What Tribe Miner has the best ROI?
Most people really don't have any idea how well their Hive Engine miners are working and if they are even worth it. It's confusing, there is a lot of variance, and Hive Engine doesn't have good way to report it.
I built a tool that allows me to analyze Hive Engine miners and I did some sample testing across large holders on different tribes.
Want to know my results?
Everyone knows about the famous Leo miners, so let's test them first.
First let me give you a breakdown of how I am doing the testing.
I first hit the blockchain to find the number of miners owned by the user being queried. I then check the price of the token and the miner token for future calculations. Mining with Hive Engine is extremely consistent, so if you are one of the 30 users who win a slot each hour, you will receive a set number of tokens. I don't have an easy way to get this from the blockchain, so I just check a users wallet and use that, for example LeoM is 1.06 Leo per slot.
From here I will check the last 100 days mining rewards of the user but I truncate it to 7 days as any large purchases or sales of miners will mess up my calculations. From here I get the mean (average) and median (middle value) of their daily mining slots. There is a lot of variance here and I'd like to use more than 7 days but users typically buy/sell miners and I have no good way to get historic value to match up with the mining rewards so I keep the historic value relatively low (7).
From here it's just math with the numbers I have. I truncate the current date as it is an incomplete 24 hour period and will mess up calculations.
@brofund holds a lot of miners and is a good test for various tribes. Keep mind, mining has a lot of variance, and I have seen these numbers move as much as 25% depending on the user. For this reason I will use two users for each miner from the richlist.
Leo Miners (LeoM)
User: @brofund
Miners: 13110.295
mining
date
2020-12-06 52
2020-12-07 46
2020-12-08 65
2020-12-09 49
2020-12-10 46
2020-12-11 43
2020-12-12 37
Mines/day (Mean): 48.29
Mines/day (Median): 46.0
LEO price: 2.05027625
LEOM price: 11.996739
Mine Value: 1.06 LEO
Hive/day 104.94
Break-Even 4.11 years
User: @tonimontana.leo
Miners: 7550.0
mining
date
2020-12-06 42
2020-12-07 22
2020-12-08 25
2020-12-09 26
2020-12-10 30
2020-12-11 20
2020-12-12 32
Mines/day (Mean): 28.14
Mines/day (Median): 26.0
LEO price: 2.05027625
LEOM price: 11.996739
Mine Value: 1.06 LEO
Hive/day 61.16
Break-Even 4.06 years
STEM Miners (STEMM)
User: @brofund
Miners: 1060.6
mining
date
2020-12-06 133
2020-12-07 136
2020-12-08 151
2020-12-09 133
2020-12-10 131
2020-12-11 138
2020-12-12 139
Mines/day (Mean): 137.29
Mines/day (Median): 136.0
STEM price: 0.23332
STEMM price: 19.98
Mine Value: 0.9312 STEM
Hive/day 29.83
Break-Even 1.95 years
User: @steem.leo
Miners: 100.0
mining
date
2020-12-06 20
2020-12-07 11
2020-12-08 20
2020-12-09 20
2020-12-10 17
2020-12-11 14
2020-12-12 13
Mines/day (Mean): 16.43
Mines/day (Median): 17.0
STEM price: 0.23333
STEMM price: 19.98
Mine Value: 0.9312 STEM
Hive/day 3.57
Break-Even 1.53 years
CTP Miners (CTPM)
User: @cruisin
Miners: 2550.0
mining
date
2020-12-06 39
2020-12-07 36
2020-12-08 31
2020-12-09 29
2020-12-10 38
2020-12-11 40
2020-12-12 31
Mines/day (Mean): 34.86
Mines/day (Median): 36.0
CTP price: 0.070002
CTPM price: 0.96
Mine Value: 1.247 CTP
Hive/day 3.04
Break-Even 2.2 years
User: @chronocrypto
Miners: 650.05
mining
date
2020-12-06 12
2020-12-07 6
2020-12-08 3
2020-12-09 6
2020-12-10 14
2020-12-11 12
2020-12-12 8
Mines/day (Mean): 8.71
Mines/day (Median): 8.0
CTP price: 0.070002
CTPM price: 0.96
Mine Value: 1.247 CTP
Hive/day 0.76
Break-Even 2.25 years
Weed Miners (WEEDM)
User: @scooter77
Miners: 60.0
mining
date
2020-12-06 26
2020-12-07 30
2020-12-08 23
2020-12-09 28
2020-12-10 20
2020-12-11 22
2020-12-12 25
Mines/day (Mean): 24.86
Mines/day (Median): 25.0
WEED price: 0.1262
WEEDM price: 6.0
Mine Value: 0.14925 WEED
Hive/day 0.47
Break-Even 2.11 years
User: @tradingideas
Miners: 10.62
mining
date
2020-12-05 4
2020-12-06 4
2020-12-07 4
2020-12-08 6
2020-12-09 5
2020-12-10 4
2020-12-11 3
Mines/day (Mean): 4.29
Mines/day (Median): 4.0
WEED price: 0.1262
WEEDM price: 6.0
Mine Value: 0.14925 WEED
Hive/day 0.08
Break-Even 2.16 years
BEE Miners (WORKERBEE)
User: @eturnerx
Miners: 11259.22004
mining
date
2020-10-14 9
2020-10-15 15
2020-10-16 10
2020-10-17 16
2020-10-18 15
2020-10-19 12
2020-10-20 21
Mines/day (Mean): 14.0
Mines/day (Median): 15.0
BEE price: 0.92084
WORKERBEE price: 1.65
Mine Value: 1.144 BEE
Hive/day 14.75
Break-Even 3.45 years
User: @dustindivitto
Miners: 6000.0
mining
date
2020-10-14 2
2020-10-15 5
2020-10-16 1
2020-10-17 5
2020-10-18 3
2020-10-19 6
2020-10-20 5
Mines/day (Mean): 3.86
Mines/day (Median): 5.0
BEE price: 0.92084
WORKERBEE price: 1.65
Mine Value: 1.145 BEE
Hive/day 4.07
Break-Even 6.67 years
Conclusion
I want to first say I have no easy way to tell if a user has bought/sold miners in the last 7 days. This may skew the results slightly or potentially greatly, but I have noticed very consistent results so I am fairly confident these numbers are accurate. I also had to avoid testing any users holding both Miners & Mega Miners as there is no easy way to deal with this.
Reviewing all the miners I tested, STEM Miners have the best immediate returns in terms of how long it takes to break even. If you were lucky enough to buy the miners cheaper than current price, you can be doing far better than these numbers.
I only tested tribes that I had the ability to test, for example Archon uses a unique mining system and doesn't fit into the algorithm I used to calculate results.
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