23 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
23 September, 2021 BTC Revenue:
0.00000673 (0% Pool Fee, Antpool Data)
PPS mining earning: 0.00000662
Transaction reward: 0.00000011
0.00000646 (f2Pool, 4% fee)
0.00000646 (Antpool, 4% fee)
0.00000644 (Poolin, 4% fee)
Best BTC Settings:
Antpool + BitFuFu Account
BTC Network Hashrate
Bitcoin Difficulty Estimation
Values and changes since last analysis:
Yesterday: trend of -8.40%, 97 / 117 expected, 19 blocks behind
Today: trend of -1.8%, 265 / 275 expected, 10 blocks behind
Since we are now at the beginning of the 14-day Network Difficulty period, it is too early to say what the changes will be. But I would expect the Network Difficulty to grow by 3-6%, since we are still far from recovering to the values that were before the introduction of restrictions on mining in China.
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, 90 and 120 days plans 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.
It is important to take into account that the Difficulty of the Bitcoin Network changed on September 21, and the daily charges from each 1 TH/s fell by an average of 3.16%. In addition, the bitcoin rate fell from $ 48,000 to $ 42,000, which required changes in the prices of the purchased contracts.
On September 22, BitFuFu adjusted contract prices to a rate of 42,000 per 1 BTC. Now you can wait for a sharp jump in the BTC rate to buy before prices increase. In addition, you need to monitor how the block mining speed will fluctuate in the just begun period of network difficulty.
23 September, 2021 ETH Revenue:
0.00019677 (Antpool, 1.5% fee, per 10 MH/s)
PPS mining earning: 0.00018904
Transaction reward: 0.00000774
Network Difficulty: 9003882781619982
Best ETH Settings:
Antpool + BitFuFu Account