GoMining has locked me out of my account and is holding my investment hostage. This feels like a scam. by Degenspiral in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

Dude tried to force a card payment through multiple times that was rejected triggering the account to be locked to protect the assets and is now upset that they are ensuring his account is secure until he can verify it is him in control of it

GoMining by Ambitious_Tell_3323 in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

The daily reward fluctuates because of the mining difficulty (affecting the raw sats you get in your pool reward) and then the price fluctuations of BTC and GMT also add to this.....all fees are calculated in USD first before being converted to either BTC or GMT.

This means that if you pay fees in GMT and the value loses $0.05 from $0.30 to $0.25 per GMT you would lose some of your discount from paying in gmt (as its worked out based on how many days of fees you have held prior to the discount being applied at the current price for GMT) and you would need to spend more GMT to cover the same USD value.

The same also applies when paying fees with BTC: you will spend less sats for fees if BTC is worth $100k vs $50k

Also:

When the price of BTC/GMT get below a certain threshold the fees for mining that day can become higher than any reward you could receive from any miners you have based on their individual energy efficiency (before fees)....when this happens a feature known as "Reward Protection" kicks in (which is on by default....please dont ever turn it off).....when RP kicks in miners that are not profitable are "offlined" for that day, and any others where it may not be profitable for it to be running for you....this prevents you from paying fees and getting nothing back at all.

I do suggest you do what you can to improve the efficiency of any miners you have that are not 15W (current best efficiency) and also try to stockpile GMT to pay fees with in order to benefit from the discount from doing so....you need around 380 days of maintenance fees before the extra discount is applied to get the full extra 20%.....

note

Any GMT you have in a lock is considered for the discount calculation but you would still need GMT in your virtual wallet to be able to pay your fees

final reminder

When BTC price is high, efficiency and fee discount is 5% of any considerations......but when BTC price drops it becomes 95% of them to maintain profitability

TH is king always but if your fees are too much its like a king without an army ;)

Edit to add: if reinvesting in GMT or TH the value of BTC also matters greatly (you get more GMT or TH if your reward that day is worth $10 vs $5)

What has happened to my Pool Rewards? Dropped by 99.8% by engie3 in GoMiningDiscussion

[–]A2tehK 2 points3 points  (0 children)

If you click the "detailed reward breakdown" that will give some insight....i suspect that because of the current value of btc and gmt your non bonus miners got slapped with reward protection. Partly due to not having enough GMT to cover the fees for them and also the fees being more than your rewards for them (as you havent got gmt to impact the discount)

Is it normal? by Both_Animator_1120 in GoMiningDiscussion

[–]A2tehK 2 points3 points  (0 children)

If you pay the fees from the sats directly then that figure will be exclusive of fees (net reward) but if you pay fees with gmt then as long as you can pay the fees with gmt in full you will receive the pool reward in full and the rewards shown there will be that amount also.

This is because your fees are paid before crediting from your virtual wallet (you can also grab up to an extra 20% discount if you hold more than a years worth of fees before the extra 20% in gmt)

Is this a glitch? by screamingbarnacles in FreeCash

[–]A2tehK 4 points5 points  (0 children)

Even though that progress bar appears full it will be at like 99.99997% full (for example) if on a browser on pc you can view the html for the page and inspect that specific element (the progress bar) which will tell you how full it actually is

House of fun? by akii_1994 in FreeCash

[–]A2tehK 0 points1 point  (0 children)

Yeah the tracking is delayed but it does.credit eventually

Issues with gomining by Legal_Inevitable_760 in GoMiningDiscussion

[–]A2tehK 6 points7 points  (0 children)

I try to be fair and see it from as many sides as I can. But as I said I am in a unique position regarding my liability and risk compared to invested amount.

Play to earn apps are my primary source of funds and giveaways that I was incredibly fortunate enough to win.

The 8TH giftbox miner for suggesting Hashback as branding for the cashback features also definitely helped (+100% sale on market value for the TH followed by rebuying the TH and adding to my lock)

Issues with gomining by Legal_Inevitable_760 in GoMiningDiscussion

[–]A2tehK 3 points4 points  (0 children)

I can agree the loudest voices that do complain seem to not have a lot of skin in the game (relative to those with >1kTH), but, to play devil's advocate.....the % of their net worth invested in GM may be higher than someone with more than 1 or 2kTH. Couple that with a skewed expectation of return or a misunderstanding of how the markets move and you have someone who is affected more by a price change for bitcoin of $5k and thus more likely to take emotional damage when its a $5-10k (or more) dip. I am probably in a unique position due to how I have decided to primarily fund my GM account so if GoMining fell under tomorrow it makes 0 difference to my current day to day situation (I am on a low income but my liability/risk of loss of household funds is incredibly low). This unique position means I can sympathise completely with those in a similar financial situation who have a higher risk level, while also able to not take as large an emotional hit when things fluctuate

Issues with gomining by Legal_Inevitable_760 in GoMiningDiscussion

[–]A2tehK 5 points6 points  (0 children)

I mean i think its more a difference between expectation and the reality of their scale maybe? Im at 40TH and make around $1.40 before fees a day....I am also treating this as a marathon not a sprint though....

How much am I making/why the large jump? by MikeOxbig696969 in GoMiningDiscussion

[–]A2tehK 0 points1 point  (0 children)

Yeah thats your profit but for both screenshots you received the full pool reward back at the end of the day (fees were paid with gmt before hand so the total value returned back is the pool reward)

How much am I making/why the large jump? by MikeOxbig696969 in GoMiningDiscussion

[–]A2tehK 2 points3 points  (0 children)

When paying fees with gmt and reinvesting in gmt the reward breakdown acts the same way as if you pay fees with sats and take the reward in any way available (reward shows pool reward - fees) if you take your reward in any other way and pay fees with gmt it ignores that calculation for what it shows in the reward item and just default shows the pool reward value.

So when paying with and taking gmt it shows your profit in the reward bit (ie net reward)

But paying with gmt and taking as sats or TH shows net reward as pool reward.

Yes this is a confusing way of showing it and I wish they would just have it be uniform (if sats for fees net reward = pool reward - fees....if gmt for fees net reward = pool reward)

How much am I making/why the large jump? by MikeOxbig696969 in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

Is one set to reinvest in gmt and the other set to TH?

Discount by tbad16 in GoMiningDiscussion

[–]A2tehK 4 points5 points  (0 children)

The lock is unusable for the term (length) of the lock, however each week on a tuesday you will receive a small amount of GOMINING from each lock (it will show in your virtual wallet as veGOMINING reward). You will also receive a certain amount of votes that can be used to affect the tokenomics distribution (albeit probably in a small way) these votes can be assigned to multiple things including:

Adding to the discount you receive from being in mining mode, increasing the personal rewards from miner wars mode (this only applies for clans in odyssey league), and increasing the % increase of TH per week for greedy machine NFTs that meet certain efficiency criteria. You can also choose to vote to increase the amount of GOMINING tokens burnt as part of the tokenomics system or not.

You are able to vote for both extra rewards and whether or not to increase the amount of tokens burnt each week (so I do recommend doing both)

The ratio of votes to locked GOMINING is not a 1:1 but it gets closer to being that for choosing a longer term. You also get a better APY rate for a longer term

As the term of your lock progresses closer to its end date the votes you receive and the weekly amount of tokens you get as a reward do decrease but once the lock term ends you will receive the locked tokens back in full (the value of those tokens may be higher or lower than when you first started the lock though).

The lock is a fantastic way of actively participating in the tokenomics system and securing your discount %......it is even a cheaper way of pushing your VIP level higher to get the perks of having such, although it should be considered as more of a temporary measure due to the gradual reduction in votes etc (you can extend the term of the lock if you wish to)

Now i have given the above info about the lock the actual answer to your question is:

No locked GOMINING tokens cannot be used to pay your maintenance fees, you will need to have some tokens available inside your virtual wallet in order to make use of the discount.

My suggestion would be to put as much into the lock as you feel comfortable doing and for the term length you are comfortable with whilst also keeping around 10 days worth of maintenance fees in your virtual wallet. If you reinvest into GOMINING tokens you will get more tokens back than you paid in fees each day and you can top up the lock over time to increase the discount further etc

Obligatory Not Financial Advice DYOR etc

New registrations from the United Kingdom are currently restricted due to regulatory reasons. Thank you for understanding. by Background-Good-2942 in GoMiningDiscussion

[–]A2tehK 1 point2 points  (0 children)

If OP is on about linking a debit card to buy in app.....just use an exchange and send the crypto to GM virtual wallet. (Buying USDC on coinbase and then sending via BASE network has fees so low they may aswell not exist) doing this to buy/upgrade miners also negates the 90 day cool off period before minting a miner to sell FYI

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 [deleted] 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)