  • Go Mining approach:
    • No hardware procurement, shipping, or service contracts.
    • Automated cost deduction from BTC rewards; optional token-based discount.
    • 100% uptime passed through to users and enterprise-scale access to cheap power and hardware.

Liquidity and Transferability of Miners

  • P2P marketplace: Users can list and sell their digital miners peer-to-peer or acquire undervalued miners from others. Trading activity occurs daily.

Flexible Purchasing: “Mine Now, Pay Later”

  • Product: Users get full hashrate and start mining BTC day one, while paying off the miner over several months (BNPL-like experience tailored to mining).

GOMINING Token: Utility and Tokenomics

Core Utilities

  • Maintenance fee payments: Up to 20% discount when paying mining costs in GOMINING.
  • Staking: Users can stake tokens to earn rewards.
  • Marketplace and upgrades: P2P miner trades are denominated in GOMINING; miner efficiency upgrades also priced in token.
  • Launchpad access: Allocation eligibility for Bitcoin-native project launches (e.g., BTC L2s, BTCfi protocols) based on staked tokens and/or owned hashrate.
  • Minor Wars game: In-game boosts and rewards leverage the token.

Token Structure and Dynamics

  • Initial supply: ~440 million tokens distributed 100% to the market at launch; no new external issuance.
  • Burn-and-mint flywheel:
    • Tokens used to pay maintenance fees are burned periodically (every few weeks).
    • A lower “coefficient” amount is then minted to fund all ecosystem rewards (staking, Minor Wars, data center/ops support, etc.).
    • Net effect is deflationary over time, targeting a long-term supply of 100 million.
  • Current figures (as shared):
    • Circulating supply has declined from ~440M to just over ~400M (approx. ~405M at time of discussion).
    • ~170M tokens staked for at least two years (nearly half the supply locked).
    • Many users hold tokens to continuously secure the maintenance discount, limiting free float.
  • Demand growth drivers: As sold hashrate expands (now 12.5 EH/s; multi-fold growth in recent years), aggregate token demand for maintenance discounts and other utilities should increase.

Ecosystem Products and Features

  • Minor Wars (Gamified mining competition):
    • Concept: Mirrors mining pools by organizing users into “clans” that compete each “block round” to win extra rewards.
    • Mechanics: Spend tokens for boosts; competitive, social layer inside Go Mining; popular since launch.
  • Bitcoin-native Launchpad:
    • Focus: Projects building on Bitcoin (layer-2s, BTCfi protocols).
    • Access criteria: Based on staked GOMINING and/or owned hashrate.
  • Wallets and Cards:
    • Custodial wallet: Available.
    • Non-custodial wallet: Planned.
    • Crypto card: Live in Europe; global rollout targeted for February. Digital issuance first (Apple Pay-ready), physical cards to follow. Spend BTC, GOMINING, stables, and more.
    • Card rewards: “Terahash-back” style benefits—spend to earn additional mining power.
  • Simple Earn (upcoming):
    • Earn BTC on other assets (e.g., deposit ETH and receive BTC rewards) across multiple supported assets.
  • Go Mining Academy:
    • Educational portal covering Bitcoin and crypto fundamentals for new users.

Partnerships, Events, and Integrations

  • Jacob & Co collaboration:
    • Limited-edition Go Mining x Jacob & Co watch bundle that includes a miner (“a watch that mines Bitcoin”).
    • Showcase planned at Consensus Hong Kong; Go Mining to be a main sponsor with on-site “Satoshi games.”
  • Axolex integration (host platform):
    • Axolex offers swaps across 200+ networks, >4 million cross-chain pairs, and lists GOMINING token on web, Telegram bot, and Android app.

Scale, Community, and Milestones

  • User base: >5 million global users.
  • BTC distributed: >$500 million in Bitcoin mining rewards to date.

Giveaway Note (from host)

  • Passphrase for event raffle: “GoMining” (capital G and capital M). Entry via the quest link in the Axolex pinned post; case sensitivity may apply.

Roadmap and Near-Term Plans

  • Crypto cards: Expansion beyond Europe with a global push targeted for February, subject to regional regulatory approvals.
  • Ecosystem expansion: Continued rollout of Simple Earn, non-custodial wallet, and deeper Bitcoin-native launchpad integrations.
  • Mining capacity: Ambition to scale toward top-5 global miner status within ~2 years.

Key Takeaways and Highlights

  • Go Mining abstracts industrial-scale BTC mining into a user-friendly digital experience with lifetime hashrate ownership and daily BTC payouts.
  • Optional payment of maintenance in GOMINING offers up to 20% cost savings—major driver of token utility and ecosystem stickiness.
  • Operational risks (downtime, curtailment, repairs) are absorbed by Go Mining; users receive a 100% uptime pass-through.
  • Large-scale footprint (>12.5 EH/s sold; >1% of new BTC mined) and broad product suite (cards, launchpad, Minor Wars, Simple Earn) support the “Bitcoin super app” vision.
  • Tokenomics are deflationary via burn-and-mint, with significant staking and functional demand reducing float over time.