Topic: HBN Investment Journal - 2% returns every ten days - 90,000+ HBN Porfolio - page 37. (Read 69845 times)

Another quick question on HBN, since you seem so knowledgeable...

If I actually don't run the wallet much, am I losing out on staking? Could I just run the HBN wallet once per year, for example, and get all the stake blocks for that year over the course of a day or something? There are just so many different PoS coins now that it would be rather hard to keep them all up to date all the time...

thanks for the kind words.
to answer your question when it comes to cryptos and profit, you should always measure your gains in BTC. If you have more BTC than what you started with, you are doing well. You have netted a healthy return. You can keep the coins and PoS mine more. You can always sell your coins and roll the profits into another trade idea. If you want to sell your coins, sell them to me. Selling 20000 HBN at market on cryptsy, you will lose money. I can give you a solid trade.

I have sold coins at a loss, so that I could buy into another trade idea that generated me a profit in the end. I have sold off coins to pay bills, buy hardware, giveaway to friends. There are many reasons to sell, sometimes profit isn't one of them.

But the simpler answer is this:

You are only as good as your last trade.

Most of us are here because we want that big payout. That retirement money. That "confortable" lifestyle money. To me that would mean that if I can grow my HBN account to a vast amount, and sell it to an institutional investor for a 6 figure check, because every ten days its minting 1 BTC worth of HBN while everyone else is fighting for scraps with 100 terahash ASICS, then I will sell.

Or I may never sell, and just live off the interest, like how the wealthy do it.

You can add coins to one address. That is what I am doing. I am doing this for the purpose of this Journal, its a lot easier to manage. The stake works through coin age. Once your coins have aged, the network sees this and allows you to "stake" your coins. A "stake" is basically you telling the network "hey, I hold these many coins and have held these coins for more than ten days". The network then lets you mint/mine a block. The block still contains transactions from the network, but instead of the regular reward that you get from PoW mining, you get a percentage of your stake as a reward.

You can leave your wallet all the time to stake coins quicker and maximize gains. Its best to get a VPS, load up the wallet and just leave it running. One problem with having a wallet open 24/7 is that later on you will have minted so many blocks that it creates what is called "dust".  Dust causes your CPU to runs at 100% all the time as you will continue to stake smaller and smaller amounts more frequently. This is because every time you stake a block, the coins that you used to stake get split up in 2. then split again in 2 the second time around.

One way to avoid this is to move the coins to a separate wallet, then move them back. You will reset the coin-age and eliminate the "dust".  I plan to do this later on if it becomes an issue, because I run my wallet on my own hardware. But seeing how I don't run my wallet 24/7, I should be OK.

hey @tokyoghetto,

I stumbled upon your journal because I was wondering if the HBN was dying or it was still alive

You are right! Great dev team (I always see him/them post on the official thread)

So I guess the coin is not dead and I am pretty happy with that.

I had the same basic idea and line of thoughts that you had about HBN maybe around a month and a half (moderate net hash rate, nice 2% stake every 10 days, it got overlooked by the community etc) so I had the same basic idea of getting a nice amount of HBN and let them sit

But I am a rookie trader... so I am glad to follow this thread since I might get some nice nuggets that I could apply in my strategy.

I have about 20k HBN and I saw the price quadruple over the course of my initial purchase/minting.  I did not sell though. I do believe in the future of this coin, as long as there is a good marketing strategy behind it, which is VERY important and what makes a coin like DOGE coin so popular.  At some point, HBN will needs this publicity and attention.

I think what I want to say is keep posting your evolution, it will benefit the community in the long run.  People love the quick buck (I get that) but in the end, what comes in fast, can also go out fast.

So reading this (being a noob into trading) I feel like I did a good move.

Keep up the good work man 

cheers


Oh and I'll even throw in a question for you.  how do you know when to sell?  what are/should be the basis of the decision to sell? (I guess profit but I'm looking at understanding how to mesure profit the "correct" way)

Thanks

I will just leave them where they are. The 366 HBN will start to age as soon as they are minted. There is no way to get better gains by moving coins. You actually destroy coin age by moving the coins around. So by leaving the coins where they are, in about ten days I should earn 2% on the 366. That equals to 7.32 HBN. Not only that, I still have my original horde of 15000+ HBN. So I would earn 2% on that as well. It becomes a snowball effect, where every time I stake, my result should be higher than the one before.

All these gains, from remaining patient. No messy GPU mining. No chasing after "hotcoins" dealing with DDoS attacks on pools and rising diffs. No wasting time on scamcoins that fail and never get on an exchange, wasting hashing power.

Finally Thought

I wanted to see how many HBN a person can get if they were to buy up the cryptsy order book, from the best offer all the way to 0.00010000

Here is the result.



Just proof that there really isn't that much HBN out there. My "ideal" goal would be 150000 HBN. But I would only be able to buy 55540.77388429 HBN, costing me about 5.5 BTC. The better way to do this trade would be to be the best bid, which means I can buy 150000 HBN for 7.89 BTC, if I could buy it all at 0.000005262 BTC, the current best bid. That would be a difficult trade to pull off, perhaps if I ever get around to doing it, I might do a video showing how easy/hard it is to pull off a big buy. Or I might just screencap it and do a write up. We shall see.

Here is the result IF you were to buy ALL existing HBN sell orders on Cryptsy.



I would never come close to 100000 HBN. I would be paying 14 BTC to get just 85000 HBN. Executing a 100000+ HBN buy order at the best possible price is going to take some skillful planning and execution.

Patience is my friend.

Would you want leave those 300 where they are, or move them around with some other freshly staked blocks for better gains?

So the HBN Investment Journal has minted its first PoS Block!

I just got home after a long day of work and a good session at the gym. I fire up my trusty 6 year old laptop and put some Mob documentary to watch, while I chow down on some chicken stir fry and a brotien shake.

I open up my HBN wallet and low and behold, I mine my first HBN PoS Block, a nice new born baby block coming in at 366.783788 HBN!



So this block, using the cryptsy order book, looking at the BID price is worth the following:

0.00005140 BTC x 366.783788 HBN= 0.01897373 BTC!



Converting that to fiat (which we shouldn't really care about) is $16.92 CAD. (892 CAD x 0.01897373 BTC).

Not bad for holding some Hobonickels eh!

So at this point we can turn around, take out the 366 HBN and sell for BTC. However, we are going to leave the HBN in the wallet and work some more magic known as compound interest. This is when we really turbocharge our account for maximum gains. I will talk more about compounding interest in another post, for now I need to get back to eating and watching my gangster shit.

HBN has good devs indeed. Also I'm curious how this will unfold.

screen cap of my wallet.

Tranz is an awesome dev. He helped out with ADT at a time when most devs avoided it like the plague. He puts in an insane amount of work into hobonickel. Please feel free to donate to Tranz so that he may continue his great work with Hobonickel.

check the "services" section of the bitcointalk. Plenty of people offering rigs for rent. Or you can use leaserig.net, its a new service that is currently in live beta. I haven't used them personally but I have heard good things about them.

Sorry for the lack of posting. I wanted to wait until I staked my first HBN before I gave an update. Well basically the HBN investment fund is sitting at 15599.275075 HBN

the block explorer doesn't seem to be working but here are the buys from cryptsy. The reason why I got so aggressive with my position is because I noticed something with HBN. Even though there is plenty of HBN is being mined, hardly any of it hits the exchange. I also noticed the same miners on HBN, very few pool hoppers. So these miners are actually just mining and holding HBN, not mining and dumping.

The reason for this is simple. You want your money to work for you. I am sure that those miners/investors have done the math and have come to the same conclusion as me. A healthy 2% return every ten days just to hold coins is pretty sweet!. The best part is that HBN is stable. excluding the first couple days when it was first listed, HBN has been VERY stable in price. I can hold HBN and stake coins while I mine other coins. If I ever need to increase my position on HBN, I can just point a miner at a HBN pool or buy HBN on cryptsy.

The goal is 10% but the holy grail is generating passive income. Think of your main HBN stash as a house you own. The income generated from PoS mining is the rent money you get from tenants.

lets do some math.

15599.275075 x 2% every ten days = 311.9 HBN
311.9 HBN x 0.00005083 BTC (current buy price on cryptsy) = 0.01576071 BTC

0.01576071 BTC x 856 CAD (cavirtex.com) = $13.49 CAD.

that equals to 24 hours of mining using approx. 1500khash. Not bad at all. All I have to do is open my wallet, let the cpu miner do its thing and BOOM it rains Hobonickels.

I also have my initial equity of 15599 HBN which is worth 0.792897170 BTC

And that is every ten days! The best part is scalability. If you can manage to accumulate 155990 HBN, then the stake for every ten days using today's exchange rate is $134 CAD. That is more than what most people make in a day working a 9-5 job.

For a coin with a solid dev, dedicated miners, and generous PoS minting, hobonickel is that diamond in the rough. The low network hash just lets you know that HBN has been overlooked by the majority of people. I should be minting my first PoS block in the next couple of days, I will update you guys then with the exact result.

One last thing.

"moneysupply" : 2591676.42525500

Only 2.5 mil HBN exist. Keep that in mind.

great topic. HBN is gonan skyrocket for sure. ie admin lately saved RonPaulCOin from dying, this coin deserves more peopel interested

Hi Tokyoghetto

Could you please let me know where I can reliably rent Scrypt rigs?

I'm following your journal too - great idea!

Good advice, however there is more to learn then just backing up the truck on BTC and praying.

Simply don't invest into any Altcoin IPO BTC "scam". You are good to go. Nothing to learn really

i will do my best to help you learn.

Hopefully i can learn from your journal and stop losing money to scams

So here is a quick breakdown of the trading plan.

1. Buy 1000 HBN from Cryptsy.

But why 1000 HBN?

Its simple, 1.5mhash over ten days at current diff lets me mine 2000 HBN. so we buy 1000 HBN so that we can stake that in 10 days. We mine HBN during the ten days so that we can increase our position and lower our cost average on our initial 1000 HBN. We also get to stake the additional 2000 HBN. It gets staggard because we will deposit 200 HBN into our wallet so after we mine the last 200 we will stake on the first 200.

2. Stake Coins

already explained see above. basically open the wallet once every couple days, stake the coins and earn 2% on the coins we hold that have aged 10 days.

3. Sell coins

Once we realize a profit, measured in BTC, we move the coins back to Cryptsy for sale. This can occur at anytime. my goal will be a generous 10% profit. Price can skyrocket, diff can drop or whatever the stake is, can be what generates the profit. In either case, a profit is a profit and once that is accomplished, we sell.