9 September, 2021 BitFuFu Revenue + Contracts Profitability Analysis
9 September, 2021 BTC Revenue: (after retarget)
0.00000694 (0% Pool Fee) PPS mining earning: 0.00000683 Transaction reward: 0.00000011
0.00000666 (f2Pool, 4% fee) 0.00000666 (Antpool, 4% fee) 0.00000665 (Poolin, 4% fee)
Best BTC Settings:
Antpool + BitFuFu Account
BTC Network Hashrate
Bitcoin Difficulty Estimation
The new 14-day period of Network Difficulty has just begun and now we are only 5.64 block ahead of schedule. The coming days will show us the benchmark for the next change.
So far, it's too early to talk about any trend, but I would assume a +4-7% change in network difficulty - in the period from 5 to 7 September, the hash rate fluctuated in the average of 140 EH/s.
This mark seems to me quite achievable in the next 14 days.
Fast BTC Profitability Analysis
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 considered at the internal rate of BitFuFu. Recently, it is about $ 500 less than the Binance rate. Consider this, please, yourself.
At 6-7 September, as the Bitcoin rate increased to $51,500, BitFuFu raised the prices for contacts, and even for a 60-days promotion, which previously cost $ 0.2096 T/D, and now the price is set at $ 0.2379 T/D.
Considering the recent 4.54% increase in network difficulty and the Bitcoin price plummeting to $ 47,000 BitFuFu will adjust prices tomorrow, at 10th September.
I had to rework the calculator a lot in order to get it to calculate the profitability of the Accelerated Plans correctly.
As always counts 100% prepaid electricity and service charge days.
If the break-even point has not been reached, it calculates 100% of the loss
If the break-even point has been passed, it calculates 60% of the profit from the entire profitability of the contact. From profitability, not from gross mining.
I would not strongly assess the profitability or loss-making of the Accelerated Plans now. We are now making decisions in volatile times and in the face of rapidly growing Network Difficulty.
You should not look at the 6% pessimistic period for long-term contracts - it will not last either 360 days or 720. In 3-4 months we will forecast a yield with a pessimistic scenario of 3%, as it was before May 2021.
Accelerated plans are good for those cases when you want to protect yourself from losses and guarantee yourself a profit.
This is what I will definitely use.
But together with the long terms of contracts: 360, 540, 720 days, all the benefits of the Accelerated Plans disappear. Hopefully the Accelerated Plans in the future will be available for 120 and 180 days contracts, where the "All-in" purchase can be made.
A separate article on the Accelerated Plans will be released shortly. We will:
analyze the impact of the BTC rate on the payback period
understand why the Accelerated Plan is a risk hedging option
understand when it is worth making a purchase of the Accelerated Plans.
9 September, 2021 ETH Revenue:
0.00023926 (Antpool,1.5% fee, per 10 MH/s) PPS mining earning:0.00019900 Transaction reward:0.00004026 Network Difficulty: 8553369473003484
Best ETH Settings:
Antpool + BitFuFu Account