Expected Value of Steem Monsters Daily Quests [3]

in #steemmonsters6 years ago

Hey guys! Welcome to another update on the expected value of rewards cards!

How it Was Calculated

Before calculating, I had to use the assumption that you can sell your card at the lowest price per BCX. The drop rates used were from @yabapmatt so we know that it's accurate.
image.png

Firstly, I calculated the average cost of cards per rarity, then I multiplied it by the chance of it being opened. I added these up for all the rarities and then we have the expected value of each reward card earned. After that, I just had to simply multiply that value by how many cards you earn from each rank!

Today's Data

The data is sorted in rarity, from lowest to highest. Then the average value of each rarity is calculated, which is multiplied by its chance to drop. This is all then added together to form the expected value of each reward card.
image.png

Today's Average Value: $0.0939

Expected Value of Each Rank

  • Note: this is assuming you stay at the same rank for the whole season, each season has 14 days and you complete all daily quests in the 14 days. Therefore, this estimate is quite high and realistically you aren't going to earn this much.
    image.png

Price History

  • 04/02: $0.0941
  • 07/02: $0.1051
  • 11/02: $0.0939
Sort:  



This post has been voted on by the SteemSTEM curation team and voting trail.

If you appreciate the work we are doing then consider voting us for witness by selecting stem.witness!

For additional information please join us on the SteemSTEM discord and to get to know the rest of the community!

Interesting and logical way to do it for sure! Shows how we can add value to our accounts by just playing which is why it is so great! Even new players have a chance to earn by playing. If we take these potential earnings and compare with the theoretical cost of investment with Started packs at $10. The return is over 300%!

Posted using Partiko iOS

Very cool, I was imagining each card had a rough value of 0.10 USD, but my estimation was just based on visual review of the prices at Peakmonsters.com, its cool to see some data to kind of back that up.

I am definitely playing all my quests and trying my best to earn with this game. As far as I am concerned its a revenue stream. One of two on the steem blockchain.

So far I have just been buying cards, but its part of a strategy to become competitve so I can "mine" free cards, and therefore diversify my income on steem.

thanks for your work on this!

No worries! I'll be posting more every few days :)

Hi @cryptoeater!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.016 which ranks you at #3667 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 221 contributions, your post is ranked at #145.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers appreciate your great work!
  • Try to improve on your user engagement! The more interesting interaction in the comments of your post, the better!

Feel free to join our @steem-ua Discord server

Magic Dice has rewarded your post with a 70% upvote. Thanks for playing Magic Dice.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.037
BTC 94320.05
ETH 3419.91
USDT 1.00
SBD 3.88