u/vectorsquad

So I know everybody's aware that rewards have been going down. Does anybody know what's causing this? Does votes on keeping or burning GMT (Tokenomics) have anything to do with this?

My daily rewards at 505TH (GMT Reinvestment) has dropped from 19 GMT down to 9 GMT a day.

I'm in it for the long haul unless it crashes down to 1 GMT, I'll be out on the marketplace with my miners 😂

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I'm a bit reluctant to invest big as I don't know I would report tax in the UK for this but I'm at 460TH atm and aiming to reach 1000TH and then stop from there.

I reinvest my rewards straight to GMT or TH but I know it counts as taxable income but I'm worried I'll owe tax even though I don't have the crypto/fiat physically with me as they are reinvested to the app automatically.

Do I have to report total rewards to HMRC even though I don't have any crypto in my wallet? Do I have to pay the tax equivalent for that or only when I'm transferring my earnings out of GoMining to my personal wallet / bank?

Any idea what information we need from the app? Do we need the daily information from the app or only when we're sending crypto from GoMining to our wallet and withdrawing it?

Any guides or tips would be helpful

I've been building my miners and have set reinvestment to GMT since I started last month. Currently at 457TH.

I'm just confuzzled that whenever I upgrade my miners, the maintenance discount also drops. I had it to like 100 days at the start (both locked and liquid) but has now dropped to around 40 days.

Do you guys have any particular strategy on gettinf the discount up without having to deposit GMT into your wallet?

Thanks

B