25 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
25 September, 2021 BTC Revenue:
0.00000673 (0% Pool Fee, Antpool Data)
PPS mining earning: 0.00000662
Transaction reward: 0.00000011
0.00000647 (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:
22 September: trend of -1.80%, 265 / 275 expected, 10 blocks behind
25 September: trend of +2.20%, 557 /543 expected, 14 blocks ahead
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.
Fast BTC Profitability Analysis
120-days Mining Plan with 5% off Discount
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.
I look forward to seeing BitFuFu adjust the price to the current BTC rate and the Network Difficulty trend.
25 September, 2021 ETH Revenue:
0.00019762 (Antpool, 1.5% fee, per 10 MH/s)
PPS mining earning: 0.00018563
Transaction reward: 0.00001199
Network Difficulty: 9169143123007268
Best ETH Settings:
Antpool + BitFuFu Account