18 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
18 September, 2021 BTC Revenue:
0.00000694 (0% Pool Fee, Antpool Data) PPS mining earning: 0.00000683 Transaction reward: 0.00000011
0.00000667 (f2Pool, 4% fee) 0.00000666 (Antpool, 4% fee) 0.00000664 (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 +2.03%, 28.53 blocks ahead the schedule.
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.
It seems to me that the situation is stable, since already 3 times in the last month there was a similar case - a sharp increase for 1-2 days, and then stability, but slightly above the average line. I still think that such jumps will be periodic.
I have information that not all Chinese mining farms have finished their work. Some miners decided to work until they are caught and forced to shut down. Thus, new farms are opening in Kazakhstan, Russia, India, the US and Europe, and old farms are still closing in China, balancing growth.
Fast BTC Profitability Analysis
120-days Mining Plan with 5% off Discount
Thus, this plan is the best choice to buy now, as the only one in 4% Realistic 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 120-day plan with 5% discount will be the best choice for now.
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18 September, 2021 ETH Revenue:
0.00020049 (Antpool,1.5% fee, per 10 MH/s) PPS mining earning:0.00018916 Transaction reward:0.00001133 Network Difficulty: 8998038139885352
Best ETH Settings:
Antpool + BitFuFu Account