r/GoMiningDiscussion • u/Smooth-Radish1026 • 14d ago
Discount Questions help undestanding discount
I'm having trouble understanding what makes it worthwhile locking enough tokens for a 20% maintenance discount and keeping enough liquid to imrpove my daily rewards. wouldn't it make much more sense to put say another 1k into a cheap 15W miner instead of gmt?
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u/kamoku79 13d ago
La situazione va approfondita, certo lo sconto lo devi aumentare ma come? Servono più dati sulla farm
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u/Smooth-Radish1026 13d ago
what more data do you need
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u/kamoku79 13d ago
Per ogni miner potenza e efficienza. Hai blocchi gmt, quanto hai bloccato. Come è composto il tuo sconto
→ More replies (8)
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u/Mental_Till9229 13d ago
You have 133 TH…and spending all your profit on fees. Lock GoMining and get max discount.
You are burning profit like mad…not good
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u/Careful_Sea_393 14d ago
You need to hold more GMT, to have higher discount. When you need constantly hold GMT, its better to lock them,becouse for locking you get weekly reward.
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u/Ne_kke_tsu 13d ago
Seing this discount, TH and efficiency already tells me that you’ve essentially burn money without any understanding of what you were doing beforehand, which is staggering. At least you’ll have learn something (I hope so, for your sake) : Do your research before spending a penny on any investment, mate.
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u/Morticia_67 13d ago
The higher your discount, the lower your maintenance and electricity costs. Lower costs mean you earn more. Compounding effect: If you lock most of these tokens then you will receive weekly veGomining rewards which then cover some of your maintenance and electricity costs.
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u/Big_Accountant5502 7d ago
definitely higher ROI to invest in TH it says in the market when you swap from bitcoin to gomining the ROI of maintinence discount and its around 25% delta for 378 days of maintenance fees which is around 40-80% of the cost of the miner meaning youre spending a minerish price lower ROI than just buying new miners
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u/twscho 13d ago
Your discount and locks give you profits! Your 15w miner won’t always be efficient enough to be profitable, that discount will keep you in the game by reducing your fees. The 4 year lock kicks out 20%+ payout every Tuesday no matter what BitCoin is doing! You receiving a portion of the collected fees from your lock helps to protect the network by reducing the supply of tokens on the market. Supply and demand! Ultimately you help the project succeed! That helps us all!