My Result in mining LEOMM in 12 Hours! | 12 LEO
Last night, I decided to invest in LEOMM to test out how this investment would go. We never know until we take action, just like what I did with the PAL coins in mining PALMM. I was pleased with the result, so this time I will try mining LEOMM.
I bought 50 LEOMM with 300 Steem. Right now the cost is 6 LEO / Steem.
This time, I decided that I would take note of the time of the mining so that I can track some records.
Now almost 12 hours is up!
I took a look at my Steem-Engine wallet to see whether there are any LEO coins to claim.
It is 12:10 AM my time here which means that it is almost 12 hours already.
There are 12 LEO for me to claim. All this is from the 50 LEOMM I staked.
Is this good or bad? I suppose we can't really judge a coin by one day of investment, because we need to look at investment as a long term goal. At least, I know the mining is at work and that I am getting some results!
In the past week, many people asked me about why they are not getting PAL from their PALMM. I really do not know the answer. In my case, I staked 18 PALMM and I was getting some PAL returns. It seems to me that those who stake very little like 1 PALMM or 4 PALMM, they are not getting much result. I don't know if it has to do with the volume of PALMM that you stake.
So this time round, I decided to keep track of the mining of LEO coin while we still have these next days to do so before LEO site starts paying out post rewards. Right now, I can still confirm that the LEO coins that are in my balance comes from the mining in LEOMM.
What about you?
Are you mining LEO with LEOMM and what are your results?
We can compare notes.
Rosa
@rosatravels
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The more LEOMM that people buy, the more ways the mining pool pie is split up... Shhhhhh! Just kidding. Good job getting the word out there. The more money pouring into miners, the more successful the project (and STEEM) overall!
🤭Yeah... we need to try out different things to create that path of success.
Woot! Congrats. Glad to see that you're getting some results from the miners. Yeah I've heard some complaints as well about the PALMM. Having too few miners will make it hard to gain anything.
The thing that I remind people is this --> if you have 1 miner, then you didn't invest much to get it so when you do eventually get a payout, the Return on Investment will be high relative to your original investment.
On top of that, you should be able to sell the miner back to the market at cost (or just a few cents below)... if they sell out -- which is my ultimate ambition -- you'll be able to sell them back to the market at a premium.
The reason why I priced LEOMM at 6 STEEM is to combat the issue of having too few miners... That way even smaller investors can pick up 10 miners and maybe have a better chance comparative to PALMM. I want everyone to be happy ;)
Would love to see some charts/data about how your mining adventures go with LEOMM. I think the Steem Engine team is working on a solution to separate mining rewards and author/curation. Hope that happens soon!
I am looking forward to actually tracking to see what the 85 LEOMM I have do over a 24 hour period.
Me too! Please make a post about it 😊
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Good idea
Hey @khaleelkazi, that is a good idea to keep the daily stats and to do charts to monitor the progress. That's what investment is all about. I will do that with this account for the LEO community since LEO community is interested in this topic. I will use my main account to do 'promotion' for LEO since all my followers is there.
Thanks for sharing this first up on steem leo was looking for a post like this got lot of details thanks for covering this up :)
Since this site is about investment, we need to do some data work here. It is part of the strategy in investment.
12 LEO in 12 hours? That is pretty awesome. Hopefully it can stay pretty consistent like that for you.
Yes, for the first 12 hours is pretty awesome. It is now almost 24 hours, but only 5 LEO this time. Hey, I see that you put more LEOMM in. Would like to see your results too.
Hi Rosa,
How long did it take to unstated your miners and move them to your new account?
How long did it take to unstated your Leo and move it? Or did you delegate your Leo coin while still staked? to the new account.
I see an option to delegate SCT miners but the other miners.
Thanks
Hey @shortsegments, I didn't unstake my LEOMM. They are still in my main account, so I am watching the development from my main account.
As for delegating LEO coins to @rosacoins, yes, that was immediate. You can delegate them staked and there is no waiting time there to the new account.
Hi Rosa
That’s what I thought. It seems to take 5 days to unstake coins, but fortunately you can delegate.
I noticed that SCT coin is a steady gainer. Yesterday it was between 3-4 Steem. Very impressive and people are still buying coins and miners. It seems to be the only coin which allows you to delegate staked miners. This is very interesting as I have 40 SCT miners and I get very few coins. Perhaps the founders of this coin were cryptocurrency miners in real life and understood the concept of mining pools? I think I will create a mining pool with a new account. I think this is very exciting and I find what your doing exciting also. It’s wonderful that you are willing to share your experiences with these new coins.
Yes, these are early days as we learned about these mining coins on Steem Engine. We sort of learn by getting involved. And it is good if everyone shares their experiences so tht we can compare notes.
Do one have to stake the LEOMM?