GoMining is announcing an updated Pool Mining mode, which will be implemented in the coming months. The team has worked on changing the NFT game throughout the first quarter of 2024.
And so we are ready to present you with the basic principles, conditions, and innovations that will make Pool Mining more interesting and interactive for users.
The basic principle of the game.
To participate in the NFT game, the user must purchase our digital miner, join an existing pool or create their own.
As before, all rounds in the game will be tied to the beginning and end of finding a real bitcoin block. This is from 120 to 150 rounds per day.
Before the start of each round, the following values will be calculated for each player:
- The sum of the terahashes of all NFTs belonging to them;
- NFT farm level.
Each player will have their own personal score, which will accumulate automatically each round depending on the user’s hashrate.
The calculation will be carried out as follows: the amount of TH/s is multiplied by a special correction coefficient, which will be the same for all users. This is used to balance the increase in points at a distance. The correction coefficient is 1.8.
That is, if a player, for example, has a hashrate of a mining farm equal to 112 TH/s, then every minute, even without entering the game, the player will receive 201.6 points automatically (112 x 1.8).
Personal scores will now become a dynamic unit that players can influence. We’ll tell you how below.
Winners.
The winners will be calculated as follows.
Step one: The score will be counted at the end of the round.
1. First, the formula determines the sum of all clicks for the player:
personal score = (TH x coeff. x round time in seconds).
Round time is the time of the round in seconds. TH is the number of TH the user has, while coeff. is the special correction coefficient mentioned earlier.
2. All of the personal scores of the mining pool players are summed up, thus determining the mining pool score for each clan.
Step two: Determining the winners.
With the introduction of new game mechanics, both the winning pool and a separate winning miner with its owner will be determined in each round.
The scheme for determining the winners is as follows:
1. The system takes the hash of a closed real BTC block and converts it from a hexadecimal value to a decimal value.
2. In parallel, the system will count the total score and distribute all mining pools at intervals. The position of each pool on the interval table is calculated randomly each round.
total score = ∑ personal score
Personal interval consists of a starting and ending value:
personal interval start = previous personal score end
personal interval end = previous personal score + user’s personal score
Where previous personal score end is the value of the personal score end for the previous player in order. The intervals for individual players within each pool are also randomly distributed.
3. The system finds the remainder of the hash division in the decimal system by the total score.
4. It is determined by what interval the value of the remainder of the division turned out to be, and thus the winning pool and the winning player are revealed.
To make it more clear, let’s look at an example.
Let’s say the decimal value of the BTC block is 270516535066034331572171579187041234861424580702815328, and the total score is 175000.
Looking for the remainder of the division:
270516535066034331572171579187041234861424580702815328 / 175000 = 144064
Since the total score was 175000, the range will be from 1 to 175000. Immediately after the calculation, the system will reveal which pool and which individual player of this pool fell under the interval with a value of 144064.
Rewards.
Instead of daily payments, mining rewards will be paid once a week on Tuesdays. We are introducing these game payments into the same system as veTokenomics.
BTC will be distributed among the clans that took the blocks. The owners of the miners who won the rounds will receive rewards in our native token.
Where will these GOMINING come from?
As you know, the tokens minted during the Burn & Mint cycles are distributed into 4 parts, one of which is called GoMining Rewards. GOMINING, which are now being used for multipliers in Pool Mining, will be spent on payments to individual users.
Round multipliers will operate according to the old scheme with a high chance of large values occurring (32x, 64x, 128x, etc). Each round will have its own specific weight, depending on the multiplier.
Leaderboards.
For user convenience, pool leaderboards will be adapted to cycles, and personal leaderboards will also be introduced. Participants will be able to monitor the expected amount of winnings in real time both within the pool and individually.
Additional game mechanics.
As many of you remember, players could previously influence the outcome of a round through manual clicks. At the beginning of the year, we canceled this system. Now we have come up with something much more interesting and interactive.
To add unpredictability to the game itself, as well as to enable users to use various strategies, we will introduce:
Spells. Users will be able to buy special features that will increase their personal score for a while, help freeze this value from rivals, or vice versa, they will be able to protect the pool from attacks by other participants. Spells can be purchased in a special marketplace for GOMINING. The tokens collected will go into the prize fund.
Mini-games. These are additional activities that, in addition to spells, will also change the balance of power.
The GoMining community will have the final say concerning mini-game conditions. Stay tuned, we will keep you informed about the results.
