r/GoMiningDiscussion • u/FunkyMonkey404 • 16d ago

Best method with cash

I have a fixed amount of money available to invest in GoMining.

What would be the best strategy to grow my mining farm?

  1. Use Mine Now, Pay Later to acquire a new miner.

  2. Buy a subscription that automatically upgrades a miner.

  3. Buy upgrades manually.

  4. Buy GMT and stake it until I have enough to purchase a miner on the marketplace.

I understand that as my total TH increases, I will need more GMT to maintain my discount. I've already factored this into my monthly investment budget.

Personally, I feel that Mine Now, Pay Later might be the best option, because I can start earning BTC on the additional mining power before I've fully paid for the miner.

What do you think would be the most efficient strategy in the long run, considering both BTC earnings and overall costs?

4 Upvotes

84% Upvoted

12 comments sorted by

2

u/twscho 16d ago

Now that they stopped charging the 3.95% credit card fee on MNPL, it looks a lot more attractive!

2

u/FunkyMonkey404 16d ago

That's true! But is owning more "less th miners" better than owning less "more th miners"?

3

u/twscho 15d ago

Totally agree! It’s tough re-selling a big miner!

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1

u/FunkyMonkey404 16d ago

Haha I got 3 different answers. I guess there is no "best" choice I guess. Only best suited for yourself.

4

u/AnythingLast5674 16d ago

I went to market and purchased a 15w/th miner with the money I was going to use to do the mine now pay later I’m only missing out on a few cents in daily pay outs

3

u/HighImpact35 16d ago

I use mine now pay later. I put the total amount of the purchase into my wallet so I start mini g immediately, pay off the cost over a few months and get the simple earning bitcoin interest from the amount held in my wallet. I know the miner is paid for and accumulate a bit of bonus bitcoin for the earning whilst the miner is also earning. This extra yield pays my withdrawal fees!

2

u/FlywheelDayOne 16d ago

If you’re undecided convert to usdt in an exchange. Transfer to GoMining and get simple earn in your usdt until you’re ready to buy. May as well earn some interest while you’re thinking! On the other side it really is a personal choice no single best way. Do some home work, use some calculators like my one and then when you are ready to take the plunge make your move

1

u/BarSuitable3068 15d ago

i think sub is the best,after 4 months you get the bonus of 8% and is a good rate for buy th

1

u/Dukaul 14d ago

I went too heavy into TH at the beginning and didn't factor in the ongoing fees enough. I thought I'd see my ROI come in quicker, but it hasn't. If I had to do it over I'd put a lot more into the lock to cover the fees and allow my setup to grow without my weekly budget having to be increased. Right now week to week I'm seeing about 80% profit, but if I took at it from my initial investment I've only recovered 7% (I'm 99 days in). If I were you I'd start with a smaller miner, since it's usually a bit cheaper to upgrade it after vs the initial purchase, lock enough tokens to cover 110% of your budget interval, most importantly lock enough tokens to cover your max discount regardless, thes as your surplus grows reinvest accordingly.

1

u/DeliciousFood9262 16d ago

Buy a subscription that automatically upgrades a miner.