I invested in 10 Leo Mega Miners (LEOMM) on the Steem-Engine platform some days ago and here is the feedback of how they are performing based on the first 4 days rewards received.
Little Intro About Steemleo.com
Leo is a platform created specifically for post that relates to investing. So if your post has nothing to do with investing then better not use that steemleo tag as you could be flagged.
I notice some people confuse the Leo miner (LEOM) and the Leo mega miner (LEOMM).
LEOM mines at 1x speed while LEOMM mines at 4x speed.
LEOM sells at 2 STEEM while LEOMM sells at 6 STEEM (which offers a 25% discount).
LEO Mega Miner (LEOMM) 4 Days Report
As I explained in the case of weed mega miner yesterday, we cannot yet differentiate the difference between the rewards received from the miners and that received from curation. So it becomes difficult to identify what you actually earned as curation and what the miner earns.
In my own cause I just bought the miners and it’ll take 7 days before curation starts trickling in i.e. going by the 7 days payout rule.
There is an easier way of finding out how your miners are performing by create a new account say ketcom.leomm and use that to buy my Leo Mega Miner which will be used only for mining activities without doing any curation with it. While that is ok, I’ll prefer a solution by the developers that doesn’t need me creating another account. We wait and see how possible that will be as we progress.
Leo mega miner 4 days report table
Leo mega miner daily reward
Explanation:
Row A represents the price of 1 Leomm which is 6 Steem.
Row B represents the numbers of miners I bought which is 10 miners.
Row C represents the cost of the 10 miners which is (C = A * B) C = 6 * 10 = 60.
Row D represents the average daily Leo mined D = (11.48 + 4.129 + 8.259 + 4.201) / 4 = 7.02 Leo.
Row E represents the current price of weed which is 0.19379
Row F represents the average daily earnings which is F = 7.02 * 0.19379 = 1.36 Steem.
Row G represents the number of days it will take for me to recover the capital invested which is G = 60 / 1.36 = 44 days.
You can see from the tables and explanation that the 60 Steem I invested to buy 10 Leo mega miner (leomm) will be recover in 44 days time if all things remain equal. As I always say, things can never remain the same in real life. Prices will keep fluctuating, more users are already loading their wallets with more leomm which means it is going to get more difficult to earn as much as we are earning now.
Joining early does help, as fewer miner owners get to share from the daily quota allocated to miners.
If you want to go into buying miners for passive income you have to think long term. It is not a get rich quick scheme, don’t base your judgment on my report and invest only what you can afford to lose, even though I invested hoping I am not going to lose this one. Lol.
Note: Please don’t take this as a financial advice, do your own research or contact your lawyer or accountant before taking any decision. If you sight me as your source of information for taking your own financial decisions I’ll say I said whatever I said under the influence of alcohol. Lol.
Image Credit: The banner is from the Steemleo introductory post
Thanks for reading my post, like I always say, upvote it if you liked it I’ll truly appreciate that. Keep your comments coming and follow me if you have not already done that. Again, thanks a lot for your support to me always.
Join @Upvotebuilders
If you are a good content creator and post daily wouldn’t you like to earn more rewards via the upvotes you receive? Here is introducing 
Upvotebuilders Weekly Report - 19
Join Partiko And Earn Free Points
I’m using Partiko to make friends and have fun on the Steem blockchain while also earning points which can be exchanged for upvotes. You should as well! Here’s my invite link:
https://partiko.app/referral/ketcom
You will get 1000 Partiko Points for sign up bonus, and you can exchange them into Steem token!
You Need To Join Qurator
Are you a good high quality and original content writer? Then you really need to join Qurator, they have a lot of benefits that will help build your account, improve your writing skills, increase your understanding of the project and they have a lot of weekly competition going on. There are also many opportunities to earn more once you become a member of the community. You can check out my post about how to be a member and other ways of taking advantage of what the project has to offer here.
Join Actifit
Actifit: An innovative dapp that rewards your everyday activity! Why not click here (my affiliate link) and join today so that you start earning (AFIT) tokens and STEEM rewards via upvotes on your Steem posts. Please join using my referral link below:
https://actifit.io/signup?referrer=ketcom