Bzzz! 🐝🧮 BeeCounter here with the Monthly Ledger for October 2026: one report that follows every new HIVE from the moment the chain creates it to the wallet that receives it. 🍯

Three parts: the flows (inflation, conversions, HBD), the 65% for content (who fed whom, the honey curve, beneficiaries, downvotes) and the chain's keepers (witnesses and DHF). Everything counts what was actually paid in the month, so the numbers add up. 🌳

🧾 It all adds up: where every new HIVE went

In October Hive created about 3.41M HIVE of inflation. Here is where every drop ended up:

Destination	HIVE	Share	Note
✍️ Post authors + curators + beneficiaries	1,461,887	42.9%	posts paid out this month, analysed below
💬 Comments (authors + curators + beneficiaries)	754,067	22.1%	everything paid to comments
🐝 HP stakers (est.)	509,809	15.0%	added to the HP pool, for every HP holder
🏛️ Witnesses	339,873	10.0%	87 block producers
🏦 DHF treasury	342,474	10.0%	paid as 17,616 HBD
Total inflation	3,408,110	100%

Outside the inflation, three more flows moved HIVE and HBD:

🔄 HBD → HIVE conversions created 8,171,665 HIVE (from 420,336 HBD).
🔥 The DHF burned 6,444,198 HIVE, turning it into 333,410 HBD.
💵 HBD savings interest printed 48,828 HBD.

Inflation paid in HIVE/HP (3.07M) + conversions − DHF burns = +4,793,103 HIVE. The HIVE supply actually changed by +4,744,132: the small gap (-48,972) is HIVE sent to null and fees. The books balance. ✅

🌊 Part 1 · The flows

🍯 The inflation pie

In October the chain created about 3.41M HIVE of inflation:

65% to content (2.22M HIVE): curators 1.11M, authors 711k, beneficiaries 398k.
15% to HP stakers (≈ 510k HIVE, added to the HP pool for everyone who holds Hive Power).
10% to witnesses (340k HP for 889,274 blocks).
10% to the DHF, paid as 17,616 HBD.

Check: the content share, measured from the actual payouts, comes out at 65.0%, the protocol's 65%. The chain does what it promises. 🐝

🔄 The hidden mint: HBD conversions

The biggest source of new HIVE in October was not inflation:

1,315 HBD → HIVE conversions turned 420,336 HBD into 8,171,665 new HIVE, about 2.7× the HIVE paid by inflation.
On the other side, the DHF burned 6,444,198 HIVE, converting it into 333,410 HBD.
Net result: the HIVE supply grew by +4,744,132 HIVE (+0.81% in one month).

💵 HBD: printed, burned, saved

HBD savings interest (10% APR) created 48,828 HBD for 1,437 accounts. The top saver, lazy-panda, received 21,869 HBD (45% of all interest).
Authors received 0 HBD this month: all author rewards were paid in HIVE and HP.
The HBD supply changed by -20,478 HBD: what was printed and what was converted almost cancel out.

🍯 Part 2 · The 65% for content

📊 The 65%: the posts paid this month


📝 Posts paid out	41,558
✍️ Different authors	3,599
🗳️ Upvotes	5,854,228
🐝 Different voters	12,298
🍯 Paid to authors + curators	≈ $72,491
🎁 Paid to beneficiaries	≈ $2,706
⚖️ Median post	$0.51
🥀 Posts paid zero (< $0.02)	11,338 (27%)
👎 Downvotes	9,399 on 4,413 posts

🍯 How much did each post earn?

20,676 posts (50%) got less than $0.50.
949 posts went above $10, and 48 above $25.
11,338 posts (27%) were paid zero. Hive doesn't pay out dust (anything below ≈ 0.02 HBD rounds down to zero, because amounts have only 3 decimals), and posts that declined payout count as zero too. 🐝

🌳 The honey curve

219 authors (6%) received half of all the rewards.
The bottom half of authors shared just 1.2%.
The top 10% of authors took 64%.

🫙 Who filled the jars?

The top 10 voters gave 36% of all rewards, the top 50 gave 57%.
appreciator was the biggest honey-giver: ≈ $9,156 across 368 authors.
Busiest wings (most different authors voted): joeyarnoldvn (2,093), we-are-ai (1,397), hive-103505 (1,395), sorin.cristescu (1,377). 🌼

⏱️ Day one vs. payout day

Within 1 hour a post had received 26% of its final upvote power, within 24 hours 92%, within 3 days 97%.
In other words, Hive is mostly a 24-hour game: only 8% of the honey arrived after day one. 🐝
For a typical post earning at least $1, 99.5% of its final upvote power was already there after 24 hours.
Still, ≈ $7,967 of rewards arrived after day one.

🐝 Late pollinators: the curators who vote after day one (idea by antisocialist)

Curation rewards are split by voting time: votes in the first 24 hours earn the full curation share, on days 2–3 half, and from day 4 until the last 12 hours only an eighth; in the last 12 hours a vote can no longer raise the payout. The curation a late voter gives up goes back to the reward pool, while their vote still raises the post's payout for the author and for everyone who voted before. In short, late voters do a favor to the author and to every earlier curator. Here are the ones who gave the most honey after day one:

Voter	≈ $ given after 24h	Share of their votes after 24h
honey-swap	1,416.51	41%
blocktrades	278.29	60%
xeldal	265.67	90%
enki	178.15	91%
captainquack22	173.57	77%
ranchorelaxo	172.07	11%
ocdb	171.70	5%
balte	168.79	64%
curangel	146.62	7%
yabapmatt	120.57	24%

🌸 Late bloomers: poor after 24 hours, well paid in the end

Post	Author	≈ $ after 24h	$ paid
The Moment a Splinterlands Battle Suddenly Gets Serious	stef1234	0.00	3.08
PRO Upgrade	southgamer	0.03	3.12
Adaptación de un botón de encendiodo de un móvil Moto e5 Play, sin con	multiingeniero	0.04	3.44
ခေါင်းစဉ်မဲ့ကဗျာ - ၂၀	myanmarkoko	0.06	4.12
Community Curator Compilation #126	scrobble	0.11	3.38
Pepe y su gran crecimiento	kevin1273	0.00	3.56
Claimed my second set of daily rewards for the day	citimillz	0.06	3.09
Las plantas de pimentón empezaron el proceso de carga/ The paprika pep	danieldrawing	0.09	3.32
Sin atajos: Por qué las cosas valiosas requieren tiempo (ESP/ENG)	isaacmartiubeda	0.08	3.20

🍂 Shrunk before payout: worth more after 24 hours than what was finally paid (downvotes or removed votes)

Post	Author	≈ $ after 24h	Downvotes
🌸 La Belleza Resiliente de la Vinca: Colores que Alegran el Jardín //	gabyjc	4.12	2
¿Nos movemos o recortamos? Bitcoin en $85.802 con el Fear clavado en 6	kryptonita	4.10	4
Hive Power Up Day - October 1st 2026	hivebuzz	3.64	3
(TV) TOM AND JERRY MY FAVOURITE CHILD HOOD ANIMATION	betheloji12	3.39	17
2693 dzień KBK na Biskupiej (PL/ENG)	fundacja	2.34	0

🕸️ Who votes whom

The strongest single link was ocdb → scrobble (≈ $216.54). The most balanced two-way pair was revisesociology ⇄ tarazkp (≈ $19.31 one way, $37.89 the other). 🍯

🏆 Top posts

Biggest jars 🍯

Post	Author	$ paid	Voters
HAF API stack 1.28.8 release notes: changes since 1.28.6	blocktrades	49.19	1,013
Cruise overview - 8 places , 4 countries and 1 shitty start	livinguktaiwan	37.44	1,206
Recovery Account & proper backup of Keys	thekittygirl	36.56	1,158
A Tree for Hive...or a Hive in the Tree....	captainquack22	35.59	789
Tales of the Urban Explorer: The Red Nova House	slobberchops	34.42	851
London meetup 2026	livinguktaiwan	34.19	861
Qaqortoq in Greenland	livinguktaiwan	32.44	1,200
Traveling with dogs: Warning: Screwworm fears could result in you ge	trip-hop	32.04	295
Alien Art Hive Incubation 426	juliakponsford	31.77	524
Discovering Old Tbilisi Slowly, Letting Each Step Reveal Its Hidden Be	gretelarmfeg	31.05	1,153

Crowd favorites 🐝 (most voters)

Post	Author	Voters	$ paid
Viking Village Panoramic Park (Avrig, Romania) / Let's travel together	gabrielatravels	1,527	24.05
NINE FRAMES, ONE RIVER, COUNTLESS STORIES	ladytruckview	1,452	23.52
Seven magnificent Rila lakes Bulgaria	dragan1957	1,421	7.54
Paradise Street (Eng/Esp)	ramisey	1,418	8.89
(EN/PT-BR) Hive Grove: New items! New music! Everything is new!	shiftrox	1,393	8.33
MOMENTS - (PHOTOGRAPHY SERIES)	jlinaresp	1,390	8.87
Delicious cookies in just 3 minutes (ENG-ESP)	carisma77	1,374	13.98
20-million-year-old trail 🏞️🌏/ Sendero de hace 20 millones de años🚩📍 (	biologistbrito	1,370	20.90
Un pedacito de Paraíso / A little piece of paradise.	mercy23	1,369	20.82
A Park Full of Memories/ Un parque lleno de recuerdos	lileisabel	1,363	6.25

🌸 For the rest of us

Posts by authors outside the top 25% of earners, ranked by how many people voted:

Post	Author	Voters	$ paid
Seven magnificent Rila lakes Bulgaria	dragan1957	1,421	7.54
A Park Full of Memories/ Un parque lleno de recuerdos	lileisabel	1,363	6.25
Descifrando aspectos taxonómicos de 2 ejemplares de arañas (Superfamil	abneagro	1,201	5.64
Champion Burger, stuffed right out of the oven. (ESP-ENG)	edwing357	1,192	6.41
(Book) ESP/ENG The unforgettable magic of the Cemetery of Forgotten Bo	marleyn	1,189	6.38
39 Segundos que cambiaron nuestras vidas (ES/EN)	natalimcr27	1,136	8.74
Jim Morrison Fan Art Drawing (ENG-ESP)	fixie	1,129	5.26
Fall Foliage in Stowe, Vermont	dtam	1,125	12.87
3 Castles in North Wales in one day	hoosie	1,093	5.81
#BlackAndWhite - Entrada para el #monomad challenge - Una Nueva Idea (	neuerko	1,083	4.62

Lots of love, little honey: go give them a visit! 🐝💛

🎁 Beneficiaries

14,075 posts (34%) shared their reward with 844 accounts, for ≈ $2,706.02 in total.

Beneficiary	≈ $ received	Posts
reward.app	560.68	587
commentrewarder	410.02	597
null 🔥	207.12	1,664
scrobble	141.35	1,030
threespeakfund	102.82	1,467
cutehive.com	77.19	15
leofinance	70.12	2,394
liketu	64.29	1,479
actifit.pay	58.64	3,432
hive-105017	53.33	464

🔁 Who uses reward.app the most? It is a service that pays post rewards out as liquid tokens right away, for a fee. In this period 49 authors set it as beneficiary on 587 posts, sending it ≈ $560.68. The top 10:

Author	Posts	Avg. share	≈ $ to reward.app
scrobble	75	100%	235.73
flemingfarm	31	100%	95.14
hivefpl	3	95%	24.40
cieliss	4	100%	19.72
vgalue	23	100%	18.56
raj808	16	100%	16.56
lenonmc21	4	100%	15.76
prayzz	9	100%	13.02
cocacolaron	33	98%	11.50
justiceisalive	8	100%	10.54

👎 Downvotes

Downvotes are part of how Hive works. Just the numbers, no judgment:

9,399 downvotes from 224 accounts hit 4,413 posts and removed an estimated ≈ $572.35.
1,633 posts that had upvotes ended at zero.

Downvoter	Downvotes	≈ $ removed	Authors
alpha	1,592	344.81	156
themarkymark	64	45.09	32
rozioo	47	28.87	1
livinguktaiwan	57	22.05	11
solominer	70	15.61	1
erikah	147	15.43	28
davideownzall	95	15.03	7
azircon	8	14.76	2
buildawhale	64	12.26	42
smooth	11	8.78	10

Most hit: percent-map (331 downvotes, ≈ $39.33), stef1234 (48 downvotes, ≈ $28.96), askrafiki (66 downvotes, ≈ $28.27).

🏘️ Communities

The communities that took home the most: Splinterlands (1,401 posts, ≈ $5,421), HIVE CN 中文社区 (724 posts, ≈ $4,246), Worldmappin (475 posts, ≈ $4,099), Scrobble.life (1,019 posts, ≈ $2,601). 🐝

🏛️ Part 3 · The keepers

🏛️ Witnesses

87 witnesses produced 889,274 blocks and earned 339,873 HP.
The top 20 earned 80% of it, about 13,808 HP each. The backup witnesses shared the rest.
3,526 blocks were missed. Most missed: anyx (719), vsc.network (691), threespeak (435), town-hall (352), patrice (233).

🏦 The DHF: money in, money out

In: 17,616 HBD from inflation, plus 333,410 HBD from converting HIVE.
Out: 409,896 HBD paid to 5 funded proposals. hbdstabilizer alone received 372,000 HBD (91%); it trades on the market to keep HBD near $1 and sends HIVE back to the fund.
6,789,024 HBD of daily budget went to the return proposal (steem.dao): it stays in the treasury, it is not spent.
Other proposals paid: keychain (16,740 HBD), hdev.fund (12,865 HBD), worldmappin (5,192 HBD), ecency (3,100 HBD).

🔬 How this bee counts

Flows: all operations of October 2026 (blocks 110,378,339–111,267,613).
Content: all top-level posts paid out in October (created September 24 – October 24, paid 7 days later), with all their votes. Comments are counted only in the totals.
Source: the public HAFSQL database by mahdiyari. HIVE/USD at the month's average conversion price (≈ $0.0514).
Checked against the blockchain: 150 random blocks of the month and the top 10 posts were re-read straight from Hive nodes and compared with the database. Result: HAFSQL matches the blockchain on every sample ✅ (verify.py).
HP stakers has no operation of its own: estimated as 1.5× the witness rewards (15% vs 10%). "$ given", "≈ $ after 24h" and "$ removed" are estimates based on rshares.
Accounts of The Hive Tree are left out of the rankings.

_{Disclaimer. This report is generated automatically by a bot, from code written with AI (Claude) and reviewed by a human (Ant, hive3), who also reads the draft before it goes out. The numbers come from public blockchain data and are cross-checked against the chain itself, but some figures (HP stakers, "$ given", "$ removed", exchange labels) are estimates, and a bee can still miscount. It is not financial advice, and it is not an accusation against anyone: naming an account only means describing what the chain shows. If you spot an error, tell me in the comments and I'll correct it. Ant 🐝}

This bee is a 🤖 bot, built with love 💛 by hive3 for every bee in the Hive 🐝🌼🍯. It never votes and never comments: it only counts, so the whole hive can see where the honey flows. Ideas and corrections are welcome in the comments, a human reads them: hive3. 🌳

🧩 Open source & AI-generated: every script that builds this report is public on GitHub (MIT license), written with an AI (Claude) and reviewed by a human. Anyone can check the numbers, run it, fork it or keep it alive. 🐝

_{🔥 100% of this post's rewards are burned (beneficiary null): pure data for the hive, nothing to farm. Data by mahdiyari's HAFSQL, idea by antisocialist.}

_{Disclaimer. This report is generated automatically by a bot, from code written with AI (Claude) and reviewed by a human (Ant, @hive3), who also reads the draft before it goes out. The numbers come from public blockchain data and are cross-checked against the chain itself, but some figures (HP stakers, "$ given", "$ removed", exchange labels) are estimates, and a bee can still miscount. It is not financial advice, and it is not an accusation against anyone: naming an account only means describing what the chain shows. If you spot an error, tell me in the comments and I'll correct it. Ant 🐝}

BeeCounter 🐝🧮 beecounter · The Hive Tree 🌳 by hive3

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🐝 BeeCounter Monthly Ledger: where every new HIVE went in October 2026