A new miner just released on Steem-Engine and being the sucker I am I immediately bought some. They are for the recently launched Creative Coin Crypto token, the tribe can be found at https://www.creativecoin.xyz . These miners are quite pricey right out of the gate at 100 Steem each and I was only able to buy 3 of them. The release schedule seems like it is going to favor early adopters so I'm hopeful my quick trigger finger will get me some quick returns.
Right now there are 500 CCCM available on the market and 100 additional miners will be released each month until the end of the year, at which point CCC will reevaluate how they want to handle the release of future miners. The mining pool 20 chances at 8.5 tokens each hour. So 170 tokens per hour, 4080 tokens per day and 1.489 million tokens per year. We should have a quick look at just how profitable these miners will be.
At 500 Miners in the wild, each miner would earn on average 2,978 CCC per year. Each CCC is worth around 0.03 Steem each so 2,978 CCC is worth 89.34 Steem. The math is easy here to show currently a 89.34% ROI over a year. In September, at 600 miners, 74.45%. October, 63.81%. November, 55.83%. December, 49.63%. Overall very good returns.
Now there are a few factors we are ignoring here. We've valued CCC at 0.03 Steem but without enough ways to burn off coins, that value will likely decrease over time. We also don't know what the sales of CCCM will be like or if the CCC team will change their distribution pattern. If sales start to slow down after they've hit 100 miners, maybe the team decides to drop the price. I'm hopeful that the price holds at 100 Steem and the release schedule holds until at least December.
I like having the miners be valued higher and be limited in supply. I want to feel good about owning CCCM and be excited about maybe being able to buy one more. I'm very tempted to buy another 1000 Steem and scoop up 10 of these miners even with lots of unknowns surrounding them. I believe CCC will be one of the stronger communities on Steem and have no problem investing in the project.
