What is BTC Mining?

Gate’s BTC Mining service enables users to stake their BTC and participate in on-chain yield generation through the issuance of GTBTC, a wrapped token. The platform operates on a PoS-based on-chain staking model, with returns reflected in GTBTC’s appreciating value. Key statistics at a glance:

• Total Staked: approximately 968.77 BTC
• Indicative Annual Yield: approximately 3%
• Exchange Rate: 1 GTBTC ≈ 1 BTC

For the most up-to-date figures, please refer to the official website.

How to Participate in BTC Mining?

Step 1: Stake BTC

When you stake BTC, the platform automatically issues an equivalent amount of GTBTC to you. GTBTC serves as your wrapped token for participating in on-chain yield.

Step 2: GTBTC Value Appreciation

The on-chain yield directly increases the value of GTBTC, representing the mining returns generated by your staked BTC.

Step 3: Flexible Redemption

You can redeem your BTC at any time by using your GTBTC. The amount of BTC you receive is based on the prevailing exchange rate at the time of redemption. As a result, you may receive more BTC than you initially staked.

To begin staking BTC with Gate, visit: https://www.gate.com/staking/BTC

Why Choose BTC Staking Mining?

• Ultra-Low Entry Barrier: Join with as little as 0.001 BTC—suitable for both newcomers and long-term holders.
• Flexible Access: Stake and redeem quickly, allowing you to adapt seamlessly to market trends and your portfolio strategy.
• Automatic GTBTC growth: You do not need to take manual action—your GTBTC continuously accumulates yield, and its value compounds steadily over time.
• Over-collateralization protection: Gate utilizes an over-collateralization system, ensuring the safety and full protection of every user’s assets.

GTBTC Yield Source Overview

Gate partners with multiple Bitcoin DeFi protocols to secure diverse on-chain rewards for BTC stakers. These rewards are ultimately converted into BTC by the platform and passed on to users via the GTBTC/BTC exchange rate, directly reflecting your realized returns.

Exchange Rate and Yield Calculation

• The exchange rate is variable and updated based on total on-chain yield, typically every 2 to 3 days.
• Within each cycle, the exchange rate is fixed. Redeeming after an update entitles you to the yield realized in the new cycle.
• Acquiring GTBTC by staking or secondary purchase provides the same yield and exchange mechanism.

Summary

Gate’s BTC mining product simplifies traditional staking and provides a more flexible, transparent, and accessible experience. Whether you’re a long-term holder or short-term arbitrage trader, you’ll find stable returns and new earning opportunities.