If VANA doesn't reach 20u, it's considered a loss 😭😭! Let's discuss it in detail!
I believe many partners are mining, and this Nine Brother is no exception.
600 fd + 1.7 bnb (totaling around 1600u) mined for two days, yielding 0.71 VANA.
Here, I'll explain directly to those who may not understand: the amount mined varies in each time period. For example: I mined about 0.00467 with 4 fd, so for 600 fd, I should have mined 0.7, but the actual result was 0.31, which is half the expected amount.
Furthermore, Nine Brother wants to mention that if fd and bnb are held long-term, then the mining can be considered free, but many people hold bnb for the long term, while it's rare to see someone hold fd long-term. Nine Brother holds bnb long-term, but not fd.
Now, where is the loss? Let's talk about Nine Brother's bnb first. Generally, it's the case that the price surges before mining due to good news, and after mining, the good news lands and the price drops. The two prices usually differ by one or two points (but as Nine Brother mentioned, since I'm holding bnb long-term, this isn't considered a loss).
Now, let's talk about my fd. When Nine Brother mined, it was 1.02 each, now it's 0.998, a difference of 0.022. For 600 fd, that's a loss of 13.2u, meaning my fd has lost 13.2u (the price varies for everyone, Nine Brother is speaking about his own case).
This means after mining, Nine Brother has lost 13.2u (fd I plan to sell on the spot and not wait for the price to recover, a loss of 13.2u) (bnb Nine Brother is holding long-term, so it's not considered a loss). I've mined 0.71 VANA, and if VANA goes above 20u, Nine Brother could earn around 1u, otherwise, it's a loss 😂😂😂.
But basically, it looks like a loss is inevitable. Nine Brother gives everyone a piece of advice: new investments are mostly about luck, there's not much else, be cautious and careful! $VANA #加密市场狂欢
