22 Years Until I'm a Hive Whale!

revisesociology in #inleo • 7 months ago

You may or may not know about the 3% 'inflation' that's paid out automatically to Hive Power every year.

So even if you didn't vote or post and you had 100 Hive Powered Up, you'd end up with 103 HIVE POWER after a year.

That may be insignificant down at those lowly HP levels, but if you've got 100K HP, then that's 3K Hive a year, or around $1000 a year which is SOMETHING!

But even at those levels 3% isn't enough to really GROW yer account significantly, but then again that's not the point of the inflation reward, that's just about keeping level I guess.

But anyway, this is just a precursor to this post, and I've factored this 3% into my models below...

22 years until 580K HP....

That should just about get me to Whale Status, the numbers required keep going up, so it might be another year or two after, but whatever, just shy of 600K HP is massive enough even without the MVEST Whale Label....

This is based on starting with 107K HP (I added more since!) and then adding 1000 more a month, and factoring in that additional 3%....

You can see that after only three years this brings me up to 154K HP. my next significant goal which I guess now means every 50K.

In used this compound interest calculator

Screenshot 2024-05-20 at 08.15.03.png

Compound magic really kicks in later on....

in the last few years of the 22 I'd be gaining 6K additional HP just from that 3% compounding on > 500K HP!

Screenshot 2024-05-20 at 08.15.15.png

A long term goal...

Whether I get there or not I don't know, technological change may mean Hive is defunct by that point, it might mean it's more relevant than ever, but for now it's a nice target to have in mind, and very manageable, I added 2K HP last month alone, so I'm well ahead of the curve ATW.....

We shall see how it goes, it would be nice to get to that Whale Status, just for the hell of it, really!

Posted Using InLeo Alpha

#proofofbrain #hive #neoxian #hpud #crypto #wealth #cent #oneup

7 months ago in #inleo by revisesociology

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ctrpch 7 months ago

Nice work mate, you're preaching to the choir about the compounding way hive works. I have been powering up some hive every day now for over two years and my bags are growing very fast.

I echo your comments to encourage people to build their accounts and not sell out quickly.

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revisesociology 7 months ago

It's amazing how it starts to accumulate very quickly once you get about certain milestones! One just has to keep on stacking!

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hoosie 7 months ago

Only 22 years - that's not too bad ! I don't want to do a similar calc because I'm definitely behind you, so I'll be way more than 22 years !

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revisesociology 7 months ago

It does help having a nice stash to start with, maybe now's a good time to buy even more, always hard to call that!

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videoaddiction 7 months ago

Regarding Curation APR, it is mostly over %10 passive income per year ;)

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revisesociology 7 months ago

I'm still amazed more people aren't getting in on Hive, it's one of the easiest returns in the crypto space!

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videoaddiction 7 months ago

Especially HBD. No financial instution would pay %20 interest for an instrument almost equal to $1

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revisesociology 7 months ago

True, it's really very attractive, keep the faith!

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fieryfootprints 7 months ago

I would love to be a whale. At that point I maybe could live of curation and grow my account from author rewards. But I think that at most I will reach an orca level.

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revisesociology 7 months ago

You never know, Orca may well be enough to live off going forwards, then again being a Whale may not be|!

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theringmaster 7 months ago

Wow good friend, reaching Hive Whale status is an awesome long-term goal I believe and I'm also having that goaI. I love the idea of setting targets and seeing where technology and the market will be in 22 years. Keep pushing forward good friend

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snoopgoat 7 months ago

Hope to get there too!

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steevc 7 months ago

I was assessing my status too. I'm about a fifth of the way to whale, but it is likely to take many years. I could probably add 10% per year just from curation, but the inflation will not actually get us closer as the threshold moves too. You would need about twice as much in 22 years.

Power does bring responsibility. I feel I have to use my voting power well for posts, witnesses and proposals.

Despite the stagnant price a lot of people are earning here and it makes a difference for some. I don't see anything else quite like it out there. I'm sticking with it.

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revisesociology 7 months ago

Do you think so... 10M HP in 22 years?

Surely it's not moving that quickly...?!?

Whether we make it or not, onwards and upwards anyway!

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steevc 7 months ago

3% compound increase will double the value in about 23 years, so I think that's right. That seems a long time, but this blockchain is already 8 years old. I will have been here that long in a couple of months.

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revisesociology 7 months ago

Getting old, my friend!

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bitcoinflood 7 months ago

The 3% honestly seems kind of wild to me I'd rather that 3% be in curation rewards. Not sure anyone locks up their hive for 13 weeks for 3% and sits on it lol Unless you got millions maybe. But being that curation is a big part of the user base here on Hive for the moment and most likely for a while it would seem fitting that those active should be rewarded. Not sure if 3% would have any meaningful impact though.

It is pretty cool to see things compound and hive has a bunch of options to compound. You can do one or you can do all and if you do all it really starts to add up.

For example if you power up hive say 100k and also do full curation each day you're looking at something around 9% - 11% which would be 9,000 - 11,000 hive per year. It's still not something you could live off of but it's a decent chunk (If hives price would increase to $1)

In any case the first goal is always that first 100k even in the fiat world as you really start to take notice to the compounding interest at that point. Again what's cool about hive is there are various things you can do in order to reach that 100k Hive faster.

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revisesociology 7 months ago

It's why I keep the faith - it's such an easy earner, and doesn't take that much of a Vest to get to that 100K - and it's pretty significant once you get there, not a main income, but a VERY nice side income! I mean combined with writing it's 25% of a living wage, just for having a bit of fun!

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cryptoandcoffee 7 months ago

I am at just over 120K HP and would like to think we are not talking decades to reach Whale stake. I was crunching some numbers and think it is doable in far less time and more like 15 due to the stake rising and curation rewards increasing. The obvious one is to convert Hive to HBD and move it back when prices are in your favor which could see you get there far quicker as in the next cycle if you play the cards right.

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revisesociology 7 months ago

Yes fair point, my figures are assuming everything stays very level, I hadn't actually factored in the increased curation returns. I guess in this model it means you'd be able to take more out on the way up.

TBH I do these posts more as pointer to how easy it is to grow, and sort of as a dig at people who just cash out more than they earn!

As far as I'm concerned if you're not growing your account, then just fuck off the platform.

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cryptoandcoffee 7 months ago

Likewise I try and inspire others to grow their stake. if you cannot grow on hive with all the various avenues of growing your stake then there is no hope. Those taking out will regret their actions because at some point it won't be this easy and then they are cooked because they offer no value.