You can either stake those HIVE tokens as Hive Power and earn roughly 3% APR from inflation and roughly 8% APR from curation. 🤓 However, unstaking takes a total of 13 weeks, where each week gives you 1/13 of the chosen amount for unstaking (and only up to one unstaking process may be active at a time). 🤯
You may also convert/swap the HIVE to HBD and put the HBD to Hive Savings, where it will earn 15% APR compounded monthly, and there is only a 3-day unstaking period. 😏
Cheers, elsewhere somebody said to keep HP between 10 and 15 which ive done, tho why do that? What happens o not happen if HP is zero or 15?
Cheers !indeed
I don't know why the recommendation is 10 to 15 HP (Hive Power), but I can say that having more HP means more allowable transactions !INDEED on the Hive blockchain (such as publishing posts/comments and sending tokens). 🤯🤓 If you manage to publish a total of about 20 posts and comments everyday, then that will require you roughly 200 HP on your Hive account. 🤓😅 !DIY
So without HP you can't post?
Without any Hive Power, you can publish only between 1 to 4 posts (and no comments) every 7 days because you will quickly run out of Resource Credits (RC). 🤯 RC serves as the "transaction fee" for anything you publish on the Hive blockchain, and that regenerates over time (where a maximum of 5 days waiting time refills your RC to 100%). 🤓 !LOLZ !DIY
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How do you get more HP? i assume RC is in the wallet. do you buy it,or it regenerates or you add funds?
What would be good i think for beginners, is a mouse over text, something like 'if you press this then x', currently i just press stuff to see what happens.
Hive Power is mainly obtained from staking HIVE tokens !INDEED, though other sources are inflation (roughly 3% a year) and curation rewards (roughly 8% a year). 🤔 I remember telling you about this before, so I linked to them on this comment. 😅
!DIY
You can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSYou can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSDo you have to buy HP? or earn it? how you get more HP?
You can stake the HIVE tokens on your Hive account's wallet to get Hive Power. 🤓 You will !INDEED get 1 Hive Power for every 1 HIVE that you stake (in denominations of 0.001). 😏 !DIY
This means transferring something to somewhere else, I guess that's transferring hive to hive power?
Converting HIVE to Hive Power is more of "staking" !INDEED than simply "transferring". 🤔 You can also directly stake HIVE as Hive Power to any other Hive account, not just your own. 🤓 !DIY
Cheers, :-) so i can assume that the hive is not in the hive social network Until it's in HP?
So 'powering up' or 'powering down' is actually taking currency from within to without hive social, yes?
(removed some words cos peakd said so)!indeed
You can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSYou can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATSYou can query your personal balance by
@savvyplayer just sent you a DIY token as a little appreciation for your comment dear @chrisyt1! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATS