12 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
12 September, 2021 BTC Revenue:
0.00000690 (0% Pool Fee, Antpool Data) PPS mining earning: 0.00000683 Transaction reward: 0.00000007
0.00000663 (f2Pool, 4% fee) 0.00000662 (Antpool, 4% fee) 0.00000661 (Poolin, 4% fee)
Best BTC Settings:
Antpool + BitFuFu Account
BTC Network Hashrate
Bitcoin Difficulty Estimation
At the moment, the Network Difficulty shows a trend of -1.05%, 11.27 blocks behind the schedule, but I would still assume a +2-4% change in network difficulty in a pessimistic scenario, due to the fact that from September 5 to September 8, the hashrate fluctuated at the average level of 143 EH/s.
This mark seems to me quite achievable in current Network Difficulty 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 6%), Realistic scenario (2% replaced by 4%) 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.
On September 10, prices for Classic Contracts were adjusted to the $ 46,000 rate.
At the moment, purchases will be profitable in the Optimistic scenario and near-zero in the Realistic scenario.
I would not strongly assess the profitability or loss-making of the Accelerated Plans now. We are now making decisions in volatile times and in the face of rapidly growing Network Difficulty.
In 3-4 months we will forecast a yield with a pessimistic scenario of 3%, as it was before May 2021.
Accelerated plans are good for those cases when you want to protect yourself from losses and guarantee yourself a profit.
This is what I will definitely use.
But together with the long terms of contracts: 360, 540, 720 days, all the benefits of the Accelerated Plans disappear. Hopefully the Accelerated Plans in the future will be available for 120 and 180 days contracts, where the "All-in" purchase can be made.
12 September, 2021 ETH Revenue:
0.00020226 (Antpool,1.5% fee, per 10 MH/s) PPS mining earning:0.00018990 Transaction reward:0.00001236 Network Difficulty: 8963174159888134
Best ETH Settings:
Antpool + BitFuFu Account