How do the LENM miners work?
2 days ago in Threespeak by liotes
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Thanks for sharing. Can anyone look at the screen you shared or only the owners? I was thinking of looking at how other miners are set up.
That Tribaldex page is only available for the account that created the token. But I agree with you that it would be good to see the contract details for tokens that we are interested in.
However, after a couple of hours searching for mining contract explorers and similar terms, I can't find anything useful. Which is frustrating for me. Because I believe that the information is stored in the Hive blockchain. But I don't know how to find it.
!BBH
There is a way to find out about the miners setting. This website allows you to see it. You simply need to change the token pair (mined:miner) in the url to see it: https://eonwarped.github.io/shengine/token_mining.html?poolId=LEN:LENM
Thanks Achim. That's very useful. As is the code in the GitHub repo, which helps me understand where to look for more data.
!BBH
This screen is only visible to the token creator but there is a link to check the miners: https://eonwarped.github.io/shengine/token_mining.html?poolId=LEN:LENM
You simply need to switch the url with (mined:miner) and you will get the contract settings.
I didn't know about this 6 $LEN to 20 winners each hour thing. Thank you for explaining that to us.
Can you help me with math? 6 LEN each hour every day for a week is:
6x24x7 = 1008 $LEN
In your deck, you have 1940 $LEN dividends weekly.
Where is the difference?
Thank you!
!BEER
Hehe, nice to see somebody calculating with us :-). There are exactly 1008 LEN tokens minted every week by staked LENM. These are the only minted tokens to augment the circulating supply. The 1940 tokens paid as dividends are actually purchased on the market or the diesel pool and then redistributed to delegators.
To pay dividends we don't mint tokens, we actually buy them on the market. This gives provides a constant demand for these tokens. If the price of LEN goes down, we buy more tokens because our APR is based on curation rewards. If the price of LEN goes up, we distribute therefore less tokens.
This is really interesting !INDEED
Why? Because I sell $LEN tokens that I get as dividend, through $SWAP.HIVE, to buy and stake $LENM !LOLZ
So, am I feeding the beast with its own meat?
!invest_vote
“Is the bar tender here?”
Credit: reddit
@achim03, I sent you an $LOLZ on behalf of ervin-lemark
(3/4)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
You are doing a good job :-)
Do you know that you can directly swap LEN to LENM over the diesel pool LEN:LENM?
@ervin-lemark denkt du hast ein Vote durch @investinthefutur verdient!
@ervin-lemark thinks you have earned a vote of @investinthefutur !
Clear and important information, thank you very much @achim03, have a great week brother! ✌️
Thanks for the explanation! Now all I need is a program to show me what percentage or quantity of my LENM I should stake or put into the liquidity pool for absolute best all-round returns (including earnings and Liotes rankings)! Of course, the program should be responsive to daily fluctuations in price, liquidity, rankings, and so on... I guess we should be able to plug our objectives into it as well... Anybody fancy having a go at creating such a program? 😆
!ALIVE
!BBH
I would suggest asking gemini. I'm sure it will come up with something useful ;-)
It's nice to hear you talk about LENM. It's just the traditional miners and I think its nice for people to learn about.
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