GoMining, a platform that offers mining power tokenization through non-fungible tokens (NFTs), is partnering with watchmaker Jacob & Co. to release a mechanical watch with a Bitcoin mining monitoring feature.
The announced kit, called the Epic X GoMining, consists of a Jacob & Co watch and a digital miner with a capacity of 1,000 terahashes. To use the mining device, you need to activate your GoMining account, which allows you to manage your activity on the platform.
The digital miner is an NFT for virtual mining power, allowing Bitcoin mining through GoMining data centers. The creators of the watch promise to send daily Bitcoin rewards to the GoMining account owner’s wallet, minus fees that cover electricity costs and maintenance.
The watch itself features a 44-mm black titanium case with a diamond-like carbon (DLC) coating, offering wear and scratch resistance, according to the announcement. The watch movement is expected to be hand-wound, and the dial will feature the GoMining logo and a symbol of Bitcoin. The price of the watch is $40,000, and the manufacturer plans to produce a limited edition of 100 pieces.
Jacob & Co. plans to sell the Epic X GoMining watch in its New York and Miami showrooms, as well as through its official website. The collection’s official debut was announced at the GoMining booth during the Consensus Hong Kong crypto conference, scheduled for February 10–12.
“Partnering with a renowned brand will allow us to enter the luxury goods market and introduce this audience to the world of mining and cryptocurrency if they are not already aware of them,” said GoMining CEO Mark Zalan.
According to The Wall Street Journal (WSJ), major mining companies have begun repurposing their data centers for artificial intelligence tasks due to declining revenues from Bitcoin mining.
