A day or so ago the HIVE APR hit 3.31% and has since dropped down to 3.28% which is excellent news if you have HIVE Power as this is roughly 10% more in daily earnings you would normally receive. The HIVE APR for as long as I have known it tends to hover around 3% and the highest I had seen it rise was to around 3.15%.
For those that have stake it means the growth is that faster even if it is an extra 1 or 2 HIVE daily. This adds up and is all part of the compounding effect that happens behind the scenes. An account with 10K HIVE Power would earn roughly an extra 28 HIVE per year vs an account with 100K earning an extra 328. This never lasts though and at some point we could be looking at 3% or even 2.9% so it is fun to pay attention and see what is happening. My daily earnings via the APR is currently around 15.7 HIVE which is definitely positively affecting my real time growth and knowing you are growing at 5.7K HP just by this without all the other reward factors like curation/delegating and posting.
For some reason when the HIVE price drops like it did last Friday the APR is affected and we earn more or less when the HIVE price increases. The price factor is rather important and the lower the HIVE price the upside is we tend to earn more HIVE so this is a bitter sweet moment.
For those that think the HIVE APR is nothing I would suggest you remind yourselves and take a look at what I call the HIVE Petrol Pump which is the one tool that I think explains how the APR effects your stake in real time. Every HIVE block that is completed which is every 3 seconds your account is rewarded with x amount of HIVE and that is added to your stake which is the APR being added continuously.
This HIVE Petrol Pump tool I have open in my browser as it tells you immediately so many things and I personally find this an important growth tool. If there is a tool on HIVE that encourages you to stay active and needing a pick me up then this is it.
Not that I need a "pick me up" as I enjoy the fun factor of HIVE, but we have all been there when starting out as growing on HIVE when starting out is a challenge. There are many times when you question your sanity and I wish I had found this tool on day one as this would have helped me understand far more about HIVE and how the mechanisms of the blockchain work. The more knowledge you have the easier things become as you understand where the growth is happening and that is half the battle won.
Living The Dream?
Who knows what crypto has in store for us as we would one day like to rely on crypto for a passive income. The only way that will become a reality is through the stake you hold and why this is something we need to grow through accumulation and compounding. What we learn on HIVE can be replicated in all other crypto staking protocols and why this is an important training ground before we branch out. I can tell you how grateful I am for what HIVE has taught me over the years and have used and implemented this knowledge in other crypto.
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Thank you for introducing the HIVE Petrol Pump. It is interesting to watch how the numbers move.
!PIZZA
!LOLZ
It is a fantastic tool and it is kind of impressive watching your account grow in real time.
Yeah. It will be more exciting to see in the future if the movement is not in decimal points but in whole numbers. 😄
It seems that APR goes up when the price of Hive goes down...
Yes that is exactly what is happening.
the percent increase because people unstaking?
No it looks like it is more to do with the HIVE price dropping.
but hive price dropping = people selling which means they unstaked?
16 Hive daily is just crazy. You certainly have put in the work and made the necessary sacrifices. I'll keep rooting for you, as you're one of the few people I believe truly deserves to reap the benefits of their 'good deeds' on this platform
It is crazy because it all started from 0. Thanks and I am rooting for you to get growing again.
Thanks. am looking to get some skin in the game this time. I'm going to have to purchase Hive this time around rather than pure organic growth. This will be easier if prices remain low for extended periods
I personally haven't paid much attention to this specific APR however, that's about to change after reading this post. I think Hive as an ecosystem can teach one about the basics of how blockchain/crypto operates, always easier for me to explore other ecosystems based on the knowledge of these things I've gained here on Hive.
It does make a big difference more so as your stake grows and is part of understanding how a blockchain functions.
$PIZZA slices delivered:
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Come get MOONed!