Final quiz · GoMining Basics
GoMining Academy quiz answers, explained
The final quiz of the free GoMining Basics course, question by question: the correct answer, why it is correct, and the number behind it that the quiz doesn't show you.
This is a study guide, not a cheat sheet. Each question below comes with its answer in a full sentence and a short explanation with a worked example, so you can pass the quiz and also understand what you are clicking. If you are new, do the course itself: it's free and short, and the answers make more sense after the lessons.
How the quiz works
- Where: it is the final quiz of the GoMining Basics course on academy.gomining.com, after ten short lessons.
- The rules, as the quiz window showed them on 8 October 2026: 10 questions, at least 7 correct to pass, no time limit and no limit on attempts.
- The pool may rotate. When this guide was written the quiz showed 9 questions, not 10, so you may get one that isn't covered here.
- The bonus miner. The course page offers to "activate your bonus miner" and earn rewards by completing lessons. That's all it says, so check the conditions inside the course.
Miners and the Marketplace
A digital miner represents
A digital miner represents a share of real computing power in professional data centers.
Nothing gets shipped to you. You own a slice of hashrate that GoMining runs in its data centers (there is a tour of one in Texas), described by two numbers: TH, how much hashrate, and W/TH, how much electricity each TH burns. TH decide how much bitcoin you mine; W/TH decide how much you pay for it. The W/TH tiers article explains why the second number matters more than it looks.
What makes digital miners a liquid asset?
Digital miners are liquid because you can sell them peer-to-peer on the GoMining Marketplace.
Users list miners and other users buy them, paying in GOMINING tokens (official docs). Liquid doesn't mean you get your money back: the seller sets the price, and it swings. In July 2026 one 15 W/TH miner was listed at $8.34 per TH, while upgrading your own miner to 15 W/TH cost $10.43 per TH. When bitcoin falls, so does what the next buyer will pay.
Profitability
Which variable does NOT directly impact mining profitability?
Wallet type does not directly impact mining profitability.
Where you keep your bitcoin after the payout doesn't change how much you mine. What does: hashrate, W/TH, the electricity price ($0.05 to $0.07 per kWh depending on the data center), the bitcoin price, network difficulty and your maintenance discounts. On 8 October 2026, with bitcoin at $82,638, 100 TH netted about $1.26 a day at 12 W/TH and about $0.90 at 15 W/TH: same hashrate, different power bill. The calculator runs those numbers with your own setup.
Buying more THs at once typically leads to:
Buying more TH at once typically leads to a lower price per TH and a higher ROI.
In the GoMining app on 8 October 2026, new 12 W/TH miners cost about $19.00 per TH at the smallest size and drop to about $17.25 per TH at 5,000 TH (shown in euros for EU accounts, €16.96 to €15.40, converted at ≈1.12 $/€). Each TH earns the same whatever you paid for it, so a cheaper TH pays back sooner. With the net from 8 October 2026 ($1.26 a day per 100 TH, no discounts), simple payback is about 50 months at $19.00 per TH and about 45 months at $17.25.
The catch: a better price only improves ROI all else being equal. Bitcoin's price, difficulty and W/TH move the result far more. At $60,000 bitcoin, the same miner takes about 209 months to pay back even at the cheapest price. GoMining with bitcoin above $80,000 has the full table.
Miner Wars (Game Mode)
What determines the start and end of each Miner Wars round?
Each Miner Wars round starts and ends with the closure of a real Bitcoin block.
When a new block is confirmed on the Bitcoin network, the round ends and the next one starts straight away (game mechanics). Blocks arrive every ten minutes on average, so rounds don't have a fixed length: one can last a minute and the next half an hour. Don't confuse rounds with the weekly cycle, which closes every Tuesday at 00:00 UTC, when rewards are credited.
What is the fixed Base Energy Efficiency constant in Game Mode?
The fixed Base Energy Efficiency constant in Game Mode is 20 W/TH.
Your points per second in Miner Wars are your TH multiplied by the base efficiency divided by your miner's efficiency: PPS = TH × (20 ÷ your W/TH). So 100 TH at 12 W/TH score about 166.7 PPS, and the same 100 TH at 28 W/TH score about 71.4. Efficiency counts in the game just as it does in your maintenance bill.
Watch out for old guides: the constant was 28 W/TH until the Miner Wars update "0920", whose notes say base efficiency went from 28 to 20 W/TH and base PPS dropped for everyone proportionally. Every player's PPS was multiplied by 20/28, about 0.71, so rankings didn't change, only the absolute numbers. If a video says 28, it's out of date.
The token and veGOMINING
The GOMINING token is primarily classified as:
The GOMINING token is primarily classified as a utility token.
It is used inside the ecosystem: to pay maintenance, to play Miner Wars and to lock as veGOMINING for voting (official docs). Holding a balance also unlocks a maintenance discount of up to 20%, explained in the token and VIP article. "Utility" describes what the token does, not what it's worth: its price can fall like any other token's.
The formula for calculating veGOMINING votes is:
veGOMINING votes = Locked Tokens × (Time Left ÷ 4 years).
You can lock GOMINING for anything from 1 week to 4 years, and your votes shrink every week until they reach zero when the lock ends (veGOMINING and locks). For example, 1,000 GOMINING locked for the full 4 years start with 1,000 votes. With 2 years left they carry 500, with 1 year left 250, and with one week left about 4.8. That's less than 20 tokens freshly locked for a year (20 × ¼ = 5).
Votes matter because 20% of the tokens minted each week go to veGOMINING holders, shared by votes.
What two weekly governance topics do veGOMINING holders vote on?
veGOMINING holders vote each week on the distribution of the 10% rewards and on the Burn & Mint mechanism.
Each Tuesday-to-Tuesday cycle, the tokens paid for maintenance are burned and new ones are minted: 65% go to hashpower providers, 20% to veGOMINING holders, 10% to GOMINING rewards and 5% to the team (Burn & Mint cycles). Holders vote on whether Burn & Mint runs that week, and on how that 10% is split between an extra maintenance discount in Mining mode, the Miner Wars prize fund and TH upgrades for The Greedy Machines collection.
What the quiz doesn't tell you
The course explains how the platform works. It doesn't show what a miner costs you every day, and that's what decides whether it pays:
- Maintenance is a daily bill in dollars: electricity plus a service fee of $0.0089 per TH per day. For 100 TH at 12 W/TH it is about $2.33 a day, whatever bitcoin does. The maintenance fee, explained.
- Every setup has a bitcoin price below which it loses money. On 8 October 2026 it was around $53,600 for a 12 W/TH miner with no discounts, and higher for worse W/TH.
- The 2028 halving cuts the reward in half and leaves the bill where it is. What it does to each tier.
Before buying anything, plug your own TH, W/TH and discounts into the calculator. And if you're starting from zero, how to start with GoMining walks through the steps in order.
Doing the course? Set up the account with the code first
The Academy and its bonus miner live in a GoMining account, and a referral code can only be applied to a new account before its first miner purchase. With the code 11jY4 you get +5% extra hashrate on your first miner purchase, up to a maximum of 25 TH, and a free month of VIP Platinum+, one of the maintenance discounts.
The code does not travel on its own, and this is what goes wrong. If you tap through on a phone, the link drops you on the app download page, and no part of the address survives that jump. You install, you sign up… and the referral was never applied, with nothing to warn you. Paste it in by hand before you buy your first miner. Afterwards it can no longer be applied.
Screenshots of each step are on the referral code page. This site is not affiliated with GoMining or GoMining Academy and does not give financial advice: the figures above are estimates based on assumptions you can change, and they can be negative.
How to start with GoMining: account, first miner, discounts and first payout, in order.