Increasing my BNB Miner profits 30% each week!!!
I’ll be going from 20% profits to around 50% profits. Here’s how I’m going to do it.
(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)
Current strategy
Currently, I’m using the following strategy.
- Let earnings grow on Sundays
- Withdraw on Monday mornings
- Reinvest 100% of what I withdrew. This raises my TVL & earnings in the miner. It does this better than compounding.
- Then I let my earnings build until Wednesday morning.
- On Wednesday mornings I’ll withdraw my earnings & reinvest 100% again.
- Then let the earnings build up again till Saturday evening.
- On Saturday evening, I’ll do another withdrawal. This time I’ll invest 50% back into the miner again.
- The let the earnings grow on Sunday & repeat the process again.
To sum it all up, I withdraw 3 times every week. I reinvest 100% two times & 50% one time.
Therefore, I only keep a little less than 20% of my earnings for the week.
I’ve been in this miner since 5/6/22. I think it’s time for me to get another raise! (But, I have to be careful & not be too greedy.)
The problem
I’ve noticed that if I don’t interact with the miner for several days then my TVL in the miner goes down. When that happens, my earnings gradually good down as well.
If I wait too many days then my TVL goes down a lot & is more it’s difficult to recover.
I can recover some by compounding, which also increases inflation, or buy depositing “new” money. Depositing funds seems to get me more miners than compounding & thus helps recover from lowered TVL than compounding.
So that’s what I plan on doing.
But where will this “new money” come from?
From reinvesting part of my withdraws. The miner doesn’t know that it came from my withdraws. It only knows that it is new money. So I’ll play the miner at its own game & see if it keeps my TVL more stable.
I’ll also continue to deposit $25 extra into this miner, according to my $100 Crypto Budget. So That should also help a little.
New Strategy
Well, it’s quite simple. I’ll do withdraws every morning & reinvest 50% back into the miner.
I’ll get to keep money for profits & increase my TVL as well.
This should give me about a 30% increase in my income from this miner, since I’ll be keeping 50% of my withdraws, instead of 50% of my Saturday withdraws.
In conclusion
I’ll be following the 50/50 strategy, instead of my previous strategy of 100/0, 100/0, & 50/50. This means I’ll be going from keeping 20% of my weekly earnings to around 50%.
That’s like getting a 30% raise!!!
So things are looking good. I’ll reassess my strategy again after I see how this works out.
Thanks for reading!
Till next time.
God Speed!
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