create account

CTP Miners | Break Even Less than 1.5 Years by khan.dayyanz

View this thread on: hive.blogpeakd.comecency.com
· @khan.dayyanz · (edited)
$3.70
CTP Miners | Break Even Less than 1.5 Years
Yesterday I wrote a post about what's happening in [CTP community](https://leofinance.io/@khan.dayyanz/the-man-cave-project-and-ctp-community) & why CTP price is pumping. I received a question from quite a few people that how much ctp one can mine through CTPM. This post is all about analysis of it. Let's jump right there. If you don't know what ctp is [check this](https://leofinance.io/@khan.dayyanz/the-man-cave-project-and-ctp-community).

![image.png](https://images.hive.blog/DQmTXY9SrpP4kV34iY2ywzNQvxDgdRGp3wn34iNACsd1p78/image.png)

To understand mining rewards, let's first know how CTP tokens are issued. Here is quote from [CTP Transparency Report](https://www.ctptalk.com/hive-119826/@clicktrackprofit/the-ctp-token-transparency-report):
> – There was an initial airdrop of 695'000 CTP tokens
– Every 100 blocks (5 minutes) of the hive blockchain 13.86 CTP tokens are issued
– This represents a total of 3992 CTP tokens per day
– 85% of these tokens are issued to posts (3393 tokens)
– 15% of these tokens are issued to miners (599 tokens)
– Every hour 20 CTPM holders get 1.247 CTP token miner rewards

The next Question is how many CTP Miners are there? Let's take reference from https://leodex.io/token/CTPM

![image.png](https://images.hive.blog/DQmVLB3Z5gTgkgQ3BhZXAcS4EPKVvKzXfsp16QjbB4TA2Uj/image.png)

So currently there are 261,614.555 CTPM in Existence. Most of them are held by @jongolson and are available for sale. Out those only a handful of miners (58,140.688) are staked. 

For CTP miner efficiency I will be using two methods, one is probability based and one is historic rewards of my own holdings on 31st Jan.

# First Method:

It is just calculated as %age of the CTPM you have staked corresponding to total staked miners. For this example we will be assuming one hold 1000 staked CTPM. So over 1 year he will be getting around same % age of CTP as of % CTPM. As the total CTP issue supply per year is fixed. We can calculate mining pool per year.

Total Mining Pool = 1.247 x 20 x 24 x 365.25 = 218,624.04 CTP per year.

Now %age of CTP mined over 1 year period depends upon how many total CTPM are staked. As mentioned above currently 58.14K CTPM are staked. This number will eventually increase in future. So, let's make a table for possible cases.
###### Note: Yellow Highlighted part shows current market conditions. This is just estimate based on probability. Actual rewards can very. 

![image.png](https://images.hive.blog/DQmZxVVMjLquiy9EeznT6CFzAfnV63hzJdPPDfPM4QLGdMb/image.png)

This table also show break even for various CTP price. If price of CTP rises in future, CTPM can be more profitable.

# Second Method:

Here are my actual rewards for past 7 days. This stat is pulled by @themarkymark. On that day about 45K CTM were staked. This can be compared with blue highlighted data in above table. This is for 7 days only, may be my lucky days. For a bigger sample size results will be more close to above table, but It can be on lower or higher side depending on luck.

![image.png](https://images.hive.blog/DQmSusjsZWLXeqbP9nrmp7kKmFrn3mUadKSvf2bs7CXeBUx/image.png)

Here is shot for last 24 hrs mining record.
![image.png](https://images.hive.blog/DQmSS6obmnd7KJcKW9jmbup5xenuPFJyKtsSuRmpky2d4XB/image.png)

If you find this useful consider upvoting. :)
Regards,
@khan.dayyanz

Do you want to earn CTP tokens? Consider delegating Hive to @ctpsb.

Are you excited and want to learn more?
CTP Discord: https://discord.gg/AJ3jRumy7X
Mancave Discord: https://discord.gg/ddEMkhbB8e

https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif
gif by @doze


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@khan.dayyanz/ctp-miners-or-break-even-less-than-1-5-years)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 36 others
properties (23)
authorkhan.dayyanz
permlinkctp-miners-or-break-even-less-than-1-5-years
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","ctp","mining","investments","returns","leofinance","archon","neoxian","mancave","ash","ocd"],"canonical_url":"https://leofinance.io/@khan.dayyanz/ctp-miners-or-break-even-less-than-1-5-years","links":["https://leofinance.io/@khan.dayyanz/the-man-cave-project-and-ctp-community","https://www.ctptalk.com/hive-119826/@clicktrackprofit/the-ctp-token-transparency-report","https://leodex.io/token/CTPM","https://discord.gg/AJ3jRumy7X","https://discord.gg/ddEMkhbB8e","https://leofinance.io/@khan.dayyanz/ctp-miners-or-break-even-less-than-1-5-years"],"image":["https://images.hive.blog/DQmTXY9SrpP4kV34iY2ywzNQvxDgdRGp3wn34iNACsd1p78/image.png","https://images.hive.blog/DQmVLB3Z5gTgkgQ3BhZXAcS4EPKVvKzXfsp16QjbB4TA2Uj/image.png","https://images.hive.blog/DQmZxVVMjLquiy9EeznT6CFzAfnV63hzJdPPDfPM4QLGdMb/image.png","https://images.hive.blog/DQmSusjsZWLXeqbP9nrmp7kKmFrn3mUadKSvf2bs7CXeBUx/image.png","https://images.hive.blog/DQmSS6obmnd7KJcKW9jmbup5xenuPFJyKtsSuRmpky2d4XB/image.png","https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif"]}
created2021-02-02 18:41:51
last_update2021-02-02 18:54:27
depth0
children10
last_payout2021-02-09 18:41:51
cashout_time1969-12-31 23:59:59
total_payout_value1.868 HBD
curator_payout_value1.832 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,775
author_reputation19,544,746,066,263
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,679,632
net_rshares14,898,064,344,908
author_curate_reward""
vote details (100)
@bozz ·
Eh, sounds like my only hope is that the price of the token keeps going up.  Then maybe I might be able to see a bit of an ROI.  What site did you pull those last stats from where you can actually see the mine rewards being distributed to you?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-khan-dayyanz-2qm3jx)
properties (22)
authorbozz
permlinkre-khan-dayyanz-2qm3jx
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@bozz/re-khan-dayyanz-2qm3jx"}
created2021-02-02 19:35:21
last_update2021-02-02 19:35:21
depth1
children4
last_payout2021-02-09 19:35:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length338
author_reputation2,287,210,711,402,783
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,680,539
net_rshares0
@khan.dayyanz ·
It is tribe interface of CTPtalk.com.
You can see that in your wallet.
The data for CTP mining was pulled by @themarkymark. He has build a handy tool for use. I don't think it is hosted somewhere bit it is great. 
👍  
properties (23)
authorkhan.dayyanz
permlinkre-bozz-202123t8316516z
categoryhive-167922
json_metadata{"tags":["hive-167922","leofinance"],"app":"ecency/3.0.13-mobile","format":"markdown+html"}
created2021-02-03 03:31:09
last_update2021-02-03 03:31:09
depth2
children3
last_payout2021-02-10 03:31:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length213
author_reputation19,544,746,066,263
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,687,223
net_rshares7,012,004,496
author_curate_reward""
vote details (1)
@bozz ·
Okay awesome thanks!  Looks like I am actually pulling in about 1.5 per day so far.  Not horrible.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-khan-dayyanz-76s8aq)
properties (22)
authorbozz
permlinkre-khan-dayyanz-76s8aq
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@bozz/re-khan-dayyanz-76s8aq"}
created2021-02-03 12:49:42
last_update2021-02-03 12:49:42
depth3
children2
last_payout2021-02-10 12:49:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length193
author_reputation2,287,210,711,402,783
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,692,424
net_rshares0
@hivebuzz ·
Congratulations @khan.dayyanz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@khan.dayyanz/upvoted.png?202102031712"></td><td>You received more than 6000 upvotes. Your next target is to reach 7000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@khan.dayyanz) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/pud-202102-feedback"><img src="https://images.hive.blog/64x128/https://i.imgur.com/zHjYI1k.jpg"></a></td><td><a href="/hivebuzz/@hivebuzz/pud-202102-feedback">Feedback from the February 1st Hive Power Up Day</a></td></tr></table>
properties (22)
authorhivebuzz
permlinkhivebuzz-notify-khandayyanz-20210203t173014000z
categoryhive-167922
json_metadata{"image":["http://hivebuzz.me/notify.t6.png"]}
created2021-02-03 17:30:12
last_update2021-02-03 17:30:12
depth1
children0
last_payout2021-02-10 17:30:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length957
author_reputation369,866,743,511,080
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,696,125
net_rshares0
@myanmarkoko ·
Thank you very much for explanation. 
This is epic...
Thanks again. 
👍  
properties (23)
authormyanmarkoko
permlinkre-khandayyanz-202123t181312273z
categoryhive-167922
json_metadata{"tags":["hive-167922","ctp","mining","investments","returns","leofinance","archon","neoxian","mancave","ash","ocd"],"app":"ecency/3.0.11-mobile","format":"markdown+html"}
created2021-02-03 11:43:12
last_update2021-02-03 11:43:12
depth1
children1
last_payout2021-02-10 11:43:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length68
author_reputation109,733,904,879,057
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,691,639
net_rshares731,600,423
author_curate_reward""
vote details (1)
@khan.dayyanz ·
My Pleasure. It's great that you found it useful. :)
properties (22)
authorkhan.dayyanz
permlinkre-myanmarkoko-qnybzl
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.01.3"}
created2021-02-03 11:58:00
last_update2021-02-03 11:58:00
depth2
children0
last_payout2021-02-10 11:58:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length52
author_reputation19,544,746,066,263
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,691,802
net_rshares0
@themarkymark ·
You can't use your wallet to count them, as there is a bug with Scotbot that shows them out of order.  For example if you look at my wallet, there was 12 mines after I received the daily allocation, but those mines were actually part of the allocation.  It's being looked into and hopefully fixed soon, but the transactions appear out of order and are not reliable.

I suspect after yesterday's buying spree, it's already over 2 year break-even, but I will know in a few days once I have some history what it looks like.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@themarkymark/re-khan-dayyanz-4ylp1z)
👍  
properties (23)
authorthemarkymark
permlinkre-khan-dayyanz-4ylp1z
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@themarkymark/re-khan-dayyanz-4ylp1z"}
created2021-02-02 18:56:30
last_update2021-02-02 18:56:30
depth1
children1
last_payout2021-02-09 18:56:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length623
author_reputation1,780,033,808,583,944
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,680,012
net_rshares1,211,345,917
author_curate_reward""
vote details (1)
@khan.dayyanz ·
Considering 0.15 price per CTP break even is around 2.2 years. As current price on market is spiked, so the break even is less than 1.5 years. It all depends on CTP price at time of cash out. Still a better number.
properties (22)
authorkhan.dayyanz
permlinkre-themarkymark-qnx10b
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.01.3"}
created2021-02-02 19:03:18
last_update2021-02-02 19:03:18
depth2
children0
last_payout2021-02-09 19:03:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length214
author_reputation19,544,746,066,263
root_title"CTP Miners | Break Even Less than 1.5 Years"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id101,680,124
net_rshares0