Two ways to sell cloud mining output

Category：Mining GuideAuthor：BitFuFu2023.10.16Cloud Mining

There are two main ways, one is the way of non-stop selling coins, the other is the way of hoarding coins to sell coins at a high point!

Method 1: Set your own selling price, and sell the currency decisively if it exceeds the selling price! This is an operation method of continuously selling coins

Requirement: Calculate your selling price based on the price of the plan you purchased! In general, there will be two selling prices, which can be selected according to personal preferences!

(1) "Plan purchase price":

take the "real-time BTC price" when purchasing the plan as your own selling price, and calculate the plan income. For example, if you buy a plan at the currency price of 29,000, and calculate that the guaranteed return of all output sold at the price of 29,000 is 25%, as long as you ensure that your plan output is sold at this price, the expected income can be guaranteed.

If some plan output is sold at a higher price, such as 30000+, 35000+, it means that you can get a higher surprise income!

It should be noted that this method of continuing to sell coins does not hold the output BTC to a high enough point to sell, so the rate of return may be limited. But the risk of loss in this way is lower, and it is more resistant to possible currency price declines, and you will always continue to sell coins to recover costs!

At the same time, this method of selling coins is very dependent on reinvestment! The principal will continue to grow in the reinvestment, and the compound interest effect is significant! The principal rolls more and more!

(2) "BTC getting cost":

Take the "BTC getting cost" when purchasing the plan as your own selling price, and selling coins above the cost price can guarantee that your investment will not suffer losses. For example, if you buy a plan at the currency price of 29,000, and calculate the cost of obtaining the currency as 26,500, then selling the currency above 26,500 can usually guarantee that you will not suffer losses.

How to calculate the cost of acquiring coins?

Take the 30-day activity plan from the previous week as an example：

BTC getting cost=(0.02+0.0439)/0.00000235=27,191, then the BTC getting cost within 30 days is 27191. At the same time, you can also add your own difficulty estimate for the period to calculate a slightly higher coin acquisition cost . If you sell coins higher than the secondary price, you can guarantee that the plan will not lose money!

Method 2: Set your own expected high selling price. Before the price of the currency reaches the price, pay the electricity bill by borrowing from the exchange, and wait until the currency price is high to repay and sell all BTC! This is a method of hoarding coins to cash out at a high point

Set your own expected selling price, assuming 60,000, take the 200-day plan as an example

Net output= total output ($176148) - 190 days of service fee that can be covered by BTC output ($58,387) = $117,761

Net profit rate = ($176,148-$117,761)/ order amount ($29,673)=197%

Compared with a BTC purchased at $29,650 in spot, the price of the BTC has risen to $60,000, but it is only a 100% profit rate，which is about 100% less than cloud mining!

Here, it is necessary to ensure that the output BTC will not be sold to pay electricity bills through the method of "pledged currency". Taking Binance as an example, the current annualized loan fee rate is about 3%. Compared with the expected high currency price income in the future, this part of the pledged loan fee is basically negligible.

The pledge rate is 70% by default, that is, if you use 1000U worth of BTC produced today to borrow from Binance, you can borrow 700U to pay the electricity bill. It should be noted that the liquidation price of 70% of the pledge fee rate under the current 29,000 currency price is around 24,000, and the risk needs to be paid attention to.

At the same time, Binance supports reducing the pledge fee rate through repayment at any time to control risks. In this way, it can be guaranteed that all the produced coins have the opportunity to sell at a super high price! (Non-Binance advertisement, only to introduce flexible fund utilization methods)

Finally, I personally recommend that you combine the two methods of operation, produce a part of the loan as a pledge, and then sell a part at any time, so that you can reduce the risk and increase your rate of return at the same time! I wish you all the best gaining!

Two ways to sell cloud mining output

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