The recent slump in HIVE value has caused me to look for ways to diversify my holdings, and DCity.io was a solid choice.
DCity.io 🏙️ Make Hive Great Again!!
Desperation Breeds Creativity 😣
I have been blogging my a** off for far too long, and haven't seen my account increase in value for months, even despite near daily blogging. Not only that, my post payouts are horrendous, rarely every breaking a post payout of $10 (50% for author rewards) once every few months.
It is frustrating to spend 6-7 hours a day creating a Hive post from scratch, then engaging other Hivers another hour, only to earn $5, making Hive the lowest-paying job I have ever had, but unfortunately one of the few ways I can earn money outside of my online Cambodian language classes.
I'm also stranded in Suriname with my family after losing our life savings too, unable to return to Cambodia or immigrate to the USA because of draconian immigration policies and/or COVID-19 regulations. This desparation caused me start rethinking my Hive strategy.
What A DCity.io Surprise 🤯
@FaustoFraser has been bugging me to get into Hive gaming for a long time, and I recently let my daughters (@KidSisters) into the world of Splinterlands, and they have been quite happy to find other ways to enjoy the Hive Blockchain than just creating posts.
Splinterlands requires a lot of gameplay, something I just simply don't have the freetime for. I had a 100 liquid HIVE sitting around for several months, and I know the most value our blockchain holds comes from the gaming side of things. Fausto told me DCity doesn't require a lot of physical gaming time, so I decided to take a risk with my 100 HIVE to see what happened.
"After a few days I decided to calculate my money spent versus daily income ratio, and the results were too good to be true. If my rough mental calculations were correct, my initial investments would pay for themselves after roughly 4 months."
More Skin In The Game 🎲
I power up all the HIVE I earn blogging, so I had no HIVE to invest in DCity.io to experiment a little more. Struggling to think of a place I may have for funds, I remembered that I started a powerdown in my BlurtWallet a few months ago. I took a look and found I had around $31 worth of liquid BLURT, so I sent it over to my Hive-Engine Wallet via BlurtLink to be used for experimenting with numbers on a larger scale than my initial 100 HIVE.
"I decided to buy almost exclusively 1st edition cards, even though not the most profitable, it was a bit of speculation that they may go up in value after printing stops. The numbers were still coming back very good, even when not buying the most profitable choices. Some additional liquid HIVE was invested from post payouts, and now I have 550+ SWAP.HIVE invested in DCity.io"
🤷♂️ Too Good To Be True?
Let's Crunch The Numbers 👨💻
Thanks to HiveData.Space, I was able to quickly pull up the data in a clean and presentable manner.The total amount of SWAP.HIVE I have invested is 553.68 + 3,999 SIM (20 SWAP.HIVE), and that gives us a rough grand total of 573.68 SWAP.HIVE so far.
✷ I have sold some homeless and immigrant cards as well, but I'll leave that profit out so my estimate is super conservative.
From the above DCity Map screenshot I've taken, you can see my daily earnings are 730 SIM, which at the time I right this post, is valued at 3.65 HIVE. So, we can say my daily earnings are 3.65 HIVE for this experiment, although values and exchange rates are always subject to fluctuation.
Although not a huge factor for met yet, once you are in the top 400, you start earning a small percentage of the HIVE earned from daily DCity card sales. This number fluctuates too, but at the time of this screenshot it is 0.100 HIVE per day. That little boost brings us to a grand total of 3.75 HIVE per day.
With HIVE's current value, my 573.68 HIVE investment represents $69.99010736 USD, and it brings in a return of $0.4575075 USD per day. If we divide this up to see how fast I'll get my investment back, we get 153 days. So, in a little over 5 months I'll gain back what I have invested.
I Could Be More Efficient 🧠
I already mentioned that I've focused on purchasing 1st edition cards in pure speculation they may go up in value, at which point I may sell them off at a profit. These 1st edition cards don't bring in nearly the ROI that the newer 2nd edition cards do, and it will have been a foolish investment if that doesn't pan out, but even with these choices factored in, I can still potentially earn back my investment in 6 months.
I don't intend to only buy 1st edition cards, but once I've accumulated 10 of each of the ones that are somewhat affordable, I will move into the 2nd edition cards, and my ROI will improve drastically. I imagine it would be very easy to get back what you put in within 3-4 months if you purchase wisely and only according to hardcore number crunching before purchasing.
Long Live Dcity.io 🏘️🏭🏫
I think @gerber has done something really awesome in creating this game. It's perfect for us busy folks that have little time for proper gaming, and it's engaging, but mainly the ROI is absolutely incredible.
It makes me wish my family and I were back in Cambodia where we can live extremely efficient but comfortable. For $300 a month, we can have a comfortable life there. It wouldn't take more than potentially a $2,000 investment to allow us to live on $300 a month and keep some skin in the game to stay competitive.
A short dialogue I had with @luca-legend made me realize I'm not crazy, my calculations are indeed correct, and one could very easily make DCity.io a big part of their daily bread, especially in a developing country.
🙏 THANKS FOR READING 🙏
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