7 August, 2021 BitFuFu Revenue + Contracts Profitability Analysis
7 August, 2021 BTC Revenue: (after Retarget)
0.00000880 (0% Pool Fee) PPS mining earning: 0.00000867 Transaction reward: 0.00000009
0.00000840 (f2Pool, 4% fee) 0.00000841 (Antpool, 4% fee) 0.00000840 (Poolin, 4% fee)
Best BTC Settings:
Antpool (due to 0.00005400 Remaining Output after Plan Ends) Wallet settings are no longer important, the main thing is not to forget to take care of the balance to write off electricity bills.
BTC Network Hashrate
Date of writing the paragraph: 1 of August, 2021 The network's average hash rate is above 100 EH/s. The network difficulty was adjusted to an average hash rate of 103.72 EH/s. I can assume that most likely the next adjustment of the difficulty will take place to around 108-113 EH/s, and the increase in the difficulty of the network will be 4-9%. We'll find out if I'm right in two weeks.
(At the moment, we can say that my assumptions are correct)
I am closely following the news about the relocation of large miners in China in order to understand at what pace the mining hashpower will be restored.
7 August, 2021 Bitcoin Difficulty Estimation:
Next Diffuculty Change shows a +6.2% trend.
Fast BTC Profitability Analysis
Our April purchases, and especially purchases at the end of May for 60 days, bring about 50% of the profit. When I now look at 3% indicators in a pessimistic period of 3 months - I don't want to invest a lot of money in such a mining contract. Even if you use coupons, it will increase ROI by about 2%.
All the same, a very weak investment will turn out. I think that soon we can expect the resumption of sales of 60-day contracts, as well as a decrease in prices for existing contracts.
Remember! It is important!
Cloud mining is not a place to go, click a button, and get rich. More often than not, it's like fishing - you sit and wait. No bite. No bite. Some small fish is biting, but you don't pull. And an unexpectedly big fish! And you pull out your trophy!
The same is with mining, especially on sites where there is no credit card purchase. When there is an opportunity to buy contracts for a credit card, it is clear that there you can take contracts and at -10% at a loss, because approximately this amount will go to you to transfer fiat to any digital currency - the exchange, exchangers, everyone takes their commissions ...
But when it comes to investing in Cloud Mining, you need to understand whether you will have more BTC when you spend your BTC or other digital Currency for a purchase (because you can exchange it for BTC).
I think a lot of newbies will not like what I said. Well, go ahead and hit the "Miracle-Buttons" on Scam Sites and come back to listen to my advice when you lose your money.
7 August, 2021 ETH Revenue:
0.00024659(Antpool,1.5% fee, per 10MH/s) PPS mining earning:0.00022897 Transaction reward:0.00001762 Network Difficulty:7433616337525103
Best ETH Settings:
Antpool + Cobo Wallet (internal BitFuFu balance)