Goofy Gophers Mining Club - Re-inventing Cloud Mining Through NFTs
Cloud mining and NFTs have already been explored thoroughly by crypto enthusiasts and profit-seekers. But while the first is relatively less known, the latter suffers from an ever-growing need for real-world utility. Read on to learn how the need to give NFTs a real-world utility and cloud mining fuse together to form the Goofy Gophers Mining Club’s pixelated jpegs:
Cloud Mining Crypto Using NFTs As Shareholder Pass
Cloud mining has been a popular venture for people who want to mine Bitcoin but lack the space, equipment or both. But while it allows paying for mining power, the hassle of dealing with monthly subscriptions can be very inefficient. In some cases, it could turn out quite expensive, too. That’s where The Goofy Gophers Mining Club comes to play. The gamified NFT collection on Cardano solves all obstructions with traditional cloud mining, giving its members a shareholder pass.
But What Does Cloud Mining Mean?
Cloud mining is a process by which people can use shared processing power run from remote data centres to mine cryptocurrencies. This allows individuals to mine cryptocurrencies without investing in expensive mining hardware or other equipment. The process typically involves the user paying a fee to the cloud mining company in exchange for a certain amount of mining power. The company then uses this power to mine cryptocurrencies on behalf of the user and returns a portion of the profits.
How Goofy Gophers Mine It Better
Goofy Gophers Mining Club (GGMC) is the first-ever NFT project introducing shared revenue through cryptocurrency mining. The initial mining allocation is split between a few cryptocurrencies (BTC, KDA, DOGE and LTC) with the prospect of enabling the DAO (The Juniper Room) to add more to the list.
In a sense, what the collection delivers is much like cloud mining. However, there are a few differences that give GGMC NFT holders a substantial advantage:
- The holders of the Goofy Gophers don’t have to pay for subscriptions and fees.
- Each 8,888 GGMC NFT gives a lifetime pass to the community and mining shares.
- The Goofy Gophers Mining Club members will start receiving 40% of the revenue in ADA.
- The rest of the profit will go to buying more ASIC miners and establishing a DAO treasury.
- Treasury funds will allow community members to invest in other crypto and non-crypto projects.
Final Thoughts
Cardano has always been the place to be when it comes to innovation. However, the Goofy Gophers Mining Club concept goes far beyond a single blockchain. Giving NFT holders the real-world utility to mine crypto is an aspect many will turn to if successful. And how would it not be? The project is continuously evolving, and it’s only a matter of time before using NFTs as a shareholder pass becomes a thing in crypto. In the meantime, follow GGMC on social media and become part of the fun!
