RE: Learn Leo | How to Calculate Mining Rewards for ANY Steem-Engine Digital Token Miner
this is super helpful, I think many wouldn't have figured this out on their own
I'd like to add 2 great links that makes doing this calculation for any mineable SE token straight forward:
1st check the global properties of the mineable token here:
https://scot-api.steem-engine.com/config?token=LEO
(simply replace LEO with whatever token yoy want to check)
you'll get all the mining properties there even though it's a bit cryptic with the response being formatted as plain JSON, but it should really be self-explanatory:
[...] "miner_tokens":"{\"LEOM\": 1, \"LEOMM\": 4}","mining_pool_claim_number":30,"mining_pool_claims_per_year":8760 [...] etc
then, check the richlist to see how many miners are actually staked:
https://steem-engine.rocks/tokens/LEOM/richlist?sort_field=stake&sort_order=desc
Checking these properties is the minimum due-diligence before buying miners, and you'll want to watch for the max-supply as well!! Your miners might lose "mining power" whenever the tribe simply decides to simply put more miners on the market!!!
Both of those are great tools as well and provide another option for calculating rewards. Thanks for sharing them ;)
Agreed, the bare minimum due diligence. A lot of steemians are jumping head first into any tribe that pops up without doing any due diligence. That's dangerous and poorly advised! Hopefully we see a better approach on their part moving forward.
This is very helpful. 👏
Thank you for the links.👍
I wish I could resteem your comment.🗣
Thank you.
🙏🏻 Peace and Good Health to you and yours.
haha... thanks for the praise!
yeah, resteeming a comment doesn't work... would be a cool feature actually!
but you know what... you could leave an upvote, though... I mean... after all that praise?!?