I can't figure out how to hedge difficulty increases. Maybe I'm doing it wrong.
Here's what I have:
1. August 6 - Difficulty 37,392,766
2. I have purchased miners for 0.14 per Gh/s
3. The table below represents the net income (mined btc - miner cost ) for 6 months of mining, per Gh/s, based on three separate delivery dates for miners (October, November, December) at 5 different possible difficulty increase levels.
BTC Profit per Gh/s at various delivery dates and difficulty increase levelsDifficulty Increase | Oct 1 | Nov 1 | Dec 1 |
15% | 0.49 | 0.26 | 0.13 |
20% | 0.20 | 0.10 | (0.00) |
25% | 0.09 | (0.02) | (0.08) |
30% | 0.01 | (0.09) | (0.12) |
35% | (0.06) | (0.11) | (0.13) |
Assume, I believe I'll have miners in hand on October 1 and difficulty will increase linearly at 25%.
What difficulty futures should I purchase to maximize the mining income? Specifically, at what strike price, and what quantity.