GoMining First Platform to Pay Yield Directly as Bitcoin Mining Power
GoMining has revolutionized its Simple Earn yield product by allowing users to receive rewards in terahash (TH), a unit of Bitcoin mining power, instead of Bitcoin (BTC). This makes GoMining the first platform to convert a standard crypto yield product's rewards directly into owned mining power.
The Simple Earn feature is an automatic yield product inside the GoMining app that lets users earn rewards on their idle crypto balances without locking funds or limiting withdrawals. The feature normally pays rewards in BTC, calculated based on a user's balance and the asset's current APR. With the new option, users can switch the reward type to TH and apply it to any of their digital miners.
The TH reward comes with a 10% bonus, which is currently applicable. However, there are certain conditions for users to qualify for TH rewards. Their digital bitcoin miner must not be listed for sale, have no active Mine Now, Pay Later (MNPL) installment plan, run at 20 W/TH efficiency or better, and have room left before reaching maximum power.
The reward type can be switched between BTC and TH at any time, with the change applying from the next 4-hour reward cycle. GoMining's Simple Earn is available for users holding Bitcoin (BTC), Tether (USDT), USDC, Ethereum (ETH), Solana (SOL), BNB, and Gram (prev. Toncoin).