Virtual mining
Explore virtual miners, manage your devices and claim PGC rewards directly from the live Polygon mining contract. This is the existing mining programme; Panda Chain gold services are being developed separately.
- PGC price
- —
- POL price
- —
- Miners in operation
- —
- PGC in mining contract
- —
Finish your contract migration
Your miners from the previous mining contract were sold in phase 1 of the June 2025 migration and the POL was sent to your wallet. Use it now to reclaim your miners and PGC hold amount on the new contract.
Your locked PGC
Half of every claim is locked for one year from the claim date. Unlocked amounts can be claimed here.
- Still locked
- —
- Unlocked, ready to claim
- —
FAQs
How Phoenix virtual mining works.
What is virtual mining in the Phoenix Gold Network?
Virtual mining involves purchasing a virtual mining device that generates Phoenix Gold Coins (PGC) daily. It lets participants contribute to the network's liquidity and growth without physical mining hardware.
How does purchasing a virtual mining device work?
When you purchase a virtual mining device, 90% of the payment (made in POL) is allocated to a liquidity pool within the mining smart contract. That pool funds instant sell-backs at the current bonding-curve price, read from the contract at the moment you sell.
What happens to the price of virtual mining devices over time?
The price is set by a bonding curve in the smart contract: the more devices in operation, the higher the price of the next one. This encourages early participation and rewards miners for their contribution.
Are there any fees for buying or selling devices?
There is a 10% fee for buying or selling virtual mining devices. Half of it is used to enhance PGC liquidity on DeFi exchanges.
How can I claim the PGC mined by my virtual device?
Mined PGC can be claimed every 24 hours directly from the smart contract. Under the current contract settings, half of each claim goes straight to your wallet and half is locked for a year. The exact amounts for every claim are read from the contract and shown in the claim confirmation.
What happens if I don't claim my mined PGC daily?
Mined PGC keeps accumulating, but with a one-day penalty for each day you delay. For example, if you claim after 2 days, you receive PGC equivalent to 1 day of mining.
Which wallet do I need?
Any browser wallet that supports Polygon — MetaMask, Rabby, Coinbase Wallet, Trust Wallet and others. On a phone, open this page inside your wallet app's built-in browser. You pay for miners and gas in POL.
What happens to my miners when PGN moves to Panda Chain?
The network plans to launch on Panda Chain in January 2027. Miners, PGC balances and locked rewards carry across one-for-one under a published migration plan, with a certified supply reconciliation before the move. The June 2025 contract migration — whose claim flow still runs on this page — preserved every holder's miners and hold amounts the same way.