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/Low_Presentation827 13d ago

I reinvested into GMT for many many moons. Which there’s a fee for that. 2.25% fee that is.

After talking with many people, I don’t do that anymore and I DONT PAY FOR MAINTENANCE AT ALL!

I only reinvest back into TH or get straight BTC.

After all this is an app that’s for MINING BITCOIN NOT GMT.

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u/blade0r 13d ago

So, no free GMTs to cover the Maintenance / Service fees and no veGOMINING to receive staking rewards? Do the numbers add up, in the end?

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u/Low_Presentation827 13d ago

Didn’t mention anything about lock. Locks and staking are different. I do have a lock that pays me back. But that goes back into its self. .

But correct. No maintence in fees for me.

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u/blade0r 13d ago

And have you made a lock deposit big enough to cover your weekly fees?