站外GIF.gif
  • CloudMiningInfo

BitFuFu: Review and Detailed Mining Plans Analysis (September 2021)

Updated: Sep 12

In this article, I will analyze the profitability of cloud mining contracts of the Chinese company BitFuFu, which is a in-depth partner of BitMain.


Since Feb. 22, 2021 BitFuFu, the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry. The partnership is expected to collaborate to foster innovation in crypto mining. Bitmain will be supporting the BitFuFu platform with its mining resources, including machines, pools, and farms.


With such close ties with BitMain Corporation, I can conclude that:

Cloud mining in BitFuFu is a legal, safe way to start mining cryptocurrency without fear that your money will be lost or the company will close, taking your investments for itself.

On April 7, the news came out that Mining Giant Bitmain Invests in Crypto Mining Platform BitFuFu, and today investments in BitFuFu can be considered reliable and safe for us.


Don't miss the promotion for New Users for September 2021 from BitFuFu:

Free 10 TH/s for 2 days, Plan 50% off and $20 Coupon


Interface and differences from BitDeer

In general, the BitFuFu interface is very similar to the BitDeer, which I wrote about earlier. They similarly present methods for calculating the profitability of contracts, using the phrase "Static revenue rate", which does not take into account the change in the difficulty of the mining network during the duration of the contracts.


Difference between 30 J/T, 40 J/T and 50 J/T contracts

On the page with prices, you can see that contracts of the same duration cost differently, but at the same time have almost the same "Static revenue rate" value.

Let's figure out what it is and what type of mining will be more profitable for us.

30 J/T miners

This series uses flagship 7nm miners (Antminer S19 Pro, S19, and Whatsminer M30S++) for smart allocation. Also, the power consumption of this product is kept at 30J/T through technical measures.

Electricity fee: 0.0499 USD/TH/Day


40 J/T miners

This series uses mainstream 7nm miners (Antminer S17 Pro, S17, Whatsminer M30S++, and Avalon A1166) for smart allocation. Also, the power consumption of this product is kept at 40J/T through technical measures.

Electricity fee: 0.0616 USD/TH/Day


50 J/T miners

This series uses the most widely used and maturely designed miners on the market (Antminer T17 Series, a small number of Whatsminer M21, and Avalon A1146) for smart allocation. Also, the power consumption of this product is kept at 50J/T through technical measures.

Electricity fee: 0.0769 USD/TH/Day


What does this mean for us?

Basically - the electricity fee is an additional variable in our calculations. The smaller it is, the easier it is to predict the profit of the contract.

If the price of bitcoin rises, contracts will be more profitable, if price falls, they will be less profitable.

I prefer to choose contracts that are minimally affected by the current bitcoin price.


Duration of contracts

Don't miss the promotion for New Users for September 2021 from BitFuFu:

Free 10 TH/s for 2 days, Plan 50% off and $20 Coupon


On the BitFuFu cloud mining service, we can choose the following mining durations:

  • 60 days

  • 90 days

  • 120 days

  • 180 days

  • 360 days

I really like this kind of variability. I prefer to diversify my investments and buy several contracts at once for different durations.

It is important to note that the price for the contracts already includes the electricity fee for 10 days. Thus, the real price is slightly lower.

But for you, I will calculate the profitability for all current offers. Let's start.


30 J/T: 90d, 120d, 180d, 360d

BitFuFu 360 days contracts
BitFuFu 30 J/T Contracts

My calculation of the profitability of contracts

Don't miss the promotion for New Users for September 2021 from BitFuFu:

Free 10 TH/s for 2 days, Plan 50% off and $20 Coupon


I created my own calculator to estimate the profitability of all contracts in one table. You can read how it works here - BitFuFu: My Profitability Calculator


Below is an estimate of the profitability of contracts dated 02 Septebmer, 2021. If you are reading this article later, just go to the "BitFuFu Revenue" section and find a fresh one.

In addition, you can subscribe to my "BitFuFu Daily Analysis and Buy Signals" telegram channel in order not to miss the release of fresh analyzes that are published every day.

BitFuFu review
BitFuFu Profitability 2 September 2021

Based on this data, you can realistically assess the profitability of each contract.

The most profitable ones are highlighted in green, the least profitable in yellow, and those that are not at all interesting for investing in red.

You may ask - "Why, in the table of a Very Very Optimistic scenario, the contract 30 J/T for 90 days glows dark green with 20.49% profitability, and the same 30 J/T for 360 days with 44.15% profitability is light green? The profitability is higher !?"

No, it is better to buy exactly a 90-day contract with a higher hashpower than a 360-day contract of less power for an equal amount.

The color represents the percentage of profit divided by the number of days to achieve that profit.

Why is BitFuFu's Static Revenue Rates, that are indicated on the website do not match with my calculations? Because BitFuFu calculates this indicator based on the price of bitcoin and the difficulty of the network over the past 7 days, averaging the indicator. On the other hand, I calculate the profitability based on the current indicators for 1 day.

Thus, their calculations are slightly behind the real numbers, and by evaluating contracts with current daily values, I can make profitable purchases.

Special Offer: 90 Days, 5% off, 500 TH/s min.

90 Days, 5% off, 500 TH/s min
90 Days, 5% off, 500 TH/s min

This morning, September 2, the BTC exchange rate exceeded $ 50,000.

A special offer with a 5% discount for 90 days has become profitable for purchase in all scenarios of changing the network difficulty.

I understand that not everyone operates with amounts of $ 10,000 or more, but if you currently have BTC or USDT for such an amount, you can safely buy a contract from 500 THs and in 90 days make a profit of about 10-25%.

Yes, this is financial advise.

In addition, for newcomers to the BitFuFu, who register in September 2021, they are given bonus Hashrate Plans and Discount Coupons. More details in this post.


Conclusion

Don't miss the promotion for New Users for September 2021 from BitFuFu:

Free 10 TH/s for 2 days, Plan 50% off and $20 Coupon


I really like the BitFuFu service. Now - it is a priority for me.

I gradually close contracts in other mining services, wait for a good moment and buy additional mining contracts in BitFuFu.

I am constantly looking for opportunities to buy more and more new contracts and now the total income has already amounted to more than $ 25,000.

Bitfufu mining contract
My Bitfufu Dashboard September 2021

Now these are excellent contracts, at a reasonable price, which lagged somewhat behind the real one. I can recommend these contracts for purchase!


Some of my plans have already ended, and I can show you the statistics:

30 days 50 J/T Mining Plan
30 days 50 J/T Mining Plan Ended

ROI 147% is not true, because does not count electricity fees, but if we go to purchase records Tab, we can see:

30 days 50 J/T Mining Plan Purchase Record
30 days 50 J/T Mining Plan Purchase Record
So I bought the contract for 0.00169319 BTC and got 0.00184796 BTC back. My profit was 9.14% in 30 days! Very good values!

Articles, that may be usefull for you:

1# BitFuFu Registration Link

2# BitFuFu Promo: September 2021: Free 10 TH/s for 2 days, Plan 50% off and $20 Coupon

3# BitFuFu Daily Analysis and Buy Signals Telegram Channel


Thank you for your attention! I wish you the right decisions and profitable investments!

6,992 views0 comments