avatarLamcer31210

Summary

The author discusses their personal experience and evolving strategy with investing in BNB Miner over an 8-month period, detailing various approaches to compounding and reinvesting to maximize returns.

Abstract

The article "Rocking the Boat with the BNB Miner" by Lamcer31210 chronicles the author's 8-month journey with BNB Miner, a cryptocurrency investment platform. Initially investing a small amount of BNB, the author experimented with different compounding frequencies to optimize profits in the face of gas fees. Strategies included daily compounding, every-other-day compounding, weekly compounding, and eventually transitioning to a no-compounding approach, reinvesting profits instead. The author also adopted a method of withdrawing on specific days and reinvesting varying percentages, which led to a significant increase in their Total Value Locked (TVL) and daily earnings. The article emphasizes that the strategies shared are not financial advice but rather a personal account of trial and error in the crypto investment space.

Opinions

  • The author is experimentative and adaptive, trying various strategies to improve their investment outcomes with BNB Miner.
  • Initially, the

Rocking the Boat with the BNB Miner

Don’t shoot me until you’ve read the whole article…

Here’s how my new BNB Miner strategy is going…

As you may know, from my previous articles, that I have been invested with BNB Miner for some time now…about 8 months.

I've been trying something new with this miner. Let’s see how it has worked so far.

(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. NFA.)

I’m still a small fish in a big sea full of giant whales, but I’m growing…

I have been with this miner for a very long time, compared to the rest of the projects I'm invested with.

What have I tried? How did it work? What I’m doing now?

What have I tried? How did it work?

  1. At first, I only invested 0.04 BNB ($15) & started compounding everyday & then only withdrawing on the weekend. Since this was a very small amount, the gas fees from compounding ate up any profits. I was withdrawing less than $1!!! (My ending TVL = 0.052 BNB)
  2. I then tried only compounding every other day, letting the earnings build up for a day or 2, then withdrawing on the weekends. This greatly reduced my gas fees & help me get to ROI. It still was a very small amount & not very much growth or profit. Still withdrawing less than $1… (My ending TVL = 0.059 BNB)
  3. After about a month I decided to invest another 0.069 BNB ($15.01 at that time), which increased my TVL in the contract. This increased my withdraw amount slightly, but still wasn’t a lot compared to gas fees. Withdraws were around $2. (My ending TVL = 0.12 BNB)
  4. I then started only compounding once per week, letting it build, & then withdrawing. This totally backfired on me. Withdraws went back down to less than $1. As a matter of fact they were actually less than $0.50! Ouch!!! (My ending TVL = 0.006 BNB)
  5. Then after getting a referral, I decided to give it another chance. I then invested 0.109566 BNB ($29.88) back into this miner & started compounding again. This gave my earnings a great boost! Withdraws were around $8. (My ending TVL = 0.21 BNB)
  6. In November, I started reinvesting half of my weekly withdraws back into the miner. This reduced how much I was able to keep but also helped my TVL start to rise….slowly… Withdraws were around $15. (My ending TVL = 0.30 BNB )
  7. In December, I started to investing $25 into this miner, in order to increase my TVL & earnings, twice per month. This was part of My $100 Crypto Investment strategy. This helped increase my TVL in this miner some over time but it was a constant struggle. Withdraws were around $18 (My TVL = 0.58 BNB)

What am I doing now?

So after seeing my TVL grow in another miner type project, that doesn’t have any compounding, I decided to try their approach with this miner.

Shortly after the beginning of this month I have been using “their” mining strategy. Here is what I am now doing & my results.

  • Stop compounding & only do reinvesting. ( I know…Don’t shoot me down yet…)
  • Let my earnings grow & withdraw on Mondays & Wednesdays. Then, immediately, reinvest 100% of my withdraws.
  • Let my earnings grow more & then withdraw on Saturdays. Then, immediately, reinvest only 50% back into the miner.
  • Keep the other 50% as profit, while my reinvestments continue to grow my TVL.

This month, I started out at around 0.58 BNB. Now, after doing this for a little while, my TVL is at 0.73 BNB, almost a 50% increase!!!

Now I’m earning around $6 daily, & withdrawing around $25 every weekend. I still invest $50 every month according to My $100 Crypto Investment. (Invest $50, Withdraw $100)

My withdraws mean that I’m in profit every week!!! Yay!!!

I’ll continue to do this strategy for the rest of this month & then reassess at the beginning of February.

If all goes well, then I’ll continue into February.

Combined this with the recent rise in the miner TVL then thing sare looking really good. Time will tell…

If you are interested in joining the BNB Miner adventure like me then you can join as my referral below.

As always, thank you again for reading my articles.

It is much appreciated.

God Speed!

If you would like to see what investments I’m currently active in then go read my referral link article.

My top 5 highest earning articles from 2022.

  1. Disconnect your wallet before it’s too late! — updated
  2. I just reinvested back into BNB Miner!
  3. I am now officially part of the Drip Network!
  4. Drip, Drip, More Drip and Pigs Too!!!
  5. Drip + Pig Pen
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