GoMining Introduces TH Rewards for Simple Earn Users

GoMining has introduced a new feature to its Simple Earn product, allowing users to receive their rewards as terahash (TH), a unit of Bitcoin mining power. This is a departure from the default reward type, which pays out in BTC. Users who opt for TH rewards will see their rewards converted into a digital miner's hashrate, with a 10% bonus applied at current rates.

The new feature requires that users meet certain conditions: they must own a digital miner with an efficiency rating of 20 W/TH or better and no active installment plan. The reward cycle still operates on a 4-hour schedule, but TH rewards are only paid out if the reward reaches $0.10 in value. Smaller cycles will continue to pay out in BTC.

GoMining claims this is the first platform to convert crypto yield directly into owned mining power, rather than paying out solely in the underlying asset. The company's Simple Earn product pays rewards on balances held by users across various cryptocurrencies, including Bitcoin (BTC), Tether (USDT), USDC, Ethereum (ETH), Solana (SOL), BNB, and Gram (formerly Toncoin). Rewards are calculated based on the user's balance and the asset's current APR.