ScryptCube: My Reinvest Calculator
It took me about 5 days to create a reinvest calculator for the Scryptcube. A lot of work has been done and now I am ready to share my calculations with you.
You can support my project by making a donation to: 1GyrYJ8YZuiEGLVno9q1ggZtxx1XXuX4aR
Changing the difficulty of the Bitcoin network in four scenarios
As always, all calculations are made in four variants of difficulty changes:
Very very optimistic (0%)
In my personal calculations, I always use the pessimistic scenario, because I am very careful with investments. It’s better for me if the result is higher than I expected than to miss out on money.
At the moment, my calculator is working with calculations for buying 1-year contracts, because in the last analysis of the Scryptcube profitability they proved to be the most profitable.
Thus, I can calculate up to 730 days of contracts - 365 first (Duration) and +365 subsequent (Total time), when we will gradually lose power.
In my calculator, you can also set the value of how many days I want to reinvest - from 1 to 365.
I can compare the results with the "No reinvestment" indicator from the standard calculator. This is the volume of bitcoin, if we just buy, let's say 20 THs and we will not reinvest the income from his work for 365 days.
The reinvestment price for 100 GHs is calculated based on the BTC/USD exchange rate and the contract price of $4.9 per 100 GHs. Thus:
If the BTC rate grows at the current price for contracts, reinvestment will be more profitable.
If it falls, it is less profitable.
If the contract price changes, which I believe, reinvesting at the new prices may not be profitable.
I don't know what kind of contracts you currently have: your hashpower, remaining term, current balance.
Therefore, I will give such calculations as if you bought a certain amount of THs today, your balance is 0 BTC and you are thinking about whether it would be profitable to reinvest the profit from contracts.
I hope that you can, based on these data, understand how reinvest works. If you need to parse and calculate your case, write the parameters of your case in the comments in this format:
Amount of TH/s
Duration of the contract
How many days are left
Current account balance
And then your question: "what will happen with 30,60,180,365 days of reinvestment, please count"
And remember the main thing:
It is better to buy a NEW contract for USD or transfer your bitcoins from savings than to reinvest. This way you will EXACTLY get a lot of profit. Make your money work for you!
Reinvestment within 365 days
As we can see, if we reinvest 365 days, then on day 364 we will have 88.8 TH/s hashpower, but at the same time there will be only 0.00022611 BTC on the account balance. On day 365 we will lose our initial capacity of 21 TH/s and then our hashpower will decrease for another 365 days from 67.8 to 0.0 TH/s.
These 365 days will bring us an additional accruals and for 730 days of the total duration of such contracts, we will earn up to 0.02055624 BTC.
This is 33.98% less than what we could have made in 365 days without reinvestment.
In a realistic scenario, we will return 3.85% more BTC in 730 days compared to a 365 day contract without reinvestment.
It turns out that our profit will remain the same, but we will have to wait 1 year longer.
Here we already see some profit of 63.97%. But is it really that good? At the moment, the profitability of 2-year contracts in the optimistic scenario can be viewed on 02.03.2021 Scryptcube Accrual page - it is 76.86%.
It turns out that it is more profitable for us to buy a 2-year contract, and not to reinvest a 1-year contract for 365 days.
Moreover, it is very unlikely that the price of contracts will remain for such a time.
A very very optimistic scenario
And only in conditions of the constant difficulty of the bitcoin network do we get a really huge profit of 586%.
But such a scenario is hard to believe. The difficulty of the bitcoin network is constantly growing and cannot stay the same for 2 years.
And if the hashpower is less or more?
As you can see, your hashpower volume does not greatly affect the profitability indicators.
Reinvestment within 180 days
The situation is already better. By day 180, we will reach a peak hashpower of 51.7 TH/s, and when our main contract for 365 days ends, we will have 30.7 more TH/s, which will work for us for another 180 days, constantly decreasing.
Thus, by 365 days on the account balance we will have 0.02833155 BTC, which is 7.63% less than if we had not reinvested the income from the main contract, but over the next 180 days, we will also receive BTC and in total we will receive 9.93% more.
Whether these 9.93% are worth the 180 days of waiting is not for me to decide.
In a realistic scenario of changing the difficulty of the Bitcoin network, we get what we wanted:
By day 365, we will have 6.84% MORE BTC on our balance than if we had not reinvested. The remaining 180 days will bring us an additional profit of 30.06%.
Can we get even better results? Let's figure it out!
Reinvestment within 15, 30, 40, 50, 60, 70, 80, 90, 100 days
Here I will give screenshots with different periods of reinvestment duration. Now that you understand how my calculator and calculations work, you yourself can familiarize yourself with the data and analyze it.
There is no PERFECT reinvestment strategy. You should consider various scenarios for changing the difficulty of the network, the price of bitcoin and other data.
For myself, I chose the ideal scenario - to reinvest within 80 days, and buy additional hashpower for dollars - as much as I can. This way I will make my fiat money work.
In addition, I do not use the "Reinvest" button, I BUY power from the balance. Thus, I can use promotional codes for a 1% discount, which you can find in this section of ScryptCube Promo Codes on my website. In addition, I prefer to buy additional hashpower when the price of bitcoin rises in order to spend less BTC to buy additional GH/s.
I am glad if you can help me with sharing this article. Recommend my website to friends, link to it in discussions so that the maximum number of people can make the right choice in investing.