From what I understand, you need a lot of them to really get the payout.
That's the popular opinion but it isn't actually true . You buy 1 LEOM the breakeven is same when compared to 10 LEOM . It most certainly is a long term investment ( 1.5-2 years ) .
But one thing which we should keep in mind is - having large amount of miners is beneficial because of the compounding effect. Although the breakeven is same if we stake the LEO or other tokens mined , we will earn more from curation.
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Ah okay. I stand corrected.
I thought that they were a lottery type system on the payouts meaning that larger miner holders had a better chance than ones who had less. Like buying more in a 50/50 raffle.
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It is actually like that . You can see brofund getting mining_rewards every single hour and some other small token holders get once in a month ( not exaggerating ) but over long time the probability will play its part and the breakeven is same for everyone irrespective of small or large holdings.
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