Setting Up Token Miners

setting up miner tokens.jpg

Last night I went through and made some changes to follow the idea from yesterday's post. The concept is to have 2000 LEO, 200 LEOM, and 20 LEOMM. As I earn more LEO, I would power up 100 more LEO for a total of 2100. Then the earnings would buy 10 LEOM for a total of 210. Then, we would buy another LEOMM for a total of 21. The idea is to keep the ratio of 100:10:1

I took some time to set up my alt accounts as well. One, for example, earns CTP. So, I have purchased CTPM to get started on that same system. Another earns STEM, which has STEMM.

I am curious about ARCHONM. You can't stake it. At least I couldn't. I've purchased a little of that to see what happens.

I also noticed that holding the COM token gets you payouts in other tokens as well.


Leasing LEO

On a somewhat related note, LeoFi.io has leasing available for your LP. I have leased out half of my 2000 LP. As my Hive and Hive Engine earnings are not significant yet, it is something of a losing proposition to put a great deal of time into blogging as a business. The idea is to automate the earnings as much as possible so that I blog more as a hobby than as a means to earn income. This may be a different situation in 10 years, when I'll be contemplating retirement. In the meantime, my holdings will do the work.

I know, I know. It's supposed to be the other way around. You put in the sweat equity at the beginning. Then your money works for you later. Except that, if I'm retired, I would have more time to sit here blogging. And, even then I would still potentially have a couple decades to keep creating content. Plus, I could just buy myself more LEO. I enjoy blogging to earn; but, I don't have to. I suspect many investors on LeoFinance blog for the sport of it. They could probably dump some cash into the system and earn good returns without ever blogging a peep.

Whatever the case, leasing out your LEO is a good way to earn more LEO without having the "pressure" to have to constantly be posting and curating. Yes, you can also automate curation. There is no reason why this has to be a job.

On the other hand, if you are a blogging superstar, you might consider leasing extra LEO to boost your earnings from your efforts. This is a good use of leverage.

Posted Using LeoFinance Beta



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Always insightful posts that increase my understanding of all the possibilities available here inside HIVE. I reblog your posts because they seem like sound strategies. A roadmap of sorts for me to consider in the future when I have earned more HIVE and staked enough tokens to implement to follow the path.

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