Loka Mining Partners with Gomining to Transform Bitcoin Mining
In a significant move towards democratizing Bitcoin mining, Loka Mining has signed a Letter of Intent (LOI) with Gomining, marking the beginning of strategic partnership. This collaboration gives Loka the access to the consistent hashrate supply from one of the leaders in the field.
The integration will begin in S1 2025, with the first phase of institutional opportunities expected to launch alongside Loka's decentralized mining pool.
A New Era of Mining
The collaboration introduces several key innovations:
- Seamless Access to Gomining’s Hashrate. Gomining’s consistent hashrate supply will be listed on the Loka Protocol, making it available to all of Loka Mining’s partners and users.
- Transparent Transactions Through Loka Protocol. With Loka Protocol, customers can enjoy a secure and fully transparent transaction process, providing peace of mind and trust in every deal.
Understanding Bitcoin Hashrate and Loka's Innovation
Bitcoin hashrate – the computational power used to mine Bitcoin – is traditionally locked behind high barriers to entry, requiring substantial capital investment in mining hardware and infrastructure.
Think of hashrate like mining power: the more you have, the better your chances of earning Bitcoin rewards. Through Loka's protocol, miners can now sell their future hashrate directly to users, similar to how farmers sell their future crop yields.
For example, a miner with 100 units of hashrate can sell 3 months of future mining rewards upfront, receiving immediate capital to expand their operations while investors gain access to Bitcoin at below-market prices.
This creates a win-win scenario: miners get upfront capital without selling their Bitcoin or risking liquidation from traditional loans, while investors can participate in mining rewards without the complexities of running mining operations.
For liquidity providers who stake their Bitcoin to facilitate these transactions, Loka protocol offers native yield through mining pool fees – a unique opportunity in the DeFi space where Bitcoin yield typically only comes from lending.
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"This partnership represents a crucial step in our mission to make Bitcoin mining accessible to institutional investors in a decentralized manner while providing miners with the capital efficiency they need,"
Andy F. Handika, CEO of Loka Mining
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About the Partners
GoMining is a digital mining platform that offers multiple ways to earn Bitcoin and leverage exposure to it via a user-friendly ecosystem powered by the GOMINING utility token. This ecosystem’s key offerings include digital miner collectibles linked to real Bitcoin mining power from GoMining's data centres; a competitive GameFi mining experience in the Miner Wars game; BTCfi launchpad and more.
Loka Mining is P2P forward hashrate marketplace protocol, having secured partnerships with major players like Hashlabs Mining (controlling 500 P/h hashrates) and backing from notable advisors including Charlie Shrem (Bitcoin Foundation) and Cedric Waldburger (Tomahawk VC).
Looking Ahead
This partnership represents just the beginning of our vision for democratized Bitcoin mining. Future developments will include self-repaying loans, options trading for mining contracts, and BTC-backed stablecoins, all built on our core principle of trustless, non-custodial operations.
For updates on this partnership and early access to institutional investment opportunities, visit lokamining.com or follow us on Twitter.
About Loka Mining: Loka is a P2P forward hashrate marketplace protocol that connects Bitcoin miners, liquidity providers, and retail investors in a trustless & non-custodial approach. Learn more at lokamining.com.
Press Contact :
Andy F Handika
Telegram/X: @TalkinAndy
Disclaimer
The information provided herein does not constitute an offer or recommendation for investment. The data presented may include approximations and should not be relied upon for making investment decisions. Consequently, prior to utilizing our services, you are advised to conduct an independent evaluation of the risks associated with our products and services.
