GoMining
A real, multi-year mining product with three named smart-contract audits and a referral plan that pays on real spend rather than recruitment - attached to a Bitcoin-mining offer with no company-side redemption of principal, a marketed roughly 40%-a-year return its own contract disclaims, and a corporate group whose institutional arm sells the functionally identical proposition as an SEC-registered security.
GoMining takes a buyer’s capital in exchange for a marketed roughly 40%-a-year Bitcoin-mining return, keeps full control of the underlying hardware, and gives the buyer no right to redeem principal - the only way out is resale on GoMining’s own thin marketplace, locked for 90 days after purchase.
Legal status
LEGAL BUT UNRESOLVED - no court, criminal charge, indictment, or securities-regulator enforcement action against GoMining, GoMining Cyprus, GoMining BVI, BMINE, or GoMining IM could be located anywhere in this research, and an SEC EDGAR full-text search returns a complete result set with no enforcement document naming any of them. GoMining IM (BVI) Ltd.’s Form D filing for the $100 million GM Alpha Blocks fund, filed 29 July 2025, is a routine notice of an exempt private-placement offering - a transparency filing, not an enforcement matter, a sanction, or an admission of anything. Separately, gomining.com is confirmed to appear on the Bank of Russia’s public warning-list index at cbr.ru, a live, search-indexed entry - but the exact "signs detected" classification language and the date the entry was added could not be independently read in this research after four separate fetch attempts were blocked. Treat this as a confirmed listing with unread text, not a confirmed finding of a pyramid scheme, fraud, or any specific violation.
Confidence: Medium
Primary sources fetched directly where possible. Everything we could not verify is listed at the bottom of this page by name.
Follow the money
A Cyprus/BVI corporate group selling "Digital Miner" NFTs - BMINE (BVI) Limited-issued tokens that represent an economic claim on a slice of Bitcoin-mining hashrate GoMining says it hosts in its own data centers - alongside a GOMINING utility token, an in-app "Simple Earn" yield feature, a gamified "Miner Wars" mini-game, and a VIP-tiered referral program paying royalties on a direct referral’s real spend.
The real parts should be said first. GoMining reports operating since 2021 with 5M+ registered users, roughly 5,875-5,913 BTC self-reported as paid out to users to date, and three named third-party smart-contract audit firms - CertiK, HashEx, Cyberscope - with publicly posted reports, rather than an unaudited token. It publishes an actual formula for what a buyer nets - pool reward minus electricity and service fees - and a full table of maintenance-fee discounts for paying in its own token. Independent, unaffiliated reviewer testimony and a 3.6-of-5 Trustpilot average across 754 reviews corroborate that withdrawals genuinely work.
Then the structure. A buyer’s money converts permanently into an NFT whose underlying hardware and operations GoMining alone controls; there is no company redemption of principal, and the only exit is resale on GoMining’s own Secondary Marketplace, locked for at least 90 days on at least one payment channel and described by independent reviewers as a thin market. GoMining’s Terms disclaim any guaranteed rate of return, while a roughly 40%-a-year figure is what marketing and reviewer commentary consistently cite.
And the corporate group’s institutional arm sells a version of the identical proposition - capital in, Bitcoin-mining yield out, entirely company-managed - explicitly as a registered security, through a $100 million SEC Form D private placement. That filing is a genuine transparency positive on its own terms; it also shows the operator’s own institutional structuring treats this economic shape as investment-contract-shaped, which is the central fact this report weighs under `sec`.
Daily maintenance and electricity fees are charged in Bitcoin regardless of whether that day’s mining reward covers them, no income or return disclosure of any kind exists anywhere GoMining publishes, and gomining.com appears - unread but confirmed - on the Bank of Russia’s public warning list.
How the disclosed daily maintenance fee splits
GoMining’s own published net-reward formula (PoolReward minus (Electricity + Service) times (1 minus Discounts)) and per-TH fee figures reported by independent aggregation rather than quoted directly from a live primary rate card. This is the fee split only, not a breakdown of participant outcomes - no income or return disclosure of any kind exists to build a participant-outcome split from, which is the finding graded under `partecon`.
| Product | Price | Pays |
|---|---|---|
| Digital Miner NFT The core product: an NFT issued by BMINE (BVI) Limited representing an economic claim on hosted hashrate. No serial-numbered hardware changes hands; the buyer never gains inspection rights over the physical miners. |
Variable, priced per TH one-time purchase |
5-15% mining royalty to a referrer |
| GOMINING token Utility/governance token for fee discounts, veGOMINING staking votes, and marketplace spend. 77.77% held across three wallets per two independent analytics sources; contract not ownership-renounced. |
Market price, ~$0.34-$0.36 at research date ongoing |
10% royalty on a referral’s Simple Earn use |
| Simple Earn An in-app yield feature; no company disclosure of its underlying mechanism or historical rate was located in this research. |
Variable deposit ongoing yield |
10% royalty on a referral’s use |
| VIP royalty tiers (Bronze through Legend/Elite) The top tier is reachable through owned hashrate alone, with no recruiting requirement - a structurally important fact under `comp`. |
No purchase required - earned by hashrate owned, tokens staked, or referral spend ongoing |
5% / 7% / 9% / 12% / 14% / 15% mining royalty by tier |
| Bonus Miners Non-transferable, non-sellable, non-withdrawable, and revocable by GoMining at its sole discretion at any time; unused bonus rewards are deleted after 90 days if no paid miner has been purchased. |
Free, promotional as awarded |
— |
| GoMining Card One of several smaller referral overrides alongside the mining royalty and Simple Earn override. |
— per $100 of referral card spend |
$20 flat bonus to the referrer |
| Ambassador status Explicitly defined in GoMining’s own Terms as "not a contractual entitlement" - grantable, modifiable, and revocable at will, including on a trial basis. |
Discretionary, invitation-based as granted |
$0.005/kWh electricity royalty on referrals registered after Ambassador status is attained |
| GoMining Institutional / GM Alpha Blocks Fund A Delaware limited partnership, Form D-filed 29 July 2025, managed by SEC-IAPD-registered GoMining IM (BVI) Ltd., selling annual distributions from mining yield - the same economic proposition as the retail product, structured explicitly as a registered security. |
$100 million target fund size; accredited/qualified investors only private placement |
— |
Who runs it, and what they ran before
A named, publicly visible CEO who speaks at industry events and gives on-record interviews - a genuine transparency point relative to anonymous operators. His reported background (Network Implementation Engineer, 1998-2001; left a large industrial employer in 2013; co-founded and ran a Moscow technology company, 2014-2017; advisor to a Moscow venture fund in 2018) comes from a third-party research aggregator and LinkedIn-sourced material, not an independently corroborated HR or court record. No regulatory action, fraud judgment, or criminal proceeding against him could be located anywhere in this research. What was not resolved: the fate of the 2014-2017 company he ran - active, sold, or wound down could not be established - and the roughly one-year gap between GoMining’s stated 2021 founding and his stated 2022 start, with no 2021 founder named anywhere.
GoMining (Cyprus) Limited operates the apps; GoMining (BVI) Limited issues the GOMINING token; BMINE (BVI) Limited issues the Digital Miner NFT that actually represents a buyer’s claim on hosted hashrate; GoMining IM (BVI) Ltd. manages the institutional fund. All three retail-facing entities are named and numbered, which is real disclosure - but none files public accounts, and this research found no independent verification that any retail-facing entity itself holds the MiCA crypto-asset-service-provider license its own Terms describe an unnamed "Licensed Partner" as holding on its behalf.
Listed on the SEC Form D as principals of the general partner and investment manager for the $100 million institutional Bitcoin-mining fund, based in Nashville, Tennessee. Being named on a federal filing is itself a transparency point. Their prior venture track records were not researched in depth in this pass and would need individual FINRA BrokerCheck or SEC IAPD lookups to corroborate.
Registered address
GoMining (Cyprus) Limited, HE450955, Trilogi East Tower, Nicosia district; GoMining (BVI) Limited, 2110978, and BMINE (BVI) Limited, 2120412, both at Trinity Chambers, Road Town, Tortola
Four named, numbered entities disclosed in GoMining’s own Terms of Use - materially more corporate transparency than an anonymous operator - but every one of them is offshore, BVI keeps no public register of company accounts, and no Cyprus registrar filing, revenue figure, or audited financial statement for any of the four entities was located anywhere in this research. GoMining’s own "for investors" page discloses operating metrics - Bitcoin mined, terahash under management - but no revenue, profit, or balance-sheet figure for any entity. A fourth entity, GoMining IM (BVI) Ltd., is registered with the SEC’s Investment Adviser Public Disclosure system (firm #337618) and is named Investment Manager on a Form D filed 29 July 2025 for GM Alpha Blocks US Fund LP, a Delaware limited partnership targeting $100 million from accredited investors.
The veteran's checklist
Eight questions that decide whether this is a business or a transfer mechanism. Same eight, every review.
| Question | Answer |
|---|---|
| Who legally owns it? |
WATCH
A four-entity Cyprus/BVI group - GoMining (Cyprus) Limited, GoMining (BVI) Limited, BMINE (BVI) Limited, and GoMining IM (BVI) Ltd. - all named with registration numbers in GoMining’s own Terms, but none files public accounts.
|
| What does it really cost? |
CONCERN
A variable, per-TH purchase price, plus a combined maintenance fee of roughly $0.0269 per TH per day charged regardless of profitability, plus a 4% fee if funded by card instead of crypto.
|
| Published income disclosure? |
RED
None. No income, yield, or return disclosure of any kind was found anywhere GoMining publishes - no median, no average net figure, no cohort breakdown.
|
| Regulatory action against the company, ever? |
WATCH
No litigated finding, indictment, or SEC enforcement action anywhere in the record. gomining.com does appear on the Bank of Russia’s public warning list, but the exact classification text could not be retrieved.
|
| Can the company change the deal after you buy? |
RED
Yes. GoMining may amend its Terms of Use at any time, and much of the fee schedule and royalty ladder lives in help-center pages the company can update unilaterally.
|
| Can you get your money back? |
RED
No refunds under any circumstance. The only exit is resale on GoMining’s own Secondary Marketplace, locked for at least 90 days on at least one payment channel and described by reviewers as thin.
|
| Is the underlying hashrate independently verified? |
WATCH
No. The claimed 16.9-17 million TH/s and the physical facilities said to host it have not been confirmed by any independent proof-of-reserves attestation or site audit found in this research.
|
| Merchant play or securities-shaped play? |
RED
Securities-shaped. Capital is taken against a marketed Bitcoin-mining return generated entirely by the company’s own efforts, with no principal redemption right - the same corporate group sells the functionally identical proposition to institutions explicitly as a registered security.
|
What has to be true for you to get paid
| To cover | You need |
|---|---|
| Cover the daily maintenance fee from the mining reward alone | ≈$0.0269/TH/day the disclosed combined electricity (~$0.018/TH) and service (~$0.0089/TH) fee at a 15W/TH efficiency floor, charged daily regardless of Bitcoin’s price or network difficulty that day |
| Reach the maximum 20% maintenance-fee discount | Prepay 360+ days of maintenance in GOMINING tokens per GoMining’s own published day-count-to-discount table; the discount scales down to 0% for a balance covering 0-17 days, which means holding a token that is 77.77% concentrated across three wallets |
| Avoid the credit-card purchase fee | Fund the Digital Miner purchase in crypto instead of by card crypto-funded purchases carry a 0% fee versus a stated 4% fee on card purchases, per GoMining’s own schedule |
| Realize the marketed roughly 40%-a-year return | No contractual entitlement to any specific rate exists GoMining’s own Terms of Use define "APR" only as an estimated, forward-looking, purely indicative metric - the 40% figure is marketing and reviewer commentary, not a company promise this report could find any obligation behind |
Read this twice
Three of these four numbers come directly from GoMining’s own published fee schedule and Terms of Use; the fourth - the marketed roughly 40%-a-year figure - comes from independent reviewer and marketing commentary rather than any company guarantee, because GoMining’s own contract explicitly disclaims one. The arithmetic that actually matters is the interaction between the first and the last: the daily fee is owed regardless of outcome, while the headline return is not owed at all. Two unaffiliated reviewers, working independently of each other, make the same point in the record this research reached - that a falling Bitcoin price or a rising network-difficulty figure can leave the daily fee larger than the daily reward, turning a marketed 40%-a-year pitch into a negative one for the same participant in the same product. No company disclosure exists to say how often that has actually happened to real buyers, because no participant-economics disclosure of any kind exists at all.
Run your own numbers
Drag the sliders. Nothing here is stored or sent.
Eight dollars thirty-three is GoMining’s own disclosed aggregate divided out: the company states "5,000+ referrers worldwide" and "more than $500,000 paid out to our partners over the past year," which implies roughly $100 per referrer per year - company-supplied, unaudited, and almost certainly skewed well above what a typical referrer earns given GoMining’s own custom, higher-rate terms for top promoters and agencies. The cost line is $0 because qualifying as a referrer requires no subscription - only a one-time Digital Miner purchase, already covered in the entry cost above. This slider does not include the separate ~$0.0269/TH/day maintenance-fee drag on any hashrate you hold yourself, which is charged regardless of whether mining that day was profitable and is detailed in the break-even table above. Your own subscription cost of $0/mo is included.
What it costs to replace this yourself
This research did not benchmark GoMining’s disclosed fee rate against any named competing hosted-mining or cloud-mining provider’s own rate card - that comparison was out of scope for this brief and no primary competitor rate card was found to cite. What follows instead compares GoMining’s own disclosed terms against the two comparisons any buyer can make without naming a specific competitor: running the equivalent hardware yourself, and simply holding Bitcoin.
| What they sell you | What you'd use instead | Your cost |
|---|---|---|
| Digital Miner NFT - hashrate hosted and operated entirely by GoMining | Self-owned ASIC hardware, self-arranged colocation or home hosting | Upfront hardware and setup cost, plus an electricity or hosting contract negotiated directly, with no company fee layered on top |
| Combined maintenance fee - approximately $0.0269 per TH per day at a 15W/TH efficiency floor | A directly negotiated hosting or colocation contract’s own per-TH rate | Could not be benchmarked against a named provider in this research; get any hosting quote in dollars-per-TH-per-day and compare it directly against GoMining’s published figure |
| Up to 20% fee discount for prepaying 360+ days of maintenance in GOMINING tokens | Paying maintenance or hosting fees in cash as billed | No token-concentration or contract-control exposure, at the cost of forgoing the discount |
| 4% fee on credit-card-funded purchases | Funding the purchase in crypto instead | 0%, per GoMining’s own published fee schedule |
| 90-day resale lock, no company redemption of principal, exit only through GoMining’s own Secondary Marketplace | Buying spot Bitcoin directly on the open market | Immediate custody, no lock-up, no maintenance fee, and no NFT wrapper standing between the buyer and the asset |
| No income or return disclosure of any kind | A regulated brokerage or fund publishing an audited performance history | The comparison itself cannot be completed - GoMining publishes no net-return figure for a prospective buyer to weigh against anything |
| Total as sold A per-TH cost this research could not benchmark against any named competitor, on top of a purchase price with a 90-day resale lock and no company redemption right |
Total, built yourself Whatever a directly negotiated hosting contract or a straightforward Bitcoin purchase costs - both fully quotable and comparable in advance, unlike GoMining’s own offer |
Price-to-value
GoMining’s fee disclosure is genuinely more specific than most of this category offers, and that is a real credit. But the two comparisons a buyer actually needs - what a competing hosted-mining contract charges per TH, and what simply buying Bitcoin outright would have returned over the same period with none of the lock-up or fee drag - are not made by GoMining’s own marketing, and this research could not complete them independently either. A buyer is left comparing GoMining only against itself.
Three operators, five horizons
Probability of cumulative net profit
Hover any point for median, top decile and bottom quartile.
Pure buyer, no referrals
buys one Digital Miner, never refers anyone, pays maintenance from the mining reward
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 34% | −$70 |
| 6 mo | 37% | −$90 |
| 1 yr | 44% | +$30 |
| 3 yr | 47% | +$160 |
| 5 yr | 49% | +$380 |
Buyer + casual referrer (Bronze-Gold VIP)
same purchase, refers a handful of friends who buy or upgrade miners
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 37% | −$40 |
| 6 mo | 41% | −$30 |
| 1 yr | 49% | +$150 |
| 3 yr | 53% | +$540 |
| 5 yr | 55% | +$1,150 |
High-volume promoter (Platinum-Legend or custom terms)
builds a real referral base, negotiates custom agency terms above the published ladder
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 29% | −$800 |
| 6 mo | 41% | −$500 |
| 1 yr | 54% | +$1,900 |
| 3 yr | 58% | +$7,800 |
| 5 yr | 60% | +$16,500 |
Methodology note. Every figure in these three cohorts is MODELED by this report, not anchored to any company-published outcome. GoMining publishes no income or return disclosure of any kind - no median, no average net figure, no cohort breakdown - so there is no participant-economics document for this table to be built from, unlike most reports on this site. The modeling instead combines GoMining’s own disclosed fee schedule (≈$0.0269/TH/day combined maintenance, up to 20% discount for prepaying in GOMINING tokens, 4% card-purchase fee), the range between the marketed roughly 40%-a-year figure and the fee-exceeding-reward downside two independent reviewers describe, the referral royalty ladder (5-15% on direct referrals’ spend) for the two cohorts that recruit, and the resale-only exit with its 90-day lock. Treat the `p` figures and dollar ranges as this report’s own estimate of plausible outcomes under those disclosed terms, not as a claim about what any actual GoMining participant has earned - because GoMining itself has never published that number.
Where you are actually allowed to promote this
Platform policy reads, not verifications. Check every one before you spend a dollar - enforcement changes faster than the written policy does.
Red flags and green flags
Red flags
151No company-side redemption of principal, ever
2A 90-day resale lock on at least one payment channel
3No refunds under any circumstance
4Extreme token concentration - 77.77% across three wallets
5The GOMINING token contract is not ownership-renounced
6A roughly 40%-a-year return figure is marketed while the company’s own contract disclaims any guaranteed rate
7No income or return disclosure of any kind exists
8Daily maintenance and electricity fees are charged regardless of mining profitability
9No independent proof-of-reserves or facility verification exists for the claimed hashrate
10HashEx’s August 2023 audit lists one High and two Medium-severity findings marked "Open"
11Cyberscope’s most recent audit (October 2024) still shows two Medium findings marked unresolved
12The audit GoMining markets as current is more than five years old
13Bonus Miners are revocable at GoMining’s sole discretion, for undefined "fraudulent activity"
14Ambassador status - gating the richest referral economics - is explicitly non-contractual
15gomining.com appears on the Bank of Russia’s public warning list, with the classification text unread
Green flags
81Referral royalties are paid on real product spend, not recruitment
2The top referral-royalty tier is reachable without recruiting anyone
3Named, numbered corporate entities disclosed in the company’s own Terms
4The institutional fund is properly SEC-filed, not concealed
5Three independent named audit firms with publicly posted reports
6A published, formula-based net-reward calculation
7A full, specific maintenance-fee discount table
8A working, independently corroborated withdrawal mechanism
We would like to be wrong about this
Upward
- A retrievable Bank of Russia listing that turns out to carry no pyramid or fraud classification, or is formally cleared, replacing an unread listing with a resolved one.
- A named, independent proof-of-reserves attestation or facility audit confirming the claimed 16.9-17 million TH/s of hosted hashrate actually exists at the scale claimed.
- Publication of a genuine participant-economics disclosure - even an aggregate one - breaking out net returns after fees by cohort, and a current audit replacing the stale 2021 CertiK report GoMining’s marketing still cites.
Downward
- Any securities-regulator action applying an investment-contract theory to the retail Digital Miner product specifically, rather than only the already-registered institutional fund.
- Confirmation that the Bank of Russia listing carries a "signs of financial pyramid" classification for gomining.com specifically, or evidence that mining rewards are being funded from new-participant capital rather than real mining revenue.
- Evidence that the Secondary Marketplace is thinner than reviewer commentary already suggests - that resale below a steep discount is the norm rather than the exception.
Grade is D. A real, multi-year Bitcoin-mining product with three named audits and a referral plan that pays on real spend, attached to a structure that takes capital against a marketed roughly 40%-a-year return with no company-side redemption of principal.
Two things here are genuinely better than the category norm. The referral plan pays on a direct referral’s actual purchases and upgrades - never on a signup fee - and the top royalty tier is reachable through owned hashrate alone, with no recruiting requirement at all. And the company submits to real outside scrutiny: three named audit firms, a formula-based fee disclosure specific enough to include a full day-count-to-discount table, and a reviewer-tested withdrawal path backed by a 3.6-of-5 Trustpilot average across 754 reviews. That is a genuine, operating mining business, not a shell.
The exposure sits in the structure, not in any single bad number. A buyer hands over capital in exchange for a marketed Bitcoin-mining return; GoMining alone controls the hardware and the operation; there is no company redemption of principal at any point; and the only exit is resale on a marketplace GoMining itself operates, locked for at least 90 days and described by independent reviewers as thin. GoMining’s own Terms define the advertised return only as a non-binding, purely indicative estimate, while marketing consistently cites roughly 40% a year - a real gap between promotion and contractual obligation. And the same corporate group’s institutional arm sells the functionally identical proposition explicitly as an SEC-registered security, which is the clearest evidence in the file that the operator’s own structuring treats this as investment-contract-shaped.
What is unresolved matters as much as what is confirmed. No income or return disclosure of any kind exists to say what a typical participant actually nets after fees. No independent proof-of-reserves or facility audit confirms the claimed 16.9-17 million TH/s of hosted capacity actually exists at the scale claimed. Two of the three named audits carry unresolved findings at their own report dates, and the one GoMining still markets as current evidence of security is more than five years old. And gomining.com is confirmed to sit on the Bank of Russia’s public warning list, though the exact classification text could not be retrieved - a fact to weigh as an unread listing, not a proven finding.
Read the APR disclaimer before the marketing page
GoMining’s own Terms of Use define "APR" only as a non-binding, purely indicative, forward-looking estimate. If a promoter or a marketing page cites roughly 40% a year, ask what obligation actually backs that number - the answer, in the company’s own contract, is none.
Price the 90-day lock and the resale market before buying, not after
Principal is never redeemed by the company; the only exit is resale, and it is locked for at least 90 days on at least one payment channel into a market independent reviewers describe as thin. Ask what a comparable used Digital Miner actually sold for recently before assuming resale value equals purchase price.
Get a competing per-TH hosting quote before comparing GoMining to nothing
GoMining discloses its own maintenance rate in detail - about $0.0269 per TH per day at a stated efficiency floor - but never benchmarks it against a named competitor. Get an actual quote from a hosting or colocation provider in dollars-per-TH-per-day and do the comparison GoMining’s own marketing does not do.
Weigh spot Bitcoin as the plain-language alternative
Buying Bitcoin directly carries no maintenance fee, no 90-day lock, no NFT wrapper, and immediate custody. It also carries no mining-yield component and no referral royalty - which is exactly the trade-off a buyer should be pricing consciously, rather than defaulting into the more complex product because it is the one being marketed.
Nine dimensions, weighted
Dimension profile
Further from center is better. Hover any point.
Hard caps that bind here
The lowest binding cap wins, regardless of the weighted arithmetic.
What we read
Every source below links to the document itself. Tier 1 is a primary record - the company’s own plan, policy or disclosure, a court filing, a regulator’s decision or an SEC filing. Tier 2 is a self-regulatory or secondary regulator record, tier 3 reporting or academic work, tier 4 an open-market price comparison. Where a document can be moved or withdrawn, an archived copy is linked beside it. If a link is dead when you try it, that is a correction we want.
- GoMining Terms of Use for Products and Apps
Primary contract document. Names all three operating entities with registration numbers and addresses; defines "APR" as a non-binding, purely indicative, forward-looking metric only; defines "Ambassador Status" and "Bonus Miner" as discretionary and revocable at GoMining’s sole discretion; references MiCA ART/EMT token categories and an unnamed "Licensed Partner" CASP.
Not established by this document: The full document runs far longer than what was retrieved; the Secondary Marketplace clause, refund policy, and governing-law/arbitration clauses were not fully captured in the retrieved excerpt.
- About GoMining’s Bitcoin Mining Ecosystem
Self-reported founding year (2021), user count (5M+), staff count (300+), total TH/s (16M+), facility locations, and a hardware-vendor partnership claim.
Not established by this document: No named founder distinct from CEO Zalan; no revenue or financial figures; facility claims not independently verified.
- GoMining for Investors: Metrics and Audits
Self-reported key statistics (7 years, 5,913 BTC total mined, 16,957,806 TH/s) and named audit partners.
Not established by this document: No audited financials; the BTC-mined figure differs slightly from the referral-program page figure (5,875 vs 5,913).
- Maintenance fees and discounts
The full net-reward formula and the complete day-count-to-discount-percentage table for the up-to-20% GOMINING-token maintenance discount.
Not established by this document: Does not itself give the underlying dollars-per-TH service and electricity rate card; those figures came from a secondary aggregation.
- GoMining Referral Program - earn from every friend you invite
Primary comp-plan page: VIP royalty ladder (5-15%), Simple Earn 10% override, $0.005/kWh electricity royalty, $20 card bonus, 2.5% Miner Wars royalty, self-reported program scale ($500K+/year across 5,000+ referrers), and custom terms for KOLs/agencies.
Not established by this document: Does not itself state whether any L2/deeper-level override exists or its rate.
- Referral & Ambassador Program - GoMining Docs
Defines the exact referral reward percentages, eligibility exclusions, and the Ambassador electricity-royalty formula and calculation schedule.
Not established by this document: Silent on any L2 payout; states rates are "subject to change."
- VIP program
Confirms VIP status is based on the highest of mining power owned, veGOMINING votes staked, or 180-day referral activity - the top royalty tier is reachable without recruiting.
Not established by this document: Does not list the full benefit table for every tier beyond referral royalty.
- Become a True GoMining Partner
States the full VIP royalty ladder explicitly: Bronze 5%, Silver 7%, Gold 9%, Platinum 12%, Diamond 14%, Legend/Elite 15%.
Not established by this document: A company blog post, not the binding contract text.
- GoMining Review: Scam, Ponzi… or Both?
An independent hands-on reviewer who paid in Bitcoin and tested withdrawal successfully; reports the roughly 40%-a-year advertised return, thin secondary-market resale demand, and names the BVI entities by full address.
Not established by this document: An opinion/review piece, not a regulator or court document; the author’s methodology was not independently audited by this research.
- Gomining Review: Fraudulent Cloud Mining Operation
An independent critical reviewer alleging no regulation and no transparency; used only as one of two sources corroborating general "unregulated/thin transparency" sentiment, not relied on alone for any specific fact.
Not established by this document: Contains a factual claim (that the domain was only registered in 2025) that conflicts with GoMining’s own 2021-founding claim and other reviewers’ accounts; treated with caution and not used as a sole source for any fact in this report.
- GOMINING.COM | Bank of Russia
A search-engine-indexed page title confirms a live cbr.ru warning-list entry for GOMINING.COM exists on the Bank of Russia’s official domain.
Not established by this document: This research could not fetch the full page content directly (blocked by network egress restrictions and repeated crawl errors across four separate attempts) - the exact "signs detected" classification language and precise dates were not independently read; inferred only by format analogy to adjacent, directly-read cbr.ru entries.
- List of entities with detected signs of illegal activities in the financial market
Confirms the general methodology and legal basis of the warning list the GoMining entry appears on (a monitoring system plus complaints, covering financial pyramids and illegal market participants; does not cover individuals).
Not established by this document: A general index page, not the GoMining-specific entry.
- MINERS-SIGNALS, Finvage, Len-trade | Bank of Russia
A directly-read, comparable warning-list entry used to establish the standard page format applied by analogy to the GoMining entry.
Not established by this document: Not itself about GoMining; used only for format corroboration.
- SEC EDGAR full-text search for "GoMining"
A confirmed working full-text search returning exactly one hit (the GM Alpha Blocks Form D) and no enforcement or litigation documents naming GoMining anywhere on EDGAR.
Not established by this document: Full-text search covers only EDGAR-filed documents; it does not cover investor alerts or non-filed SEC web pages.
- GM Alpha Blocks US Fund LP - Form D (primary_doc.xml)
The primary Reg D filing: names GoMining IM (BVI) Ltd. as Investment Manager, GM Alpha Blocks Feeder GP Ltd. (Cayman) as General Partner, and principals Fakhul Miah, Jeremy Dreier and John D’Agostino; confirms the 3(c)(1)/3(c)(7) pooled-fund exemption and a management/performance fee structure.
Not established by this document: Does not disclose the amount raised to date (marked "Decline to Disclose").
- EDGAR Company Search Results - CIK 0002078243
Confirms GM Alpha Blocks US Fund LP’s single Form D filing, Delaware incorporation, and Nashville, TN business address.
Not established by this document: None material.
- GOMINING IM (BVI) LTD. - Investment Adviser Firm (IAPD)
Confirms GoMining IM (BVI) Ltd. has an SEC IAPD firm profile (firm #337618) as an investment adviser.
Not established by this document: The page is JavaScript-rendered; this research could not extract the full underlying registration detail (AUM, registration date, disciplinary history) from a raw fetch - confirmed only that the profile exists at this ID via a search-index title match and a direct fetch that returned the page shell.
- EDGAR Company Search Results - "gomining"
Confirms "No matching companies" for an issuer-name search on "gomining" - no GoMining entity is itself an EDGAR-registered issuer/filer in its own name.
Not established by this document: None material.
- GoMining (GOMINING) Security Score & Audit - CertiK Skynet
Confirms CertiK’s last audit was delivered 12 August 2021 and confirms extreme token-holder concentration (77.77% Major Holding Ratio across 3 wallets, an "Extreme" concentration indicator, 0% owner-held).
Not established by this document: A third-party analytics aggregator, not a regulator; figures are algorithmically derived from on-chain data.
- Gomining token Smart Contract Audit - Cyberscope
The most recent independent audit iteration found: 0 Critical, 2 Medium (unresolved), 5 Minor (unresolved); confirms the contract is not ownership-renounced and retains mint, burn, fee-setting, and blacklist functions.
Not established by this document: The audit firm was compensated by the project (standard industry practice, not unique to GoMining); it does not independently verify off-chain mining operations.
- GoMining smart contracts preliminary audit report (PDF)
The primary audit PDF: 13 total issues (1 High, 2 Medium, 5 Low, 5 Informational); the High and Medium findings are marked "Open," and the report states "No issues were resolved in the update."
Not established by this document: Titled "preliminary" and marked "for internal use only" by HashEx’s own disclaimer; no confirmed later or final HashEx report was located.
- GoMining Token Price (GOMINING/USD) - CoinGecko
Current price (~$0.34), market cap (~$138.8M), and 24-hour volume; confirms circulating supply is close to total supply at this snapshot.
Not established by this document: A market-data aggregator, not an audited company figure.
- Gomining Token Price Today - CryptoRank.io
All-time-high ($0.565, 16 December 2024) and all-time-low (~$0.0695) figures, with percentage-off-ATH/ATL calculations and a 30-day green/red day count.
Not established by this document: An aggregator site; the exact ATH date was not cross-verified against a second independent price tracker in this research.
- What Is GoMining (GOMINING) And How Does It Work? (CMC AI)
Confirms the "Liquid Bitcoin Hashrate" protocol name, the weekly Burn & Mint mechanic, and a roughly 437M "original supply" with roughly 29.9M (6.84%) permanently burned.
Not established by this document: An AI-generated summary product; the supply figures here do not fully reconcile with the 10-billion max-supply figure reported elsewhere.
- Gomining Token price now - CoinCarp
The source for the roughly 414.72M circulating / 10 billion max supply figures used in this report’s token section.
Not established by this document: Not cross-verified against a second tracker for the specific max-supply figure.
- GoMining Reviews - Trustpilot
754 reviews at a 3.6-of-5 average rating; a sample of both strongly positive and hostile reviews, some with a company reply.
Not established by this document: Trustpilot explicitly disclaims fact-checking of review content; a private ratings aggregator, not a government body.
- GoMining Institutional - Institutional-Grade Bitcoin Mining & Yield Strategies
Confirms the "GoMining Alpha Blocks Fund" institutional product, its positioning versus self-mining and spot Bitcoin, and references to institutional infrastructure partnerships and restricted access to "qualified participants."
Not established by this document: A marketing page; it does not itself disclose the fund size raised to date or performance.
- GoMining launches $100M Bitcoin mining fund for institutional investors
Confirms the $100M target size, a named custody arrangement, and a Core/Advanced strategy split for the institutional fund.
Not established by this document: Syndicated press coverage, not a primary fund document (e.g., a private placement memorandum); fund economics were not independently confirmed beyond the Form D’s generic fee-disclosure language.
- How to Sell a Digital Miner on GoMining Marketplace / Buying and selling FAQ
The source for the no-refund policy and the 90-day Ecommpay transfer-restriction detail.
Not established by this document: This research reached this fact via a search-engine summary of the page rather than a direct full-page fetch; the exact clause wording was not independently re-read verbatim.
What we could not get
- The "44.7k searches" premise figure for the watchlist ranking - no working keyword-volume tool access existed in this research, and no substitute primary source for search volume on "gomining" was found; not confirmed or refuted.
- The exact text and detection date of the Bank of Russia (cbr.ru) warning-list entry for gomining.com - the entry’s existence is confirmed via a search-indexed title match on the live cbr.ru domain, but the full page content could not be fetched after four separate attempts across different tools, all blocked by network restrictions.
- The identity and license status of GoMining’s "Licensed Partner" - the crypto-asset-service-provider GoMining’s own Terms describe as handling regulated EEA services on its behalf - not named anywhere in GoMining’s public materials this research could reach.
- Whether GoMining’s payouts to users are funded from actual mining revenue or, in whole or part, from new-participant purchase capital - the single largest open question in this research; no evidence was found either way, and no audited financial statement exists to check against.
- Independent physical verification of any named GoMining mining facility, including the claimed 16.9-17 million TH/s of hosted capacity - no property record, utility-interconnection filing, satellite-imagery review, or site-visit report was attempted or located.
- Whether the HashEx (August 2023) High/Medium findings, or the Cyberscope (October 2024) Medium findings, have since been remediated in any later, unpublished, or not-yet-indexed audit report.
- The identity of GoMining’s 2021 founder, if distinct from CEO Mark Zalan - Zalan’s own biography has him joining "since February 2022," and no 2021 founder was identified anywhere in GoMining’s materials to close that gap.
- Reconciliation of the two differing GOMINING token supply figures - roughly 437 million "original supply" per one market-data source against a 10-billion-token max-supply figure per another - not resolved against a primary tokenomics document; may reflect different definitions rather than a genuine conflict.
Not advice
This is independent analysis for decision-making, not legal, financial or investment advice. Allegations reported by third parties should be verified against primary court and regulatory records before any decision.
Researched by Claude. Reviewed by an editor.
Every report is researched and written by Claude, Anthropic’s AI assistant, from the company’s own plan documents, policies, terms and regulatory file - then reviewed before publication by Rob Fore, who checks the sources and the stage-label on every allegation.
- Nine weighted dimensions, published with their weights
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Author, editor and publisher
This report was researched and written by Claude, Anthropic’s AI assistant, working from primary documents - GoMining’s own compensation plan, its policies and procedures, its terms of service, its income disclosure statement where one exists, and its regulatory and self-regulatory file. It was scored against nine weighted dimensions that are published in full, with their weights, on the methodology page.
Before publication it was reviewed by Rob Fore, who checks every source link, every figure against the document it came from, and every allegation against its stage-label - an investigation is not a finding, a warning letter is not an enforcement action, and a filed claim is not a verdict.
The editor does not set the grade. The published score is the weighted composite of the nine dimension scores, and the build refuses to emit a page where the two disagree by more than 0.06. A grade moves when the evidence moves it and not otherwise.
Rob Fore has marketed online since 1996, wrote Online MLM Marketing (2014), and is CEO of Listech Inc, the Nevada corporation that publishes this site. He holds affiliate positions in companies graded here - including LiveGood, which this site grades D, SendOutCards, which it grades C−, and the Home Business Academy, which it grades B−. Those positions are disclosed on the reports they touch, and changed nothing on this page.
About the author and our conflicts · Contact the editor · Corrections: corrections@opportunitygrade.com
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