Here there is a summary of my conclusions in the last post:
The profit per land 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 Afghanistan land is 0.190375 Hive.
First of all i thought on which were my options; and pretty quickly i realised I could rent the lands! So I proceed to do some maths.
I went to the renting Marketplace to see the prices and they weren’t bad at all, for a South America 0.08 Hive a month, for Mexico 0.18 Hive a month and for Afghanistan 0.26 Hive.
I compared those numbers with my profit from planting my lands (from the previous blog).
And surprisingly I came to a great conclusion! For Mexico lands is actually better to rent them than to plant them with my seeds!
The numbers
If I can rent each one of my Mexico lands for 0.18 Hive which would be 0.045 Hive per week, I would be getting 51.82% more comparing to the 0.02964111 Hive I would get if i plant them.
But that’s not all!
If I rent the lands I won’t plant the seeds, so I can go to nftmart and sell them, at the actual prices that would be 74 buds around 0.02 extra Hive. So, assuming I just sell one seed per week, which is pretty easy, I would earn 0.045 + 0.02 = 0.065 every week, that compared to the initial 0.02964111 i would earn 119% more which is impressive.
Future strategy
My strategy from now on will be to rent my Mexico lands, I have to see with my own eyes if in fact anyone is willing to rent them for that price, but I will give it a chance. Also, I will be selling some Acapulco Gold seeds in the market.
For the South America and Afghanistan lands I will keep on planting them but I will keep an eye on the prices to make sure it’s the best option I have.
PD: Some of you might be thinking why anyone would be interested in renting my plots after all my calculation and explanation, and the answer is pretty easy. All these numbers are based on me, and my seeds for Mexico have very low production (320 BUDS on average) so for anyone that has better seeds it might be better to plant them, or in another case someone who has a lot of water and doesn’t need to buy it would get greater profits.
I will keep you updated with this process and this way i can keep a record on how it goes.