This year, cryptocurrencies are mainstream as institutional and retail investors alike continue to put their money in the market for digital currencies. In addition to institutional investors, countries also have legalized the use cryptocurrency in their financial markets. First El Salvador established a legal currency, and Paraguay made it legal. As the cryptocurrency market becomes mainstream, the emphasis has shifted beyond the trading of cryptos and mining has been one of the more lucrative options in recent years.

Crypto mining is a multi-billion dollar industry in itself with the race to become the leading mining hub heating up after China’s recent ban. China, which used to account for 70% of global mining activities up until May 2018, was the main mining hub. But, the largest crackdown on China’s mining led to an increase in carbon emission and energy crisis concerts. This forced nearly 99% to cease operations. This eclipsed China’s mining dominance which helped the US to rise to the top.

With China’s mining exodus, the focus also shifted towards clean crypto mining due to a lot of FUD around energy consumption by the Bitcoin network. There are many new farms that focus on clean mining. Although clean mining is important, only few people are interested in the mine industry because of the increasing cost to set up and maintain a mining plant. Many are discouraged by the complexity of setting up the mining assembly. A key problem is the fact that the majority of mining companies go public, and therefore investment in shares of these mining farms can only be made by institutional investors. So, even though Bitmain and Hut8 are big companies, there’s a demand for new mining projects that offer broad exposure.

Sustainability is key

Many mining companies claim to have the highest mining profit rates. Mining pools are the next best option for small-time miners who can’t afford the latest ASIC mining machines but want to reap the benefits of crypto mining. Mining pools require that users share their mining power. This ultimately results in higher electricity bills. A new project, GMT token, is making waves with its unique business model.

GMT developed an alternative solution that eliminates unnecessary obstacles that may limit new entrants, such as high electricity and mining hardware costs. GMT developed a token that was backed with computing power. This token gives you instant access for Bitcoin mining. Moreover, unlike traditional mining, holders don’t need to spend money on equipment, and unlike cloud mining, GMT allows mining without a time limit. Each GMT comes with real, continuously increasing computing power measured in TH/s using the SHA256 protocol

The team adds equipment and computing power almost every week. After this, 20%-90% of new tokens (supplied by fresh computing power) get “burned” and the released capacity is redistributed between other tokens. The supply capacity of GMTs increases, which leads to income growth. The company currently seeks energy to power data centers using renewable energy sources, such as hydroelectric power stations and wind turbines. Future plans include a complete shift towards renewable energy and minimizing any harm to the environment.

A project that offers all of the mining benefits without any complexity

This innovative project, known as the GMT token, is gaining attention because of its unusual approach and capturing public attention. GMT is at the core a project that helps beginners enter mining. It’s both for investors who are big and for those who just want to make some mining money. It allows you to receive passive mining income.

GMT is simple to use, and the team continues working on updates. GMT regularly gets listed on new exchanges (DEX and CEX) and soon plans to be listed on the most popular exchange – Binance.

For those concerned about security, good news: GMT integrated its token in secure wallets Trezor and Ledger.

GMT tokens are passive income that can be earned by users who invest in them. A token structure like this provides an investor with financial protection in the event of market volatility as well as additional income. By the way, in addition to the mentioned listing on Binance, the company has other major goals: in the next two years they plan to reach 4% of world BTC mining, in the long term – 20%.

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