Bitcoin mining platform GoMining has expanded its Simple Earn product, allowing users to turn crypto yield rewards directly into additional Bitcoin mining power.
The new feature gives users the option to receive rewards in terahash (TH) rather than BTC. The TH is added to an eligible GoMining digital miner, increasing the computing power associated with that miner.
According to GoMining, the feature marks the first time a standard crypto yield product has enabled rewards to be converted directly into owned Bitcoin mining power.
Simple Earn supports BTC, USDT, USDC, ETH, SOL, BNB and Gram balances. Users can earn rewards without locking their assets or giving up withdrawals, while GoMining selects and monitors the underlying onchain protocols.
When TH rewards are enabled, GoMining converts eligible rewards and applies the accumulated mining power to the user’s selected miner once per day. The company is currently offering an additional 10% bonus on rewards converted into TH.
Not every miner is eligible. The selected miner cannot be listed for sale or have an active Mine Now, Pay Later installment plan, must operate at an efficiency of 20 W/TH or better, and must have capacity for additional power.
Users can switch their reward type between BTC and TH at any time.
GoMining operates an ecosystem of Bitcoin mining and crypto products, including digital BTC miners , the GoMining Card , Instant Funds and Miner Wars .
