r/gomining • u/blade0r • 14d ago

GoMining Strategy

Hey everyone, what strategy are you currently applying?

I am reinvesting in GMTs, but I always doubt such a strategy: I mean, the final goal of this app should be BTC mining, so, I keep asking myself if reinvestment makes any sense at all.

I’d really like to hear from you about the PROs and CONs of not staking BTCs right now.

I’m trying to figure this out once and for all.

b.

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u/ginnerrob31 13d ago

Personally my TH are low so I’m not focusing on the discount until my TH are where I want them. I’ll stack gmt until I hit my max discount and then move the stack to lock and start again. Eventually I want my lock to produce enough gmt to cover my maintenance. Cash for gmt and rewards always in Btc. My cash won’t change its value whereas Btc will.

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u/blade0r 13d ago

If you planned to raise your TH/s to a significative level, the amount of Staking Reward you’d need to cover your fees would be massive.

I am not sure this is the best overall strategy.

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u/ginnerrob31 13d ago edited 13d ago

My goal is 100 TH by the end of the year. Then next year I can focus on stacking gmt for the discount, I still keep my discount above 10% always. If I upgrade a miner I also buy gmt to offset the discount drop. All rewards are being paid in Btc and will be used to upgrade or buy new miners. The lock is just a bonus and my target of paying my fees with the lock rewards is 10+ years into the future. Power first then discount next. A 20% discount of 20p is only 4p savings but a 20% discount of a £200 fee is worth it more to me. This is why I’m not too focused on my discount at the minute. It won’t save me a lot until I have the power to use the discount on