Why you should be delegating your WORKERBEE miners to neoxianminer?

in LeoFinance3 months ago (edited)

I have been delegating my WORKERBEE to neoxianminer for quite some time. I was still having a few more WORKERBEE's on my account that I recently bought after my initial delegation which I was not delegating. I had been accumulating WORKERBEE tokens little by little. Today I decided to delegate that as well to neoxianminer account. Read further to find out why.



What is neoxianminer?

Neoxianminer is a collective mining pool of Neoxian City. People can delegate their WORKERBEE tokens to this collective mining pool and earn their daily BEE rewards as a share based on their delegation. If a person is mining individually, they will not be able to get any rewards or win any rewards in the mining round that happen every hour if they don't have enough miners staked. The lesser the WORKERBEE they have, the lesser the chance for them to get selected in a round.

That is the reason why we came up with this mining pool. With more incoming delegation, we will be able to become a winner in each round more frequently thus giving us more BEE rewards. Then 80% of the total BEE rewards earned per day will be shared equally among the delegators based on their delegation share. In the remaining 20 percent, 10 percent goes to burning NEOXAG token from the market and 5% goes to the developer fund, and the remaining 5% goes to the server fund.

Neoxianminer is also a witness

Even though the mining pool itself is a good story, the other good thing is that neoxianminer is also a Hive Engine witness now. Till yesterday it was only a backup witness and was earning only a few BEE tokens as rewards. Yesterday the number of Hive Engine witnesses have been increased to 20 + 1 backup witness and 14 witnesses will be signing each round. It was 10 + 1 backup witness before this change where 9 witnesses will be signing each round.

As neoxianminer was a top 20 witness, the frequency in which neoxianminer would be signing blocks has increased. This has given an opportunity for neoxianminer to get around 9 BEE tokens every day for being a top 20 witness.

Extra BEE tokens for the delegators

Now the good news is, the 9 extra BEE tokens that neoxianminer gets are also being added to the daily BEE rewards that neoxianminer is getting from mining and distributed to the delegators equally based on the individual's delegation. Anybody who is delegating WORKERBEE already to neoxianminer would have seen a slight increase in the rewards yesterday. Anyone delegating to neoxianminer should be able to grab those juicy extra BEE tokens based on their delegation.

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I have 10 Worker Bee to send. Just delegate to neoxianminer and I'm in?

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Yes just delegate it to neoxianminer and you are in. 👍

Cool! Done. 👍

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I didn't know about this. Will delegate right away. But question.... how do we delegate tokens? I don't see any option to do that in peakd or in hive-engine

First you have to stake it and then you can delegate it. I don't think you can do it from Peakd but on Hive-Engine, you should be able to see the option available. The option will be visible only if you stake it.

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Found it! Thank you @bala-leo - I now delegated all I have

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There are a bunch of different WORKERBEE pools and the one I delegated mine to is @ph1102's pool. All BEE produced there is split to equally to people's delegation share of the pool. Every week, the BEE is paid out and there is some extra bonus tokens as well.

As for which pool is better, I do not know but I like the current rewards I am getting from my current delegation. The problem with having low amounts of WORKERBEE is that your luck in a lottery is fairly low.

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Thanks for the mention, @jfang003! And thanks for your trust in the PH-Pool!
It's a good thing to have more pools like this one... The competition is always a good thing... ;)


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If you are delegating to @ph1102, I would say you should stick to that. Neoxianminer was there even before ph1102's pool. But it is not going to make a big difference because you already get some bonus tokens there as well.

Cheers! !BEER

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Hey @jfang003, here is a little bit of BEER from @bala41288 for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Thanks a lot bade bhai, that is really helpful I forgot to do that I have 45 now I have done that thanks for the remainder

I saw that you have delegated now. Cheers! !BEER

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Yes I did bade bhai but I have no idea how that all thing work 😬⁦✌️⁩🙏

Today you would have received your BEE share. It will keep coming your way daily.

Yes i did bade bhai .1333 bee I think this is what i will receive 😬🙏⁦✌️⁩

Hey @bhattg, here is a little bit of BEER from @bala41288 for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Bang, I did it again... I just rehived your post!
Week 51 of my contest just started...you can now check the winners of the previous week!

Thank you Bala for your help with these important projects.

Thanks for all your support sir. 🙏

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Check out the last post from @hivebuzz:

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