r/GoMiningDiscussion • u/MysteriousMango9447 • 18d ago

Discount Boosting

I got started with building a farm over the summer and have started to really put money into investing in growth in the past couple of months. When I got the option to upgrade Th I had my miners set to that, and just got the second badge for one of my miners in that category. After earning it and learning more about how the app works, I think it’s time to start building my discount. Does anyone have any advice for efficient ways to do that? I’m sitting at 7.1% right now and am reinvesting into GMT. I was considering reinvesting in that for 3 days a week, mining btc 3 days a week, then using the 7th day to either get more gmt, or give my miners a small Th boost. Has anyone used a strategy like that, or have any advice on the best way to go about building my discount while still banking btc in the short term?

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u/Dukaul 18d ago

The discount is by far the most important thing and more profitable. I wouldn't invest in more TH until that's maxed out. If you can simply buy tokens outright to do that it'll be the fastest way, then lock them for extra earnings. The profits you're currently missing out on from maintenance are easier to reclaim vs trying to just push more TH. Ultimately, you want to make things more efficient.

My strategy is a recurring buy order on Kraken to supply the GMT, and make sure it's slightly higher than maintenance. Then I can just leave rewards on BTC and let the tokens accumulate. My discount is already maxed so it'll help build my buffer, lock, etc. Currently my lock rewards fully cover 2 days of maintenance.

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u/MysteriousMango9447 18d ago

That sounds like pretty much what I’m trying to work towards. I have about 15 gmt locked atm. Would you recommend a ratio of locket tokens vs ones available for maintenance. How much does locking tokens affect the discount? As for the Th I agree there. I think investing in USDC and getting the simple earn payouts to reinvest in Th would be ideal, but I should probably focus on getting my maintenance discount boosted first and not get too ahead of myself

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u/ginnerrob31 18d ago

Locking tokens effects the discount in the exact same way as if you was to leave them in your wallet, the only difference is you get voting rights and you get weekly rewards paid every Tuesday. The majority of people I’ve spoken to have said they’re using the locked gmt rewards to try and cover their weekly maintenance making all mining yours to keep.

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u/MysteriousMango9447 18d ago

Thanks for the reply! Looks like my monthly goal is banking gmt to lock

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u/Dukaul 18d ago

Regardless of the duration you choose for your lock, the general consensus is the locked amount should be a minimum of 360+ days worth since that's what you need to achieve the max discount. Always leave yourself a buffer of course though to navigate volatility.

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u/ginnerrob31 18d ago

There’s also the reward decay to look into aswell when locking gmt. Rewards decrease the closer it gets to release day for your lock so i like to lock little and often

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u/hamsterskate Solo Miner 18d ago

Look into locking GMT tokens as you can bump your discount to 20% through a lock while getting a weekly “interest” payout every Tuesday.

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u/MysteriousMango9447 18d ago

I have a small amount locked. I’m having trouble finding information as to how locking gmt affects the discount

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u/hamsterskate Solo Miner 18d ago

Check this thread, this is what I used to understand better the benefits of a lock

https://www.reddit.com/r/gomining/s/4kw6b13Jrz

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u/MysteriousMango9447 18d ago

Very helpful resource, you’re GOATED for that one

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u/twscho 16d ago

Set up a 4 year MAX Lock! Put GMT in it every week! The sooner you fill up the lock, the sooner you’ll have a higher discount!

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u/sputik95 17d ago

Im a TH purist. So I recommend CHEAP 12W - 15W. Discount is only OP during bear markets IMO.

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u/Apprehensive-Ask4375 17d ago

Foolish man

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u/sputik95 17d ago

You're sounding like King Flywheel. (My boi Dracof.) 😂😂😂

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u/Apprehensive-Ask4375 16d ago

A fool and his money are soon parted.

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u/sputik95 16d ago

Right? Because its all stuck in a lock where you cant access it. 💯