I've had a tool I built to monitor break-even with Hive Engine Miners. This tool is something I have used internally but I have been asked a few times to make it public.
$ minerbreakeven.py brofund LEO LEOM
User: @brofund
Miners: 13110.295
mining
date
2021-02-18 45
2021-02-19 56
2021-02-20 43
2021-02-21 37
2021-02-22 48
2021-02-23 54
2021-02-24 49
Mines/day (Mean): 47.43
Mines/day (Median): 48.0
LEO price: 2.490222
LEOM price: 11.869999
Mine Value: 1.06 LEO
Hive/day 125.24
Break-Even 3.4 years
The tool looks at current token price, miner price, and mining history of an account to calculate up to the second break-even for Hive Engine miners.
While it works great and is super accurate, there are a few things that will affect the accuracy.
- The tool cannot deal with accounts that own both mega miners and regular miners.
- If you staked or unstaked a large percentage of miners in last 7 days.
- Market sell slippage
Provided neither of these conditions affect you, the tool will give you an up to the second accurate calculation of what the break-even is for a miner. This does not calculate your historic purchase price to factor in your break-even, just what new buyers would be looking at. I have considered adding this functionality to the tool but it is a lot more work.
The tool is really simple to use, enter your account name and select the type of miner you want to analyze, then hit Run.
It will take a few seconds, so let it run and provided you spelt the account correctly and have staked miners you should see the results.
The new tool is web based and can be accessed here.
You can see it in action here:
The tool is provided as is and it is something I just use myself and just hosting an interactive version to allow others to benefit from the information.
Break-even for Hive Engine miners varies drastically, and will be affected by price of the core token, the price of the miner, and how well you do in the random number lottery for the day.
One day a miner might have a 3 year break-even period, another day it might be 6 years, then another day it might be 2 years. It is fairly consistent unless the prices change or someone stakes/unstakes a large percentage of miners.
I tried to add all the Hive-Engine miners that I can support. Some miners have unique criteria that makes it unusable in this general tool.
UPDATE:
- WORKERBEE added
- Adjustable Lookbehind added
- Historic average price added
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Good evening sir, could you read this topics maybe we could listed hive un this interchanged.
I read that AND i do not know if could be posible because it Is necesary do it this un manual form AND i do not have idea how it could be doing.
Thanks AND sorry for bothering.
https://cointelegraph.com/news/komodo-launches-atomicdex-beta-bringing-atomic-swaps-to-ethereum-and-bitcoin
Some people huh ? They don't have any other work :p .
Thanks a lot for this Marky , I won't annoy you regarding this from now on lol .
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A rough guide. Needs to find how much you paid for them too eh?
Well it's not a rough guide, it's 100% accurate provided you don't have both mega miners and regular miners on the same account and didn't drastically change your miner count in the last 7 days. It was never intended to calculate based on your costs, although my other tool is able to do it.
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Got a link? :)
No, it isn't public, it's just a local script.
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Updated the site to display break-even adjusted to actual historic buy prices.
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Nice.
Quite a long payback time in general. Think I paid 100 HIVE for 5 STEMM, and I wonder how long it would take to earn that curating.
STEM Miners were 1.5 year break-even for a while, but with the price coming down it has changed it a lot. Once the price starts going back up it should bring it down a lot. Also a lot of miners (relative to the few that have been sold) have been sold in the last 2-3 months.
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Seems to be missing something?
This only tells me my current miners but doesn't really help me in finding costs and break even on new miners if I where to buy some?
Also doesn't factor in what I paid for the miners. In any case it's a cool tool to see what my miners are making currently.
As stated above, this is just a tool to calculate break-even on market prices. I was planning on combining my two tools that would allow it to calculate based on your price, but this was never finished.
It was designed to see how profitable Hive-Engine miners are under current conditions. If I get time, I can add the ability to see based on your buy prices but it hasn't been a priority as most of my tools are just local scripts.
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I added historic data
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Thanks for hosting it.
Wouldn't it be great if it can use past couple of weeks data at least 4 to get more data set. That would definitely provide much better results.
I already added a variable lookback time, I just haven't rolled it out yet.
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A very helpful tool, thank you!
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Very useful tool, please add also Workerbee. 3.5 years for break-even for LEOM is a very long time in crypto.
Added WORKERBEE.
While 3.5 years (~30% APR) sounds like a long time, you can likely sell the miners for more than paid for at any time, provided it is still around.
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thx, just tried it, the tool pulls historic data for my account for October 2020 instead of more recent 2021 data. why so?
It uses an average of all purchases. If you bought 1,000 at 2 in 2020, and 10 at 10 in 2021, it will be heavily slanted to 2 as that's the bulk of your purchases.
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I mean the mining data is pulled from October 2020 instead of the last 7 days.
This should be fixed now. It looks like WORKERBEE (and LOTUSM, VIBESM, and all new tribe miners) use a new contract and is not capable with the normal way of getting their history.
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Perfect, now it works as expected :)
Oh, you are referring to WORKERBEE. For some reason the Hive Engine API does not report WORKERBEE properly. Some bug in their system.
Thanks for including CTPM!
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Very cool! I bought my miners a while ago and I forgot to keep track of what I bought them at, so this probably won't work out as well for me unless I can go back and dig up that info. I can see how this is going to be really beneficial to new purchasers and those who remember what they paid!
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Amazing post i love u man
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Beautiful💖💖💖💖💖
Let's support this boy with this great project in development, he is from Venezuela.
Bot for Hive-Engine tokens (Developing) - Bot para los token de Hive-Engine (En desarrollo)
https://hive.blog/hive-163521/@raulmz/bot-for-hive-engine-tokens-developing-bot-para-los-token-de-hive-engine-en-desarrollo
Thanks a lot for the tool.
It amazes me the people that not even say thanks but says "HEY WHY THIS DOESNT DO WHAT I NEED". Internet is so weird. :P
Voted!
Thanks! Hive community's intelligence is mindblowing for a regular guy like me! I have never seen a system so grand and complex and still have public access to the creators of the Hive Ecosystem,I've been creating since mid 2018, I never cared for the reward, I liked having my own blog, I had no clue that there was a Hive market to diversify your tokens or really heard about Leo until recently, 2020 ruined my drive to write it wasn't until I was out of work before I sat back down took a deep breath and looked at life, I'm now ready to invest instead of just content creating, once I go back to work I have a whole new gameplane. I started stacking Leo Miners, I couldn't find much to say about Leo Miner other than a handful of basic posts one with a formula to figure out your mining chances that blew my mind, I didn't bother trying to wrap my head around that one, I know as a small stack in mining can be a bit like pissing in the wind, so what sold me on investing in miners with a small account isn't a miners ability to generate tokens it's the resale value, when I read about Leo Miner in old posts people were buying miners at a 1$ a pop. They are now over 3$ and a Leo Megaminer which is worth 4 leo miners is selling for over 30$. If I bought 4 LeoM's its 44 Hive one Leo MM is over 110 hive and it has the same mining power? I guess the MM is a more rare token and limited, or is the Leo Miner under valued. I found your post doing a Duck Duck Go search by the way! I appreciate this information and that awesome program you wrote Thanks!
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