PAL MEGA MINER
I was one of the very first people who quickly jumped into the Pal mega miner deal without understanding much about it. As the name suggest, its a miner. I remember during the early days of bitcoin, users who jumped into mining made a huge number of tokens. I thought the same would be true for PALM MEGA MINER so i jumped into it the very first moment i claimed my first pal. I read the white paper twice and saw an emphasis on long term investment. I thought it was to scare off most people so i decided to jump in and make some quick PAL.
I bought 1 MEGA MINER for a try to see how profitable the mining is. I was so happy and enthusiastic about it and waited 24 hours to see my first pal reward. It came to me as a shock that after 24 hours, i had no reward. I waited till 72 hours and still had zero rewards from the PAL MEGA MINER. I finally gave up with the mining when i realized i had mined zero coins in 6 days. It was the last straw that broke the camels back. I quickly unstaked my PAL MEGA MINER tokens and ever since have been waiting for my tokens to come back.
This is my "abysmal" experience with the Mega Miner but its not that bad. I know people who have actually made some returns off the Miners. My story is different and today i share my story and try to explain to the public how the PAL Mega Miners do work.
Source
First and foremost, i deserve what i got. I wanted to earn some pal very quickly that i didnt give in much thought to how the miner was going to work. The miner is just another token on the steem-engine interface that when staked provides a slot into a daily raffle draw. Every hour there is a draw to earn tokens. This is called mining and every token holder holds the same probability of earning. So mining on Pal Mega Miner and and the basic Miner is purely by luck. The profits are not very fast coming and any one who wants a short term investment should think otherwise. Pal is here to stay and reward those who value it most. It will be better to earn through post if you are active than to buy miners to earn coins as most of the rewards are given to the post creators and curators. My personal opinion is to do both as PAL MEGA MINER is a limited commodity. It will come short one day and the need or demand for it will increase exponentially which can be a sell off point.
Join the palnet.io frontend and start earning both steem and pal. You can also join the discord channel via this link
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
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draws every hour :)
Thanks for the correction
Unfortunate you had to go through that experience but thanks for clarifying it for others so they understand clearly how PAL miners work.
Upvoted and resteemed for visibility, cool that you are cool with what happened but i predict with pal users powering down stow to buy pal, we could see that palminer giving you a passive income one day...we will see... in the mean time go on the telegran for the MOM MotherEOS token so we can get a EOS ghana nsd Crypto Cedi created he sai dhe will cover the $50 fee for just 1 - 5%of teh total max supply to distribuet to MOM holders
https://t.me/momToken
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I didn’t get in on the mega mining and it is good to get your feedback. It would be nice for some immediate return on investment even if it was small. Just to give you a little hope you invested in something smartly.
Palnet is such a neat innovation and I hope it works out really well. Good folks
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Yeah just like mining bitcoin, the will to do it wont necessarily translate into success of it happening.
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