MY HIVE LOAN FINALLY PAID || HOW MY LEASE OF 40K HP WENT FROM JAN TO MARCH || THEN WHAT'S NEXT?
About 4 months ago, I borrowed about 1300 of Hive from a friend to try out in leasing some amounts of Hive Power to see how it actually works and see how far I can come with it but somehow, I lost track in the calculations.
At first, I thought I may be able to lease about a hundred thousand Hive Power which I would be using to curate contents in my community and also supporting some active Nigerian authors on the chain but I only got about 50k Hive Power with the lease.
I got a 20,000 lease for about 280 per month and another 20,000 for 385 Hive for 3 months with an Apr of about 13.9% to 14.2% which mean in 3 months, I paid a total of 1220 Hive or more. Too much of business made me loose track on my growth HP wise but from my Hive goals posts, I had 7700 Hive Power before the lease and made over 10,000 Hive Power by March. This is a lease between January to March before I started powering down last month to pay back the Hive delegated.
The sweetest thing about leasing HP is that it is very sweet to vote content you love with higher rewards but mind you, you have to watch contents you vote to have a higher curation payouts. This time, your aim is to maximize the curation curve time or curve. I vote quality contents with low reward and within the 5 minutes window of publishing but not always.
Presently, I aim at achieving a natural growth without any lease through a middleman platform, so I would be dropping all Hive Power leases after it expires.
Since I have paid my loan, gotten the money to buy a laptop for easy blogging and dropping all leases after expiration, I have cancelled all power downs and back on my goal of attaining a Hive Power of 10,000 before the end of 2021.
After my examinations is over which is by ending April, I would be back fully active on Hive posting very much regularly and engaging very healthy as I used to. Thanks for reading through....
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