NFT Mining Clubs, The Future of Cryptocurrency Mining
Goofy Gophers Mining Club
The Goofy Gophers Mining Club is a collection of 8,888 on-chain gophers innovating mining through fractionalization and gamification. Its founder, Ryan Winchester, community manager, Aaron Wiles, and the rest of the team (who have been cryptocurrency enthusiasts since 2016) are bringing true decentralization back to mining.
Goofy Gophers is giving everyone the opportunity to access cryptocurrency mining without the headaches of expensive hardware, power generation, cooling, need for space or technical know-how. They use economies of scale as a big community to purchase and provide ASIC cryptocurrency miners at a fraction of the price individuals see. They also have a treasury (DAO) funded by mining that allows much wider access to crypto, other NFTs and more (more information below).
Each gopher NFT represents a profit share in the mining operations of the club and are fully tradable. Unlike many NFTs, these are not just Jpegs but represent access to layers upon layers of utility with mining at the foundation of it all.
Mining not only generates passive income for NFT holders but also helps secure the blockchain. One of the main concerns with cryptocurrency mining is the environmental impact of high electricity usage. Since GGMC is proactively using wind and solar for 88.5% of its power through their mining partner DC Mining, they ensure guaranteed uptime with minimal environmental impact and lower costs. This leads to a much more sustainable and scalable approach over the long term, especially as we see costs of natural gas and fossil fuels increase.
Crowdfunded Mining & NFTs 101
NFTs have become increasingly popular in the cryptocurrency space, but often lack real-world utility. The Goofy Gophers Mining Club (GGMC) is revolutionizing the NFT market by providing a unique use case for these digital assets.
Crowdfunded mining is a process of using the leverage that comes with a large community to buy in bulk and then fractionalize ownership, while NFTs are unique digital assets that are created and stored on a blockchain. In fact, NFTs have become so popular that it was deemed the word of the year in 2021 by Collins Dictionary.
The growing demand for real-world utility in NFTs has been recognized by crypto enthusiasts, investors, and even Hollywood celebrities, who are seeking to profit from their investments. GGMC is at the forefront of this trend, providing a sustainable and scalable solution to the problem of lack of utility in NFTs.
The Team Behind GGMC
The Goofy Gophers Mining Club was founded by a team of experts dedicated to offering quality and secure crowdfunded mining services and innovative ways for users to benefit from the growing blockchain industry. With their pixel art, they have opened up a new frontier of possibilities for NFTs and given them real-world utility.
The project has an extremely effective multidisciplinary team from different backgrounds. Ryan has been in finance and robotics since 2016 and found crypto to be a good intersection of his interests. He is passionate about any individual, no matter their knowledge, capital, or spare time being able to get access to the innovation in the crypto space, and is making a single gopher the best vehicle to do so. Aaron, the community manager, is an expert in electronics who is fascinated by the technology of the miners themselves. Finally, the team has an extremely talented artist, and backing from a legal firm.
How Goofy Gophers is Unique
The Goofy Gophers Mining Club is paving the way for a new era of financial independence, allowing users to make the most of the opportunities we see in crypto and benefit from crowdfunded mining, NFTs and more.
For those looking to join the cryptocurrency revolution, they offer an exciting and secure way to do so at a meager cost compared to purchasing cryptocurrency miners (ASICs) as an individual. Plus, they provide an entire team of mining and crypto experts to do the heavy lifting for you, in addition to always buying the latest machines so you can be at the top of your game.
Sustaining Treasury
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Goofy Gophers is one of the first NFT projects with a revenue source. A portion of mining revenue goes into its treasury. From there they can get much wider exposure to crypto, other NFTs and trading bots while doing exciting internal projects like merch. All potential returns will benefit holders in the same gamified way.
All ideas are welcome in the GGMC and all major decisions are made by a holder vote. Additionally, new machines are bought with a portion of the revenue to keep the machine count sustainable and ensure the latest technology.
Unique Art & Storytelling
Goofy Gophers also achieves depth in other areas with imaginative storytelling and artwork to bring the gopher world to life. Their pixel art style with depth (shadows and perspective) brings a real sense of nostalgia. They also have rich lore behind the project by gaining guidance from a published fantasy author! Every single gopher has a story: they have unique names; they all have a location tied to them and various other interesting metadata which culminates in a world that feels alive!
Variety of Characters
Not every gopher is created equal. When you mint a gopher, it’s random which type you get. There are seven different types all with different rarities and utilities. Royals (the rarest) get a tax on all other gophers; miners get a boost to mining payouts and merchants get a share in secondary market royalties. For more check out the GGMC minepaper!
Final Thoughts
The Goofy Gophers Mining Club is a great example of what can happen when two powerful technologies – crowdfunded mining and NFTs – are combined and given real-world utility in a thoughtful way. Whether you’re looking to make a profit or simply have fun, their pixel art offers an exciting new way to get involved in the cryptocurrency revolution.
To learn more about how it all works, check out this interview with James Pelton. You can also talk directly to this rapidly growing community in the Discord: GGMC on Discord
