The 6 million dollar Question Lately: How many PAL do we get from mining 1 PALMM?
Lately, a lot of people have been asking about the mining of PALMM.
How many PAL coins do we actually get from this mining?
Nobody really knows. So I decided to test this out.
Since I have been receiving a lot of DM about this, I decided to create a post on my experience with PALMM.
Price of PALMM
- For 1 PALMM, it costs about 100 STEEM
My Experience
About a week ago, I bought 5 PALMM (costing 500 Steem)
I saw that I was receiving about 8 to 16 PAL in 24 hours.
Seeing that it is very difficult to get PAL upvotes in our posts, I decided to mine more PAL coins.
3 days ago, I put in another 5 PALMM (costing 500 Steem)
So I now have a total of 10 PALMM to mine PAL coins.
3 Days of mining PAL with 10 PALMM (1000 Steem)
Yesterday, I took a screen shot of the results I have for mining 10 PALMM. Today, I started getting PAL author & curation rewards so I will not be able to tell where the PAL coins come from.
But the following screen shot is an accurate picture of the PAL from the 10 PALMM:
For the last 3 days, I got about 78 PAL
This means each day I get about 26 PAL
26 PAL from 10 PALMM
So my calculation is that if you are mining 1 PALMM, you will get about 2.6 PAL a day.
Price of PAL has been going steadily up!
It is now .377 to 1 Steem
So if you mine with only 1 PALMM (100 Steem), your return is quite high for 2.5 PAL/day
It comes to almost 1 Steem / day for 100 Steem!
This is pretty good for doing nothing!
Please comment below and tell me what you are getting for your staked PALMM mining
In this way, we can get an overall picture of this great mining of PALMM!
Rosa
@rosatravels
Thank you for reading this post! If you like the post, please upvote, resteem and comment.
谢谢你的阅读！希望你喜欢。如果你喜欢我的分享, 请点赞并跟随我。
Thank you for sharing this information.
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I think the more palmm you staked the more luckier you will be when receiving pal token. I staked 1 palmm and gave received up to 10 pal so far and some didn't receive at all. Still planning to stake more and hold for a long time. Thanks for making up this post. Most wíll grab some information through it
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Yes, probably the more you stake, the more results you get.
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I read somewhere that there is a finite number of minable PAL each day (560 or so but don't quote me), and so the more PALMM (or PALM) that are staked, the more this total will be divided out amongst the miners.
I un-staked my 1 PALMM and 3 PALM the other day and will likely sell these for PAL to stake directly.
Thanks for doing some calculations on the current state of play - for now it seems like a reasonable investment.
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It seems ok for the time being, as long as the pal coins are going up.
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Hi
When you say stake directly, do you mean pal net pay you to stake the coins in your wallet?
Thanks
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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Hi @rosatravels!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.714 which ranks you at #126 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 127).
In our last Algorithmic Curation Round, consisting of 158 contributions, your post is ranked at #7.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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Dont forget though, not too many people have miners right now which should increase your mining results. There is a set amount of the inflation reserved for mining, so it's a zero sum game. That said, I believe anyone willing to be vested into PALnet for years to come should definitely be a buyer of the miners. Myself included! One benefit of this token mining mechanism is the fact that these miners never get outdated unlike say equipment use for mining other cryptos. You could probably resell these miners for near what you bought them for in the future. And of course no input costs in their operation is a key factor.
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Yes, definitely. Great info you have here.
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about 1000 days of inaction and you will return your investment)) Lol
Thank you @Rosatravels for this useful calculation!
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Thanks for sharing this with us. I'm thinking about buying a PAL miner, but I couldn't find really much information about it. Your post helps to get at least a small impression of how much you can earn . :)
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Hi Rosa
Thank you for the information.
I bought 2 Palm megaminers.
I stake them two days ago, but no PAL yet.
I wonder if the number of miners is to small?
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I started with 5 PALMM. I also heard from other people buying only 1PALMM with no results. I suspect that the numbers do matter. Because I saw results with 5, so I added more.
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I think you are right. I have 2 Palmm and today I hit 10.67 pal
I will try to buy more.
The price has gone from 33 to 100 Steem now, do its profitable fir early adopters to cash out with 200 % profit now.
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