BNB Miner Strategy Update

How did it work for me?

If you have been following me then you know that I have been trying a couple of different strategies with BNB Miner…

Well, I’ve done this for over 2 weeks now & I need to take another look at these strategies & see how they are working.

Remember, I am a small fish in a sea full of BIG whales. (Sounds like another cool article title. I may have to write about this one day.)

Anyways, let’s talk about how this has worked out for me so far.

Be warned. There are a lot of numbers to consider further along in this article…you may have to take it slowly, like I did, in order to see the patterns laid out.

(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR)

Two Strategies & how they work

So I have been experimenting with 2 different strategies in BNB Miner.

1. Withdraw & reinvest 100% on Monday & Wednesday mornings. Then withdraw & invest 50% on Saturday evenings. Keep 50% of the Saturday evening withdraw for profit.
2. Withdraw & reinvest 50% everyday. Keep 50% for profit everyday.

So how have these strategies worked for me?

Which one should I choose?

What do I think will happen in the future?

Firstly, let’s talk about strategy #1 from above.

This is what happened from 2/6/23 till 2/11/23, while using strategy #1.

1. On 2/6/23, I withdrew 0.06316 BNB ($20.67) & reinvested 100% back into my TVL. This cost me 0.00131 BNB ($0.42). It raised my TVL from 1.06174 BNB to 1.12468 BNB. This also brought the miner TVL to 1,561.57 BNB
2. On 2/8/23, I withdrew 0.08081 BNB ($26.83) & reinvested 100% back into my TVL. This cost me 0.00131 BNB ($0.43). It raised my TVL from 1.03817 BNB to 1.11878 BNB. This also brought the miner TVL to 1,539.98 BNB.
3. On 2/11/23, I withdrew 0.11448 BNB ($35.54) & reinvested 50% , which was 0.05724 BNB ($17.77). This cost me 0.00131 BNB ($0.40). It raised my TVL from 0.98411 BNB to 1.04119 BNB. This also brought the miner TVL to 1,502.69 BNB.

Total amount withdrawn = 0.25845 BNB ($83.04).

Total amount reinvested = 0.20121 BNB ($65.27)

Total kept for ROI = 0.05724 BNB ($17.77, 21.39% of total withdraw amount)

My beginning TVL = 1.06174 BNB

My ending TVL = 1.04119 BNB (Down 0.02055 BNB, or 1.93%)

Miner beginning TVL = 1,561.57 BNB

Miner Ending TVL = 1,502.69 BNB (Down 58.88 BNB, or 3.77%, (more than my personal TVL))

Total cost in gas = 0.00393 BNB ($1.25)

In the end my TVL went down 1.93%, I kept $17.77 for the week, & the overall miner TVL went down 3.77%.

Now, let’s talk about strategy #2 from above.

This is what happened while using strategy #2.

1. On 2/12/23, I didn’t interact with this miner on this day. (Not sure why I didn’t interact with the miner on this day but, I have no records on what happened.)
2. On 2/13/23, I withdrew 0.05795 BNB ($16.82) & reinvested half, which was 0.028975 BNB ($8.41). This cost me 0.00131 BNB ($0.40). It raised my TVL from 0.97543 BNB to 1.00449 BNB. This also brought the miner TVL to 1,472.14 BNB.
3. On 2/14/23, I withdrew 0.03434 BNB ($10.12) & reinvested half, which was 0.01717 BNB ($5.06). This cost me 0.00131 BNB ($0.39). It raised my TVL from 0.95934 BNB to 0.97656 BNB. This also brought the miner TVL to 1,453.64 BNB.
4. On 2/15/23, I withdrew 0.03449 BNB ($10.48) & reinvested half, which was 0.017245 BNB ($5.24). This cost me 0.00131 BNB ($0.40). It raised my TVL from 0.95358 BNB to 0.9708 BNB. This also brought the miner TVL to 1,470.68 BNB.
5. (On 2/15/23, I also added another 0.082 BNB ($25) , as per My $100 Crypto Budget. This additional investment cost me 0.000749 BNB ($0.23). It raised my TVL to 1.05367 BNB. This also brought the miner TVL to 1,470.25 BNB.)
6. On 2/16/23, I withdrew 0.03557 BNB ($11.27) & reinvested half, which was 0.017785 BNB ($5.24). This cost me 0.00131BNB ($0.42). It raised my TVL from 1.01559 BNB to 1.03342 BNB. This also brought the miner TVL to 1,459.25 BNB.
7. On 2/17/23, I withdrew 0.04296 BNB ($13.26) & reinvested half, which was 0.02148 BNB ($5.24). This cost me 0.00131 BNB ($0.40). It raised my TVL from 0.99467 BNB to 1.01601 BNB. This also brought the miner TVL to 1,464.64 BNB.
8. On 2/18/23, I withdrew 0.04941 BNB ($15.56) & reinvested half, which was 0.024705 BNB ($7.78). This cost me 0.00131 BNB ($0.42). It raised my TVL from 0.96323 BNB to 0.98783 BNB. This also brought the miner TVL to 1,445.53 BNB.

Total amount withdrawn = 0.25472 BNB ($77.51).

Total amount reinvested = 0.20936 BNB ($61.98), including the 0.082 BNB ($25) on 2/15/23.

Total kept for ROI = 0.04536 BNB ($15.53, 20.03% of total withdraw amount)

My beginning TVL = 0.97543 BNB

My ending TVL = 0.98783 BNB (Up 0.0124 BNB, or 1.27%)

Miner beginning TVL = 1,472.11 BNB

Miner Ending TVL = 1,445.53 BNB (Down 26.58 BNB, or 1.80%)

Total cost in gas = 0.00786 BNB ($2.66)

In the end my TVL went up 1.27%, I kept $15.53 for the week, & the overall miner TVL went down 1.80%.

(If you don’t count the $25 extra investment I was able to keep $43.19, which is 55.72% of my withdraw amount. But my TVL may not have gone up as much as it did. )

Which one should I stick with? Strategy #1 or strategy #2?

• In strategy #1, my TVL went down, the miner TVL went down, & I was able to keep $17.77 (21.39% of withdraws).
• In strategy #2, my TVL went up, the miner TVL still went down, & I was able to keep $15.53 (20.03% of withdraws). If you take out the $25 extra investment then in strategy #2, I was able to keep $43.19 (55.72%).

I usually only add an extra $25 investment twice per month, when I get paid from my real job. If I had put an extra $25 into the miner during the week I used strategy #1, then I would be negative $7.23 that week. If I had not put an extra $25 in during the week of strategy #2, then I would have kept $43.19.

Therefore, I will continue to use strategy #2, for the near future.

What do I think will happen in the future?

Well, that’s a bit complicated…depending on the price of BNB & the overall TVL of the miner.

• If the price of BNB goes up then the value of my withdraws will go up accordingly.
• If the TVL of the miner goes up then the amount of BNB I earn daily will go up as well.
• If the price of BNB goes down then the value of my withdraws will go down.
• If the TVL of the miner goes down then the amount of BNB I earn will go down.

Now to mix it up a little…

• If the price of BNB goes up but, the TVL in the miner goes down the the value of my earnings may go up but the amount I earn will go down.
• If the price of BNB goes down but the TVL in the miner goes up then the value of my earnings may go down but the amount I earn will go up.
• If the price of BNB stays about the same & the TVL in the miner stays about the same then the value of my earnings may stay the same & the amount I earn may stay the same.

As you can see, anything can happen. Only God knows the future.

For the moment, I’ll stick to using strategy #2 on this miner & see what the future holds.

Thanks for reading!

Till next time.

God Speed!

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