RE: How I Increased post payout from 2.5 Hive to 5.8 Hive just by using great tags and writing good stuff.
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Layer 2 earnings are definitely a great way to add to the value of one's account. The combination of tags relevant to tribes you call your own as well as general topic tribes can be powerful as you demonstrated.
The use of mining tokens is a good touch too, so anyone who wants a miner should save up first.
Regarding the math...
Reward x (HIVE/token) = {more or less} (HIVE Value)
But how is (HIVE/token) calculated? That's just the price of HIVE divided by the price of the Layer 2 token, is that correct? I just want to confirm before I do something similar for my own wallet.
Great post, and useful. In addition to the upvote, please accept this slice of !PIZZA along with the only !LUV token I can hand out today.
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@threesteps, you've been given LUV from @magnacarta.
Check the LUV in your H-E wallet. (1/1)
@threesteps! I sent you a slice of $PIZZA on behalf of @magnacarta.
Learn more about $PIZZA Token at hive.pizza (1/10)
Ahh great question. HIVE/token is whatever I can currently sell the amount of token I've earned for on Hive-Engine market. So that price fluctuates. So it's how many Hive it shows the token is worth on the open market.
Let's say that for {Hive/token} that "token" is LEO.
If {HIVE = 0.595},
and {LEO = 0.190},
then {HIVE/LEO = 0.595/0.190 = 3.12}.
Does that result make sense to you? Is this the proper way to calculate {Hive/token}? If it's wrong, how should I calculate it?
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No. It's how much hive I can sell it for.
So in this case, for LEO, the H-E current market price is: 0.30562. That's the current bid here:
https://hive-engine.com/?p=market&t=LEO
So I multiply that by how many LEO I received as a reward to get the value of that LEO in Hive.
If I'd received 5 LEO in reward, the Hive/token would be 0.30562 and the Hive value of those 5 leo would amount to 1.528.
Ah, OK. I was using the USD price of LEO as shown in the LeoFinance wallet page as well as the Hive Engine front page. Thanks for the clarification!
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