BitFuFu: Wet Season Festival with reduced electricity cost!
Updated: Jul 2
A very profitable promotion for investors was launched on BitFuFu today, May 18!
I will figure out for you how profitable the proposed contracts are and what is better to buy.
What is Wet Season?
Precipitation in China is basically regular each year. From the spatial angle, the distribution shows that the rainfall is increasing from southeast to northwest, because the eastern seashores are influenced more than inland areas by the summer monsoon. ... The rainy seasons are mainly May to September.
This means that for the operation of hydroelectric power plants becomes more efficient and electricity producers reduce the cost of it. This allows BitMain to buy electricity cheaper and sell it cheaper to BitFuFu, and BitFuFu sells it cheaper to us, the buyers!
BitFuFu Wet Season Promotion
Official Promotion Webpage: https://www.bitfufu.com/wet-season
Usually, the price of BitFuFu's electricity was calculated from a value of 0.0641 USD per kilowatt of electricity.
But during the Wet Season, the price will be reduced to $ 0.038 per kwh. This means that electricity fees for all contracts are also reduced.
What is Electricity Fees changes for Wet Festival?
30 J/T contracts
$0.0462 per TH/day reduced by 40% to $0.0277 per TH/day
40 J/T contracts
$0.0616 per TH/day reduced by 40% to $0.0370 per TH/day
50 J/T contracts
$0.0769per TH/day reduced by 40% to $0.0461 per TH/day
What contracts can I buy during the Wet Festival?
You can choose from any type of miner 30, 40, 50 J/T series. But the duration is only 120 and 180 days.
Remember that prices are indicated at the time of this writing, May 21, they may change depending on the Bitcoin exchange rate. For a fresh analysis, you need to go to the BitFuFu Daily Analysis section and find the latest analysis.
What is the profitability of new contracts?
Contracts are profitable!
120-day contracts under the conditions of increasing network difficulty are somewhat more profitable than 180-day contracts.
Remember that profitability is indicated at the time of this writing, May 21, they may change depending on the Bitcoin exchange rate and difficulty. For a fresh analysis, you need to go to the BitFuFu Daily Analysis section and find the latest analysis.
BitFuFu pleased their users with a new promotion!
Don’t miss out on the low electricity fee offer. It’s only available once a year!
I can definitely recommend Wet Season contracts for purchase!