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Frequently Asked Questions
What is GoToken?
Gotoken is a digital cryptocurrency, Based on SCRYPT (POS) with a total supply of 4,000,000,000.
What is Cryptocurrency?
Cryptocurrency is a digital currency used as a medium of exchange, difficult to counterfeit because of the security feature of it. Bitcoin is the first blockchain cryptocurrency and still the most valuable cryptocurrency today. You may find more information on this topic here.
What is Bitcoin?
Here is a simple explanation about what bitcoin is. We have different currencies in the world such as, dollar, yen and euro, and then there is bitcoin, unlike other currencies, bitcoin is decentralized, not controlled by an organization like government or banks. Bitcoin is used by millions of people all over the world and continuously increasing. Every hour, thousand dollars worth of bitcoins are traded with no medium or middle man and therefore, no transaction fees are deducted. An example is we send money to people thru remittance centers and they charge us for remittance fee, but bitcoin can be sent through the blockchain network with a little fee's.
What is Cloud Based Mining?
Cloud mining is the process of mining cryptocurrencies through cloud. Mining companies provide the mining hardware, electricity and maintenance. This opportunity gives the user an advantage of mining cryptocurrency without the need of purchasing their own mining hardware at home, therefore, users may save space, time, risk and money.
What is Mining Pool?
Mining pool is the pooling of resources by miners who share their processing power over a network to split the reward equally, according to the amount of work they contributed to the probability of finding a block. Gominer company have our own mining pool to mine all profitable altcoins like bitcoin, Ethereum, Litecoin, Monero and etc. GOMINER MULTIPOOL is a POOL MINING system. Block time and the price on the exchanges are the two key factors involved in the algorithm to calculates profitability. GOMINER MULTIPOOL will automatically exchange the mined coin to a coin that is accepted generally for example "bitcoin". the advantage of this method is to avoid the need for many different wallets for all possible mineable coins. Another advantage of GOMINER MULTIPOOL is to possibly receive more bitcoin currency than mining that currency alone because the most profitable coins are being mined then sold for the intended coin (bitcoin). Using this method also increases demand on the intended coin, which has the side effect of increasing or stabilizing the value of the intended coin. Mining Pools allow miners to come together and pool their computing power in order to increase the chance of mining a Bitcoin block, therefore, our company provided our own mining pool exclusively for GMX owners for maximum profitability.
What is Altcoin?
"Altcoin" is a combination of two words: "alt" and "coin"; alt signifying 'alternative' and coin signifying (in essence) 'cryptocurrency.' Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin. After the success story of Bitcoin, many other peer-to-peer digital currencies have emerged in an attempt to imitate that success. While Bitcoin was the first cryptocurrency, and remains the best-known, it is now only one of hundreds of cryptocurrencies, which all seek to improve upon Bitcoin in various ways.
What is Gominer?
What is Gotoken and its usage?
Gotoken can be use in many various way including staking, cloud mining, trading and many more. Learn more About Gotoken
What currency am I able to mine on Gominer?
Our System Mines Multiple Crypto Currency at once including bitcoin, ethereum, litecoin, sia, Zcash and many more, Therefore All Mined coins are automatically converted to Gotoken in realtime to protect our clients to volatility.
How long does a contract last?
All Hashing Power are valid for 1 year. Maintenance fees are not included in your Hashing Contract. Gominer allows you to pre-pay Gominer Fees to cover any Overhead earnings such as admin fees, electricity fees, local farm engineer fees and more.
What benefits does the company get from this?
After your 14 Days Free Electricity Trial or Gominer Fees Trial, Gominer Earn when user prepay their Gominer Fees ( electricity fees ) and also gominer earns when we sold out Hashing power, Sales of GMX-r1, Exclusive partners with 3rd party and many more.
You dont have to worry about us, Gominer Project will run even in non profitable or break even scenario for us until 2022.
Overclocking Allows your Hashpower to produce 30% more power, with Cooldown of 12 hours for non premium users.
How to sign up at Gominer?
How to activate your account
You will need to confirm your email address to enjoy the 100% Features of Gominer.
How to Buy a mining contract
First you will need to Buy your Gotoken to our Token Sale
Step by step: Buying Hashpower
You can use our Simplified or Advanced Buy hashpower page to purchase a Hashpower
How to withdraw my balance and earnings?
Withdraw your Bitcoin Balance from your wallet Here
Convert your earnings to Bitcoin
Can i withdraw my earnings without an investment?
All Features and such a withdraw/send to other BTC wallet are usable.
Fees and charges
Fees may change without prior notice due to the (movement) cryptocurrency value.
( During your first contract all GOminer fees are free for 14 days ).
Do you accept Credit card payments?
We don’t accept credit card payments at the moment, this option is under development and will be available in the nearest future.
Do I need to create a wallet?
One of our company’s mission is to create a user-friendly system for every client, thus, upon creating your account on Gominer, everything is set and ready to use.
How can I check my current balance?
You may check your active balance on Wallet page and to your Dashboard page.
What is Gominer Staking?
With Gominer token staking, you can earn GoTokens daily without any fees unlike Cloud Mining.Gominer gives staking investors a profit of 2% of their total investments a day. This earning percentage of 2% increases for up to 4% if an investor continues his staking to the 7th week
Full details of Token Staking can be seen Here
Definition of Staking - Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins a staking investor holds. This means that the more Bitcoin or altcoin is staked, the more profit a staker may earn.
What is Cloud Mining Contract?
Cloud Mining Contract contains the amount of hashpower and the length of days you will mine cryptocurrencies on Gominer.
What is Gominer Fees or Electricity Fees?
Compare to traditional and classic cloud mining from other competitors, Gominer offers a Pay as you go system to offer a very cheap hashing contracts
Mining Contract without a Gominer fees
When your free 14 days free electricity / Gominer maintenance fee expires, you will still earn a daily reward but the cost for electricity will be automatically deducted, Example: you will earn 1 BTC per day from 14 days trial, if your trial expired your daily earnings will reduce to 0.2-0.3. However, with our “Pay as you go system”, you can prepay and add more days, weeks or months on your existing Mining Contract to prevent the system deduct fees from your earnings, Having Prepay or stay in non expired status will give you a lot of bonuses including the overclock. if you have more question regarding this, dont hesistate to open a chat support.
What is Bounty and Invite System?
Every Gominer client have their own unique invite link which can be shared with anyone. You will be rewarded for anyone who registers and invest using your inviter link.
1. Invite your Friends
2. Use your friends link
Google Authy and 2FA
Our company uses google authy and 2FA which are known for its precise web security.
to activate google Authy, you must first download the application at https://authy.com/download/, after downloading, login to your account and go to security settings and follow these steps:
a QR code will be shown and you will need to scan this code using Authy, after this copy the generated code and paste it google authy activation box located on the security settings page and finally confirm the activation.
To activate 2FA, simply login to your account and go to your dashboard, go to security settings then select 2FA security.
Our users have an option to activate only one of these security apps at a time as it may result in technical problems in your account Upon activation, the user will be requested to complete a certain security challenge for each login or any transaction.
Our company is using an SMS authentication which are known for their privacy security using their own phone.
Enter in your cellphone number (country code in the first box, full phone number in the second box).
The Code will send to your private number so make sure that your registered number is always active.
Make sure that your registered number is always active
Am i secured with Gominer?
Security is one of our most priority, with this reason, our company is trusted by multiple investors and acknowledged by numerous well-known companies.
-By doing a backup for every account to secure accounts from hackers and restoring your account from its safe state.
-90% of Funds are safely secured to our Hardware Cold Wallets to protect users assets.
-Large amount of withdrawals (10-100 BTC) will be handle by our advanced security to verify the requested transaction.