After reading the announcement by @swelker101 about mining possibilities of Creative Coin Crypto (CCC) today I decided to stake 11 miner coins (CCCM). They are "megaminers" and mine at 5 times during the mining attempt.
How profitable will this miner coin will be for me? It depends how much CCCM are staked, of course. The more one has, the more chance one has to mine CCC.
Here's a great post by @learn.leo how to calculate mining rewards for any Steem Engine token miner. Using LEOMM example I was able to calculate my current chance of mining CCC.
But in the comment by @fraenk there is a simpler way listed:
First, I went to this site and searched for "mining" using ctrl+F key on my laptop to see that staked mining power for CCCM currently is 232.620755.
Now since my 11 CCCM mine at 5X, I multiplied 11 x 5 and got 55. I then divided 55 by total staked mining power which is 232.620755.
11 x 5 = 55 / 232.620755 = 0.2364363403428899 x 100 = 23.64363403428899
This means I have more than 23.6 % chance of winning the mining round. More than 1 out 5 mining rewards currently go to me.
According to the rich list of CCCM there are total of 53.617051 CCCM staked by 21 accounts at the moment of writing this post. This number will of course change in the future.
Because I'm posting daily my Pinky and Spiky comics as well as my organ playing related posts with the tag "creativecoin" to earn CCC, it makes sense for me to stake some CCCM and start mining CCC.
Of course, this is not a financial advice and you have to do your own due diligence.