What currency is Gomining?

Gomining allows miners to extract various cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, Decred, and Zcash using a Pay-Per-Share (PPS) payment scheme.

Dec 10, 2024 at 02:57 pm

What Currency is Gomining?

Gomining is a multi-currency mining pool that allows users to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin. The pool uses a Pay-Per-Share (PPS) payment scheme, which ensures that miners receive a fixed amount of earnings regardless of the pool's overall performance.

Which Coins Can Be Mined on Gomining?

Gomining supports mining for the following cryptocurrencies:

1. Bitcoin (BTC): Bitcoin is the original and most popular cryptocurrency, known for its decentralized nature and limited supply.
2. Ethereum (ETH): Ethereum is a blockchain platform that supports smart contracts and decentralized applications (dApps).
3. Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is similar to Bitcoin but offers faster transaction times.
4. Dogecoin (DOGE): Dogecoin is a meme-based cryptocurrency that has gained popularity as a cryptocurrency for online tipping and microtransactions.
5. Dash (DASH): Dash is a privacy-oriented cryptocurrency that allows for instant and anonymous transactions.
6. Decred (DCR): Decred is a hybrid cryptocurrency that combines Bitcoin's proof-of-work consensus algorithm with a proof-of-stake voting system for governance.
7. Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that allows users to send and receive anonymous transactions without revealing transaction details.
8. BitcoinSV (BSV): BitcoinSV is a fork of Bitcoin Cash that claims to restore Bitcoin's original vision of scalability and increased block size.
9. Ethereum Classic (ETC): Ethereum Classic is a fork of the Ethereum blockchain that retained its original consensus algorithm after Ethereum switched to proof-of-stake.
10. Ravencoin (RVN): Ravencoin is a cryptocurrency designed specifically for the transfer and issuance of assets, such as securities, real estate, and digital collectibles.

How Can I Mine on Gomining?

Prerequisites:

• A mining rig with adequate hardware (GPU or ASIC)
• A crypto wallet to receive earnings
• An internet connection

Steps to Mine on Gomining:

1. Create an Account: Go to the Gomining website and sign up for an account using your email address and password.
2. Configure Mining Software: Download the mining software of your choice (such as Claymore or PhoenixMiner) and configure it to point at the Gomining pool.
3. Set Up Your Miner: Connect your mining hardware to your computer and configure it according to the manufacturer's instructions.
4. Start Mining: Once the mining software is configured, you can start the mining process by running the software and providing your Gomining worker name as an argument.
5. Monitor Your Earnings: Track your mining progress and earnings through the Gomining dashboard, which provides real-time statistics on hash rate, block shares, and earnings.

Is Gomining a Reliable Mining Pool?

Gomining has been in operation since 2014 and has a proven track record of reliability and transparency. The pool's security measures include two-factor authentication (2FA), regular security audits, and a dedicated support team to assist miners.

Comparison of Mining Pools: Top 3 Alternatives to Gomining

1. Poolin: Poolin is a multi-currency mining pool that offers comparable features to Gomining, including PPS payment and a user-friendly interface.
2. AntPool: AntPool is a large mining pool operated by Bitmain, the leading manufacturer of ASIC mining hardware.
3. Slush Pool: Slush Pool is one of the oldest and most established mining pools, known for its reliability and community support.