What is a GOMINING token?
GOMINING token is a currency that will boost your BTC rewards and give you access to unique features across the GoMining ecosystem
Discover answers to common questions about GoMining. Whether you're exploring our services or just getting started, we're here to help
GOMINING token is a currency that will boost your BTC rewards and give you access to unique features across the GoMining ecosystem
Our digital miners generate crypto just like real ones as they're connected to our data center infrastructure
Rewards are generated by physical bitcoin mining equipment that you access by purchasing a digital miner
Miner Wars is the game on the GoMining app that offers an additional way for digital miner holders to earn more BTC
A digital miner is a unique token. It is a digital record on the blockchain that gives you the right to own an object within the digital space. It is saved to a user's crypto wallet like a cryptocurrency.
All service providers that issue digital miners based on the GoMining protocol have real data centers. The equipment placed at these sites is already included in bitcoin mining and works around the clock.
Digital miners are their copy on the blockchain and are backed by this real hardware. That is why absolutely all digital miners have two parameters: power and energy efficiency. Due to this connection with data centers, digital miners mine bitcoins.
For example, when buying a digital miner with a computing power of 1 TH/s and an energy efficiency of 20 W/TH, the user buys part of the hashrate from a real miner with the same energy efficiency. Through the upgrade function, the user can improve these indicators.
We welcome newcomers with a special Bonus miner that will guide you through the GoMining app and its main features. You’ll find it in the My miners section of the app.
Bonus miner operates similarly to other digital miners within our ecosystem, but its functionality is temporary and contingent upon completing tasks. Each completed task reactivates the Bonus miner, allowing it to generate additional daily BTC rewards. Additionally, the Bonus miner can be utilized to participate in the Miner Wars game, specifically in the Starter League.
To withdraw BTC rewards earned by the Bonus miner and jump to the Pro League if you’re a Miner Wars player, you’ll need to create your own digital miner that will be yours for life. Bonus miner will still be available to you and continue to mine BTC rewards for you when you complete tasks.
But remember, you don’t have to make any purchases if you don’t want to.
Yes, after purchasing your digital miner, you can upgrade it anytime.
You can increase your miner's computing power up to 5000 TH via a monthly subscription (one upgrade per month), custom upgrades or ready-made upgrade packages.
You can also improve your miner’s energy efficiency to as low as 20 W/TH. This can also be done through custom upgrades or by choosing from ready-made packages.
The cost of an upgrade depends on the miner’s current power (TH) and energy efficiency (W/TH). These upgrades help maximize your BTC rewards by increasing mining power or lowering energy costs.
The main advantage of our digital miners is that the bitcoin hashrate you purchase will belong to you indefinitely. We do not impose any minimum or maximum period of ownership. Also, after purchase, only you will be able to modify your digital miner’s parameters using the upgrade function.
If you choose Solo mining mode, you will receive daily BTC rewards every 24 hours as long as the miner’s characteristics allow it.
The GoMining ecosystem provides not only a quick entry into the world of mining, but also an equally quick exit from it. At any time, you can sell your miner on the GoMining marketplace or on any public marketplace such as OpenSea.
First of all you need to download GoMining — one of the best bitcoin mining apps around. The GoMining app is available on the App Store, Google Play, Xiaomi App Mall, and Huawei AppGallery.
Then register in our ecosystem. It’s quite easy. You can do it via your Google/Facebook account, Apple ID, or Web3 wallet. Or select registration via your email/phone number.
The next step is to create a digital miner with the characteristics suitable for your mining strategy.
Your generated miner will immediately start mining bitcoins for you. You'll see the first mining rewards the day after your purchase.
We also recommend visiting the GoMining marketplace, where you can also buy digital miners from other users at favorable prices.
Daily BTC rewards of each digital miner are calculated using the following formula:
Net reward = Mining reward - ([Electricity + Service]) x [100% - Discounts]), where:The more terahashes you own, the higher your mining rewards will be. Energy efficiency also affects their size. The better it is, the lower your electricity fees, which also eventually increases the amount of your daily net rewards.
Hashrate is a unit of computing power that represents the processing speed of data. Specifically, it represents the number of hashes calculated per second.
The higher the hashrate, the more efficiently your digital miner contributes to verifying transactions and adding them to the blockchain, which directly influences its ability to mine bitcoins for you.
The computing power of our digital miners is measured in TeraHash/s (TH/s).
Energy efficiency, measured in watts per terahash (W/TH), shows how much electricity your miner consumes to generate one terahash (TH) of computing power. The lower the number, the less electricity it uses and the more efficient your miner is.
Why does this matter? If your miner is efficient, it costs less to run. Lower running costs mean more of your mining rewards stay in your pocket as BTC, instead of going towards maintenance. In short, better efficiency means more net rewards for you!
There are two ways to withdraw your BTC rewards: automatic and manual withdrawals.
Automatic withdrawals will transfer rewards to your wallet without fees. The usual minimum threshold for automatic withdrawals is 0.0001 BTC. However, this can change based on BTC network conditions. Please check the reward settings for the current minimum threshold.
GOMINING token is available for purchase on top CEX and DEX exchanges. A full list is presented on our website and in your GoMining account.
You can also buy tokens directly in your GoMining account using crypto, debit/credit cards, or Apple Pay/Google Pay. This list is constantly expanding and may vary depending on your country.
You can sell the token on any supported exchanges, with the current price available on CoinMarketCap.
If you hold GOMINING tokens in your ETH wallet, you can lock them on the veGOMINING smart contract. The more tokens you lock and the longer you lock them (anywhere from 1 week to 4 years), the more votes you get.
These votes give you weekly rewards and the power to help shape the future of GoMining through the DeFi mechanism.
The primary governance power lies in deciding how extra GoMining rewards for digital miner holders are allocated.
Additionally, veGOMINING holders vote on new ecosystem features, which are suggested by users in the Discord-Feature Requests channel. Every two weeks, the community votes on these ideas, with the winning proposal's author receiving a GoMiners avatar.
You can participate in voting or view previous results in your personal account on the Governance-Voting page. The more veGOMINING votes you have, the greater your influence in project decisions.
According to the tokenomics model, the GOMINING token combines:
The GoMining team ensures the stability and security of the GOMINING token through:
These are just some of the measures we use to ensure the GOMINING token remains secure and valuable.
The main goal of GoMining tokenomics is to create a sustainable ecosystem that benefits all participants. This involves enhancing the utility of the GOMINING token through various use cases like discounts, purchases and governance participation.
It promotes stability by managing token supply with mechanisms like the Burn & Mint equilibrium and encourages community engagement through decentralized governance.
Additionally, it incentivizes long-term holding with extra benefits and prioritizes security with regular audits. Overall, GoMining aims to maximize value for our users.
Create a digital miner or activate a free bonus miner by completing the tasks. Then join or create a clan to start competing for BTC and GOMINING tokens.
The bonus miner gives free access to the Starter League, helping you get familiar with Miner Wars and earn your first BTC rewards.
You can extend your bonus miner even more, withdraw your BTC, and upgrade to the Pro League by creating any digital miner. The more powerful your miner, the higher your rewards when your clan wins.
You can skip the Starter League and go straight to the Pro League by creating a miner anytime!
Clans can be private or public. Joining a private clan requires the Clan owner's approval, while in a public clan you can become its member immediately
All the mining rewards you have already received will stay in your wallet and remain yours. All your discounts, except for the additional Solo mining discount, will remain unchanged.
However, once you join or create a clan, you will only receive rewards for participating in Miner Wars. This means you won’t receive the Solo mining reward for the day you switch to playing mode, even if you play just one round
The pool is formed each week from Tuesday to Tuesday and comes from two sources:
The rewards from this pool are paid to players who win in the personal competition, directly to their virtual GOMINING wallets, in addition to the main BTC rewards every Tuesday at 12 pm UTC. Available only in the Pro League
Your chances of winning depend on many factors, but the key one is your clan’s score and its share of the total score of all players. The higher your clan’s score, the better your chances of winning.
If your clan’s power and chances of winning are low, it might take some time before your clan earns any rewards. That’s why it’s important to use your boosts wisely and choose the right rounds to maximize the impact of boosts.
The game runs on a fair logic and winner selection mechanism, which you can read about here. Take a close look at the article to better understand when to use your boosts for the best results.
When your clan wins, your reward depends on your contribution to the clan’s power. Maintenance fees will be deducted from your reward — you can learn more about them here. If you want to receive BTC rewards after paying the fees, make sure your mining farm is up to date. The system calculates based on the average energy efficiency of all your digital miners. Poor performance could mean the maintenance fees take away all the Bitcoin you’ve mined.
If you want stable payouts every day, use the Solo Mining mode. In this mode, we distribute daily BTC rewards based on the power and energy efficiency of your miners. To stop playing and switch to Solo Mining, just leave your clan in the game profile. All reward information will be displayed in the GoMining section
Your digital miners will always belong to you, regardless of the mining mode you choose. If you switch to Solo mining, you'll begin receiving BTC rewards for holding miners starting the next day, but you will no longer earn rewards from Miner Wars.
Your bonus miner will continue generating additional bitcoins as long as you extend it by completing tasks.
All accumulated rewards will remain in your wallet. If you played in the Pro League, you can withdraw your bitcoins and GOMINING tokens at any time. If you were part of the Starter League, you’ll need to purchase or create a digital miner to access your rewards