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The GoMining platform, which offers tokenization of mining power using non-fungible tokens (NFTs), together with watch manufacturer Jacob & Co. plans to release a mechanical watch with the function of monitoring bitcoin mining.
The announced kit, called Epic X GoMining, consists of Jacob & Co and a digital miner with a capacity of 1000 terahash. To use a mining device, you need to activate your GoMining user account – this will allow you to manage your activity on the platform.
The digital miner is an NFT for virtual power, which allows you to mine bitcoins through GoMining data centers. The creators of the watch promise to send daily Bitcoin rewards to the GoMining account owner’s wallet, minus commissions that will go towards covering the cost of electricity and maintenance.
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The watch itself has a 44-mm case made of black titanium coated with diamond-like carbon (DLC), and is wear-resistant and scratch-resistant, according to the announcement. It is assumed that the watch mechanism will be manually wound, and the GoMining logo and a symbolic image of Bitcoin will appear on the dial. The price of the watch will be $40 000, the manufacturer plans to produce a batch of 100 copies.
Epic X GoMining watch Jacob & Co is going to sell in its showrooms in New York and Miami, as well as through the official website. The official debut of the collection was announced at the GoMining booth during the Consensus Hong Kong crypto conference, scheduled for February 10–12.
“Collaboration with a well-known brand will allow us to enter the luxury goods market, as well as introduce this audience to the world of mining and cryptocurrencies if they don’t already know about them,” said GoMining CEO Mark Zalan.
According to The Wall Street Journal (WSJ), large mining companies began to repurpose their data centers for artificial intelligence tasks due to declining revenues from Bitcoin mining.
