Well, the other day I did something for the first time. I am still on the fence about whether it was a good idea or not. I guess in the end time will tell.
Through a series of events I ended up purchasing some of the CTPMiner token on the Leodex platform. I have been trying to make a concious effort to use LeoDex versus Hive-Engine.
It isn't that I don't like Hive-Engine, I just like supporting Leo in as many ways as possible. Since I don't have the ETH bag to bother with wrapping LEO, I find other ways to contribute.
So as I said, I have never really owned any of the second layer token miners before. There was a day that I purchased and held some Hustle Miners, but I don't think I even held them 24 hours before I realized it was probably as stupid move.
It was actually late last week that I made my first purchase. I had some HBD sitting in my wallet so I took it to the market and got some Hive. I kind of wish now that I had held onto that HBD given what the prices have been doing at the beginning of this week. I am trying not to let it bug me too much because the great thing about Hive is that as long as you are posting, you can always make more.
As I mentioned, this was really my first time every buying some miners. At the end of last week they were selling for 1 Hive per miner, so I took my 125 Hive and I purchased that many of them. This is the part where I am a little ashamed to say, I don't actually know a ton about the project.
I know that they have a really great team from what I have seen and I know that people are getting relatively excited about the things they have in the works. has been shilling it pretty hard and since he and I have been kicking around in some of the same communities for the past three years, I have a lot of faith in him.
On top of that, I have seen several other people talking about their support for the project including the announcement by @Brofund the other day about how they are going all-in on CTP. In fact, my only issue with CTP is the fact that I regularly forget to add that tag to my relevant posts.
This is all a pretty big experiment for me. While 125 Hive may not be much to some people, it is quite a bit to me. Relatively that is. It's really only about $20 which doesn't buy you much in the US, but it is also 125 Hive that I am not powering up which keeps me from reaching my goal of 25,000 HP.
As of right now I am kind of getting the feeling that token miners are very similar to DeFi in that if you don't have a lot of funds to spend up front, they might not actually be worth it for you. Even with the additional 25 miners I picked up the other day to put my total at 150, I think I am only standing to make about .5 CTP per day. I should also note that my batch of 25 miners cost me 1.25 Hive/per, so the price of miners has already increased.
Now, if the price of CTP happens to go up the way a lot of people think it will, then that is a good thing. If it doesn't, I am afraid the ROI on my miner investment could take decades. God willing I will still be kicking around here after that long, but it kind of makes me wonder if I made the best decision.
I guess I just need to remember what I said earlier. As long as I am still posting, I can always make more Hive. I should consider that 150 gone and just move forward making more. Any CTP I happen to pull in is just a bonus.