Yesterday I wrote a post about what's happening in CTP community & why CTP price is pumping. I received a question from quite a few people that how much ctp one can mine through CTPM. This post is all about analysis of it. Let's jump right there. If you don't know what ctp is check this.

To understand mining rewards, let's first know how CTP tokens are issued. Here is quote from CTP Transparency Report:

– There was an initial airdrop of 695'000 CTP tokens – Every 100 blocks (5 minutes) of the hive blockchain 13.86 CTP tokens are issued – This represents a total of 3992 CTP tokens per day – 85% of these tokens are issued to posts (3393 tokens) – 15% of these tokens are issued to miners (599 tokens) – Every hour 20 CTPM holders get 1.247 CTP token miner rewards

The next Question is how many CTP Miners are there? Let's take reference from https://leodex.io/token/CTPM

So currently there are 261,614.555 CTPM in Existence. Most of them are held by @jongolson and are available for sale. Out those only a handful of miners (58,140.688) are staked.

For CTP miner efficiency I will be using two methods, one is probability based and one is historic rewards of my own holdings on 31st Jan.

First Method:

It is just calculated as %age of the CTPM you have staked corresponding to total staked miners. For this example we will be assuming one hold 1000 staked CTPM. So over 1 year he will be getting around same % age of CTP as of % CTPM. As the total CTP issue supply per year is fixed. We can calculate mining pool per year.

Total Mining Pool = 1.247 x 20 x 24 x 365.25 = 218,624.04 CTP per year.

Now %age of CTP mined over 1 year period depends upon how many total CTPM are staked. As mentioned above currently 58.14K CTPM are staked. This number will eventually increase in future. So, let's make a table for possible cases.

Note: Yellow Highlighted part shows current market conditions. This is just estimate based on probability. Actual rewards can very.

This table also show break even for various CTP price. If price of CTP rises in future, CTPM can be more profitable.

Second Method:

Here are my actual rewards for past 7 days. This stat is pulled by @themarkymark. On that day about 45K CTM were staked. This can be compared with blue highlighted data in above table. This is for 7 days only, may be my lucky days. For a bigger sample size results will be more close to above table, but It can be on lower or higher side depending on luck.

Here is shot for last 24 hrs mining record.

If you find this useful consider upvoting. :) Regards, @khan.dayyanz

Do you want to earn CTP tokens? Consider delegating Hive to @ctpsb.

Are you excited and want to learn more? CTP Discord: https://discord.gg/AJ3jRumy7X Mancave Discord: https://discord.gg/ddEMkhbB8e

gif by @doze

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