TOP RANK in DCITY! REWARD POOL GROWTH ENORMOUS!
We are crushing it in DCITY!! Today we scored the top rank!
This is not an easy feat, as @luca-legend's coveted spot is 'priceless', and he will go to any lengths to maintain it. The only way for us to grab 1st place is to move some cards 3 minutes before the snapshot and hope he is not online.
Thus why today we will take a picture, it will last a lot longer than our actual lead....
In fact, as I check now, we are already back in second place, less than 1 hour later.
You might have noticed that many of the top cities are using the 'zero income strategy'. This is fully dedicated to population and popularity growth, with no regard whatsoever for SIM income or social costs.
Yes, there is the 'Luxury Tax', which makes the actual rewards payout 30% less than it appears in the ranking screen. Instead of 225 hive, we received:
So in this way, it is very good that the top cities are zero income, as it helps the reward pool deplete less quickly. There are only 3 cities with SIM income left in the top 10, how long before we boot them out completely with this strategy? The OG Mighty Volcano is about to fall from top 10, but it will take much longer for current president D-Pend to fall from grace, especially with the current zero income cities competing with each other for the cheap basic homes, apartments and parks.
Taking a look at the cityhelper estimates, we can see that our zero income city is valued at just under 14,000 hive.
At a current market price of 0.00495 for SIM, and an estimated valuation based on the market for the last 30 days of 2791561 SIM, the exact estimated value is = 13818.227 hive
Considering that we can receive second place rewards of about 123 hive per day right now (after the 30% luxury tax), when we divide we get
13818.227 / 123 = ~112/113 day ROI
The Zero SIM strategy is competetive ROI with the SIM strategy!!! (ceterus paribus, but with no taxes to calculate and a growing reward pool, you do your own math)
😁 😆 😅 😂 🤣
Freedom and Friendship!
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Thank you @ecoinstats, for using the CO2 Compensation Coin (COCO / SWAP.COCO) on Steem-Engine or on Hive-Engine to reduce your CO2 footprint. You want to join? Buy some COCO / SWAP.COCO and transfer them to CO2Fund's account @co2fund.
Congrats to this achievement, even if it will be short lived! Now I understand the strategy, but you need to be in the top 2-3 spots, else the ROI is gone. For the health of the game, yes, zero income cities in the top10 are needed, together with the max luxury tax.
Thanks for the continuous tips!
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Yea but look at ur sim income. 0. Worse than some of the cities at the bottom. You gotta raise that number up. Thats worse than rookie numbers.
Sincerely I could not wrap my head around all you said.I feel I gave to be part of the game to be one. I feel joining will make me speak your language also
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Congrats on your 15 minutes of fame! 🤣
The zero income strategy has a good ROI, but only for the top 5 or 10 I think. For anyone below that SIM income is still more worth it. So this means it's not a strategy for everyone, unfortunately.
haha the old sneaky last minute snipes
Im glad i started a city. What's the saying? Not too late to join? LOL
Well done Mr Mayor. Great status achieved there in your city. I am on the other end of the pack, with little to spend on my city, so I watch from the sidelines until I get an idea of it all. My crypto is so precious to me that I don't want to spend any Hive unless I know it will be a profitable investment long term. And math is not my strong point lol. Still there is some logic to the dCity...
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What is the benefit of Zero SIM income?
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It's not really a zero-sim-income strategy, otherwise we'd all be winners!
It's a maximise-population strategy to get hive income from the rankings - so essentially a high-rank-hive-income strategy. The zero sim income is merely a consequence of this - lots of population and popularity and forsake the income cards.
Yea, I get that more Hive rewards but wouldn't the SIM rewards highly surpass the Hive reward in terms of value.
Generally, yes. There are a limited and competitive slots where this strategy is viable as well. But as a simple answer, this strategy uses different cards than the SIM strategies, unloved cards, cheap cards.
The rewards also aren't subject to tax, which is low right now but could be higher. And the reward pool has been expanding! How high it could go is anybodies guess, but that affects the math here as well.
Ohh 😮 holy moly
Yep, as @ecoinstant said. Also a reminder that two different strategies can both be good, but not so good together in one account! Hence decide on what you wish to pursue and stick to it.
Was a few moths ago when I totally changed strategy - was not hard to do but it did take a bit of buying and selling.
You lost me at the ROI! lol. Shouldn't it be the other way round?
like
123/13818 = 0.89%/day = 324% APR !!
Well done, even tho u got d-pended eventually.
Thanks for the math lesson! I agree with you, what am I doing here, turnover rate?
no worries - good work, man!
but it ain't @luca-legend instead is some other alts.
My sim went up since i sold my city and rebuilt it. But taxes brought it down a little.
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