About Daily Maintenance Service

About Daily Maintenance Service

GoMining’s daily maintenance fees cover the essential services needed to keep your Digital miners operational, but there are effective ways to minimize these costs. Here’s a quick guide on how maintenance fees work and how to take full advantage of available discounts.

What are maintenance fees?

Each Digital miner represents a share of real mining equipment that requires daily maintenance. The fees cover electricity costs and round-the-clock equipment upkeep to ensure your Digital miners keep generating rewards efficiently. GoMining offers these services at rates well below market averages, while still delivering top-quality support.

Maintenance fees are deducted from your daily mining rewards, which directly affects your net earnings. 

This is how we calculate your daily rewards:

Net Reward = Mining Reward - ([Electricity + Service] * [100% - Discounts])

Applying more discounts reduces your fees, meaning more Bitcoin is retained each day.

How can you reduce maintenance fees?

You have several options to reduce your maintenance fees:

Token Payment Discount: Save up to 20% by paying with GOMINING tokens. Top up your virtual wallet with GOMINING tokens and enable “Pay maintenance in GOMINING” in the settings. For every 18 days of coverage, you get a 1% discount, reaching up to a maximum 20% if you hold enough tokens for 360 days. This also includes tokens locked in veGoMining.

Service Button: Click the “Service” button daily to increase your discount by 0.3% for each consecutive day, up to a maximum of 3% after 10 days. Make sure you click it every day to keep the streak going

Farm Level Discount: Your discount rate improves as your mining farm’s total power increases, with higher levels offering better rates with a maximum discount of 6%

Solo Mining Mode: Users can receive automatic discounts when mining solo, determined by veGOMINING cycles and voting outcomes, however, discounts will not be available for those participating in Miner Wars

October 21, 2024

Nina Tolmacheva's photo

WRITEN BY

Nina Tolmacheva

Content and Social Media Manager at GoMining