I have spent some time with GoMining for a while now and overall I am pleased with it.
It does what it says it will do. You buy the NFT that is a digital representation of a physical piece of machinery that mines Bitcoin. I have been using this for a little over a month and have received a real payment in BTC so I feel confident enough to give this a good rating.
There are some critiques I will touch on in a moment but let me tell you what I like about this.
This is a minimal entry cost into the world of Bitcoin mining. While you own the NFT, you don’t own the actual equipment. This means that you don’t have to worry about any specifics or replacing anything that is broken. You just get to enjoy the rewards. (minus maintenance fees) After a month, the ROI has been around 40% per year, which is great for any investment. Obviously, this amount will fluctuate based on the price of Bitcoin.
It's easy to upgrade your machines. You can use apple pay and upgrade them in a matter of seconds. I have done two upgrades on my NFTs, and I see the rewards the very next day.
Here are some things that are not so great.
Upgrade options are limited if you don’t have GoMoning tokens. (GMT) They have their own cryptocurrency, and you can use it for things like buying used NFTs off a second hand market, and upgrading the power or lowering wattage of the machine. But it is a pain to figure out how to get GMT affordably. Admittedly, I don’t know a lot about Crypto, but I know that, when I tried to buy some GMT, the gas fee was so high that I would have had to buy ALOT of GMT to make it worth it. If I am still doing this in a year or two I will look more into it, but as of now, it is really complicated for a novice like me.
When you do the free trial, they give you a 16TH machine. They will tell you if you buy your own NFT they will give you 100% discount on maintenance fees the rest of your trial. This is all true, but what they don’t tell you is they will also take away your trial miner once you buy your NFT. So, unless you are going to put at least $200 down on an NFT and upgrades, stick with the trial miner for the whole trial duration.
There are some glitches that are inherent in the system. It had an option for Coinbase pay, but it would error out every time I tried. I think they finally removed that option for now as opposed to just fixing it. There are other small bugs that are present, like, when you select that you are going to pay maintenance fees with the GMT but your account doesn’t have enough, the discount will display that you are getting the 10% even though you are not. It is far from a completely smooth experience. But the main payment methods work so this is not a deal breaker for me.
Overall this is a good system that has been paying out the rewards as promised. The estimates ROI have not been 63% like it said, but 40% is incredible for an investment. As long as you know that this is a risky investment and you should never invest more than you can afford to lose, then I recommend this as another option to get into the crypto market.