Where does the €0.05 in interest from your satoshis come from? I can't figure that out from the post.
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•@InvestingJourney These come through Simple Earn—that is, by providing liquidity for transactions so they can be executed almost instantly (e.g., when someone on GoMining buys a new miner, upgrades it, or buys or sells new cryptocurrencies) In return, GoMining charges buyers a small fee, which is then paid out to the people who provide liquidity.
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•@Gainzilla What risk are you taking on by providing your liquidity?
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@InvestingJourney It's not really a "real" one, since it always chooses the best option, and I can decide at any time whether to turn it off again. I can also transfer my Sats to another wallet at any time, and that's it—so 24/7 access, and in my opinion, that's pretty good.
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@Gainzilla I use GoMining myself, but I’d recommend that you never leave a large portion of your stack in their online wallet. If things keep going downhill, mining companies will be the first to go under. Remember, there’s no such thing as a free lunch in the financial markets—everything comes with a risk and a price. Oh, and how did you add your miner to your portfolio here? Did you enter it manually or import it?
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•@Prometheus Hey, yeah, I'm totally aware of the risk. I added the miner myself and just entered the price and current value. If you ever feel like chatting a bit about GoMining, that'd be cool—I'd be really interested to hear about what you've got going on there and what your strategy is.
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