RE: Why LENM are different from traditional Hive-Engine Miners

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This is just a layer zero.

Yup I got it lol .

BTW since we are talking about future ;) do you have any plans for enabling delegation for LENM ? or will that mess up the project ?

ctp
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I think that we have answered on this one... It depends on how the project will develop... We have been asked about the LENM pool in the future, so if there will be a need for that, the delegation will be a must...
Atm, we think that it's not that important to have delegations... It's easy to enable them later, and they will be unnecessary expense, that we would rather invest in the growth of accounts instead

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Well since there is a popular perception that large amount of miners is necessary to get good returns , I asked that question ( In reality its not true) .

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Totally agree with that! If the price of a base token goes up, the miner's price can go up... The perfect example for that is LEOM and LEO tokens... When the growth stops, the miner's sales stop... but, they don't mine MORE tokens, but mine more "valuable tokens", if I can say it like that... It's all about the ROI :) :)

Actually, that happened with WORKERBEE and BEE tokens lately, but nobody noticed that... I (@ph1102) have written about that in my personal blog... The ROI is well over 20% because the price of miners (WORKERBEE) went down, and the price of BEE stayed the same...

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You are right 100% . I have been crazy over these token miners , have researched about them and have written scripts to see who has won in the latest round and all .

Do you know what's the biggest disadvantage of miners on Hive?

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I would be very curious to know that :-)

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Lack of transparency.
Not many know how much they are earning from miners.

Curation reward and author rewards get displayed on tribe transfers page but miner rewards doesn't , check it out.

Do you hold any miner? Do you know how much you are earning from them?

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I totally agree with you man. I'm actually looking into the scotbot settings of the different tribes to calculate the return of these miners and the probabilities of payouts. I don't believe many people are doing it when they buy these miners.

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I don't believe many people are doing it when they buy these miners.

I agree and I bet most of them don't even know how it works . That is why for a project like yours , repeatedly posting about how it works and reports helps .

Also if possible put up a FAQ in your website about how miners on Hive works ( ignore if done already :) )

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We have this in the whitepaper:

A smart contract mining pool was created on the second layer of the hive blockchain. Every hour 20 LENM are rewarded
with 0.3 LEN each. This means that per day 144 new LEN tokens are issued. The weekly supply will be of 1008 LEN
tokens.
There will be no additional issued and sold LEN tokens. The only way to create LEN tokens is through holding and
staking LENM.

So, I suppose that's enough for now...

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