The secondary market in brief
On GoMining, you can create a new Digital Miner or buy one listed by another user. This secondary market often gets you cheaper hashrate, as long as you know how to read listings. Prices are set in GOMINING tokens and change constantly.
4 criteria to assess a listing
1. Price per TH
This is the first criterion: price divided by hashrate. It lets you compare miners of different sizes. For the same budget, a lower price per TH gives you more hashrate, and so more rewards.
2. Efficiency (W/TH)
Two miners at the same price per TH aren’t equal if one uses much more power: its electricity fees will eat into your rewards every day. The weight of maintenance fees
3. The cost of an upgrade
A cheap but inefficient miner can become attractive if upgrading its efficiency costs little. Conversely, a “cheap” miner can end up costing more than an already efficient one once the upgrade is paid for.
4. Floor price and rarity
Sorting by lowest price gives you the floor price: the minimum to enter the market right now. Rarity and collection affect resale value, not rewards: don’t overpay for it if your goal is mining.
When to buy?
- When a listing drops below your target price per TH, with acceptable efficiency.
- When a seller in a hurry lists a miner well below the floor: these listings go within minutes.
- When the profitability calculation confirms it with your own discount and the current Bitcoin price. The profitability calculator
The ROI shown is only a snapshot. It depends on the Bitcoin price, network difficulty and the day’s fees. Use it to compare listings, not as a promise.
The GreedyHQ purchase assistant
On the market you have to decide fast. The GreedyHQ purchase assistant lets you prepare your decisions in advance, based on your own criteria:
- best efficiency level based on cost versus profitability;
- upgrade simulator for hashrate and W/TH, to know what a miner costs once optimised;
- custom buy triggers: for a given collection, rarity, hashrate and efficiency, GreedyHQ calculates your target price (reference price minus your discount, or minimum price per TH). Faced with a listing, you know at once whether it is worth it;
- market indicators and live prices.
Once the miner is bought, record it in GreedyHQ to track its cost and profitability. Tracking your portfolio
Frequently asked questions
Is the GoMining secondary market cheaper than new miners?
Often, but not always. Compare a listing’s price per TH and efficiency with the cost of a new miner with similar specs.
Should I buy a rare miner?
Only if you are aiming for resale or collecting. Rarity does not increase mining rewards.
How do I know if a listing is a good deal?
With GreedyHQ buy triggers: you set your criteria and discount, and the tool calculates the target price to compare with market listings.
Can I resell a second-hand miner?
Yes, a Digital Miner can be listed again on the secondary market. The price depends on demand at the time of resale.
Sign up on GoMining with our link (code tNIdY): GoMining gives you +5% hashrate on your first purchase, and your GreedyHQ access becomes free and unlimited.
GreedyHQ is an independent tool: it is not affiliated with, sponsored by or run by GoMining. Estimates are indicative and are not investment advice.