HP curation update!
Since the beginning of this year I have been recording my curation income on the Hive blockchain.
On one side to see how an account can grow by just curating posts, by the other side to see how the snowball effect does it work.
Don't expect anything fancy or extraordinary, but it is nice to have some insight.
As you can see the HP at the start of the month, almost did double during this year. I am still aiming on 10K HP before the year is over. To be exact the HP did increase with 83%. To bad my curation related income didn't follow the same line, here I only have an increase of 60%.
Too many mornings that my voting power was close to 100%, which never is a good idea. For sure in the weekend this happens frequently. In the weekend there are just less posts and I also spend less time on the hive blockchain.
This is also clearly visible if I do look at the average HP income per day of the week:
If I do look at the 7 days average, we do see a nice climb. I should be able to have a 7 days average of 2 Hive per day when the year is over.
August so far is on par. Not an increase compared to July and even a drop in the minimum HP curation related income. But luckily still above one.
Cheers,
Peter
Good to see you keep making progress!
It sounds like a challenging goal to reach 10k HP by the end of the year. I'd be happy to be around 8k at the end of December.
By the way: I see you are converting HBD to Hive. Isn't that counter-beneficial now that the HBD price is over $1? I think it's cheaper to just buy Hive for your HBD right now.
NB: I'm actually doing the exact opposite (converting Hive to HBD as long as the HBD price is above $1.05).
Cheers,
Erik
Never thought about the Hive vs HBD conversion. Guess I will have to look into that.
Why would you do that as HBD should be converted to Hive with Hive being so low. When Hive is above $1 then that is the time to benefit. Unless you want HBD desperately it is best to build Hive power and wait.
As far as I understand the Hive to HBD conversion mechanism is designed in a way that incentivizes you to sell the HBD straightaway in order to get the price closer to $1 again. So you don't end up with more HBD, but with more Hive in the end of the process.
But I might be wrong of course.