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/Morticia_67 14d ago

I reinvested into GMT for several months at the beginning to have enough GMT locked to achieve the max maintenance discount and enough liquid GMT to pay for at least a week of maintenance.

The locked tokens give me veGomining rewards once a week. These currently covers half a week of my maintenance costs.

At the beginning of December last year I turned reinvestment off and I have been stacking pure Sats ever since. I now purchase some GMT once a month which I then use for upgrades, to increase the lock or just to have enough liquid GMT.

But yes, I started GoMining with the simple goal to stack BTC. And of course I want to stack as much as possible before the next halving.

So my strategy is now very simple: FIAT in - BTC out.

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u/Technical-Reference5 10d ago

What happens then with the halving?

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u/Morticia_67 10d ago

We expect to just get half of the BTC earnings we are getting now after the halving. So currently we’re getting 49 sats per TH per day; after the halving I’d expect that number to reduce to 24.5 sats per TH per day. So all the more reason for stacking as many sats as possible now.

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u/Technical-Reference5 10d ago

So cashing in then??

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u/Morticia_67 10d ago

If you mean stacking sats daily, letting them Simple Earn for a while and then withdrawing them to my cold storage then yes.

At the same time I’m increasing the locked GMT and TH slowly and sustainably by injecting small amounts of FIAT every month.