2846 Hive Power remaining - 27 days left
Yesterday, I started my crazy challenge in which I want to power up 3172 Hive in 28 days to reach my yearly goal of 72'000 Hive power. Don't worry, my plan is not to write a post every single day to document my progress but I want to show that I'm serious and for that, day 1 matters ;-).
Getting started with the easy things
My plan is to reach 15'000 HBD and 72'000 Hive power by the end of the year. Today, I started to make sure that I don't have more than 15'000 HBD. I started a withdrawal of 100 HBD that will become liquid in around 3 days. Once it is liquid, I plan to swap it for hive and power it up.
The second thing that I did today was exchanging a part of my swap.hive for hive using keychain swap. I managed to power up 300 Hive thanks to that.
Both of these things are the most obvious first steps and it will become more and more difficult to find new sources for my power ups at a later stage.
The organic growth will play a role
The great thing when you have a lot of hive power is that it works for you. The organic growth from staking hive which is about 2.85% and the curation rewards from voting on content is about 9%. That's the average over a year. Between the moment I made the post yesterday and today, 26 hive were added to my stake thanks to these two mechanisms.
Let's say that I roughly earn 25 hive from my stake. This means that I still have to collect 92 hive from other sources every day since I need to grow my stake by about 117 hive daily to reach my goal.
209 Hive above benchmark
I defined a benchmark which increments by 117 hive every day. After one day in the challenge and a total increase of hive power of 326, I'm 209 Hive above the benchmark today. This is a great start but as I said, so far I've taken from easy sources and they will be empty pretty soon.
| Date | Hive Power | Difference with previous day | Benchmark | Difference to benchmark |
|---|---|---|---|---|
| 03.12.24 | 68828 | - | 68828 | - |
| 04.12.24 | 69154 | +326 | 68945 | +209 |
In the coming days, I will pull some more from hive-engine and I also plan to swap my HBD once they are liquid. I will create the next update after that...
Make your own December challenge!
I invite you to do a similar challenge for yourself. If you plan to do it make sure to use the tag #december. I will follow your progress and support you on your journey.
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A post a day will help you over the line!
That's true but I'm not sure I manage to produce one every day :-)
I will, I guess that would be part of my continuous challenge, not only for December. 😀
Plus, another challenge for December remains my SPS stake, to reach 200k.
I don't write daily about my progress, that would be boring to my readers, but I do write every Monday, which also helps me track things over time.
It's not bad if you write a post everyday to document your progress. In reality, you'll be inspiring someone out there, unless of course you don't have the time to do so.
I'll try to post regularly. I will probably not manage every day but certainly more often than I've done in the last months. If I can inspire somebody, I would be happy :-)
My December challenge is to get 60000 HBD staked while also rising my HP (which already reached the target of the year) 🙃
That's an impressive amount of HBD that you have already. Your challenge is even more crazy than mine lol. Good luck!
Good luck with reaching your goal.
!PIZZA
Thanks. It's ambitious but I'll try to get there :-)
That is pretty good progress. I think you will reach it so long as you are consistent. If you keep posting, it will work out and you will reach that goal without any issues. That powerup will make your life easier too.
It was nice to make 10% of the progress in the first day of my challenge. It will be a bit tougher down the road but we'll see :-)
Great work, that will get you closer toward your year end goal. Need to think of my goal for the challenge too.
I pulled about 50% of what I have on hive-engine so there is some more there but I still need some for daily transactions.
That is a huge challenge for sure. I hope you can reach the goal by the end of this year man.
I think I could only reach that amount for a few months !LOLZ
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It's definitely a challenge but I'm (still) confident that I will manage ;-)
You're doing well. Let's keep pushing the challenge.
It was a good start I believe :-)
Hehe go go go! 100% vote for this one!
Thanks a lot for your support ;-)
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I would like to see 120k before this bull really starts.... !pimp
I wouldn't mind either :-)
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