Yesterday, #Binance’s 47th project $PORTAL was mined. Everyone knows that the income of FDUSD has directly reached 1.5%, so I plan to exchange more FDUSD for mining. After the news came out yesterday, the exchange rate of FDUSD and USDT reached 1,000. At that time, I thought that the exchange rate was too high and it should have dropped by this morning. So I didn’t care when the exchange rate reached 1,000 yuan at night.As a result, I saw at 7:30 in the morning that the exchange rate had directly reached 1,400 yuan. I found that instead of being cheaper, it had become more expensive. This made me depressed. I didn’t think much about it at the time, and I felt dizzy. After exchanging 30%, I suddenly woke up. , the wear and tear of one thousand and four is not a joke. Generally, the profit of FDUSD is only one hundred and one, and sometimes it will not arrive. If you calculate it this way, seven days of mining, calculated as one hundred and one, is one point four thousandths per day. This wear and tear is equivalent to three days of digging in vain.This is not over yet. If you exchange it for USDT after seven days of mining, there will still be wear and tear. Generally, it is one thousand two. Well, now the cost of one thousand six is gone. Most of the hard work of mining has been spent on the exchange rate. . The most annoying thing is that I only woke up after changing 30%.The correct approach should be not to exchange FDUSD first, but wait until the exchange rate returns on the second or third day. This way there will be almost no wear and tear. Although mining will be reduced by two or three days, the actual income will be similar, or it will be from the fourth day. At the beginning, the exchange rate has reached negative 1,000 yuan. If USDT is exchanged for FDUSD, it will earn 1,000 yuan. Mining will make 1,000 yuan in two days. At the end of the sixth day, the exchange rate loss will be 1,000 yuan and exchanged back to USDT. The actual profit is 1,000 yuan, but the funds are occupied. Only two days.I don’t know if my friends understand. Let me give you an example: If I use 100,000 U to mine, and the profit is 110, the profit from 100,000 U is 1,000 U.But the exchange rate wear and tear of converting USDT to FDUSD is 1,000 U, which means that what I exchanged for mining is only 99,600U. At this time, the mining income is 996U. After the seven days are over, I exchange it back to USDT, and the exchange rate is 1,000 U. In this case, 100,596FDUSD is replaced by 100,395USD.Therefore, my basic income of 100,000 U is only less than four thousandths.What's even more outrageous is that after eight o'clock, the highest exchange rate reached 4.5 per thousand. How could anyone mine under such high wear and tear? It's equivalent to working for five days and mining for two days. What if the profit is less than 100? One is a loss.
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