BNB Mining Year-End Report Summary - 2024

BNB has been around for nearly 11 months this year, with a total of 23 mining projects: 20 times Launchpool, 2 times MegaDrop, and 1 time Holder. At the beginning of the year, the total amount of BNB was 129.36 coins, and the latest total amount of BNB is 166.46 coins. Through 23 mining sessions, I reinvested a total of 37.1 BNB, with a coin-based return rate of: 37.1/129.36=28.7%.

Currently, the price of BNB is around 640 USD. My initial investment in BNB for this cycle was 28,600 USD, and the total value of BNB I hold now is: 106,534 USD, with a total profit of 77,934 USD and a return rate of 272.5%.

Previously, the mining return rate for BNB was high because the price of BNB was still below 300. Now, the mining return rate for each session is very difficult to exceed 1%. Even if the Launchpool project team offers a mining pool reward worth 100 million USD, the mining return rate will not exceed 1% because the total value of staked BNB exceeds 10 billion USD. As the mining return rate for BNB decreases, the future price growth of BNB is also limited. At the recent high point, I will gradually reduce my holdings of BNB and look for long-term valuable tokens with a better cost-performance ratio.

Still the same saying: "Hold BTC, ETH, BGB, BNB, and let time accompany us to slowly become rich"