Have you noticed your payout formula during this bearish season? Now is the best time to become a whale on hive by purely mining the coin.
Before I give you the break down let's quickly throw in a few lines of explanation of that these terms mean for those who may not know (because I have new friends on the block chain)
Hive: The primary token here on the hive block chain. Currently trading around $0.5 and I watched it peak to over $3 last year around December 2021!
Hive Power: Your staked hive aka hive influence, voting power, what makes you a whale and the list goes on.
Whale: A fish in the Ocean. Lol just kidding! An influencial person in any given blochchain. Here on hive, it is primarily determined by your Hive holding - Hive Power (hp)
Bear Market: A period when most if not all crypto currencies fall in price. Like you've observed in the cryptoverse a lot of words seem twisted. This is one. I think bear is forged from 'bear' like to endure a particular thing. It's been rough in the market but we bearing it!
Stake: Strategically investing your crypto to yield rewards.
HBD: Hive Backed Dollar. The stable coin for the Hive block chain. Every block chain has theirs and it's always same as the price of the US Dollar.
Haven put that out of the way, let's look at how to ride on the bearish market to become a hive whale 2x faster by mining i.e not buying your hp with your fiat currency but through your activities here in the block chain.
I consider our blogging activities here on hive as mining. We are building a massive community of web3 bloggers, buying, selling, staking and pitching hive. I think that's what the @POB (Proof Of Brain) initiative is about. Oh, there is also the @VYB (Verify Your Brain) now.
I did mention the pattern of our Hive payout earlier. If you're observant you'll notice the formula between your HBD and hp is more 1:2 i.e you get more hive power. This not always the case. If you were around when crpto market was better you'd notice that the HBD was always higher than HP in every payout. While this provide us with instant money to spend, the former help us stake/save/invest on the the hive block chain.
Look at it this way,if you are not powering down and you can make daily quality post, in a month time your hive power will significantly be greater than it's current value. This in comparison with a bull market will not give you the same hp if all factors remain constant.
Why you may ask?
Hive is very cheap now! Remember your HBD is always equal to USD? Less HBD can be used to purchase more hp(hive) for you this period in any of your payout.
Here is an example from one of my recent blog.
Notice the upvote here and compare with the payout formula.
Screenshots are mine.
So you see? there has never been a good time to blog on Hive than now.
It's even better for newbies because they can become a whale faster now than in a bullish season, that is ofcause if the are not powering up and rely solely on Hive payout formula.
And if you've been looking at investing in crypto you need to follow @leofinance and read crypto updates especially this one on bHBD and bHive.
Lots of ways you can invest in the hive blochchain. Lots of rewards the hive. Investors (whales) are getting.
I hope you got some insights in this post. Let me know your thoughts in the comments and thanks for reading!
This is not a financial advice. Make your dew research before making any investment.
Image was made with canva
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Nice point right there. It's a pity that some people think Hive is only good when the token is worth $1 and above. They fail to realise that being active at a time like this gives is leverage which cab be explored to earn more units of the token.
HBD is a good back-up for quick expenses. Aside from any HBD set aside for such reason during bear market, the rest can also be used to buy more units of Hive.
Thanks.
Yes, you need to have the investor mindset to keep pushing in this period.
Great hint right there about HBD. Thanks for sharing!
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Nice one. We all learn every day in this space. It all starts from the Hive and HBD and then we get to know some really interesting Hive Engine tokens which can make hive more fun for us.
Enjoy the bear market ride.
Ah the tokens! Such a joy giver.
Yes, it's a great time to muscle up some dedication on the Hive blockchain. Sadly, most people will always come running only once the bull is charging...
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The interesting thing is that there’s almost no other place like hive that one can do these things the way hive does it.
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True. Hive blochchain is one cool place to be. It's Hive to the world mate.
Thanks for dropping by.
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Isn't the payout formula 50/50?
Not at all. I think it is shared between the Creator and currators.
The creators payout is then splitted into HBD and HP
Correct me if am wrong.
What percentage goes to the creator? What percentage goes to the curators?
what percentage for HBD and what percentage for HP?
Haven't looked deep enough to know all of that.
Let's hope someone like @finguru or @thekittygirl can help us with these questions.
And if they do come around, it would make my day!
@alex-rourke @ozohu
When a post pays-out, the author gets 50% of the rewards and the 'curators' (those who upvote the post) split the remaining 50% in proportion to the stake they have in their upvotes. This 'stake' is determined based on their effective HivePower (HP) and the 'weight' at which they have upvoted the post.
For example: You write a post that earns 1.20 in rewards. You get 50% of that, or 0.60 as an "author reward." Then say that I have 1000 HP and vote your post at 100% of my Power, while Jane has 500 HP and upvotes your post at 100% of her power. Curators get 50% of the rewards on a post, but my HP is twice what Jane's is. So, my "curation reward" is 0.40 and Jane's is 0.20, for a total of the other 0.60 from the posts' rewards.
The mix of HBD -vs- HP given at payout is determined when the post is published. It can be 50% HBD + 50% HP, or it can be 100% HP, depending on the author's preference. (This can be changed in the post Editor screen under "Advanced Options.")
...and one last thing about payout...
Although rewards are usually paid in HBD/HP or HP, there is an occasional situation where HIVE is also involved in payout, based on the subtle dance of the economics of the blockchain. When one compares the marketcap of HBD with the marketcap of HIVE, the "debt ratio" is given. That ratio must not exceed 10% for the blockchain to remain healthy. When the blockchain gets close to that debt limit, it stops printing HBD and rewards are paid in HIVE and HP, instead. When the debt ratio drops again, we will begin to see HBD in rewards once more.
NOTE: Rewards are always paid in full, regardless of whether they're paid in HIVE, HivePower, or HBD!
Awww she came through! Thanks so much for taking to enlighten us. Really appreciate!
Much love.
You're welcome! 😊
Even if it goes back up, there is a trick to it - just select 100% power up when you publish your post :) ...
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Cool. Thanks for the info. Thrilled to have you around!
My pleasure 🙌
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Super!
Thanks for reading. Please feel free to reblog.
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