ROI On My LEO Mining???

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(Edited)

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Hello!

I have bought 1K LEOM two weeks ago at a pretty reasonable prize(2 Hives per LEOM) and then it all went Kaboom with LEOM appreciating 4 times. Although I am happy with this timely investment, but a part of me regrets not buying more of the miners.
LEO has already surpassed expectations of many and the future looks auspicious for the project, thanks to the timely astute decisions by the team. Creating liquidity pools for wLEO on Uniswap was an example of such decisions and other projects like Splinterlands have also followed the LEO footsteps wrapped their token.
I have been having some nice and steady LEO mining returns courtesy of the 1K staked miners. With every LEO mined, I feel I am getting richer.
Here is a bar chart and table of my last 8 days LEO mining rewards:

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Date
Leo Mined
27 Oct
5
28 Oct
4
29 Oct
5
30 Oct
3
1 Nov
2
2 Nov
2
3 Nov
3
4 Nov
3
Total
27
Average(Per Day)
3.375

ROI Calculation

Let me calculate the ROI on my LEOM investment. So, I am getting 3.375 LEO per day(on average) for my 1000 staked LEOM. SO 1000 LEOM costing 8000 Hives are giving 3.375 LEO worth 5.708 Hives daily. That makes 26% annual return on investments. Not bad at all.
This ROI is based on current LEO & LEOM prices and LEO mining rewards, which can vary quickly. Considering the future prospects of LEO, I think every LEO mined is worth it.
Another point to consider is that I have bought LEOM using 400$ worth HIVE and now the miners have appreciated to 1200$. 800$ profit in just 14 day. That is huge.

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Look at the chart with all pretty green sticks. Ain't that a beautiful sight?

That is all for now.

See Ya😘

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Posted Using LeoFinance Beta



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