SteemLeo Miners...Meet Flipstar - Part 2
Today's event will go down in the SteemLeo history books. In the early hours in the morning @flipstar bought the rest of the LEOMM sell wall. @flipstar bought the remaining roughly 3540 LEOMMs (Steemleo’s digital mining tokens), which means the price of the LEOMM will now be decided by the Markets.
But that wasn't my initial thought or concern, I was thinking how does @flipstar 's purchase affect me. I'm not going to front, I was caught off guard, as I was going to at least double my stake in LEOMMs. So early today I attempted to assess my ownership and chances of winning some LEOMMs before and after the LEOMM sell wall disappeared.
This initial assessment was to get a gross idea of whether I should hold or sell my LEOMM
Statistically, it doesn't look like a significant impact, but my gut was telling me otherwise. So I did what any other engineer would do and went down the rat hole of numbers a bit more. I tracked the last 18 hours since that big purchase was made to see who actually mined LEOMMs among the top four holders and myself.
NOTE: I extrapolated the last six hours.
So on avg., each day the top four miners and myself will mine the following LEOMMs:
So on avg, each year the top four miners and myself will mine the following LEOMM
Now please note, the data is based off of only 18 hours and I'm sure if I kept track of the numbers over time, the data would be a lot more accurate. I only wanted to attempt to see to what my ownership would equate to in actual mined LEOMMs.
As you can see, the difference in ownership between me and @flipstar is 14X, but the difference in mined LEOMM is 24X. Thus, more mining power, the more mined LEOMMs one can expect.
So if the LEO price didn't move and stayed at $0.02, it would take me 4.5 yrs to breakeven. However, if the price of LEO increased 5X, my breakeven would be under 1 yr.
The next step in the process is to figure out the value of an actual LEOMM in the future. However, that will be for another post.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
I would argue that you are already break even. Also way in the green as mining got 25% more expensive which makes the mega miner more valuable.
Also the Leo you mined is compounding itself as well through bigger curation rewards.
With this many normal miners left the mining still can change quite a bit till they run out completly though.
Looking forward to your calculations of the future value of the miners though.
Thank you for posting from the https://steemleo.com interface 🦁
A historic moment indeed!
I will have to put pencil to paper yo calculate glipstars cost and current ROI, plus time to break even.
Well with the Bitcoin halving and the inflation rate of fiat we all use to measure value I see a rising tide for all cryptocurrencies and tokens in you're investment might reach break even a little sooner than you think :) All the best!
I am not good at math. But I know I can sell now at market price my small amount of leomm for a nice profit of about 30%. Plus I have already made a few Leos already from them. Not bad for just a month old investment ;)