The Beginner’s Guide to Ethereum

Iulian Lesanu • October 2, 2019

Ethereum is a public computing network for decentralized applications that operates on a global scale.

Ethereum is often thrown into the same basket with Bitcoin by crypto neophytes. However, besides its cryptocurrency token Ether (ETH) there are very few similarities between the two.

Ethereum has a more far-reaching use of blockchain technology as it enables users to develop and run almost any type of code, store it on the ledger and let it gain authenticity through smart contracts and the participation of the entire platform.

Ethereum empowers people from everywhere in the world to deal between them without the need for intermediary actors. As a result, not only monetary transactions but also the exchange of services, information, knowledge, and goods can take place at a lower cost and without the impositions of a traditional centralized institutions.

Ethereum in a Nutshell

  •       Initially released in 2016 by Vitalik Buterin
  •       It is a decentralized ledger, constantly verified and updated
  •       It enables developers to run any type of code they want
  •       It uses Ether – a cryptocurrency second only to Bitcoin
  •       It enables the creation of self-executing codes called smart contracts
  •   It allows the development of venture capital funds as decentralized autonomous organizations (DAOs)
  •       It is a public, stateless platform that uses internal Turing-complete software called Ethereum Virtual Machine (EVM)
  •       You can either mine for Ether or buy it in exchange for standard currency or other cryptos

What is Ethereum?

Ethereum is an open-source, trustless, decentralized network of computers that use a unique coding language and blockchain technology to exchange applications for cryptocurrency tokens of value, called “Ether”. There are over 8,000 computers (operators) worldwide engaged in this process at the moment.

The entire Ethereum network works like a programmable blockchain. It uses a peer-to-peer protocol to allow users to create applications or “smart contracts” which they can add to the blockchain and execute by sending Ether to them.

As the platform’s website puts it: “on Ethereum, you can write code that controls digital value.” The codes are called “smart contracts,” and since the network is public and global, anyone can create and run a smart contract by paying the operators in Ether.

A decentralized platform means that each smart contract that takes place on it is stored on computers in multiple locations. The veridicality of these contracts is proven by the entire network and not by an all-governing authority as it is the case with software and applications that do not rely on blockchain technology.

Ethereum is not under the control of any governmental authorities or banking institutions. The Ethereum platform is fully autonomous and its authenticity is given by the thousands of computers and volunteers that work on it around the world.

What are Ethereum Smart Contracts?

Ethereum Smart Contracts are pre-defined self-executing codes that users add to the blockchain, and which signal an agreement between two or more parties. They run on the Ethereum Virtual Machine (EVM), which is the totality of all the Ethereum nodes (computers) around the globe.

When the requirements of a smart contract are met, the code is executed without the need for approval from a third entity.

For example, you could build a freelancing-like platform on top of Ethereum. There, independent professionals and businesses could meet to exchange services through smart contracts. A contract could be written to say that when a certain service is met by a content creator, the payment agreed by the contracting business transfers to the freelancer’s account without the need for the platform’s approval, and more important, without the platform taking a commission fee from the contract like all real-life freelancing platforms do.

This is just an example, but there are endless possibilities and purposes for using smart contracts. More and more companies use Ethereum and its interpretation of blockchain technology to develop apps, games and programming software.

What are Ether Tokens?

Ether is a digital currency, a token or a virtual property that is associated with Ethereum.

Developers that wish to create apps on top of Ethereum have to pay the nodes on the network a certain amount of Ether. The people who later want to use those apps may also need to pay for them in Ether.

Additionally, you can pay for services in Ether or ask for it as payment outside the platform. Similar to other forms of cryptocurrency, you can exchange Ether for cash or other cryptos (ex. Bitcoin).

Some services and cryptocurrency exchange websites tend to alternate the name of these tokens between Ether and Ethereum, although they represent the same thing.

What is DAO?

Also known as a decentralized autonomous organization, the DAO was a stateless, venture capital fund that aimed to provide a business platform for companies that also adhered to a decentralized model of financial ventures. It was founded in 2016 on the Ethereum blockchain through the largest crowdfunding campaign in history then which amassed more than $150 million.

The DAO creators reported a recursive call bug within the software and told the members who already financed more than 50 projects that their investments were not at risk. While the Ethereum network was still impenetrable, the DAO platform became the victim of a hack attack on 18 th of June 2016 that saw the transfer of 3.6 million Ether tokens into a “child DAO” – a platform with a similar structure to DAO.

The hack made the price of Ether drop from $20 to $13 and drained almost a third of the entire number of tokens present at that time. The value of lost Ether was estimated at $50 million. In the aftermath, two sides emerged, out of which one claiming that the working algorithm of Ethereum was unbreakable, and another asking for a hard fork in the protocol that would return the stolen funds to the investors and prevent future hack attacks.

The second side won, and in July of 2016 Buterin confirmed the hard fork, which did not please some of the Ether miners. They did not adhere to the newly created chain (Ethereum) and chose to follow the old protocol which became known as Ethereum Classic (ETC).

At the moment, the Ethereum community is still divided, but new investors, developers, and miners choose to run codes on the new, forked Ethereum chain. Both Ethereum, and ETC remain two popular cryptos that are actively developing and strengthening their positions on the market.

How Does Ethereum Work?

The Ethereum network is run by the Ethereum Virtual Machine that executes scripts and enables developers to run any type of code that they want from smart contracts to DAOs.

The Ethereum protocol is subject to periodic upgrades that improve its architecture and security. It has a universal value that allows users to build and run any type of smart contract or transaction. One can develop games, businesses, apps, p2p modules or organizations without being subject to censorship or discrimination.

How is Ethereum Different from Bitcoin?

It is easy to confuse Ether or Ethereum with Bitcoin if you are new to cryptocurrency, but there are essential technical differences between the two virtual coins.

Bitcoin was the first-ever cryptocurrency that used blockchain technology to create a fully decentralized, peer-to-peer global network. It enabled people to make currency transactions without the supervision of traditional intermediaries like governments or banks. It was a flickering light in the overwhelming darkness that was looming over our financial understanding and intelligence.

Think of Bitcoin as Gutenberg’s printing press, an invention that sparked a revolution and changed the world of publishing forever. Many other inventors and publishers took Guttenberg’s example and created new presses by using the technology that he proposed. Some improved on his work, while others used the same concepts to build different types of presses.

Ethereum is very much like that. It uses the same technology (blockchain) that Bitcoin uses to create an alternative form of cryptocurrency but it enhances its applicability for a broad range of diverse purposes. It is not better, nor worse. It is different.

One of the main differences between Bitcoin and Ethereum is that the last-mentioned takes blockchain technology to create an entire network with a unique coding language, a custom-made payment system, and its very own Internet browser. Additionally, it enables users to produce decentralized applications on its blockchain and run almost any code they want.

A Brief History of Ethereum

In November of 2013 , a 19-year old Russian-Canadian programmer by the name of Vitalik Buterin published the Ethereum whitepaper . His proposal was that of a platform which could use blockchain technology to store and implement computer programs through an international web of distributed nodes.

In January of 2014 , at the head of a stellar development team that included Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson, Buterin announced publicly the development of the Ethereum platform. At the same time, the team started an ICO project that amassed $18.4 million in less than 7 months .

In May of 2015 , the first Ethereum testnet “Olympic” was released and was followed by “Frontier” as the first stage of development in July of the same year.

The 14 th of March, 2016 marked the official release of Homestead – the first stable Ethereum. In June , less than three months from its release, Ethereum suffers the infamous DAO hack that saw $50 million worth of Ether – almost 15% of the total Ether in circulation at the time – disappear.

From 2016 through 2019 , Buterin and his team announced several updates to strengthen and secure the original Ethereum protocol: The Classic fork ( October 25, 2016 ), The Metropolis Byzantium hardfork ( October 16, 2017 ) and The Metropolis Constantinople hardfork ( February 28, 2019 ).

How to Own Ether

You can acquire Ether by either mining for it or buying it for traditional currency or other cryptos. In both cases, you will need an electronic wallet for cryptocurrency to store the tokens.

If you wish to mine for Ether, you will need to set up a Graphical Processing Unit ( GPU ) and join an Ethereum mining pool. The process is similar to Bitcoin mining, with the exception that Ethereum blockchain stores both your transactional history and the current state of the network.

The Benefits of Using Ethereum

Ethereum brings significant changes to the blockchain technology and provides essential benefits to its users, such as:

  •       The Ethereum network cannot be turned off, which means that apps and businesses that use it can never turn off
  •       It is impenetrable to modifications from third parties
  •       The network’ security is given by the users’ consensus on proof of work and the cryptographic protocol that is at the base of all transactions
  •       Ethereum cannot be tampered with by intermediary actors like governments or banking institutions

The Downsides of Using Ethereum

While the DAO hack of 2016 alerted users about potential hacks and vulnerabilities to smart contracts, Ethereum remains a highly dependable and secure computing network. On the other hand, the obsession with keeping security protocols running at maximum capacity harms mainstream users that are looking to run new applications on the blockchain. As a result, the cost of Ether remains high and inaccessible to many developers.

Final Thoughts

The cryptocurrency industry has its superstar player that enjoys worldwide popularity in Bitcoin. However, Ethereum is not lagging far behind the famous crypto, and it is rapidly developing a loyal community of developers who embrace the option to run any kind of code they want on its blockchain.

As it stands, Ethereum is one of the most important revelations of blockchain technology and most probably the no.1 platform for decentralized applications of the future.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
By press release April 28, 2025
Bitcoin has grown from a fringe technological curiosity into a major financial asset, and at the heart of its ecosystem lies one of its most powerful mechanisms: mining. But while mining was once the domain of tech-savvy enthusiasts with custom-built rigs, it has now become increasingly accessible to anyone with a smartphone. For those wondering how to mine Bitcoin or is mining bitcoin profitable in today’s world, the answer might just lie in the palm of their hands. How Bitcoin Mining Works Bitcoin mining is the process by which new bitcoins are entered into circulation and transactions are verified and added to the blockchain. Miners solve complex cryptographic puzzles to validate blocks of transactions. The first one to solve it gets rewarded with newly minted Bitcoins and transaction fees. This system ensures network security and maintains the decentralized nature of Bitcoin. In the past, mining required expensive hardware (like ASICs), constant energy consumption, and deep technical know-how. But recent innovations have given rise to mobile-friendly methods that offer alternative ways to participate in the mining ecosystem. Methods of Bitcoin Mining via Mobile Apps Cloud Mining: This method allows users to rent mining hardware hosted in remote data centers. Users lease a portion of mining power (hash rate) and earn a share of the mined Bitcoin. Many cloud mining platforms offer apps to monitor earnings. However, some cloud mining services have been criticized for a lack of transparency and reliability. Mobile Mining: These apps claim to mine Bitcoin directly from your phone by using its CPU or GPU. However, due to limited processing power, energy inefficiency, and wear on devices, mobile mining is generally inefficient and mostly unprofitable. Many apps in this category are more simulations than real mining tools. Digital Mining: A more advanced alternative, digital mining involves owning hash power tied to real-world mining hardware, without ever having to manage physical equipment. Through platforms like GoMining, users buy digital miners via mobile apps and earn daily Bitcoin rewards based on their virtual miner's hash power. This approach bridges real mining infrastructure with digital convenience. How to Choose a Bitcoin Mining App Selecting the best Bitcoin mining app requires careful research. Here are some key things to consider: Transparency: Make sure the bitcoin mining app provides clear information about how it works, what kind of rewards you can expect, and how mining is executed. Legitimacy: Check for user reviews, community feedback, and platform transparency. If an app promises sky-high returns with no effort, it might be a scam. Ease of Use: A good crypto mining app should be user-friendly, with intuitive navigation and helpful features such as dashboards, tutorials, and support. It’s a plus, if the app is easy for newcomers. Performance Tools: Features like a built-in crypto mining calculator help users estimate potential rewards based on input variables like hash power and token holdings. Cross-Platform Compatibility: Look for apps that work across multiple devices, including a Bitcoin mining app for Android and other mobile platforms. Ecosystem Support: Some apps go beyond mining, offering gamified tasks, referral bonuses, or access to early crypto project launches. What to Avoid Unrealistic Promises: If it sounds too good to be true, it probably is. Avoid apps guaranteeing huge returns in short periods. Poor Reviews or Lack of Information: A quick search should reveal whether the app is legitimate or has issues. Fake Mining Games: Many apps posing as " mining games " only simulate mining activity without any real payouts. Lack of Contact Info or Support: A legit app should have accessible customer service and a traceable company behind it. GoMining: A Hybrid Platform with Real Mining Power One of the most talked-about platforms in the digital mining space is GoMining. Designed to simplify access to real Bitcoin mining, GoMining lets users buy digital miners linked to physical mining hardware in professional data centers. Unlike typical cloud services, GoMining provides full transparency and offers real-time mining rewards, tracked directly in the app. It's not just a bitcoin mining app, it's a fully-fledged crypto mining ecosystem that includes: A user-friendly interface is available as an app for both Android and iOS, and as a desktop version. Tools like a calculator and the dashboard are used to estimate your earnings. Additionally, there are options to upgrade your miners and interact with your farm within the app. The GOMINING token is the native token of the ecosystem. It fulfills several purposes, among which is the option to pay for maintenance with a discount of up to 20%. The GOMINING token can also be used to gain access to voting and locked presales of Bitcoin projects on the launchpad. Giveaways, airdrops, and other perks help to enhance earning potential. Two mining modes include Solo mining and Miner Wars, a clan-based game. Whether you're a beginner or an experienced user, GoMining simplifies the process while maintaining real earning opportunities. It's widely discussed in positive GoMining app reviews and seen as one of the best Bitcoin mining app options available. Final Thoughts So, is Bitcoin mining profitable in 2025? The answer depends on your approach. Traditional methods may no longer be accessible to everyday users, but new technologies and platforms like GoMining offer modern, user-friendly alternatives. With the right research and a smart strategy, mining Bitcoin via apps can still be profitable, especially when using platforms designed for transparency, scalability, and long-term growth. If you're exploring Bitcoin mining apps , look for legitimacy, user trust, and real-world connections to mining infrastructure. Digital mining through trusted platforms offers a fresh way to participate in the Bitcoin economy, one that doesn’t require cables, coding, or constant maintenance. As the industry evolves, the tools we use must evolve too. Choosing the right app could make all the difference between a missed opportunity and a new stream of crypto income. The main thing to remember is that every user should do thorough research before committing to one app. There’s a reason DYOR (do your own research) is the motto of the most successful crypto traders and experts. 
By press release April 28, 2025
Time to Troll Your Way to Riches Crypto enthusiasts, prepare yourselves: Troller Cat is about to hit the scene with a presale launch on May 2nd, 2025 . Tapping into the electrifying meme coin space, this cat-themed token is quickly becoming the center of buzz across crypto communities—and early signs suggest it could be the next breakout star. If history is any guide, the biggest wins in crypto often come before a project captures mainstream attention. With Troller Cat’s presale imminent, the opportunity to get in early on what could be a viral sensation is rapidly closing. Introducing Troller Cat ($TCAT): A New Meme Legend in the Making Everything about Troller Cat—from its branding to its strategic rollout—signals viral potential. During its recent whitelist phase, social media exploded with anticipation, setting the stage for what’s shaping up to be one of the hottest presales of 2025. Early adopters are seeing strong fundamentals behind the meme: beyond its playful theme, Troller Cat brings serious tokenomics to the table. Featuring a deflationary model and a rewards system based on community staking, the project’s foundation is designed not just for hype—but for longevity. Timing is Everything Like the meme coins that came before it, Troller Cat is building viral momentum at an unstoppable pace. Its growing community, clever marketing, and thoughtfully crafted roadmap all hint at major upside potential. On-chain data and early Discord leaks point toward a sustainable token model, where mechanisms like token burns and staking rewards fuel ongoing community engagement and price support. For investors looking to ride the next major wave, this could be a defining moment . What Sets Troller Cat Apart? While Troller Cat fully embraces its meme roots, the project is serious about real-world execution. Built on a clean, scalable blockchain—expected to be Ethereum (ERC20)—the token is engineered for speed, low gas fees, and wallet-friendly integration, all essential factors for achieving mainstream adoption. The project’s official website, Trollercat.com , is already a buzzing hub for crypto enthusiasts and cat lovers alike. With plans for a play-to-earn Game Center, robust staking mechanisms, and future centralized exchange listings, the roadmap mixes humor with hard business acumen. From their viral whitelist campaign to carefully planned strategic partnerships, the Troller Cat team knows how to balance chaos with coordination—keeping the spirit of meme culture alive while building long-term value. The Final Countdown While crypto presales naturally carry risk, they also offer the rare opportunity to invest before mass adoption. With Troller Cat’s presale starting May 2nd , early participants could be positioning themselves ahead of what many predict will be one of 2025’s most electric meme coin launches. And for those thinking of waiting for public exchange listings? Remember: early adopters often set the price for everyone else. Glossary of Terms: Troller Cat – A meme-inspired crypto project launching its presale on May 2nd, 2025. Presale – An early-access investment phase before a token’s public launch. Whitelist – A pre-approved list of users granted early entry into a presale. Deflationary Token – A token that reduces its supply over time, often increasing scarcity. Play-to-Earn (P2E) – A gaming model where players earn crypto rewards for participating. Tokenomics – The economics and structure governing a token’s supply and incentives. Staking – Locking tokens for rewards, enhancing network security and project growth. Frequently Asked Questions: When is the Troller Cat presale launching? The presale officially starts on May 2nd, 2025. How can I join the Troller Cat whitelist? Visit trollercat.com and follow the simple instructions to secure your spot. Is the Troller Cat token deflationary? Yes, Troller Cat will feature token burns and other supply-reducing mechanics. What blockchain will Troller Cat use? While early reports pointed toward BNB Chain, updated confirmations indicate Troller Cat will launch on Ethereum (ERC20). What makes Troller Cat unique? Troller Cat combines viral meme culture with real utility, including staking rewards and future Game Center integrations. Can Troller Cat tokens be staked? Yes, staking features are expected shortly after the presale concludes. Is Troller Cat a safe investment? As with all crypto investments, there are risks. Always conduct your own research (DYOR) and review smart contract audits and KYC when available. About Troller Cat Troller Cat is a meme-inspired cryptocurrency project designed to blend viral internet culture with real-world blockchain utility. Launching its presale on May 2nd, 2025 , Troller Cat aims to build one of the most dynamic and entertaining communities in crypto. Powered by a deflationary token model, staking rewards, and future play-to-earn (P2E) integrations, Troller Cat delivers both humor and substance. Built on the Ethereum (ERC20) network for speed, scalability, and low fees, the project’s mission is to bring meme lovers and serious investors together in one electrifying ecosystem. Learn more at Trollercat.com . 
By press release April 26, 2025
The transformation that Bitcoin went through, from a niche digital currency to a globally recognized asset, has revolutionized how we think about money, investment, and technology. By advancing decentralized finance, Bitcoin directly challenged the existing financial institutions. With the surge in interest came a growing need for innovative approaches to access this ecosystem. That’s why Bitcoin mining , once an obscure activity reserved for early tech adopters, has quickly grown into a sophisticated, multi-tiered industry. Today, it’s even more than that. Cryptocurrencies live by their own laws and regulations; there are trends to follow, and elements to understand before getting involved. Yet, despite Bitcoin’s evolution, it continues to face challenges that require new, user-friendly solutions. The Traditional Path: From CPUs to ASICs In the early days of Bitcoin, enthusiasts mined using their personal computers’ central processing units (CPUs). The power was more than enough, and the lack of interest in a new, untested technology didn’t allow for Bitcoin to make waves. Still, as competition grew, users upgraded to more powerful graphics processing units (GPUs), which offered better efficiency. The popularity of Bitcoin also surged, and that’s when Bitcoin mining slowly stopped being just a hobby. Eventually, application-specific integrated circuits (ASICs) became the standard for serious miners, offering unparalleled speed and energy efficiency. But ASICs are expensive, consume large amounts of electricity, and demand constant maintenance. Large facilities led by companies spearheaded the change and Bitcoin mass adoption . This evolution effectively shut out the average user from participating in mining. Today, running an independent mining operation requires significant capital, technical knowledge, and physical space. There are seemingly too many barriers that deter mainstream adoption. Mining as a Service: Cloud and Mobile Solutions To bridge this gap, cloud mining platforms were created. These services allow users to rent hash power from remote data centers without dealing with hardware directly. While more accessible, cloud mining platforms often lack transparency, and many have been accused of being Ponzi schemes. Some users never see a return on their investment, and that’s just part of the issue. Companies often offer a locked contract that doesn’t allow a user any control over their mining operation. Meanwhile, mobile mining apps claim to offer Bitcoin mining on phones, using device CPUs or offering simulation-based experiences. These apps are typically inefficient, power-draining, and often function more as marketing tools than real mining mechanisms. Nonetheless, they illustrate the public demand for convenient and passive income apps tied to Bitcoin. Digital Bitcoin Mining: The Most Modern Approach Digital mining is an evolution of both cloud and mobile mining. It enables users to own digital miners. A digital miner is a virtual asset that represents actual hash power in professional mining facilities. Unlike cloud mining contracts, digital miners are ownable. As such, they can be upgraded, sold, or transferred, offering more control and transparency. Digital mining removes the need for hardware ownership, offering users real mining rewards without the hassle of dealing with the issues related to traditional mining. It represents a step forward in making legit Bitcoin mining accessible to anyone, anywhere. GoMining: A Digital Mining Ecosystem A leader in this new wave is GoMining, a crypto mining website that offers a fully digital experience. Through its app and web platform, users can purchase and manage digital miners that are directly linked to physical mining operations. GoMining combines ease-of-use with real mining infrastructure. It's a Bitcoin mining website designed for both beginners and seasoned crypto users. The core of its ecosystem may be built around accessible Bitcoin mining, but there’s so much more to the platform. What sets GoMining apart is its holistic approach: Two Mining Modes: Aside from solo mining, which allows users to acquire daily BTC rewards according to the power of their farm, there is another mode. Miner Wars is a clan-based mining game, in which players join clans and compete against each other for rewards. Launchpad: A Bitcoin-centric launchpad allows Bitcoin projects to present their tokes for pre-sale. GOMINING Token: Used to pay maintenance fees at a discount, access token presales, and participate in the ecosystem through voting. The tokens can also be invested in a liquidity pool . Secure Wallet: Integrated features that allow users to hold and store their Bitcoin rewards and GOMINING tokens. Passive Income Potential: Rewards are distributed daily, and users can optimize earnings through strategic upgrades and in-game participation. LBH (Level-Based Hashrate): A tiered system that rewards long-term engagement and miner power accumulation. The GoMining platform is available as a Bitcoin miner app , suitable for mobile devices and providing Bitcoin mining on phone without draining local resources. This makes it a strong contender among crypto mining sites aiming for mass adoption of Bitcoin. Why Digital Mining Matters Digital mining lowers the barriers to entry in the Bitcoin mining world. It provides an accessible gateway into an otherwise complex industry. For those asking whether mining is still profitable, the answer is nuanced. It can bring considerable rewards, but only when done through efficient, transparent, and legitimate platforms. GoMining’s transparency, use-case versatility, and gamified features make it one of the most promising players in the space. It transforms passive income apps into real revenue channels tied to blockchain infrastructure. As Bitcoin continues its journey toward global acceptance, platforms like GoMining will play a crucial role in democratizing access to mining. They are not merely tools, they’re part of the broader movement toward decentralized financial empowerment. Final Thoughts The landscape of Bitcoin mining is shifting. From hardware-heavy operations to app-based solutions, the evolution has opened doors for millions of new participants. Digital mining, exemplified by GoMining, is the most advanced iteration yet. It offers the security of real hash power with the ease of mobile access. In navigating the challenges of Bitcoin mining, GoMining and similar passive income apps offer clarity, control, and opportunity.  They bring us one step closer to true Bitcoin mass adoption, where earning BTC is not limited to those with tech labs and industrial budgets, but is available to anyone with a phone and a plan.
By press release April 26, 2025
One doesn’t have to be a Bitcoin Maximalist to realize that Bitcoin is the cornerstone of all crypto. Whenever the environment is good for the world’s no.1 cryptocurrency, it’s favorable for all the rest of them. But like any trend with high potential, in time, Bitcoin has become somewhat inaccessible. After its price had soared, Bitcoin quickly captured the attention of large companies, turning mining from an enthusiast-exclusive hobby into a massive business with huge mining farms working day and night. Mining Bitcoin: The Hidden Barriers to Entry What is mining Bitcoin really about? Without getting into the technicalities of it, mining is a process of minting new Bitcoin and rewarding it to users for solving complex math problems, using their hash power. Said hash power usually comes from either a powerful GPU or an even more powerful ASIC miner device. Those can be expensive, which is why average users don’t always view mining as a potential source of passive income . The initial investment, summed up with monthly payments for electricity and maintenance, makes it a high-risk operation without a guaranteed return. It doesn’t help that after each halving, rewards for the same amount of work are cut in half. While this is what keeps Bitcoin supply balanced, it renders a lot of mining equipment obsolete after only 4 years of service. In that sense, traditional mining requires more than just knowledge of the equipment and even more than being prepared to offer a hefty initial investment. It requires strategy and understanding of the trends as well as the ins and outs of the market. As a result, many users, even potentially interested in mining, had to resort to watching Bitcoin succeed from the sidelines, never having a chance to participate in its growth. There should be ways to remedy that. Mining Going Digital Digital mining is a relatively new approach based on something called Liquid Bitcoin Hashrate . Essentially, we are dealing with digital miners – virtual devices connected to real physical data centers. These devices can be upgraded, sold, and bought. The first collection of digital miners – The Greedy Machines – was released by GoMining in 2022. Digital Mining vs. Cloud Mining: What’s the Difference? While both digital mining and cloud mining aim to make Bitcoin mining more accessible, they differ significantly in structure, ownership, and long-term value. Understanding the differences between them can help users make smarter decisions when choosing how to mine. Cloud mining is a service-based model. Users rent a portion of mining power (hashrate) from a provider who owns and operates the physical equipment. In exchange, the user receives a share of the mining rewards. However, cloud mining contracts are often time-limited, opaque, and rigid. Users typically have no control over the equipment, can’t upgrade it, and are locked into contracts that may not be profitable if Bitcoin prices drop or network difficulty increases. Digital mining, introduces a more transparent and ownership-based alternative. Instead of renting power, users own a digital miner. This gives the user autonomy over their asset. Rewards are issued daily or weekly, based on the mining mode, and users can track their performance in real time via an app. One of the key differences lies in flexibility and strategy. With GoMining’s digital miners, users can reduce costs using GOMINING tokens, apply promo codes, or enhance earnings through perks like GoMiner avatars. This isn’t possible in traditional cloud mining setups, which tend to offer a fixed, “set-it-and-forget-it” approach. Ultimately, digital mining offers greater transparency, control, and earning potential. When it comes to passive income ideas , an ecosystem that empowers users to make strategic decisions and benefit from long-term participation in the mining economy is the best way to go. Understanding the GoMining Ecosystem The GoMining ecosystem is a powerful reimagining of how Bitcoin mining can work in today’s fast-paced, digital-first world. By removing the traditional barriers of entry, like expensive hardware, high electricity costs, and technical know-how, GoMining has made mining accessible to virtually anyone. Whether you’re a seasoned crypto enthusiast or a newcomer looking to generate passive income, GoMining offers a streamlined and user-friendly alternative to conventional mining operations. But GoMining is more than just a mining solution. It's a comprehensive platform that introduces multiple layers of utility, strategy, and gamification. One of its standout features is Miner Wars , a play-to-earn game where users form clans and compete for BTC and GOMINING token rewards. It blends entertainment with earnings, making mining more engaging and social. Another cornerstone of the ecosystem is the GoMining Launchpad – a crypto launchpad that provides early access to promising Bitcoin projects. This allows GOMINING token holders to diversify their holdings and invest in new crypto ventures ahead of public listings. It's an intelligent way to extend earning potential beyond traditional mining. GoMining also helps users save and optimize earnings through several integrated features. For example, paying maintenance fees with GOMINING tokens gives users up to 20% in discounts. Everything within the ecosystem is designed to work together: users mine BTC, earn and spend GOMINING tokens, use the app to manage activity, and grow their influence through the VIP and referral systems. The GOMINING token price is tied to the platform’s success, making it an integral part of the long-term value proposition. Bitcoin Mining in 2025? Today, in 2025, many newcomers to the crypto world wonder how to earn Bitcoin and what is Bitcoin Mining . The good news is, it’s not just by trading anymore. The landscape of mining has, indeed, changed.  But thanks to accessible platforms, like GoMining, mining Bitcoin is once again possible without large investments or extensive tech knowledge. There is a way to make decentralized finance appeal to more people, and digital mining is certainly one of those ways.
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