I just reinvested back into BNB Miner!
So I just reinvested back into BNB miner!
(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)
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Why did I do this?
So BNB miner has a history of waves of growth in the TVL. It has already been through 2 waves. I was able to ride the second up & down. Now it seems that the 3rd one might have started.
I was looking over my BNB miner spreadsheet & checking on the TVL, whether it was going up or down…
In my spreadsheet last Saturday, when I made my weekly withdraw the TVL was at 3177.85 BNB & had been going down over the past several weeks. The TVL today is at 3195.7, up 17.85 BNB. I then looked at the contract balance on bscscan.
I also looked at the daily deposits & withdraws…
There have been more & more deposits going back into the miner than before. They actually starting to match & surpass the withdraws.
I then thought about the daily earnings of 3% in the miner. At 3%, I would be able to withdraw all of my investment back out in a little over a month (minus gas fees of course). If I compounded my earnings several times a day, withdrawing on Saturdays as planned then I should be able to recoup my investment a lot sooner. Possibly in a couple of weeks!
Then I thought about how likely a rug pull would happen or maybe a whale withdrawing & draining the TVL. That could happen but it’s unlikely. This miner has been going for over 550 days & prides itself as the longest running miner.
Moonarch also states that the TVL has been going up as well, 1.43% over the past 24hrs & 2.29% over the past 7days.
How much did I invest?
I have learned, and am still learning, that I need to start keeping some of my earnings as profits. My crypto friend told me that he usually keeps around half of his earnings as profit. So I think I’ll do the same.
I looked at the miner this morning & saw that I already had 0.02774 BNB ($7.57) in earnings, which I withdrew from the miner. This put me at 273% ROI. WhooHoo!!!
This also brought the total in my BNB Miner wallet to 0.21913202 BNB ($59.94)!
(I wanted to use my Baked Beans wallet as a referral to this wallet but for some reason I couldn't get this wallet to disconnect from the Dapp.)
Since, I couldn’t do the referral idea I had planned, I then decided to just invest half of my earnings like my friend recommended. This would equal 0.10956601 BNB ($29.88). This would give me 1.458 Billion miners, which is a lot higher than my measly 79.672 Million miners, currently invested.
So that’s what I did.
This also brought my TVL in this miner up to 0.11526 BNB ($31.44), which should earn me around 0.0034578 BNB ($0.94) daily. If I compound that several times a day & add in referral earnings then I should get my $31 back very quickly.
New BNB Miner Plan!
Now that I’m reinvested back into this miner again, my plans with this miner have changed again. (Plans will always change.)
My new plan is to compound my earnings several times a day, with the last compound of the week on Friday evening. I will then let the earnings build till Saturday evening & withdraw. I will then deposit half of what I withdrew back into the miner again.
Compound should help fight against inflation in the miner. Withdrawing should help me ROI on my investment. Depositing half back into the miner should grow my TVL & thus my earnings.
All while the 3rd wave is growing…
Hopefully, my earnings will grow as well & I’ll ROI very quickly.
Time will tell…
You can also join me in riding this 3rd wave by investing into this miner as well. Join the miner by clicking here:
Let me know what you think about my plan & investment strategy for this miner. Maybe, we can help each other out.
As always, thanks again for reading!
Follow me. I’ll follow you. Let’s see what happens…