The other day, I had this realisation about Hive and my subsequent return to the best blockchain.
Occasionally, I'll make $10+ on a post in rewards. Worse case, I will make around USD 1 for a post on Hive. With Hive, there is no cap on the number of posts or comments you can post. You're only limited by your resource power, which recharges itself over time.
Let's use $1 as a baseline. To make $1 million in Hive rewards, that's one million posts. Probably not a number most people would ever reach, but still.
Now, remember, sometimes a post can make $10. That one post makes up the difference for nine $1 posts. If you can get your baseline to $10 in rewards per post, you only need to author 100,000 posts. If your baseline is $50 in rewards per post, that comes down to 20,000 posts to make one million dollars—still a very high figure.
If you're writing posts daily and posting in communities with great curation (like LeoFinance), your chances of getting higher rewards are significantly increased. Sometimes I write what I think is a good post, and it just won't land for whatever reason.
So, my work is focused on increasing that baseline. Maybe one million dollars is too ambitious, but $100,000 might be achievable. The goal is to get your reward baseline as high and consistent as possible. Getting onto popular curation trails and communities can help with that astronomically.
I can't think of any other blockchain where you can make money writing content like you can on Hive. With no fees to transfer your hard-earned Hive tokens, Hive is a content creator's wet dream.
Posted Using LeoFinance Beta
You will also earn with your Votes, as more Hivepower you have as mire you will earn.
Nice calculation. 👍🏻
I hope you will be able to achieve your Goal. Best of Luck.
This right here, so many people need to read this!
Wow.
You sound like an economist.
Nice break down.
Helpful for starters like me
Consistency is key.
Hopefully I'll be able to make such good posts with time.
I think your earning on hive is all about curation, if you are getting good curation definitely your earning will be high and vice versa
Provide credit, to the source of your images, in your posts.
They are generated images... I use Midjourney AI to generate them, or which I pay $60 per month for. And, you are not required to credit them, they give you a commercial licence.
How would someone know that, without reading your comment here? Even if not required, it would improve the quality of your post to not take something like this for granted.
In addition, I can't imagine Midjourney AI would stop you from giving them credit, as others might be impressed enough with the results you are illustrating to want to get a license themselves!
Maybe I'll write a post about where I source images from or provide a note. For the most part, I'm not concerned about people making assumptions about where I source my images. It has come up before, albeit more from a curiosity standpoint of where I get my cool images. Sometimes it takes me 10-20 minutes of constant prompt rewriting and generation to get a good image for my articles.
Terms of service for anyone interested:
https://midjourney.gitbook.io/docs/terms-of-service