Hive: Monthly Distribution Report Through 10/31/2020: The Middle Class Gets Stronger

in LeoFinance3 months ago

For about two years, I did a monthly report on Steem called "STEEM: Whales Are Losing Their Power....The System Is Not Broken". This took a look at how the distribution of Steem Power changed on a monthly basis. The presumption on there was that the Whales were just getting more powerful when the reality showed the exact opposite. When it came to Steem Power, over a two years period of time, things were flattening out.

Of course, we know that Steemit Inc selling part of the stake each month had a lot to do with it. Unfortunately, as we found out, not enough was sold.

I decided to bring this report over to Hive so that we can monitor how things are going. I am going to use the first chart I have from Steem as the initial basis since Hive has its roots there. The chart is pertinent for all categories other than the Whales since we know that is much different than on Hive due to Steemit Inc.


These are the numbers through October 31, 2020.

Each month I monitor what is going on with new accounts and the amount of MVests in each category. I do this to determine what trends are taking place.

Now that we are at end of month, time to post the numbers again.

I want to thank @arcange for the work done each day compiling these numbers and making the charts.

We will be showing 3 months worth of data for analysis purposes to see how the 90 trend might be.

The first chart is from August of 2017, the month I started on Steem. It is placed here to provide some contrast to see how things are changing over a longer period of time.

Here is the breakdown.

8/1/2017

The total MVests here is 336,932.

On a percentage basis:

Whales 75.44%
Orcas 14.86%
Dolphins 7.16%
Minnows 2.14%
Red Fish .01%
Inactive .40%

8/31/2020


https://leofinance.io/hive-133987/@arcange/hive-statistics-20200831-en

The total MVests here is 263,103 .

On a percentage basis:

Whales 36.95%
Orcas 28.53%
Dolphins 19.18%
Minnows 9.98%
Red Fish 5.37%

The change over that time period is as such:

Whales +.41%
Orcas -1.04%
Dolphins +.42%
Minnows +1.53%
Red Fish +.94%

9/30/2020

image.png
https://leofinance.io/hive-133987/@arcange/hive-statistics-20200930-en

The total MVests here is 267,912.

On a percentage basis:

Whales 38.65%
Orcas 27.52%
Dolphins 18.77%
Minnows 9.79%
Red Fish 5.28%

The change over that time period is as such:

Whales +4.6%
Orcas -3.47%
Dolphins -2.14%
Minnows -2.1%
Red Fish -1.68%

10/31/2020
image.png
https://peakd.com/hive-133987/@arcange/hive-statistics-20201031-en

The total MVests here is 267,915 .

On a percentage basis:

Whales 38.97%
Orcas 27.03%
Dolphins 18.86%
Minnows 9.87%
Red Fish 5.27%

The change over that time period is as such:

Whales +.83%
Orcas -1.78%
Dolphins +.48%
Minnows +.82%
Red Fish -.19%

8/31/2020

9/30/2020
image.png

10/31/2020
image.png

This month, we see the results mixed. Over the last couple of months, the number of Whales were increasing. This could also be a mixed bag. If it is organic, i.e. an account getting stronger, than it is a good thing. On the other hand, if one is simply moving HP among different accounts, than it does little.

The Orcas took another hit although that is not surprising if one did organically more to Whale status. Since the number of Orcas remained the same, that would result in a net loss.

Both Dolphins and Minnows saw their total number of accounts increase which translated into more MVests. They were two gainers for the month, with the Minnows rivaling the Whales in terms of percent gains.

The Red Fish fell off a slight bit, again not a shock considering accounts were moving up at the "Middle Class" level.

On August 31, 2020, the Whales and Orcas 172,279 MVests (65.48% of the total); on September 30, 2020, 177,255 MVests (66.16% of the total), an increase of 1.03%; On October 31, 2020, 176,521 MVests (65.99 of the total), a decrease of .26%.

The big question with all of this is how much of an impact is the Layer 2 options having? There was one on discord yesterday who was discussing buying $10,000 worth of HIVE and powering it up. Instead, he opted to buy LEO to ride that way and hold off on the HIVE powering up until a later day. Obviously, his thought is LEO will appreciate more than HIVE and will end up giving him a greater total for his $10,000.

My theory is we will eventually see the success of Layer 2 translate into the demand for HIVE. As people cash out for profit, a portion of that will likely head back into HP, if for no other reason than to alter the governance situation.

As for the overall totals, the numbers mirror what I observed. The eyeball test is not always the most accurate but there were a number of people posting, at the Minnow and Dolphin level how they attained certain personal milestones.

This certainly is reflected in the numbers. Thus, for one month, the Hive Middle Class got a bit stronger.


If you found this article informative, please give an upvote and rehive.

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A post that should be recurring and bring the state of HIVE power to our knowledge. One thing that I would recommend would be to start the post with a chart showing the required Hive Power for each level. Than the other stats will make more sense for a beginner.

At the moment I have 3,500 HP - am I still a Minnow and where a Delphin level starts?

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Dolphin is roughly 5,000 HP. It is actually a big higher since the levels are really determined by MVest, not HP.

Thus I think the level is actually around 5,100.

Posted Using LeoFinance Beta

Sometimes I also try to know these numbers for knowledge.

Posted Using LeoFinance Beta

what happened to hive seems so dull nowadays is it really active or dying like steemit already

Depends upon what you are focusing up.

Posted Using LeoFinance Beta

Traffic is always low when the price is down, but also, there a lot of activity in communities and apps now that doesn't show up as blog posts and comments.

Many small inactive fish, really a pity. Unfortunately, with Hive at these prices the attraction to post is always lower.

An increase in Hive to $ 1 would increase the number of users from inactive to active by at least 50%

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Participating when your vote drops to less than 0.1c really sucks. Suddenly you can't make comments pay out, and often, your posts don't even pay out because they can't reach 2 cents. It becomes completely pathetic and hopeless. Maybe it has been a while since you tried starting out here from zero, it has become essentially impossible. You can't make money, you can't grow, you can't get seen, and you can only comment infrequently. It's a nightmare for independent users trying to start out.

We see this in every price drop.

However, the majority of those inactives never made it over to Hive. They were gone long before the fork.

Posted Using LeoFinance Beta

We can clearly see the reversal trend happening overtime between the two target dates.

Middle class getting stronger is certainly a positive news, the more distribution, the more diversity and I think, that will bring in positive impact. We need to market the second layer - today buzz sells more than the technology. We have the capability, but we don't sell well.

Posted Using LeoFinance Beta

Leofinance is starting to generate a buzz which will likely attract users.

Other tribes need to get their acts together and start promoting what they have.

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Bang, I did it again... I just rehived your post!
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@taskmaster4450, In my opinion changes taken towards the Use Of Bidbots lead to this Redistribution Stats. Stay blessed.

It is good to see that the middle class is growing even though it is not enough. The important thing is to keep the high.

It is a pity to see that Hive is in this dark period. We know that it is not just HIVE but with this devaluation it ends up discouraging many people. That is why second tier communities can serve as a great alternative to "survive" this lean age.

Posted Using LeoFinance Beta

"Obviously, his thought is LEO will appreciate more than HIVE and will end up giving him a greater total for his $10,000."

Where does the money "made" that way come from?

Can we all "make" money that way, if we all buy the same thing at the same time we'll get rich?

I hope people are managing their funds based on something more than simply trying to maximize profit off the rest of us.

This site needs to pay its content creators properly. For that to happen, the token needs to stop losing 90% value every year. For that to happen, the site needs better content. For that to happen, the site needs to pay its content creators properly....

Any proposed solution that doesn't directly improve the situation for the content-creators is just spinning wheels.

If we can't at least get the basics right, the bells and whistles lose functionality.

That growth is unique and very crucial for a stronger community with sustainability. Agreed that before now, there have existed a big gulf between the whales and minnow class. Now, we see more minnows growing into Dolphins and Orcas. Thanks to tribes that have increased the earnings of the middle-class to help them power up more HIVE.

When the Hive tokens begin to bull, we'll see more of the middle class grow stronger. Personally, I'll be glad to sell off some 20% of my LEO and SPORTS holdings in the near future to build my HIVE stake. The balance is crucial.

Thanks for sharing the statistics.

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I've seen a few people powering up large amounts, which is a very good thing. It is concerning how many large accounts are inactive. Even if they just follow voting trails it can help distribute the rewards more widely. There are lots of good redfish and minnows who need some encouragement.

Vote up the content you want to see more of, not just what gives you the best curation rewards.

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