GoMining Lets Crypto Holders Convert Rewards into Mining Power

GoMining has updated its Simple Earn product to allow users to convert crypto yield rewards into additional Bitcoin mining power. This new feature gives users the option to receive rewards in terahash (TH) rather than BTC, which is then added to an eligible GoMining digital miner.

The TH is used to increase the computing power associated with that miner, marking the first time a standard crypto yield product has enabled rewards to be converted directly into owned Bitcoin mining power. The selected miner must operate at an efficiency of 20 W/TH or better and have capacity for additional power.

Users can switch their reward type between BTC and TH at any time, with GoMining currently offering an additional 10% bonus on rewards converted into TH. Simple Earn supports a variety of cryptocurrencies, including BTC, USDT, USDC, ETH, SOL, BNB, and Gram balances.