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Hive Learners

Why Hive Feels Less Rewarding Lately (And What You Can Do About It)

Max@curamax (80)409d

There’s a topic I’ve been meaning to talk about in a post, but for some reason, I kept postponing it until today. Maybe it’s because it’s a bit of a sensitive subject, and I’ve had difficulty framing it in a way that doesn’t offend others. Or maybe it’s just my personality. I tend to be diplomatic and always consider how others might feel about what I say, which often leads me to avoid discussing topics that might spark disagreement.

This topic is rewards.

image.png created using Sora

In many ways, Hive is unique in the crypto space because it took a different path in terms of token distribution compared to major cryptos like BTC, ETH, and others. Most crypto projects that came after the early ones distribute their tokens through mining, staking, or faucets. These methods typically require either technical knowledge, an upfront financial investment, or insider information to access.

But here on Hive, anyone can participate. You can be a regular person and still earn Hive tokens simply by doing what you already do on a daily basis by engaging on social media.

That is why, back in the days of Steemit, Hive (then Steem) was referred to as the “Facebook killer.” The idea was that people would rather spend time on a platform like Steemit because it gave them the opportunity to earn money for creating content and interacting with others. And even today, that model has not changed. Users can still earn Hive by posting and commenting.

However, it is becoming increasingly difficult to earn on the platform, especially for new users. In fact, even long-time users are finding it more challenging over time. I have heard sentiments like these from members of the community:

“I wrote a 3,000-word post and earned just a few dollars. It’s not worth the effort.” “I’ve been on the platform for months and still haven’t received consistent support from whales.” “I’m very active here, but I’m not getting the attention I feel I deserve.” “It’s unfair. I put so much effort into my blog, yet I earn far less than someone who just posts a podcast announcement.” “The rewards are shrinking because the value of the coin is dropping.”

There is a growing sense of disappointment as Hive becomes less profitable in dollar terms, and content creators earn less than they used to. Understandably, this discourages some people from participating, posting content, or engaging with others on the platform.

This frustration is spreading, and I cannot blame those who feel this way. The visible decrease in post rewards is real. I remember when trending posts would earn hundreds, sometimes even thousands of dollars. That kind of visibility and reward drew a lot of people to the platform.

I even recall one post earning around $15,000 just for talking about a makeup or beauty routine. I cannot remember the exact content, but the rewards were massive. Of course, that did not last long. It happened during the hyper-inflation phase of the blockchain. Since then, inflation has slowed down, and the tokens distributed to users have decreased. Combine that with the declining dollar value of Hive, and naturally, post rewards have dropped in real value as well.

That said, regardless of what is happening with post rewards, there is one aspect of Hive that still offers a steady way to earn from inflation, and that is curation.

Having a decent stake in Hive Power allows you to earn curation rewards. Currently, it is possible to earn about 8% APR simply by upvoting content, in addition to around 2.9% APR in staking rewards.

In short, your Hive Power gives you a reliable way to earn rewards just by curating and holding. But of course, this comes with responsibility. Stakeholders are the ones who support the Hive platform’s value, and they are responsible for distributing rewards from the reward pool. That is why many of them are selective with their upvotes, supporting only those authors they trust or believe are adding real value. Similarly, they also downvote content they feel is being over-rewarded.

It is a sensitive topic, but that is how Hive works.

If you want to earn here, you either need to work hard to create high-quality content that attracts curators, or invest in your account by staking Hive and curating posts yourself to earn a share of the curation rewards.

In the end, understanding how Hive rewards work is essential to navigating and thriving on the platform. Whether through content creation or curation, there are opportunities available for those willing to learn and engage. While challenges exist, staying consistent and informed can make all the difference in your Hive journey.

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curamax.gif

Comments · 14

  • @hive-lu(65)· 401d

    Hello curamax!

    It's nice to let you know that your article will take 6th place. Your post is among 15 Best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by keithtaylor

    You receive 🎖 1.0 unique LUBEST tokens as a reward. You can support Lu world and your curator, then he and you will receive 10x more of the winning token. There is a buyout offer waiting for him on the stock exchange. All you need to do is reblog Daily Report 731 with your winnings.

    2.png

    Invest in the Lu token (Lucoin) and get paid. With 50 Lu in your wallet, you also become the curator of the @hive-lu which follows your upvote. Buy Lu on the Hive-Engine exchange | World of Lu created by szejq

    If you no longer want to receive notifications, reply to this comment with the word STOP or to resume write a word START

  • @pizzabot(60)· 406d

    PIZZA!

    $PIZZA slices delivered: @definethedollar(2/20) tipped @curamax

    Come get MOONed!

  • @vaynard86(76)· 408d

    I am here for many years. Just keep building regardless what is the upvote. Dwelling too much into it will just spoil your mood. As long as you are doing good content, just continue working on them.

  • @relf87(76)· 409d

    Hmm at the risk of sounding unfriendly/unpleasant, I am afraid that the harsh reality is that voting is something you have no control of, and hence, it might be too unhealthy to set expectations that you should be getting x amount because it can easily lead to disappointment.

    Every post starts from zero and personally, I almost never have any expectations what I will be getting. A good amount of my posts are just 1 or 2 dollars and that doesn't bother me because writing is a hobby of mine and this is not a job.

    The voting is sometimes "unfair" and "surprising" at the same time. Even for myself, I have posts that I put in a lot of effort to research and write and didn't get much votes, but on the other hand, there are posts which I didn't require that much effort but a good amount of votes came in.

    Finally, it just struck me to ask whether I should be upvoting your posts because you are downvoting at the same time. If I am "sabotaging" you in any way, I can stop the upvoting too.

    Cheers.

  • @julianhorack(76)· 409d

    After seven years on Hive/Steem, the drop in votes value is tragic for me, and the poor response from just ten or so whales that run this whole show who used to upvote but now don't bother, has driven me away from posting much any more.

  • @coderaikiri(70)· 409d

    There was a point I almost felt like giving up For months I was not getting anything despite my level of activeness. It got so bad posting becoming extremely difficult as it felt like a waste of time. However a friend of mine encouraged me that even if it gets though I should continue as there are bound to be benefits someday. I am still struggling 🤣🤣🤣🤣 but I won't give up though

  • @funshee(71)· 409d

    When the price of hive is low, not everyone would feel motivated to keep posting like they used to. Just wait till the price of hive is like times four of what it's now, you might suddenly see more people being very active with posting. It happens all the time.

    And you are right, to earn on hive is not limited to creating content, putting HBD In saving and be earning 15% APR is another cool way.

  • @definethedollar(75)· 409d

    Not sure if you were trying to preempt downvotes from the bullies who go around removing rewards because they think a post earned "too much" as if their opinion is more important than all the people who upvoted because they have deep pockets or kissed the right asses, but I don't think your post deserved a downvote from yourself.(maybe you are one of those bullies?)

    Either way, I read it and felt it was worth my vote.

    !PIZZA

  • @funshee(71)· 409d

  • @mad-runner(79)· 409d

    @tipu curate

  • @ccceo.voter(62)· 409d

    [@PowerPaul:]

    Hey Max! Because of your participation in the CryptoCompany community and your participation in the "Banner for Boost" campaign you received a vote from @CryptoCompany and its trail! Hive a great day!

    Please don't vote on this comment as a thank you, because this comment is not really POB. But if you like to thank me for my service and support development of more services, please think about a small HP delegation to @powerpaul or visit my blog and leave a vote on a posting there. Thank you very much for that!


    !LOLZ
  • @nathen007(73)· 409d

    The biggest stakeholders have too much power but sadly, that's the fundamental economics of HIve, so other than buying a few million Hive and staking it, there's very little to be done. The issue is that the majority of these mega stakeholders care nothing about what they're voting on as it's all about maxxing curation for them. Even if the content is decent, there's often zero engagement from many users whose only reason for being here is to post and cash out.

  • @seattlea(77)· 409d

    Interesting, I am too new to have know about those days that you speak of. To me it is way more exciting now than when I was starting a year ago and rewards seem to be getting better and better. I guess that is the benefit of not knowing any better LOL :)

    On a serious note though if I were to put on my hat as an investor I would have serious questions as to why I would want to deal with curating content and earning 8% + 2.9% on staked Hive Power if I could simply deposit my $100K USD into HBD savings and walk away with 15% and less risk exposure to Hive which is much better than that combined 11% when it comes to the big money...

  • @bhr-curation(63)· 409d

    Rewards are key! Focusing on quality content feels like the right way to go 👍