Maintenance fees and discounts
1. Why are there maintenance fees?
As you know, each miner from our collections is supported by the power of a real fleet of devices. This is what allows our digital miners to mine bitcoins for you.
When buying a miner, you are purchasing a portion of existing ASICs, each one of which requires maintenance. Our service center does it 24/7 on its own, and you are only required to pay a fee daily.
It’s important to note that the prices we offer for this service are much lower than market prices, and the quality is much higher.
2. How do maintenance fees affect my rewards?
To calculate your daily net reward, we deduct the maintenance fees (electricity and equipment service) from your pool reward, taking into account all your maintenance discounts.
Overall, your daily mining reward is calculated as follows:
Net reward = Pool reward - ([Electricity + Service]*[100% - Discounts])
What do the maintenance discounts mean for you? You can get more net BTC rewards, while electricity and service fees are much lower.
Maintenance discounts
Discount for maintenance with GOMINING
1. What is the maximum maintenance discount I can get by paying with tokens and what does it depend on?
You can receive a maintenance discount of up to 20% by paying with GOMINING tokens. The discount amount depends on how many days your wallet balance can cover maintenance fees.
2. How many tokens do I need in my wallet for the discount to apply?
Discount table based on the number of tokens:
0–17
0%
18–35
1%
36–53
2%
54–71
3%
72–89
4%
90–107
5%
108–125
6%
126–143
7%
144–161
8%
162–179
9%
180–197
10%
198–215
11%
216–233
12%
234–251
13%
252–269
14%
270–287
15%
288–305
16%
306–323
17%
324–341
18%
342–359
19%
360+
20%
For example, if your wallet is not topped up, the discount will decrease by 1% approximately every 18 days. To maintain the maximum discount, regularly top up your wallet with GOMINING tokens. To achieve the maximum 20% discount, you need to have enough tokens to cover more than 360 days of maintenance
4. How to activate payment with tokens to get a discount?
To activate payment with GOMINING tokens, select this option in the reward settings on the rewards page.
To pay for maintenance with GOMINING tokens, you must have a virtual wallet with sufficient tokens. Learn more about how to use and top up your wallet in this guide
If your virtual wallet does not have enough GOMINING on it to pay the maintenance fees, those fees are deducted in BTC, as they were before, and the discount doesn't work.
5. How to find out how many tokens I spend on maintenance per day on average?
To find out how many GOMINING tokens you need to pay for maintenance:
Go to the rewards section
Select "Show in GOMINING"
In the "Electricity and Service" columns, see your average daily expenses
6. How to calculate how many tokens I need to purchase to get a discount?
On the “Maintenance Discount” page, in the “Token Discount” block, there is a special scale. The scale is filled with blue to indicate your current discount level and green to show the next level. By moving the slider to the desired discount level, you will see the number of tokens you need to purchase to achieve this discount at the next calculation.
7. Does the discount apply to trial miners?
The discount does not apply to miners provided during the trial period.
8. How can I see what discount was applied to my rewards?
The discount is calculated daily and displayed in the rewards section in the "Maintenance" block.
9. How can my discount change?
The discount depends on how many days your wallet balance can cover maintenance fees at the time of payout calculation. This can change due to the power of your farm, the number of tokens in your wallet, or the token exchange rate.
10. How to maintain the discount at the desired level?
Regularly purchase tokens and top up your virtual wallet or enable the reinvestment of rewards into GOMINING tokens.
Level discount
It's based on your personal Mining farm level. Here is the list of all levels and their discounts.
Example: John owns 2 miners with a total power of 8 TH. His mining farm level is Hashboard M. The maintenance discount at this level is 0.6%. He needs 2 TH more to upgrade to the next level.
Service discount
When you click the "Service" button in your Mining farm, a 24-hour countdown starts. That is, the button can be clicked once a day.
The more days in a row you click the button, the higher your discount. For each day in a row, you get +0.3% discount. The maximum discount is 3% (10 consecutive clicks).
You should click the "Service" button every day between 00:00 and 00:00 UTC.
That is, if on the current day you clicked the button at 23:50 UTC, the next day you'll have only 10 minutes to click the button and save the discount.
Example:
John clicked the "Service" button on Mon, Wed, Thu, Fri and Sat. For Saturday's payout, John will receive a 1.2% discount because he has only clicked the button for 4 days in a row and has accumulated a 0.3% discount for each consecutive day.
Solo mining discount
Only in Solo mining mode. Not available during trial period.
All Solo miners have an additional discount on maintenance fees. You don't have to do anything to activate it.
Example of how discounts work
Net reward = Pool reward - ([Electricity + Service]*[100% - Discounts])
For instance, you have 2.16 TH and you are a Solo miner. On 19/12/2023 you received:
63 Satoshis = (341 – [249 + 37]*[100% - 2,55% - 0,3%]), where:
2,55% is Extra Solo mining discount
0,3% is Level discount
But if you paid for the maintenance with GOMINING tokens and the previous 10 days clicked on the "Service" button, you could get:
101 Satoshis = (341 – [249 + 37]*[100% - 2,55% - 0,3% - 3% - 10%]), where:
2,55% is Extra Solo mining discount
0,3% is Level discount
3% is Service discount
10% is Discount for maintenance with GOMINING
The difference is clear: with all maintenance discounts, you can earn much higher rewards every day.
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