RC Delegations Just Freed Up Over 800 HP For Me

in #hive-1679222 years ago

You must be tired of how many times I've talked about RC delegations recently, before and after the hardfork.

But this is a little optimization I've done for my accounts which freed up over 800 HP which I now use for voting (for example, on you, if you take the time to comment on my posts).

As soon as I found a tool that handled direct RC delegations (now there are many of them, including PeakD), I delegated the estimated necessary RCs to all the accounts that had any HP assigned to them and were only using RCs, not the voting power. Actually, I delegated more, to be sure I'll have enough and because I have plenty RCs.

Right after that, I started the undelegation process for all the HP assigned to these accounts. Today, these HP delegations returned to the mothership.

It's something like 835 HP. Not an impressive amount, but why waste it? I immediately delegated it to this account, from where I do my curation.

image.png

This should apply to you especially if you have dedicated accounts for gaming or renting out cards.

It may partially apply if you have accounts that are dedicated to tribes. If you only use those accounts to vote with one or more tribe stakes you have, and you do your HIVE curation from another account, then there is no need for these accounts to hold HP. Only RCs. Unless you specifically want to add a little HP curation with them too.

Likewise, if you have an account that only has Hive-Engine token holdings (of all kinds, from tribe tokens to NFTs, from income/dividend tokens to diesel pools), you don't need HP for that account. Only RCs for the custom JSONs. Same if you have tokens on the DLUX sidechain (i.e. DLUX, LARYNX, SPK, DUAT, etc.).

If you post with an account, you don't need HP. You need RCs. You need HP to vote. To curate, to vote for witnesses or DHF proposals. That's it. Of course, HP gives RCs too, but it's a waste to use it only for the RCs.


Now that the direct RC delegation is here, I'm wondering how soon will there be until we'll get some services that:

  • request HP delegations, return the equivalent RCs, and offer a small return (pure HP curation services)
  • request direct RC delegations and offer a return
  • request HP delegations and offer a significant return

The first type of service would be interesting for someone who needs (lots of) RCs, already has HP, but it's not interested in curating. The service will not have a high return but it could have a high influence on how the reward pool rewards are being distributed, thus this is something that will be carefully watched.

The second type of service is the one most people are waiting for because from a relatively low amount of HP upwards, RCs are in excess and people would love to get a return for what is in excess for them. On the other side, there are and will be many businesses requiring more and more RCs.

The third type of service would be a combination of the two above. As a consequence, the return should be significantly higher too.

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I think it's a better model overall because it allows people to consolidate their VP. However, I wonder if there will be an RC market. I don't really think there is a need for one right now though.

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I think it's a better model overall because it allows people to consolidate their VP.

It's more than that. It allows us to use the two benefits of holding HP (RCs and voting power) separately. Until the hardfork, they were almost indivisible.

However, I wonder if there will be an RC market. I don't really think there is a need for one right now though.

Right now probably not. The bear market is on the way. :) But as the bull market comes in, we'll probably see how the demand for RCs explodes.

I am going to read this again in a while just to make sure I understand. Thanks for sharing.

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Let me know if you have questions.

That is awesome. RC only delegation is the way ✨

I agree.

You know what? This post reminded me of one of my small accounts that I rarely use much anymore. Just took a look and my last post there was 5 months ago (time to write a new one). But you make a very good point on what to do with accounts such as those so that they don't lie fallow.

Thanks for pointing that out with ths post. It gives me a chance to rework some things in order to optimize my presence here on Hive. :)

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Oh, I have a few accounts where I stopped posting a long time ago. I just focus on this account now for posting. Posting daily here seems more than enough for me.

I'm glad my post made you check your other accounts.

Thanks for sharing this. Indeed this method of delegating RC is better than committing the HP.

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Exactly.

Thanks, I have 800 HP delegated to my rental account that should come back to the mothership. Where can I work out how much RC I need?

Here's a reminder to claim at least one Account Creation Token using your Resource Credits, because your RC is already above 97%. 🤗

Thanks! !ALIVE

Looks like the first ALIVE command you used yesterday was for me, where you still had 19 remaining ALIVE tokens to tip for that day. 😅

hahaha !ALIVE

@savvytester! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @mypathtofire. (2/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Here's yet another reminder to claim Account Creation Tokens again using your Resource Credits, since your RC has already been at 100% for several hours. 🤗 Maybe claim 3 tokens at once, so that I don't need to remind you often. 😅 !LOLZ

!LOL Not sure what I will do with these tokens though.

You might decide to onboard your friends to Hive by creating Hive accounts for them, or create another account for yourself (usually for tribe curation purposes). 🤓 !LUV

!LUV Here's a friendly reminder again to claim Account Creation Tokens with your Resource Credits which is more than 97% right now! 🤗

You currently have about 26,800 Hive Power worth of Resource Credits delegated to the #YouAreAlive Hive account that you might want to increase so that you don't need to claim so many ACTs that you don't know (yet) where to use. 😏

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At least that's what she wrote in her diary.

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@savvytester, I sent you an $LOLZ on behalf of @mypathtofire

Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
(3/10)

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@mypathtofire, I sent you an $LOLZ on behalf of @savvytester

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(6/8)

@savvytester! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @mypathtofire. (1/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Depends on how much you use. You can delegate in any increment and delegate more if you run out.

I gave it a go and so far is working great 🙂

If you are looking for a ratio (although it shouldn't be a fixed one), Splex says it's 1mil RCs for 1 HP.

i delegated 2,647 billion. probably too much then! lol

I estimate that you need just about 150 Hive Power worth of Resource Credits (equivalent to 150M of RC) for your usual posting, commenting, voting, and trading on Hive. 🤓 !PIZZA

!LOL

It would be okay if you give my comment an upvote (even a tiny amount) instead of trying to comment only a tip token command. 🤗 That way, I won't need to think of a reply to your very short reply. 😅

Have some !PGM with !LUV! 😁

!LOL I will remember that

@mypathtofire, @savvytester(3/10) sent you LUV. | tools | discord | community | HiveWiki | NFT | <>< daily

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


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She is stunning.

Credit: reddit
@savvytester, I sent you an $LOLZ on behalf of @mypathtofire

(1/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP

Nice cleanup! More curation rewards are on the way!
I have tried to do something similar with my "tribe curation accounts", but I forgot that hive.vote doesn't work if you don't have a certain amount of Hive Power... So, I had to re-delegate again when I noticed that... lol...

Oops! I haven't thought of that. How much did you delegate for them to work with hive.vote? Although maybe hive.vote might need an update for this requirement, now that RC delegations are possible. @mahdiyari

I think that "fixed" voting works with 15 HP, but for a "smooth" experience, I have delegated 30 HP for my "more important" accounts ;)

Thanks.


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Interesting mate enjoy your freed delegations
Thanks for sharing this info
!ALIVE
!CTP
!BBH

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@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (6/20)

Thanks, Ben! I already am. :)

Awesome mate have the best weekend
!ALIVE
!CTP
!BBH

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (12/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (5/20)

Thanks! You too, Ben!

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (10/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Interesting, but I'm just starting to understand delegating HP, don't even know how much RC I have or where to find it. This is new learning for me for sure.

!CTP

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You can see how many RCs you have if you hover over "Stats i" in PeakD:

image.png

Or from hiveblocks.com/@username.

Thanks! I'll check that out.

!CTP

You're welcome.

That's a nice move! Now you have a more concentrated curation account.

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Exactly. I wish I could do the same with the delegations I have to a few services, but they use them to curate as well. Not sure if all of them use the RCs though.

That's the pull :) Kinda hard to take away the HP delegations to those who curate and generally help the majority :)

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Kinda hard to take away the HP delegations to those who curate and generally help the majority :)

Exactly. :)

Very good information, Adrian.
Thanks for explaining this; I appreciate it.

!CTP

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I appreciate you dropping by, John!

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What ratio are you using?

For example if you had 10 HP delegated to an account, how many RCs are you delegating in its place?

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I delegated more, but Splex says on their site that 1 HP = 1mil RCs. This isn't a fixed ratio, they probably used a higher amount to get people covered.

No, definitely not tired of it at all, @gadrian. Because there is so much to learn about RC delegation vs. Hive delegation and the impact they have on an account. And it just occurred to me that I have yet to claim SPK tokens in my other accounts. 🤦‍♀ Better start this next month.
!CTP
!ALIVE

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Ok, glad to hear these posts are still needed.

And it just occurred to me that I have yet to claim SPK tokens in my other accounts.

Ouch! And I've talked about that too, claiming your LARYNX for ALL your accounts. :)

LOL! As it turned out my other accounts didn't have enough in them to get any LARYNX.
Oh well! Wouldn't have known had I not checked.
Enjoy your day, @gadrian😀
!CTP

@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @lisamgentile1961. (3/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Good Morning and Thank you, @youarealive! Enjoy your day.😀