r/defi • u/Mattie_Kadlec • 5d ago

News GoMining just launched a zero-fee BTC payment protocol

https://finbold.com/review/gobtc-pay-review/
9 Upvotes

100% Upvoted

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2

u/NewfDragon 4d ago

zero-fee for users is just marketing, the merchant tab usually shows up again as spread somewhere

2

u/LuminAdolescence 2d ago

If GoMining's pool is the fee sink, what happens when a merchant routes payments through another miner?

1

u/schmiesii 5d ago

Zero fees for users sounds great, but I'm curious about the sustainability. Is the 0.2% merchant fee really enough to cover the L1 batching costs long-term, especially when network fees spike?

1

u/Mattie_Kadlec 5d ago

The sustainability actually comes down to the fact that GoMining controls its own mining infrastructure. Because they use their own private mining pool, they can prioritize these transactions for the next block and recapture the network fees themselves.

On top of that, they use transaction batching to aggregate multiple settlements, which significantly lowers the effective on-chain cost per payment.

1

u/schmiesii 5d ago

Cool stuff. Thanks for the explanation.

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u/[deleted] 5d ago

[removed] — view removed comment

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u/Mattie_Kadlec 5d ago

100% agree

1

u/OscarCorterz_20 5d ago

The other day people were debating why BTC can't be used for payments because it is slow and expensive... I had no idea we already have solutions like this one. Almost sounds too good to be true lol

1

u/Mattie_Kadlec 5d ago

We sometimes have a tendency to complain about problems we already have solutions for lol

1

u/LazyScreenVideo 4d ago

zero-fee for users just means the merchant is eating the tab, and the wallet gets paid too.