16 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
16 September, 2021 BTC Revenue:
0.00000695 (0% Pool Fee, Antpool Data) PPS mining earning: 0.00000683 Transaction reward: 0.00000012
0.00000668 (f2Pool, 4% fee) 0.00000667 (Antpool, 4% fee) 0.00000668 (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 +1.98%, 23.13 blocks ahead 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...
I published this phrase for several days, when the estimation of the change in the Network Difficulty was near zero. Now it is coming true.
At the moment, although the situation stabilized in the second half of September 14, and on September 15, the hash rate returned to the average line, there is still a danger of a sharp rise.
Fast BTC Profitability Analysis
90-days min 500 TH/s Mining Plan with 5% off
Thus, this plan is the best choice to buy now, as the only one in 6% Pessimistic Network Difficulty growth scenario will have a small profitability.
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.
We received a push up to 175 EH/s at 14th of September, the difficulty growth estimate increased by 2.5% during the day. The situation has now stabilized, but the danger of an unpredictable surge in Network Difficulty remains.
The 90-day plan with 5% discount will be the best choice for those who are now sitting on big money.
I would advise you not to spend more than 33% of your accumulated BTC to buy a plan with these parameters, or 67% of your accumulated fiat.
Buying this plan with fiat is more interesting as I expect BTC to grow by the end of the year.
16 September, 2021 ETH Revenue:
0.00020377 (Antpool,1.5% fee, per 10 MH/s) PPS mining earning:0.00019349 Transaction reward:0.00001028 Network Difficulty: 8796712842408275
Best ETH Settings:
Antpool + BitFuFu Account