Monitoring Your HIVE Growth
On the HIVE block chain we are very spoiled and fortunate to have so many growth monitoring tools which do help to keep you active. If you know you are growing you are more likely to continue showing up each day and why it is a good idea to track your growth. This is a very good habit to have and I am sure most accounts who have grown over the years have all monitored their growth at some point.
The HIVE Real-time Wallet Dashboard is a fun live wallet that has it's dials continuously spinning every time a block is produces with the numbers going up reflecting the HIVE APR rewards being added to your stake. The APR is currently 3.09% and this is self explanatory when you see this in action and highly recommend anyone who has not seen it take a look. Learning how your HIVE account grows from all the various faucets besides the rewards earned from posting and commenting is important to know.
The obvious tool for growth to just monitor your HIVE Power on HIVE Stats and just to see how each week is going. When you are active you have rewards coming in daily and that is the key to unlocking consistent growth. Time and more time being consistent will see your stake grow.
The curation rewards that you earn are determined by the HIVE Stake also known as HIVE Power and also by the Vote Power percentage you have. A good piece of advice is to try not go below 80% as it takes 24 hours to charge 20% at 0.83% per hour if you want to be exact.
I just noticed whilst doing this post my vote value has risen to 7.67 HIVE per 100% vote of which I earn 50% and those I am voting the other 50%. This is decent growth as the last time I had checked 12 days ago this was 7.5 HIVE per 100% vote. In real terms this is a .14 HIVE increase in earning value per vote so 10 votes per day at 100% is 20% of your Voting Power used. This is a 0.7 HIVE extra earnings added daily to the wallet via curation so in real value is an extra 255.5 potential more HIVE being earned and 255.5 HIVE being rewarded to other users. This is a prime example of how you can see real time growth as these numbers will just continue to rise as you keep on growing. Maybe I can achieve an 8 HIVE vote value sometime next month as you just never know as growth speeds up the more stake you have.
I have only delegated out just under 1.6K Hive Power as I do think you are more valuable to the community controlling your stake and not giving it to someone else to cast a vote on your behalf. Dropping a comment and upvoting a post or comment having some sort of HIVE value is a growth tool so why reduce the chances of your account growth by delegating that away? I see too many accounts with no real vote value as they have delegated their HP trying to earn HIVE rewards or secondary tokens by not doing the work themselves. This is kind of crazy as you have now risked your own HIVE account growth.
Posted Using INLEO
Beautiful! You just kept growing and powering through! So impressive!
The only way that works.
I fully agree with the vision of not delegating HP....
And the reason for this is linked to our active contribution in the chain (I have not even delegated to our daughter community @fulldeportes, for the same reason).
I think commitment is demonstrated when you have full control over your actions in HIVE.
Regards.
160k hive O.O. I used to control my stake more but then I delegated it since I've been busier lately and didn't have as much time to go read thru everybodys post. I don't think it's completely crazy. People give their money to mutual funds and let the professionals invest~
True ,but you do not earn as much this way.
that's true but hey it's better than losing money which is like most of the retail investors
I think my peak was around 30k HP once upon a time. I drew down to go get Splinterlands stuff. I drew down to buy a camera lens. I don't regret either of those things (even though I'm no longer a holder of any Splinterlands items) - and I now see it as a challenge, with my own wisdom, wit, and writing - to propel myself back up above that number.
I understand it will only come with hard work, good content, and thoughtful insights.
The secondary tokens are rather worthless, I've been unstaking and moving them into swap.hive (and a tiny bit of sps (<100) - making me a liar of my first statement - but the remainder of them is something like 0.3 swap.hive, which really shows that a lot of the secondary tokens hold absolutely no value.
The value they derive, though, is the communities that they build. I remember some time ago that there were rumblings / musings that those layer 2 rewards should be sufficient for people to contribute content to the blockchain, and while people who create will create regardless of there being an incentive to do so or not, I'm pretty glad that didn't eventuate.
I am not delegating and hoarding it all myself. I like to be able to decide what I am going to upvote.
Thank you for sharing, I found this to be quite informative and helpful. It is interesting to see how your voting mana shifts after every vote, and I appreciate the tip about keeping it above 80%. I never really understood why people would delegate large amounts to other accounts. Are the short term rewards really that substantial that they feel it is worth it to slow their own growth?
No the earnings are not worth it and I would say many are trading their stake with the idea of getting support in return. This is a sure way of slowing your growth.
Ah, that is an interesting insight. I never considered people might be doing it to attract support, but I guess that could potentially get someone's attention.