I was so happy to have Splinterlands Land plots that I just added cards and staked DEC whenever I got any extra. I figured the resources that I produced would bring me lots of DEC that I could plow back into land and this cycle would help increase my Splinterland assets.
I was so busy in growing and expanding my land that I was not really focused on what Land was about to begin with:
Resource Management
Using various resources to produce other resources...
And yes that is what I was doing, using DEC and Grain to produce more grain, wood, stone and iron so that I could produce SPS and research.
I was not looking at the flows of the resources and if I was producing them at the most efficient levels possible.
Then time got away from me and "Land Cards" were introduced. I received an allocation to be able to craft Common, Rare and Epic cards. I was all excited about this and saved my resources that I had been selling so that I would be able to craft as many as possible.
Still not thinking of the real cost to produce resources on land.
Land Cards Sold Out
I was able to get resources for about half of my allocation before all cards had been crafted by others. I was only able to get one Common and one Rare leveled up to Level 2. Some benefit but not a whole lot. Now the land cards are priced so that it would take several years to recoup the investment.
But back to my story about Land management...
I noticed that during this time period when everyone was buying up all the different types of resources, demand for grain and wood drove up those two resources very high which meant if you did not have land to produce these you had to pay top price for them. This also meant that any resource they were an input into would be less profitable as the cost to produce ate into any resource output value.
I was very excited during this time period as my wood was bringing in a premium so I did not think much more about it.
I have several Stone Land Plots. They were producing stone that I sold or put into the LP not thinking about the actual cost to produce stone related to the value.
Then I noticed that I had less and less resources left over after I would harvest all my plots and it was also eating into my DEC that was used to add resources into the LP.
That is when I took a lot closer look at the actual efficiency of my plots using Peakmonsters and noticed all of my stone plots were actually costing me more than they were actually producing output value.
Stopped Stone Production
I made a quick decision to stop all of my stone production until I could get a better handle on what it was costing my to produce stone. I pulled all of my cards off my stone plots and removed the energy source.
Once I was able to get a better feel, I started back my Rare stone land plot as the 10% boost at least got in a tiny bit above breakeven. I also reactivated a common plot with some low Production Power cards so that I could keep an eye on the net income of that resource without needed to do a lot of calculations.
As you can see in the above screenshot, the common stone plot is exactly at breakeven. This might be good if I had extra grain to convert into stone, I would be able to save the 10% conversion fee.
For now, I will be watching the prices of the various resources (grain, wood, stone and iron) to ensure it is not costing me more to produce a resource that I could just buy out right for less.
In the meantime, I have been adding the cards removed from my stone plots to my grain plots since that results in a better value for the use of those assets.
**Prices Fluctuate **
Since the prices fluctuate, I will need to review these on almost a daily basis to ensure I am not throwing resources away. I am now almost moving cards around on a daily basis until I can get them back in balance from an efficiency basis anyway.
Hopefully I can get this better balanced before the next big Splinterlands event occurs which I think will be the new mini set pre-sale. This could cause a drastic change in prices again which could cause me to rethink everything again.
SPS Validator Node
I also have a SPS Validator node. If you would like to support my node by voting with your staked SPS,
You can vote on up to 10 different accounts, I could really use the votes:
https://peakmonsters.com/validators
validator name: darmstrong
