Foreword
Good day to all. How are all of you doing, August is here and we are moving towards the final third of 2024 and time to step up on the goals that I have initiated at the start of this year. While there is still time and all, but time is closing in and if we are far, we need to step up so that all will end well for the year.
2024 Goal
Before I proceed further, let's recap the savings goal I set for myself when the year started.
| Power | Start | Goal | Now |
|---|---|---|---|
| Hive Power (HP) | 5000 | 9000 | 7663 HP |
In my July update, I reached 7261 HP. Today I have reached 7663 HP with a delta to main goal is 1337 HP, with about 4 months to go based on main goal timeline and 3 months to go based on secondary goal timeline. To achieve my secondary goal, it will mean that I in the remaining 4 months, I will need approximately 430 HP per month in order to reach my goal. The required HP gain per month actually didn't change much and I will need to carry on my momentum to garner sufficient Hive Power each month.
Performance to Plan
To examine how much more I can boost, let's look at how much I can generate at this moment.
Layer 2 Token Management
It is important to review my sources of layer 2 tokens that increased my liquid Hive and SWAP.HIVE and started planning to get them into a better state for better passive drips.
Liquid Hive Sources:
Holding EDS tokens- The amount I have yields me 0.05 HIVE per week.
Holding DAB tokens - The amount I have yields me 0.008 HIVE per day.
Holding SIM tokens - The amount I have yields me 0.028 HIVE per day.
Holding BRO tokens - The amount I have yields me 0.007 HIVE per week.
This totals up to 0.309 HIVE per week a decrease of 0.021 HIVE per week as compared to last month. Previously this figure, grew in small amount monthly but this time round saw a drop coming mainly from the EDS and DAB pool.
SWAP.HIVE Sources:
Staking DRIP tokens - The amount I've stake yields me 0.0017 SWAP.HIVE per day.
Holding BBH tokens - The amount I have yields me 0.004 SWAP.HIVE per week.
This totals up to 0.0159 SWAP.HIVE per week. Compared to the Liquid Hive part, the SWAP.HIVE part while gaining traction, but it is on a small amount in the extended decimal places.
There is a drop in the amount coming from both EDS and DAB probably because of Hive prices which will means that I will need to see if I should increase my position further by trading layer 2 tokens into them and getting more substantial liquid hive drips.
On the BRO side, we are steadily increasing which is good and I hope to slowly build into more BRO through drips from the ALIVE tokens. However, it is not easy to get more BRO due to its high cost. Focus now is actually to build up SIM through active playing of dCity. If you see, that is the fastest increasing Liquid Hive path that I can get amongst all my other passive earning coins. I do blog about dCity and how I steadily increase my Sim Power, so do check those post out. I am very glad on how much dCity had helped me to grow my Liquid Hive.
All in all, the goal for this segment of passive earning is to gather as much Liquid Hive as possible to finally be able to fund the most basic of a Hive Power Up Day.
Curation and Writing
The backbone and key to growing and reaching my HP goals is through writing and curation. Consistency in this 2 activities will definitely help my Hive to grow especially through the writing part. Being consistent in terms of writing grants you a delegation from Hive.buzz when you successfully complete the Hive Power Month which can further improve your curation power over time. To gain more HP is simply just building the HP base itself continuously and eventually, our curation power get stronger and we gain more HP as we curate through a higher HP.
Light Hearted Play2Earn Games
Check out this link if you like to explore Rollercoin
Rollercoin Link
I have been playing this game for quite a while now. Key times to play this game is during commuting to work or even any small pockets of time to ensure the miners in the game keep going. There is no need for long hours of grinding but just time to time casual plays to increase the mining power that one possess.
Earlier it had always been mining on the native token for the platform the RLT, but today I have split my mining power into 80% RLT and 20% LTC. The change is that I do have more miners in my possession and also I wanted to see how much LTC I can build up and if possible, I would like to move the gained LTC (though not a big amount yet so far) into Hive blockchain and improve my HP to be able to reach my HP goal for the year. The remaining portion that is on RLT is to continue building up the miners and racks to get higher mining power.
Closing
Time is running out and I will need to bite the bullet and continue growing steadily in order to hit my secondary goal by pulling in the primary goal by 1 month before the end of the year. The amount of HP to gain each month is huge so I need to keep track and ensure each aspect of my HP gaining is on track. I
See you next time!
Saturday Savers Club
What is Saturday Savers Club?
The Club is a supportive group of people who meet up around the weekly post, usually on a Saturday but occasionally on a Sunday, to share tips and techniques and have some fun in the process. Saving is a skill that takes time and practice to acquire and, like learning any skill, doesn't always go the way you planned.
Interested in joining Saturday Savers Club? Check out @eddie-earner.
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