After playing the Hashkings farming for around 2 years without calculating anything, just making sure i wasnt loosing Money; today finally i calculated my profit. In this post i use the market prices from hive engine and nftmart from 10/08/22 at 10:30 UTC, and all numbers are aproximate and could vary depending on the seed i plant.
Actually i was preparing another post with my strategy for the upcoming Farming Wars, and i ended up calculating the profit and i was so surprised by the results.
My Lands
First of all i calculated my profit per land ratio in hive. I have these lands:
- 13 South America,
- 9 Mexico,
- 6 Afganistan.
To make it easier to calculate i assume that all seeds take 7 days to be ready and that i buy all the water from the market.
So for all these lands i need 31560 HKWATER (1.8936 Hive) and i produce 14884 BUDS (3.721) leaving me a profit of 1,8274 Hive weekly or what is the same 7.3096 Hive a month that today is 4.30 $💸.
I though that is very low! And i went deeper into the numbers.
I calculated an aproximate of my profit per land assuming all the seeds i plant are free from the seeds drop.
Summary
The final numbers for 1 week are:
The profit per South America land is 0.03218 Hive.
The profit per Mexico land is 0.02964 Hive.
The profit per Afganistan land is 0.190375 Hive.
Conclusion
Since I have the lands and the seeds it is easy profit so I will still plant them, but i will definetly search for some other options to get hive and buds, and i will do the numbers if i have any better option for my seeds and my lands. But I will save that for another post.