My Investment In 5 Weed Mega Miners - 4 Days Report

I invested in 5 Weed Mega Miners on the Steem-Engine platform some days ago and promised to give a feedback how they are performing after some days.

Little Intro About Weedcash.network

For those that don’t already know, weedcash.network was the first UI to come out of the release of Scotbot on Steem-Engine. It has a very committed community that focuses mostly on cannabis related post and their tag is #weedcash.

The more countries continue to legal cannabis use the more a lot of topic relating it is been talked about. From planting and cultivation to harvesting, buying and selling, types of cannabis, best soil for growing it, temperature and climate issues, transportation, easy access to it, fighting legalization in countries where it isn’t legal to use it yet, how to use it, best method of processing it, the abuse of usage.

You name it, topics to talk about cannabis are just so much and weedcash.network has provided a platform for people to do that so I feed it is still in its infant stage and has great potentials to grow and that is why I bought the miners, because I think any investment there now can grow with time.

Weedcash Mega Miner 4 Days Report

To start with, we cannot yet differentiate the difference between the rewards received from the miners and that received from curation. So it becomes difficult to identify what you actually earned as curation. But in my own cause I bought the miners and some weeds the same day, going by the 7 days payout and curation thingy I think that is when it should start giving me a headache to identify which rewards come from curation and which comes from the mega miners. That is why I decided to do a 4 days report as this weeds out any chance of receiving curation before it starts getting complicated.

Weedcash mega miner 4 days report table

Weed mega miner daily reward

Explanation:

Row A represents the price of 1 weedmm which is 18.6 Steem.

Row B represents the numbers of miners I bought which is 5 miners.

Row C represents the cost of the 5 miners which is (C = A * B) C = 18.6 * 5 = 93.

Row D represents the average daily weeds mined D = (20.716 + 17.402 + 16 + 19.84) / 4 = 18.49 weeds.

Row E represents the current price of weed which is 0.09997.

Row F represents the average daily earnings which is F = 18.49 * 0.09997 = 1.85 Steem.

Row G represents the number of days it will take for me to recover the capital invested which is G = 93 / 1.85 = 50 days.

It is clear to see from the tables and the explanation that followed that the 93 Steem I invested to buy 5 weed mega miner (weedmm) will be recover in 50 days time if all things remain equal, but as we know, things never remain the same in real life. Prices keep fluctuating. I however believe it will turn out great as weedcash is progressing and prices go up.

Joining early is the best time to invest as there are fewer weed miners people sold which means fewer people share from the daily quota allocated to miners. Once the number of weed miners sold goes higher, it will become harder to earn as much as one was earning at the beginning.

Note: Please don’t take this as a financial advice, do your own research or contact your lawyer or accountant before taking any decision. If you sight me as your source of information for taking your own financial decisions I’ll say I said whatever I said under the influence of alcohol. Lol.

Thanks for reading my post, like I always say, upvote it if you liked it I’ll truly appreciate that. Keep your comments coming and follow me if you have not already done that. Again, thanks a lot for your support to me always.

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