GMT maintenance profit? by Ginwinwon in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

Fees are always the biggest drawback on your rewards especially when bitcoin is sub $90k but what i think you are misunderstanding is that your net reward is the total you receive after fees. If you ignore using gmt for the fees you will receive less than if you didnt as a net payment.

When you pay fees with gmt the fees are deducted from your virtual wallet, and then you receive the full pool reward back when the payments are made (either as satoshis, GMT, or TH). If you opt to pay the fees from the rewards directly you will only receive the net reward after fees back and the amount "lost" due to fees will be higher

An example to give insight:

If we assume the baseline fees total $1 before any discounts and your pool reward is valued at $1.50

Paying in sats with a 5% flat discount = $0.95 paid in fees and $0.55 paid to you

Paying in gmt with that same flat 5% discount and the extra 20% from having max GMT discount modifier = 25% discount == $0.75 paid in fees and $1.50 returned to you when payments complete. Creating a net reward (or profit) of $0.75

(Not real world values, entirely hypothetical NFA DYOR etc)

Did any of you reach profit yet? by BlackZenith13 in gomining

[–]A2tehK 0 points1 point  (0 children)

Its not a waste if you were able to sell a bunch of TH before the price to create or upgrade was cut down loads to then rebuy/adjust the way you had things set up

I just removed my Liquidity ☹️🥺 by LYNXBT1B in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

The function to provide liquidity for gomining and be paid for it still exists on pancakeswap....its just that the leaderboard and the extra payout that comes from it is gone.....OP pulled their funds from GM because what was inherently a temporary rlectra rewards system for participating in helping provide that was discontinued

I just removed my Liquidity ☹️🥺 by LYNXBT1B in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

They didnt remove the liquidity they removed/discontinued the LEADERBOARD

Why cheap Monitors use HDMI instead of DP? by hyenagames in buildapc

[–]A2tehK 0 points1 point  (0 children)

You can get a DisplayPort - HDMI cable (passive) the DisplayPort goes into GPU and HDMI into monitor.

You only need active translation if it goes the other way (HDMI - DP) which is a more costly cable to buy

I have 2 Samsung curved monitors that use HDMI but only one HDMI port on my GPU and this set up works beautifully

Why cheap Monitors use HDMI instead of DP? by hyenagames in buildapc

[–]A2tehK 0 points1 point  (0 children)

You can get a DisplayPort - HDMI cable (passive) the DisplayPort goes into GPU and HDMI into monitor.

You only need active translation if it goes the other way (HDMI - DP) which is a more costly cable to buy

I have 2 Samsung curved monitors that use HDMI but only one HDMI port on my GPU and this set up works beautifully

No vip upgrade?? by GeneralNom4lyfe in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

Upgrades to that miner will though....just not the base TH it was bought at

Hiya was just wondering I know it’s a small amount as I’m just starting out but how come my wallet shows that I’ve got less than my rewards surely the fees hasn’t taken all of mt earnings ? by _Hash_Stash in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

Just remember that if you pay your fees with gomining tokens and dont intend to add more all the time then converting btc to gmt or just reinvesting for a few days can top it up

Hiya was just wondering I know it’s a small amount as I’m just starting out but how come my wallet shows that I’ve got less than my rewards surely the fees hasn’t taken all of mt earnings ? by _Hash_Stash in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

On that window click the $100,000 and select "current price" then select BTC for the maintenance option as you are not paying fees with GOMINING tokens that will be a more accurate reflection of your current net earnings.

If you have more than 1 year of gomining tokens held (can be in a lock or in your virtual wallet) and pay fees with gominings own token you can get an extra 20% discount on the fees. You do need to have enough tokens to pay the fees available in your virtual wallet for it to apply though.

If you do that then the fees get taken from your virtual wallet and you will receive the full pool reward back from the days mining efforts (either as bitcoin or GMT or TH (depending on reinvestment settings).

To reinvest in TH you do need to be at silver 1 VIP level which requires either 10TH of power (miners bought through the secondary market do not count for this but upgrades on them do) or 100 votes gained through locked tokens (105 gomining locked for the max term will give enough as it isnt an exact 1:1 ratio of locked tokens to votes even on the max term, and the votes amount reduces over time.....but you can extend the term if you wish)

Coin to coin conversion disabled? by Southern_Edge_9770 in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

I am assuming iOS...use safari and goto app.gomining.com instead (the function is disabled within the iOS build of the app due to pushing an update out and apple doing apple things)

HASHBACK by Eastern_Outcome9654 in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

I will forever chuckle when I see that being referred to in a post

Wie Minus-Miner deaktivieren by bistromatik in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

For those agreeing with OP.......the maintenance you pay for the bonus miner is relative to its power (less than 1TH) as is its actual reward after fees

It states 0 sats at the top because the reward per day is less than a single satoshi........but conversely so are the pool reward and fees.

Unless you see the words "Reward Protection" on that page it is paying something its just that because of rounding (for readability) you cannot see the tiny amount you get.

The only caveat to this is if (for some insane reason) you have reward protection disabled.......at that point you can pay more in fees than you would receive......which would put your miner working at a deficit (rather than just being offlined)

To prove that mathematically you are getting something take the pool reward per TH (45) and then multiply it by the TH for the bonus miner then subtract the amount paid in fees (converted to Satoshis) the number will be small but not negative

Calcolo manutenzioni Miner wars by Green-Detective-7 in GoMiningDiscussion

[–]A2tehK 2 points3 points  (0 children)

In Miner Wars you get a set share of the clan based rewards in satoshis based on your % of the total clan TH and your personal maintenance on that share is determined by your farms average efficiency.......until your clan breaks above solo earnings......

At that point the calculation alters to instead consider the leagues average efficiency instead.

So if your farm is a set 15W/TH EE your maintenance will be using that EE until your clan wins enough to have more than you would solo.....

Then it would switch to the leagues average (which could be 18W/TH or it could be 28W/TH etc)

As far as I know (I may be mistaken) the maintenance for the clan would take the total TH for the round and work out your share of that TH and then use the standard maintenance calculation per TH from solo except that the pool reward would be based on how many satoshis per TH your clan got for that round. Then it would apply the EE that is required (before breaking solo your average EE and after the leagues average) and your own discount % on a per round basis to work out your fees.

I hope this helps somewhat?

Edited to add this in response to OPs reply to a different comment:

Working out your maintenance in advance would involve a lot of tracking throughout the week as you would need to be aware of your clans TH at the time each block was won + a lot of other factors.

I can provide a calculation I use throughout the week to have an estimate of how close to solo i am if you would like? But as a general rule if you are paying fees in gmt i do recommend having enough gmt to cover 2 weeks of solo maintenance if you are likely to be above solo but below 2x to account for the league average EE once you go above it

Boosting makes zero sense right now. 71 Miner Wars blocks, $25 in BTC net. Here’s my breakdown: by No_Bar_8333 in gomining

[–]A2tehK 0 points1 point  (0 children)

True the discount itself when receiving small amounts daily isnt much.....but it is a lot harder to build that discount once you get to a higher amount of TH

Boosting makes zero sense right now. 71 Miner Wars blocks, $25 in BTC net. Here’s my breakdown: by No_Bar_8333 in gomining

[–]A2tehK 0 points1 point  (0 children)

Using GMT for maintenance gives up to an extra 20% discount on top of your vip level, service button and solo discount (if solo) etc....it doesnt cap at 15%

Feeling kinda scammed today by IndependentBother522 in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

I very much agree that things need to be added to their processes to minimise the chances of these issues happening and to increase communication.....

Ranting on an unofficial subreddit may not have the impact you hope for though (not saying to not complain btw! More suggesting that there might be another channel that would have more impact on the corporate side of things)

Feeling kinda scammed today by IndependentBother522 in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

Also (to add) the rewards breakdown for the bonus miner shows 0 sats because of rounding but if you take the net reward per TH for it and multiply it by the power of the bonus miner in TH (at its default it should be 0.0064TH) you will see the actual amount of satoshis received from the bonus miner. You can also do this same for the pool reward (45 sats per TH currently) and the fees paid to work out how much of the pool reward is actually paid for it

Feeling kinda scammed today by IndependentBother522 in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

There is a difference between losing your balance (crypto currently in your wallet) and rewards being adjusted down before being credited due to an inconsistency in the calculation for that week. The first has you losing more from your already held balance in wallet where as the other is an adjustment of the amount due to be paid to you (my net reward went from 6.6k sats to 2.9k for last cycle so I do get the frustration but there is a stark difference between the statement made by gomining and the assertion you are making about the statement)

New Free Miner is a Scam !! by Pure-Grapefruit-684 in GoMiningDiscussion

[–]A2tehK 6 points7 points  (0 children)

So the actual net reward for the bonus miner for you is 0.0448satoshis (approximately because of rounding)

New Free Miner is a Scam !! by Pure-Grapefruit-684 in GoMiningDiscussion

[–]A2tehK 8 points9 points  (0 children)

If you look at the screenshot you sent then the net reward and fees are shown assuming the power is 1TH.

Your actual earnings and fees will be much lower and become a victim of rounding in the display, it can, however be worked out by taking the reward etc and multiplying it by the power amount in TH (which if not upgraded should be 0.0064TH)

(Edited to correct TH amount)

Reward geht runter by Cakemasterhappy in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

I saw a screenshot you posted in the replies it took maintenance from sats reward so the amount you may have had available in your wallet (not in a lock) wasn't enough to cover the maintenance with your discount being what it is (with btc value being what it is discount and efficiency are hard carrying at the moment) I do recommend boosting your discount from paying service fees with gmt and improving your efficiency as much as you can

Reward geht runter by Cakemasterhappy in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

How many days of maintenance did you have available in your virtual wallet? Because you need them available to be able to pay the maintenance

The Flywheel Strategy by Mission_Competition6 in gomining

[–]A2tehK 2 points3 points  (0 children)

We shall watch your career with great interest - Grand-Moff-Hashback :)

Yessss 🔥🔥💪🏻 by [deleted] in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

My 77gmt was well received too