I have decided a few days ago in a fraction of a second to invest in LEOM (Leo Miners). Only had 150 HIVE in my wallet and bought 75 LEOM at that point. After researching a little bit more and getting some feedback from the community, having such a small investment would bring a small ROI which was disappointing for me at that point. In addition I have looked on my wallet transactions one or two days after staking the LEOM and didn't see any LEO mining. Thus I've thought that the probability to find LEO through mining was pretty low and wouldn't expect to see some shining coins soon.
Having forgotten for few days about that, I was looking today through the new release on the Leo Finance Beta and the nice features brought on top. I read about the wallet enhancements and started exploring it. Looking through the LEO transactions I was pleasant surprised to see some mining rewards, which brought back the joy and confidence of my investment.
So far the economics of my LEOM investment are like this:
Initial investment = 150 HIVE
Exchange transaction = 75 LEOM
Mined rewards = 2.12 LEO
LEO exchange: 1 LEO/0.75 HIVE
ROI (HIVE) = (2.12*0.75)/150 = 1.06%
Note: The ROI will get a boost once LEOM are depleted and their price will increase on the market as well if I decide to sell them.
Join the LEO mining, be a miner and find the precious LEO stones!
Posted Using LeoFinance Beta