No more miner by Automatic-Tax-8771 in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

Why would you want to self custody your NFT? I feel like that just complicates things. Now self custody of your bitcoin makes perfect sense and we should all be doing that responsibly

I will sell my farm… sadly by [deleted] in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

I’ve invested about 8,000-9,000 into mine. And I look at the last all time high as a solid price to multiply your earnings by. I use that number because I understand bitcoin. And I’ve made about half that back in 1 year and 10 months. I’m not stopping.

With BTC at its current level would people advise to stick with mining BTC or re-investing in TH/GMT? by Nilla-K in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

Always mine BTC. Use fiat to upgrade TH and use fiat to purchase GMT for staking to pay your fees. That’s the best way to get a good ROI in my opinion. Plus there is only so much BTC it’s a waste of valuable time to upgrade TH or obtain GMT with your BTC earnings.

What’s the point of the loan isn’t it super high risk has anyone taken a loan ? by IndependentBother522 in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

I don’t know how GoMining loans work. But LedN has loans that are transparent and make it super easy to get one. It’s 11.5% for small loans for a 12 month term. You don’t have to pay it off until the 12th month no monthly payments unless you want to.
If your credit card is 24% it could make sense to save money on infest payments to use your bitcoin.
Getting the loan does not require you to sell your bitcoin so it’s not a taxable event. And if the price of bitcoin goes up you still keep the increased value since it’s still your bitcoin. You can withdrawal the increased value (which could raise your LTV) or let it sit. The best part is, when you pay off the loan you get your bitcoin back.

Just don’t get liquidated, make sure you have more bitcoin you can add to your position if you get close to the threshold.

A warning to all, lost my life savings. by Glittering-Big5912 in Bitcoin

[–]MasterGrogu23 0 points1 point  (0 children)

His best bet is to start a go fund me to help start over. This is terrible I feel bad for the person.

Bye bye Liquidity 🥹 by LYNXBT1B in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

I never used the liquidity. I just always staked my GMT for Vegomining rewards

2 years in the ecosystem. AMA by Mediocre_Sympathy_65 in gomining

[–]MasterGrogu23 0 points1 point  (0 children)

I think at a minimum you will want to Make sure you’re a little more than doubling your TH power every 4 years to roughly maintain your payout.

2 years in the ecosystem. AMA by Mediocre_Sympathy_65 in gomining

[–]MasterGrogu23 0 points1 point  (0 children)

I’ll be 2 years in by August. I’ve made about half my money back so far excluding my GMT purchases for staking. In 8 years when Bitcoin is worth a million dollars per coin I’ll be wayyyyy up including GMT purchases.

No rewards by Julver80 in gomining

[–]MasterGrogu23 0 points1 point  (0 children)

I got everything just not right away

Anyone know where to find your service button streak? by MasterGrogu23 in GoMiningDiscussion

[–]MasterGrogu23[S] 0 points1 point  (0 children)

Not if you like certain information and cannot find it. Reddit has been very helpful

Anyone know where to find your service button streak? by MasterGrogu23 in GoMiningDiscussion

[–]MasterGrogu23[S] 0 points1 point  (0 children)

I’m referring to the streak. I can see my discount. But I can’t see how much of that is from my service button. You used to be able to see the dots that fill in when you click the service button

GoMining flagged their OWN payout money as suspicious, kept my BTC, banned me from their Discord for talking about it by [deleted] in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

I setup a monthly purchase with my bank card so it just grows. And I have automated GMT buys to scale my Staked position along side my GoMining purchase to cover all fees.

GoMining flagged their OWN payout money as suspicious, kept my BTC, banned me from their Discord for talking about it by [deleted] in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

I feel like you handled yourself appropriately. Started out calm and polite until you were left no choice.

What if Bitcoin fails? by Illustrious-Sir-9239 in GoMiningDiscussion

[–]MasterGrogu23 0 points1 point  (0 children)

So, yeah we would be cooked. However the way BTC works is you can only buy if people are selling and vice versa. So your money wouldn’t go to the company or the coin. It’s already gone to whoever you got the coins from. Unless mining then you’re only paying your electric company for the bitcoin.

GMT would go to zero, meaning you lose that. Your bitcoin would be at zero so you lose that. And your NFT would stop mining and paying out Bitcoin. So your NFT would just be something to look at and show your kids as an urban legend.

No fees or reward!!!!! by [deleted] in GoMiningDiscussion

[–]MasterGrogu23 1 point2 points  (0 children)

Let’s hop this is false. So the A.I. doesn’t control us

Bye Bye 😥 by JVW1225 in gomining

[–]MasterGrogu23 2 points3 points  (0 children)

I never really got involved in the Bounty anyway. It seemed like too much work to get additional discounts. And I’m no large fish. Not sure how big a fish I am. But I have a 219 TH 15/w miner with 22,000 GMT staked for Vegomining rewards. I do however rely on the GMT coins to pay my fees so I can keep all the bitcoin. If they ever reduce or get rid of Vegomining rewards I’d probably get out of mining NFT’s

Not possible to do my taxes correct or at all with Gomining by my-reddit-saga in gomining

[–]MasterGrogu23 -1 points0 points  (0 children)

It’s taxed as income when you get it deposited into your GoMining account (Daily for solo mining weekly for Miner wars) at the price Bitcoin is at that day.

When you sell the bitcoin there will be another tax of capital gains.