A guide for beginners. Blockchain made easy. Thank you @theycallmedan for this great initiative!
How to make money on HIVE:
- CONTENT CREATION:
- Just like on conventional social media platforms -> Sell things, Giveaways, contests, Advertising, Sponsorship deals, Donations
- Important: present Quality content, be consistent and active, create connections with others.
- Interact with people with whom you have things in common.
- Try to catch the attention of those with a lot of voting power and influence.
- Tip: specialize your account and build a community of followers that love what you post (create a niche).
- Try to make individuals interact with your account, tag it and spread your account through the platform
- UPVOTING & COMMENTING
- HIVE Rewards pools: distributed based on the VOTES that are given out every day by the users. Therefore those who receive the most votes from the biggest holders of HIVE Power may receive the most new HIVE tokens.
- When you delegate HP to others, you get a dividend from 50% of the total Hives collected in that post
- Also...
- Post, comment and vote on a daily basis
- Interact with diverse platforms
- Comment and show kind support to other users
- DELEGATIONS:
- The “passive” way to earn
- It works by you lending your HP to others, which then use it to interact, upvote and comment. After a week has passed, you get a dividend out of there.
- Also, you can take back your delegations whenever you want, just keep in mind this action will take a few days to complete.
▶️ 3Speak
Sorry, but that is just not correct. You don't get any dividend after a week if you delegate.
You get nothing. That is why there are delegation services like DLease. The delegatee (receiver) needs to pay up front, and the service pays out a daily amount to the delegator. The service is the middleman that automates the payout.
If I just delegate you any amount of Hive Power, I get literally ZERO return on that.
I'm curious about delegation. Looking to delegate around 1000 Hive. Whom would you suggest as a safe, short term investment & might I make any money off of it?
There are people who want a delegation. And delegators can fill those requests (called leases).
The site makes money of a small fee that is added to the amount that the requestor will pay.
If you fill a lease there, you get a daily payout.check out https://hive.dlease.io/market
Many thanks, for the prompt and helpful reply. Off to check it out, Luddite that I am, hope I can figure it out & make a clever choice :)
You can get 12.69 HIVE for leasing out 1000 HIVE for a month (152,28 for a year). The fee that they keep is 10% I think.
The APR (applied to a year) is 14.04.% for doing nothing other than letting your money work for you. I'd say that is a good deal if you are not a good curator or don't have the time.
I’m sorry I don’t understand the math... Is that 12 Hive per day, week, month?
I signed up & cancelled (losing 24 Hive).
How did you lose 24 Hive, I am not sure if that is even possible.
What do you mean with sign up? You just need to login with keychain and fill a lease on the site.
Why did you cancel?
12 per months with a daily payout of 0,46.
So, 144 hive a year?
Phew 24 Hive was just returned to me:
Received from dlease23.990 HIVE
20 hours ago
Your request was successfully cancelled, you get your 24 HIVE back. We deducted a cancellation fee to pay for the memos of 0.01 HIVE! If applicable, try resubmitting with a higher APR and split your request into easier to fill chunks of 1000 HP or less. Visit https://dlease.io/market to see the top ranking lease orders you may need to outbid.
Thank you, for your patience with me,
@ew-and-patterns
Checked it out & it looks like what I'd make in 4 weeks is less than fees I'd pay...
"When you delegate HP to others, you get a dividend from 50% of the total Hives collected in that post"
When you upvote, you get about 50% of the voting power back that you added to that post (if you voted after the 5minute mark). You also earn parts of the curation rewards of that post, so your total return can be bigger than 50%.
The passive way to earn (delegation) is to sell your voting power to another user who wants more influence on the platform. He will pay you through a delegation service like DLease. Without the agreement to sell voting power, a delegation gives no dividend (return on investment) to the delegator.
that's was a nice guide for cryptocurrency beginners
I love this video!!!!