GoМining
GOMINING#157GOMINING is the utility token of GoMining, a company that sells NFT miners backed by real Bitcoin mining power.
- Market cap
- $163.67M
- Volume 24h
- $14.46M
- All-time high
- —
- Circulating supply
- 402.94M of 402.94M
Passes our 8 Shariah criteria. Needs caution: interest (riba), business model, and excessive uncertainty (gharar).
- 5 pass
- 3 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold GoМining?8 Shariah criteria
5 pass · 3 caution · 0 failThe token itself pays no interest, but the platform it serves offers interest-like Simple Earn and Instant Funds products.
Riba is interest or any guaranteed increase on a loan. GOMINING pays for maintenance and can be locked as veGOMINING to vote; CryptoUmmah describes the burn-and-mint cycle as tied to mining activity rather than guaranteed returns. But the same platform offers Simple Earn, which CryptoUmmah says works like an interest-bearing deposit account, and Instant Funds, a stablecoin advance with a fee at each 30-day renewal. CryptoUmmah scores riba 55.5/100, so the criterion is at caution.
GOMINING is a utility token for a real Bitcoin mining service.
This criterion asks whether the asset has real value as property (mal). GOMINING pays the maintenance of miners backed by real mining hardware, at a discount, and about 300,000 tokens are used this way each day. CryptoUmmah, the first authoritative source that rates it, calls this a concrete, non-speculative real-world use; its doubts lie elsewhere. The criterion is at the maximum.
The token is not a game of chance, but the platform runs prize games and raffles around it.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. GOMINING is a utility token. But the platform runs Miner Wars, where players compete for Bitcoin and GOMINING prizes, and a referral raffle with 200 miners to win. CryptoUmmah scores maysir 59.5/100. These are platform promotions, not the token itself, so the criterion stays at pass, well below the maximum.
GoMining earns from mining services, but also from interest-like finance products, in an undisclosed share.
This criterion asks how the issuer or ecosystem earns and whether that income is impermissible. The core business, hosting mining power for a maintenance fee, is a permissible service. But Instant Funds charges an origination fee of 1.5 to 2.5% at issuance and at every 30-day renewal on a collateralised advance, which is treated here as interest-like, and Simple Earn pays returns on idle balances. Their share of revenue is not disclosed, so the criterion is at caution.
Holders rely on one company for mining, reporting and minting, audit findings are unresolved and distribution data conflicts.
Gharar is excessive uncertainty or hidden information. The mining power behind the platform is operated and reported by GoMining itself, which also mints new tokens each week. CryptoUmmah reports that all seven findings of the 2024 Cyberscope audit are unresolved and that distribution figures conflict across sources, and scores gharar 58.3/100. CoinMarketCap shows a CertiK rating of 4.4/10. The criterion is at caution.
GOMINING is used mainly to pay miner maintenance and to vote; some uses feed prize games.
This criterion looks at what the asset is actually used for. The main uses, paying maintenance at a discount, upgrading miners and voting, are permissible. The token is also a prize and tool in Miner Wars, a competitive game. The criterion is at pass, just below the maximum.
Fully paid spot GOMINING is available on exchanges and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. GOMINING trades spot with full payment and delivery on venues such as Kraken, KuCoin and Uniswap, and can be held in a self-custody wallet. The criterion is at the maximum.
GoMining gives small users access to Bitcoin mining; no confirmed fraud or hack was found.
Maslahah weighs benefit against harm. GoMining lets users with small budgets take part in Bitcoin mining. CryptoUmmah notes fraud allegations from low-reliability sources with no confirming regulator documents, so they are not counted. No confirmed fraud or hack was found, and the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying GOMINING with full payment and immediate delivery is available on exchanges, and the tokens can be moved to a self-custody wallet. Avoid the platform's Simple Earn and Instant Funds products.
No exchange-traded fund or product holding GOMINING was found in the sources collected. A product that held GOMINING would be judged like spot; its structure would need checking.
GOMINING is used to pay digital miner maintenance at a discount. Paying for this service is acceptable.
GOMINING secures no network. Locking tokens as veGOMINING gives votes; the project's Telegram channel (March 2025) says a reward-split vote sets prize pools funded by 10% of newly minted tokens. Current reward terms were not confirmed on the project site and should be checked before use.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending GOMINING, or taking Instant Funds against a miner with a recurring fee, involves a return on a loan. This is riba.
Simple Earn pays a return on idle balances and works like an interest-bearing account; it and similar yield products fail.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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