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Calculate Break Even with Hive Engine Miners Free Tool

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Marky
@themarkymark
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I've had a tool I built to monitor break-even with Hive Engine Miners. This tool is something I have used internally but I have been asked a few times to make it public.

$ minerbreakeven.py brofund LEO LEOM 
 
User: @brofund 
Miners: 13110.295 
 
            mining 
date 
2021-02-18      45 
2021-02-19      56 
2021-02-20      43 
2021-02-21      37 
2021-02-22      48 
2021-02-23      54 
2021-02-24      49 
 
Mines/day (Mean):  47.43 
Mines/day (Median):  48.0 
LEO price:  2.490222 
LEOM price:  11.869999 
Mine Value:  1.06  LEO 
Hive/day  125.24 
Break-Even  3.4  years

The tool looks at current token price, miner price, and mining history of an account to calculate up to the second break-even for Hive Engine miners.

While it works great and is super accurate, there are a few things that will affect the accuracy.

  • The tool cannot deal with accounts that own both mega miners and regular miners.
  • If you staked or unstaked a large percentage of miners in last 7 days.
  • Market sell slippage

Provided neither of these conditions affect you, the tool will give you an up to the second accurate calculation of what the break-even is for a miner. This does not calculate your historic purchase price to factor in your break-even, just what new buyers would be looking at. I have considered adding this functionality to the tool but it is a lot more work.

The tool is really simple to use, enter your account name and select the type of miner you want to analyze, then hit Run.

It will take a few seconds, so let it run and provided you spelt the account correctly and have staked miners you should see the results.

The new tool is web based and can be accessed here.

You can see it in action here:

The tool is provided as is and it is something I just use myself and just hosting an interactive version to allow others to benefit from the information.

Break-even for Hive Engine miners varies drastically, and will be affected by price of the core token, the price of the miner, and how well you do in the random number lottery for the day.

One day a miner might have a 3 year break-even period, another day it might be 6 years, then another day it might be 2 years. It is fairly consistent unless the prices change or someone stakes/unstakes a large percentage of miners.

I tried to add all the Hive-Engine miners that I can support. Some miners have unique criteria that makes it unusable in this general tool.

UPDATE:

  • WORKERBEE added

  • Adjustable Lookbehind added

  • Historic average price added

[Cover Image Source](https://www.pinterest.com/pin/476748310555236045/)

Posted Using LeoFinance Beta