Land Earning

Yep. I am going to introduce new terms and new learning in relation to how you are going to manage land resources in Splinterlands. Yes, there will be a lot of plots. So:

"Buckle up, Dorothy, 'cause Kansas is going bye-bye!"

This is going to be a lot of data analysis, so try to keep up!

One of my major problem in managing land is the fact that things are constantly changing, and since I populated my plots randomly, I continue to remain highly inefficient. Now that is only one problem, not the largest problem. The largest problem is, I don't even know how to fix it. So I have been trying to learn from others how they are managing it. Since land is a passive game mostly, it boils down to ROI. Trouble is it is very hard to calculate earning, and build any economic model, therefore it is nearly impossible to calculate ROI. So I am not even going to try. In this post, I am simply trying to summarize EARNING from land.

The plot above takes top 50 land owners resource production and converts into DEC, as of today. Bars represents hourly earnings based on the natural resources each landowners produce. Obviously I have to take out Vugtis, because with him present visibility of any land related chart is TOAST, and I don't want to use a log scale early on.

Much better!

Notice, spswhale produces just iron and stone, while yabapmatt produces only Aura! Very interesting!

Bars are stacked histogram, so that you can see how people are producing at what rate, and as you are see they are variable! Hive account@michealb and Hive account@jarvie produce a lot of SPS and Aura, but since jarvie runs a larger grain and stone deficit, michealb's earning is higher at 5350 DEC/hr, while jarvie's earning is 4701 DEC/hr. Here is a supporting chart to help understand that:

You can multiply them by 24 to get daily earning in DEC 128,400 DEC for michealb and 112,824 DEC for jarvie!

LERs

Land Efficiency Ratios!

Just because they earn a lot doesn't make them most efficient. They are both large land owners. Michealb has 1548 plots active, while Jarvie has 1409. They both produce similar amount of DEC/hr. What if I take a ratio of the hourly DEC generate per plot?

Land Plot Efficiency (LPE) = (Total DEC Equivalent generated/hr)/ (Number of active Plots)

There you have it! Vugtis does generate 2.54 DEC/hr/plot, but in terms of efficiency he is ranked 280! Obviously! Simply because he has 6283 plots. Whereas, goldmatters with only 154 plots, ranks 4 in the LPE, because his LPE = 16.92! Pulling 2605 DEC/hr, or 16% of Vugtis's DEC rate, but with only 2% of the number of plots Vugtis runs!

I am sure you see the power of LPE!

Next:

But, how much PP Vugtis employ?

Land Card Efficiency (LCE) = (Total PP employed)/ (Total DEC Equivalent generated/hr)

As per the formula. Vugtis's LCE = 3594, with a rank of 1204

While, Goldmatters LCE = 1658, with a rank of 1342; which is rather similar.

We will make plots to understand the utility of these land ratios better.

LPE Plot

Thanks to Hive account@beaker007 I have collected data for 2915 land owners who are currently producing resources from land. Out of that 1836 land owner account currently producing 0 or above DEC. Therefore, 2915-1836 = 1079 accounts are generating negative DEC. Please take that with a grain of salt. This is because, as of now, we can't assign at instantaneous value to research. If an account produces a lot of research, it is currently net negative, though I am sure (I hope) it has some future value that is unknown.

Point is, if the net DEC equivalent generated from all land plots for a particular account is negative, its LPE Ratio becomes negative.

Circle size is base PP. Yes, Vugtis is very visible in the middle! But look at Hive account@cryptoeater and Hive account@goldmatters ! They are highly efficient!

We can also plot LPE against boosted PP, and it shows a very curious scatter. It separates the cloud from positive earning vs. current net loss. Also shows how efficient some of the people are. For example, I am barely positive! Don't worry I am going to change that soon!

There you have it. If you want to see where you are as a landowner, please let me know in the comment, and I will try to highlight you.