12 October, 2021 BitFuFu Revenue + Contracts Profitability Analysis
12 October, 2021 BTC Revenue:
0.00000646 (0% Pool Fee, Antpool Data)
PPS mining earning: 0.00000632
Transaction reward: 0.00000014
0.00000620 (f2Pool, 4% fee)
0.00000620 (Antpool, 4% fee)
0.00000621 (Poolin, 4% fee)
Best BTC Settings:
Antpool + BitFuFu Account
BTC Network Hashrate
Bitcoin Difficulty Estimation
Values and changes since last analysis:
6 October: trend of +6.61%, 229 / 207 expected, 22 blocks ahead
12 October: trend of +0.13%, 1060 / 1059 expected, 1 block ahead
We are now at 50% of the Network Difficulty time slice. Although at the moment the expected change is near zero, there is still the danger of a sharp increase in the hash rate and an increase in the new Difficulty. But we can hardly expect a change of more than 4% in this period.
Fast BTC Profitability Analysis
BTC/USD Rate Notice For my calculations of the profitability of contracts, the Binance rate is taken, since we compare the purchase of a contact for mining BTC with a one-time purchase of BTC on the exchange for fiat money. In the case of reinvestment of our BTC (when we buy a contact for BTC mining, paying for it with our BTC from the balance), the exchange will be calculated at the internal rate of BitFuFu. Recently, it is about $ 500 less than the Binance rate. Consider this, please, yourself.
Pessimistic Scenario for 180+ days mining Plans
In June 2021, I replaced the forecast for the periodic growth of the Bitcoin Network Difficulty in the Pessimistic scenario (3% replaced by 5%), Realistic scenario (2% replaced by 3.5%) and Optimistic scenario (1% replaced by 2%). All these replacements were due to the fact that by the end of 2021 we will be dealing with the restoration of the network hash rate after the events of May 2021, when Chinese miners had to leave China and look for new locations for their mining farms. These rates will be faster than the organic growth that I analyzed prior to the events of May 2021. Therefore, it makes no sense to consider 180+ daily contacts with a 6% increase in network difficulty over a long period of time.
As we can see, the BTC rate has increased significantly this week, reaching the level of $ 57,500. In addition, the next change in Network Difficulty is not going to be very big. All this led to the fact that the prices of the BitFuFu contracts were raised.
At the moment, taking into account different scenarios of the growth of the Difficulty of the network over time, the purchase of contracts will show either a weak plus or a near-zero result.
90-day contracts are currently not on sale, the minimum term is 120-day Classic contracts without profit sharing.
12 October, 2021 ETH Revenue:
0.00018846 (Antpool, 1.5% fee, per 10 MH/s)
PPS mining earning: 0.00017596
Transaction reward: 0.00001250
Network Difficulty: 9673174479837618
Best ETH Settings:
Antpool + BitFuFu Account