PANews reported on May 5th, citing Forbes, that Bitcoin mining company GoMining announced plans to launch its payment protocol, GoBTC, at the Consensus conference. GoBTC aims to build a Bitcoin payment network "only usable by mining companies" based on its own computing power and block production capabilities. The core logic of this solution is to utilize its own mining pool's block production capacity (approximately 2-4 blocks per day) to package transactions and directly write them to the Bitcoin main chain, achieving instant authorization, on-chain settlement within hours, and reducing merchant fees to approximately 0.2%, significantly lower than Visa and Mastercard's rates of approximately 1.5%-3.5%.

GoMining CEO Mark Zalan stated that the system does not rely on the Lightning Network or Layer 2. Instead, it allows mining pools to determine transaction fees themselves when blocks are produced, achieving a "near-zero fee" payment experience for users, while distributing the fees between wallets and miners.

In this model, payment traffic is processed in batches through a multi-signature wallet before entering the GoMining mining pool's block production process, thus forming an integrated closed loop of "payment - packaging - block production," which is regarded by the outside world as a design that deeply binds payment protocols with computing power infrastructure.

Analysts believe the key innovation of this model lies in binding the "block-producing right" and "fee structure" of the payment protocol, making mining companies both the core of the settlement network and the revenue distribution center. However, its scalability still depends on merchant adoption rates, compliance requirements, and competitive pressure from existing payment networks such as Lightning.