Earn more by using multiple accounts
The Hive Blockchain
Before I created my first account on Hive almost two years ago I didn't know a lot about Hive. I did notice that posts that were made on the Hive Blockchain were receiving Hive tokens which represented a certain value.
I was intrigued by the idea of creating content and getting rewarded for it, so I decided to create an account.
Because I was uninspired I used a random nickname generator to create a username for me. I registered the name that came out of the generator; GruesomeMoose.
But after thinking about it, I found it not too friendly, so I came up with friendlymoose instead.
2nd Layer Tokens
A few weeks after being active on the Hive blockchain I discovered that I was collecting more tokens than only Hive. When I found out about hive-engine (https://hive-engine.com/) I found out that I had already collected loads of different tokens without realizing it.
You receive these free so-called second layer tokens in a couple of different ways. At first you can receive them when you create a post with a certain tag or within a certain community.
Votes of other users that have those tokens staked will get you small amounts of those tokens too.
And when you stake the tokens yourself (via the hive-engine) you'll receive curation rewards for those staked tokens too.
This way it is possible that you receive curation rewards from a couple different tokens just by casting one vote.
Why multiple accounts?
If you're receiving all the different tokens just by one vote, why would you bother creating multiple accounts?
As you probably know the number of votes you can give away is limited. With every vote your voting power will decrease a bit. It does recover over time, but you do have to wait for that.
And then there is this unwritten rule that your voting power shouldn't be under 80%.
It takes 10 times a 100% vote to bring your voting power down to 80%.
And as you can see in the screenshot above it takes almost 19,5 hours for my voting power to be at 100% again.
But what if only one or two of these ten votes is on a Leofinance post? Then you don't make the most out of your stake. You 'throw away' eight valuable votes.
Leofinance and ProofOfBrain
Apart from photography I'm also interested in crypto, so I lurk a lot in the Leofinance community and I also create daily #leofinancestats
And a year ago I discovered the ProofofBrain community and started posting there and using the #pob tag.
Being active in these two communities resulted in quite a bit of their tokens and the 'loss' I mentioned earlier was getting bigger and bigger.
That's why I decided to create dedicated accounts for those communities. And that's how my @friendmoose.pob and @friendmoose.leo were born.
I started delegating POB tokens from my main account to my @friendmoose.pob account:
At the moment I delegate 13549 POB to this account. Together with another incoming POB delegation I receive on that account my vote of this account is between 10 and 12 POB. That makes more than 100 POB for 10 votes.
With the current value of $0.01 for 1 POB it isn't much, but still around $1,-
And when you keep on staking the rewards it will slowly become more and more.
So it's wise to check your hive-engine to see if you have a lot of tokens you didn't know about and in the first place stake them and maybe in the second place delegate them to a dedicated account if you think it's worth it.
Posted Using LeoFinance Beta
That’s a great way of putting it @friendmoose.leo why more accounts do make sense.
Something to look into once somebodies account is more established 😎
Posted Using LeoFinance Beta
Indeed. It might be interesting for some people.
It sure will be helpful this information 😁
Posted Using LeoFinance Beta
Quite an interesting post. I'm still newish and dont fully understand the ins and outs, but I had got the impression that multiple (personal) accounts are frowned upon, and as a result I only have one account. But you make a good point ! Thanks
Posted Using LeoFinance Beta
There is such a lot to discover and learn on Hive!
I did create an account to curate in other communities before, but with time I realized, i just don't have that much time rn to run multiple accounts.
Curating is more effective with multiple accounts but I'm still going to focus on building my main account first for now.
I'm sure with time I will be more positioned to curate each community with different account.
Posted Using LeoFinance Beta
I grew my main account first. The curation rewards are better with more staked tokens.
That is a benefit, but that means also you are doing more posting which takes time. How do you allocate your time most effectively?!
Posted Using LeoFinance Beta
I'm not posting more since I normally posted different blogs with one account.
You do need to curate more. Every account has voting power you could use.
You can follow a votting trail and configure it to vote only when your voting power is above 95% or something like that.
so the value is to be gained by having more votes with separate tokens?
That's it. I use my POB account to vote on POB posts only to get 10× 100% POB curation rewards.
legend, that makes sense. 😎
Hello from Listnerds -- try to wait until you can mail to 1,000-1,500 people at a time, and you will have a better CTR. My first mail went to only 300 people ... big mistake...
Another unwritten rule on Hive: generally, multiple personal accounts are frowned on. To me, your justification makes sense, but opinions differ widely on this.
Thanks for the tip.
It's hard to find out these unwritten 'rules'.
I saw more 'popular accounts' using multiple accounts and they were all using the same username with a .leo or .pob extension, so they weren't trying to hide it.
That's why I didn't thibk it was an issue to do it as well.
Woa, you managed to earn so many POB? Did all these come from blogging+curation or you also did purchase POB??
This is all from blogging and curating.
And I even give away the author rewards from my #pobphotocontes posts to the winners of the contest.
Woa, able to accumulate over $100 worth of tokens, that is really an insane milestone!!!
I hope the token will grow in value again over time 😃
Hi Moose, guess you are the same friendly MooseI met on Noise. First of all no worries about messing up your first Listnerds post ...most do.
Secondly 500 might be a bit on the low side. Based on my experience between 1000-1500 does the trick.
What is the reasoning behind that unwritten 80% rule? As I am currently dow to 70% on Peakd I might need to be a cheap Dutchie for a day and not vote. But thanks for explaining as I never read the rule neither the time it takes to recover.
Enjoy Listnerds !CTP
Posted Using LeoFinance Beta
Hey! Yes I'm the same one. One of your compatriots 😉
I couldn't find any guidelines in the FAQ or the instruction video's for this.
Is there a Discord channel that you know of?
1000-1500 mail tokens is quite a lot of clicking 😀
And after my first attempt I am a bit hesitant to spend money on it. And I'm a cheap Dutchie as well 😂
She got me hooked, but she also got a lot of new Listnerds guide links in this post https://leofinance.io/@thisismylife/listnerds-newbies-guide-or-enterprise-membership-rocks
Not sure if there is a generic Discord, I am part of hers as well I am her referral chance she owns me....
1000-1500 ain't much mail tokens you have a week as you are on the free list that is really doable and you might be able to reach it with less but this worked for me.
I forgot about the timout. 200/300 clicks a week is doable indeed.
And thanks for the link 👊