Recently, I've seen many friends in the community discussing how to make Bitcoin no longer "lie flat" and seeking so-called "sleeping income." Personally, I have also been following information in this area. Traditional BTC Mining is really a money-burning business; equipment, electricity, maintenance, each item is astronomical, which is basically unattainable for us ordinary investors. However, the BTC Mining in the "on-chain earn coin" launched by Gate recently has provided a whole new idea that has caught my attention. After some time of observation and personal experience, I would like to share my views with everyone.

First of all, its biggest highlight is the "zero mining machine era". This really hits the pain point of many people. In the past, whenever Mining was mentioned, the roaring mining machines and high-temperature server rooms immediately came to mind, along with the constantly rising electricity bills. Gate's on-chain Mining completely breaks free from these constraints; it is essentially a form of staking mining, where you stake your BTC into the platform's carefully selected PoS projects to contribute to the security and stability of the blockchain network, thereby earning rewards. This model is easy to understand and the operation is foolproof, you can find it on Gate's "earn coin" page. The entry threshold is very low, with a minimum of 0.001 BTC required to participate, which allows many friends with a small amount of Bitcoin to have the opportunity to engage in the "appreciation" of Bitcoin. Personally, I think this method is better than just leaving the coins in a wallet untouched, after all, bulls are short and bears are long, and it's always good to have some earnings.
Regarding the earnings, the announcement mentioned a reference annualized return of up to 3%, but in reality, it will fluctuate, which is quite normal since the market changes rapidly. In addition to this basic earnings, there is also an extra reward, which is distributed in GT, claiming an additional 2%. At first, I didn't have much feeling for GT and didn't know what to do with it once I got it. However, I gradually discovered that GT is quite useful on the Gate platform, for example, it provides discounts on transaction fees, which is the most practical function. If you trade regularly on Gate, the saved transaction fees can actually amount to a significant hidden profit. Moreover, holding GT can also enhance your VIP level, allowing you to enjoy more exclusive services. Although I haven't reached VIP yet, I feel it's a good long-term incentive. I think this design that links platform coins with earnings is quite clever, as it allows you to integrate into the Gate ecosystem while earning profits.
Another feature that I find very convenient is its liquidity. I have played with some staking products before, and the most frustrating part is that the funds are locked up, and the redemption period is particularly long. Sometimes when market opportunities arise, I want to withdraw but find it's too late. Gate's BTC mining product has no redemption period limits, and earnings are distributed in the form of GTBTC, which is pegged 1:1 to BTC, and the redemption is instant. This design is really user-friendly, giving me great operational flexibility to adjust my strategies based on market changes, making me feel much more at ease.