GoMining News

2023-02-27 17:12:45 This year we will release several cool collaborations at once. And the first one will appear on our marketplace on Wednesday, March 1.

Khabib NFT Collection by GMT - we created it together with the legendary fighter and ambassador of our project Khabib Nurmagomedov.

What are the distinctive features of this crypto art:

All NFTs have a capacity of 29 TH/s. Khabib Nurmagomedov has won exactly as many victories without defeats during his professional career;

Each NFT from this collection will act as a pass to Khabib's private events;

The rewards of the holders of these NFTs will periodically increase by 29 times.

How it works:
Every day the system will randomly select every 29th NFT (172 per day).
When you get into this list, a 29x multiplier will be available to you.

If the holder of the selected NFT plays in solo mining mode, the multiplier will increase their daily rewards 29-fold.

In pool mining mode, the multiplier on this day will randomly appear in rounds with a probability of 1 to 29. In case of victory, the rewards of those possessing these NFTs will also be multiplied by 29.

The limited edition series Khabib NFT Collection by GMT will be available for purchase on March 1, but right now you have the opportunity to get private access to the presale.

Fill out an application via our Telegram bot or WhatsApp bot and buy the Khabib NFT Collection by GMT 2 hours earlier than others.

You can also read more information here. Open / Comment

2023-02-24 19:31:55 On March 1, we will release a limited edition NFT collection created in collaboration with legendary fighter Khabib Nurmagomedov.

The owners of these NFTs will not only be able to earn an increased amount of bitcoins, but will also have the opportunity to participate in Khabib's private events.

Do you want to reserve your spot to be the first to choose and buy these NFTs?

Submit a request via our Telegram bot or WhatsApp bot and you'll be able to get acquainted with the collection 2 hours earlier than anyone else.

You can find more information about our new collection here. Open / Comment

2023-02-23 18:02:42 We're continuing the series of explanatory publications about staking GMT tokens.

Today we're going to talk about how we guarantee the receipt of a specified percentage of income and the return of frozen tokens in fixed staking.

As you already know, when opening a position user tokens are frozen for 3 months without the possibility of withdrawal.

Technically, the fixed staking smart contract can be described in the following steps:

Holders allow the use of personal tokens for our smart contract;
They open a staking position for an amount not exceeding 100,000 GMT tokens;
When opening a position, the smart contract checks whether there are free tokens on it to cover the interest on the deposit.

If there are enough funds, the position is successfully opened, and users' tokens are frozen along with the interest rate.

The total amount to cover all interest on active deposits cannot be reduced, prematurely withdrawn, or changed in any way.

If there are insufficient funds on the smart contract, your position cannot open.

Where does the amount to cover fixed staking interest come from?

The company replenishes the smart contract balance in advance with GMT tokens, taking into account the equipment reserved. The more ASICs we have in reserve, the more funds the company has available for staking.

As you can see, the blueprint is safe and simple. And it is thanks to the aforementioned that we can guarantee the fulfillment of all our obligations to users. Open / Comment

2023-02-22 19:30:31 GMT is an infrastructure project backed by a real fleet of devices.

We work with the best equipment suppliers, buy gear at the most affordable prices, and also adjust our purchases to market conditions as quickly as possible.

The computing power of our project has now exceeded 1 EH/s (1,068,918.52 TH/s). The process of updating and replenishing equipment never stops.

Here are some interesting details about the miners we work with.

In terms of percentages, 60% of our equipment is from WhatsMiner, 27% from BITMAIN, and 13% from other manufacturers. At the moment, these are the most current models on the market.

Based on the statistics from our service centers, the Antminer S19 and WhatsMiner M31S ASICs may be considered the most reliable today (our fleet of devices mainly consists of them), while Avalon 10-12 series miners showed themselves to be the worst.

We constantly rotate equipment at all our sites. For example, we are now changing second series WhatsMiner gear to third series, and the BITMAIN device fleet is actively increasing and being replenished with S19, S19J, and S19J Pro devices.

By purchasing the most budgetary equipment for a particular period of time, both our company and our customers earn from mining even in the most turbulent of times.

Stay with us and see how we reach our goal of 20% of the total global hash rate. Open / Comment

2023-02-21 18:00:35 One of the most popular questions about GMT Staking is how APR with a floating interest rate is calculated.

We've already mentioned that the final result depends on many factors such as the mining equipment market, bitcoin network complexity, which changes approximately once every 2 weeks, BTC price, and the overall situation on the cryptocurrency market.

Today we'll give you a specific formula for calculating APR so you'll no longer have any questions on this topic.

So:

APR(%) = (income * 365 * BTC/USD) / (GMT/USD) * 100%

income is the actual payment in BTC for today for 1 GMT token;
BTC/USD is the average value of BTC to USD for today;
GMT/USD is the average cost of GMT to USD for today.

This indicator reflects the ratio of the benefits received in dollars for the year to the cost of GMT at today's exchange rate.

We remind you that when choosing flexible staking, holders will receive rewards in BTC daily. Open / Comment

2023-02-20 18:05:26 The crypto world is perhaps one of the fastest growing industries. To be successful you need to not only provide quality products, but also to constantly change.

GMT is an infrastructure project and you won't find outdated technologies at any of our data centers.

We're always looking for new solutions to improve the operation of our fleet of devices. But before any innovations make their way to our sites, they go through several stages of testing.

In order to do this GMT has a research center where our engineers and developers test out all the innovations available today.

We don't only try out existing products, but also come up with our own. For instance, our employees are now working on creating a unique firmware for miners. We won't let you in on all the secrets just yet, but we can say for certain that if our developments are successful this product will be a breakthrough in the crypto industry, because it will significantly accelerate miners without them reaching a critical point.

Our engineers are also developing their own containers right now that are ideal for mining equipment.

Don't worry, you'll be the first to know when our products are ready. Open / Comment

2023-02-17 17:32:02 Since the launch of the GMT staking function, you have been constantly contacting our support service for comments and clarifications.

Almost a third of your questions these days have been devoted to this topic.
It's important for us that the product is clear to you, so we're beginning a series of posts with answers to the most popular questions.

Today we'll be talking about limits.

The minimum number of tokens required for staking is 100 GMT. The maximum number is 100,000 GMT.

It is important to note that these limits apply only to one type of staking. That is, you can simultaneously stake 100,000 GMT tokens with a fixed interest rate and 100,000 tokens with a floating interest rate from one wallet.

Why are we doing this?

The token staking mechanism is still new for both the company and investors. In order for this business model to work smoothly, we need time to build all the processes and will use the resources received from users to expand mining infrastructure.

We need to debug all the necessary procedures for the prompt purchase and launch of new equipment, while not letting down our customers. That’s why we decided to limit the number of tokens available for staking. The maximum amount of 100,000 GMT guarantees the fulfillment of all obligations on our part.

Read more information about staking here. Open / Comment

2023-02-16 17:01:33 Staking has most likely completely captured your attention by now, but this isn't the only innovation our developers have released.

If for some reason you decide to sell your NFTs from The Greedy Machines collection, you'll no longer need to switch to third-party sites. You can now sell them right on our marketplace.

When you go to the Sell NFT page, you can specify which of your digital miners you're going to sell and for how much. After that, you'll only have to wait for a buyer to appear.

A few important points:

Before someone buys your NFT it'll be in your wallet and will bring you rewards.

You can only sell NFT for GMT tokens.

If your NFT is on a virtual wallet, then you can only sell it on a virtual wallet.

If the digital miner is on a real wallet, then when placing crypto art in the Sell NFT section, you'll need to connect the wallet where it's located and give permission for the NFT to be withdrawn to another wallet when buying. Our instructions will help you through these steps.

Don't forget about the commission. For the sale of NFT on our marketplace, we will charge you 5% of the amount you received.

If you want to see the digital miners put up for sale by users, go to the collection filters, select "Marketplace" and "GMT Secondary." Open / Comment

2023-02-16 00:54:11 From now on, GMT Token staking is available.

Staking is a chance to passively earn for owning and blocking (holding) your tokens for a set time frame.

We offer our users two options:

1. Fixed Staking: Users' tokens are blocked for 3 months at 20% per annum (APR). The annual interest rate is fixed and holders receive a guaranteed one-time profit in GMT tokens immediately after the staking closes.

2. Flexible Staking: Users' tokens are blocked for 3 months at a floating percentage. Throughout the entire staking period, users make a profit in BTC every day after investing. The interest rate in flexible staking depends on a lot of factors, such as mining equipment market peculiarities, mining complexity, BTC price, and the general market conditions for cryptocurrencies.

To start staking holders must open and close a position themselves on the GMT Staking page to receive income from staking.

Launching the staking option does not change anything for those GMT token holders who purchased them earlier. Your tokens will still mine BTC. But you can also try out the staking procedure and compare the profitability of the two.

The main source of GMT's income from the blocked funds is the use of these assets as collateral to purchase new equipment and receive daily income from mining. More blocked funds equal more opportunities for the firm to expand, benefitting both the token rate and growth of the company.

Ensuring maximum security of your "frozen" tokens is essential to us, so our product doesn't imply working via Proof-of-Stake, but is based on smart contracts (ERC-20 protocols). Profit is guaranteed by the GMT token staking smart contract code. Our company can't influence the course of blocked funds, burn blocked funds, or change the interest rate for already blocked deposits after you lock your tokens.

Read more information about staking here. Open / Comment

2023-02-14 19:00:33 High-class service centers. How many times have you heard this expression from us, but wondered what's actually behind it?

Long-term expertise has helped us to create not just a separate unit that works like clockwork, but an entire training center where we instruct our specialists.

It's because of this that we have professionals on our staff who understand all the technical nuances of the industry, and are also relieved of the need to overpay third-party companies for maintenance and repairs, which ultimately has a positive effect on your payments.

We even have a rapid response team. It is always ready to hurry to any of our facilities in order to fix problems as soon as possible.

24/7, our service centers carry out several thousand repairs per month and participate in experiments with our research department.

We'll have more for you about what our engineers and IT specialists are developing in the coming days. Open / Comment