What is Simple Earn?

Overview

Simple Earn is a feature that lets you earn interest on the assets you have in your GoMining wallet.  

It is built directly into the wallet, so it matches the way you already use your assets. All you need to do is turn it on once in your wallet, and supported assets begin earning in the background.

As a result, the supported crypto assets in your wallet can generate yield that’s paid in Bitcoin — not in the asset itself — with rewards added every 4 hours. Your assets remain fully accessible, while Bitcoin earnings are credited automatically on a regular schedule. 

It’s important to note that the availability of the Simple Earn feature for certain assets depends on your country of residence. 

How Does Simple Earn Work? 

Behind the scenes, GoMining handles the hard work —  selecting low-risk earning mechanisms, managing integrations, and running everything for you. You don’t need to choose strategies or interact with external systems. 

We handle the process; you enjoy your BTC rewards.

Once you turn it on, your balance starts generating rewards automatically without locking your funds. You can turn it off whenever you want and withdraw assets even while they are earning. There are no lockups and no fixed terms.

Assets are accrued on the lowest balance during the cycle. For more details, please read the section below.

How Do We Do It?

We generate Simple Earn rewards by deploying client assets into carefully selected, low-risk yield strategies across established on-chain money markets and staking infrastructure — for example, protocols such as Aave, Morpho, and other reputable venues with deep liquidity and battle-tested risk frameworks.

Our approach prioritizes capital preservation and liquidity: we diversify across strategies and counterparties, apply conservative risk limits, and continuously monitor market conditions (rates, liquidity, and protocol health) to adjust allocations when needed.

How Do I Get Started? 

In the Wallet section of the app, you’ll see a Simple Earn toggle. Switch it on once, and Simple Earn is active.

There’s nothing to claim, reinvest, or move manually. Any income generated is credited directly to your wallet in Bitcoin, with your balance updating automatically every 4 hours as earnings are added. 

Who Is Eligible For This Feature?

Simple Earn may not be available in certain jurisdictions, e.g., the United States. 

We are working hard to add this feature to all our users across the globe. 

What Yield Multiplier Will I Have?

Here at GoMining, we value loyalty. That’s why, for our users with Bronze II VIP level and above, we added special Simple Earn perks: your yield multiplier depends on your VIP level.

The higher your VIP level, the higher the yield coefficient applied to your earnings. 

This way, Simple Earn rewards long-term participation in the GoMining ecosystem: the bigger your engagement with GoMining, the bigger your rewards.

Yield coefficients vary by VIP level and asset, and may change over time.

In the table below, you can see the yield coefficients available at the launch of the feature: 

How To Launch Simple Earn Step-By-Step?

To launch Simple Earn in your account:

1. Open Wallet tab

1. Turn on the Simple Earn toggle

3. Accept the Simple Earn User Agreement

4. Depending on the country of residence, some users might be asked to pass KYC, if a user hasn’t completed it yet. 

Which Funds Earn Rewards?

You can earn rewards on certain cryptocurrencies that are supported by our platform. 

• For Non-EEA users: BTC, ETH, SOL, BNB, TON, USDT, USDC
• For our EEA users:  BTC, ETH, SOL, BNB, TON, and USDC are available.

The specific cryptocurrencies available for earning rewards depend on your region and may change due to local regulations.

Is Simple Earn Automatic?

Yes, once enabled, it runs in the background. 

Starting from 00:00 UTC, every 4 hours, the system calculates and credits income to the accounts of users who have enabled Simple Earn.

What is APR?

APR (Annual Percentage Rate) shows how much you can earn from an asset over a year, based on current conditions.

APR is used to calculate your Simple Earn rewards.

Why Does APR Change?

APR depends on multiple factors, including:

• Market conditions
• Available liquidity
• Your VIP level

That’s why APR values may increase or decrease over time.

Why Does Each Asset Have A Different APR?

Each asset has its own APR because it behaves differently in the Simple Earn system.

For example:

• Stablecoins and volatile assets have different demand
• Liquidity conditions vary per asset
• Market activity affects rates independently

As a result, APR is calculated separately for each asset.

What APR Values Can I See?

You can check the APRs for all assets participating in Simple Earn, taking into account your current VIP level yield multiplier

Your actual APR depends on your current VIP level. 

How Are Rewards Calculated?

Rewards are calculated based on:

• The minimum balance held during each full 4-hour cycle
• The current APR for each asset
• Your VIP Simple Earn multiplier

If your balance decreases due to your withdrawal, buy, or any other user operations, rewards are calculated using the lowest amount held.

How Are Rewards Credited?

• Rewards are calculated for every full 4-hour cycle you’ve participated in
• Rewards are paid directly to your GoMining wallet in BTC
• BTC rewards are added automatically, even if you didn’t hold BTC before

Where Can I See My Earnings?

In the Simple Earn screen, you can track:

• Current APR
• Total BTC rewards earned
• Earning amounts per asset

All information updates automatically.

Can I Withdraw My Funds?

Yes, anytime. Your money is not locked.

You can withdraw your assets whenever you want, even while Simple Earn is active.

How Do I Disable Simple Earn?

To disable Simple Earn:

• Open the Wallet tab.
• Select the Simple Earn badge.
• Scroll down to the bottom of the page.
• Click the Disable Simple Earn button.

Once you complete these steps, Simple Earn will be disabled right away.

After disabling Simple Earn

• You will not earn rewards for the current 4-hour period.
• Your funds will remain fully accessible and usable.
• You can reactivate Simple Earn whenever you wish.

What If I Add Funds To My Assets? 

To answer this question, let’s look at these scenarios: 

• John enabled Simple Earn at 12:27 UTC, and the next reward distribution cycle is at 16:00. At 16:00 UTC, John does not receive a reward because his funds only begin working at that moment, at the start of the cycle.
• At 20:00, John receives a reward for the lowest available funds that were recorded in his account from 16:00 to 20:00 UTC and were not withdrawn.
• At 22:39, John decides to deposit additional funds into his wallet with Simple Earn enabled.
• At 24:00, the system credits John with a reward for the lowest available funds that were recorded in his account at 20:00 and were not withdrawn, but the additional deposit has not yet been taken into account.
• Starting from 24:00, the additional deposit John made at 23:58 UTC is also taken into account.

What Are The Risks? 

We take security and reliability seriously.

Our team continuously monitors infrastructure and works only with carefully selected, trusted pools, partners, and service providers to help ensure stable and secure operations. At the same time, products built on digital assets and blockchain technologies naturally involve certain risks that cannot be completely eliminated.

We believe in being open about these factors so you can make informed decisions with confidence.

We broke these factors into two categories of risk.

Technical considerations

• Third-party infrastructure: External providers and integrated protocols may occasionally experience security incidents or service disruptions that could affect funds or availability.
• GoMining platform security: While we apply robust protection measures and ongoing monitoring, no digital system can be guaranteed to be entirely risk-free.
• Network events: Blockchain networks may undergo outages, attacks, or regulatory changes that could temporarily or permanently impact operations.
• Protocol or vault availability: Some yield-generating vaults or strategies may become unavailable or cease operating. In rare cases, technical flaws in third-party code could lead to loss of assets.
• Staking mechanics: Exceptional failures in staking infrastructure or consensus mechanisms could affect access to or value of staked funds.

Financial considerations

• Allocation and market dynamics. Certain strategies may involve higher levels of risk. To help manage this, we diversify allocations across multiple instruments, including mid- and lower-risk options, though losses cannot be fully ruled out.

For more details, please refer to the Simple Earn FAQ page.