Stocking up on Hive accounts.

niallon11 in LeoFinance • 3 years ago

How to create free hive accounts.

Disclaimer: A large amount of Hive power is needed for this process.

This is the easy part. Peakd.com has made the process very simple and if you hold enough hive power then you can claim from the wallet page.

Go to the wallet page.
Check your HP balance.
Click on the arrow beside delegate.
This has the option to create an account.
Or create multiple accounts if you have the power.

I can create six accounts at the time right now with my undelegated power and have built up 103 account creation tokens over the past few weeks when i think to claim them.

It is very easy to create an account from this stage by clicking the "Claim account creation token" button if you want to set up an account yourself or by using Hive invite to create invite links where you don't need to handle the keys directly.

Using this service you can set up invite links for one or multiple accounts to be claimed free of charge.

Why am I claiming accounts?

I read a lot of posts on Hive every week and try to see what is coming down the line with the chain.

It's hard to know how all of this is going to go but my best guess says that at some stage in the not too distant future that we are going to see a large amount of users flood into the system.

Users that will need accounts.

The last few times that we saw a wave of popularity the process got backed up and accounts suddenly became very scarce.

Scarce means expensive and slow. Two things that people don't like when they want to undertake any activity.

When that time comes and i do think that it will come. I want to be ready to help out my friends, family or any other people that are looking to jump into Hive.

I think that anybody who has enough power to claim accounts should be claiming accounts. Long term planning is always part of success and if we do see the right applications develop here then new accounts will be in short supply.

Why do I think that we will get busy?

From what i have been seeing lately.

Every direction that i have turned in lately has brought me to new projects, games or developments on the chain.

I don't think that in the past five years that i have every seen so much going on. I don't even know a lot of the users or projects that are being built but every one of them are building here and planning to grow out a userbase.

There are the big ones with precedent like

Splinterlands
Leofinance
Speak network

That have been building for years. They have already built foundations here and are looking to grow from there.

Then you have newer projects like,

Oneup tribe.
Pizza team.
Muterra
Psyber X
Project blank.
Ragnarock

And many many more that have been popping up lately and building out their foundations now.

In the next two years we will likely see 10x in the number of apps and games operating on the chain and all it will take is for a couple of them to take off for us to see exponential growth.

This is not guaranteed but it's my best guess for the next two years.

When i see people looking to get into the chain it will be nice to have them ready to go.

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#neoxian #leofinance #cent #proofofbrain #broadhive #palnet #ctp #bilpcoin #hustler

3 years ago in LeoFinance by niallon11

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jordand89 3 years ago

It's unfortunate that there isn't a way for accounts with less than the necessary HP (~8k?) to claim accounts at all. I think I've heard that in the future it will be possible to delegate resource credits so hopefully that will lead to a solution that allows a few people with less HP to combine their RC to take turns claiming an account.

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niallon11 3 years ago

There are lots of ways to get a free account for the moment and my twitter account even has a link for people to sign up for free though the invite link.

I do think that you have a point and we will see how this changes when we have RC delegation in the next hardfork. Then smaller accounts will be able to claim if they get extra credits.

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jfang003 3 years ago

It looks like you need a little more than 5k HP to claim one account then. Also I think I have also heard that the witnesses or developers can change the cost of a Hive account. Assuming price goes up, they can always decrease the cost of claiming an account. Do you think this will affect how profitable account creation tokens will be?

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1 vote

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niallon11 3 years ago

It is about 5k HP to claim and account. The witnesses can change the RC cost of creating accounts if there is an emergency but they have no real reason to do it unless we hit a large roadblock.

There is a cost to transacting on hive and this offsets some of it.

It's hard to know how this all plays out over the next few years but it would take a lot for them to vote together and change the price.

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preparedwombat 3 years ago

I’ve never understood why there isn’t a way to send account creation tickets from one account to another. A market to do so would be a nice plus, but at a minimum there should be a mechanism to transfer them.

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2 votes

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niallon11 3 years ago

That would be a handy tool. I've wondered the same myself if the accounts could be tokenized and sold or traded on the markets.

If we did see a large increase in users this could get very interesting. You can use hiveinvite to send people account links so there is kind of a way but it's not ideal.

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tokenizedsociety 3 years ago

I would be doing the same if I could. I believe it's going to be important down the road.

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1 vote

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niallon11 3 years ago

Until then you can just keep building your hive power and try to reach that level. We all start somewhere.

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revisesociology 3 years ago

I've been claiming regularly for ages... here's a fun game...

See how low you can make your RCs go when you claim!

0.3% is my record, but I've seen lower.

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1 vote

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niallon11 3 years ago

A fun game but dangerous for my splinterlands account. I can burn 20% of my credits some days near the end of season when change a lot of prices.

0.3% would be hard to beat anyway. You need to set me an easier target to manage.

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1 vote

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revisesociology 3 years ago

Wow that's a lot of price changes?

Do you cancel and re-rent rather than changing prices? The former is cheaper on tx fees I think.

I am careful to not claim accounts too close the the EOS!

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niallon11 3 years ago (edited)

I change prices when i do it.

I have a good few thousand cards for rent at the moment. I try not too many changes but twice a season i'll do almost a full change.

Near to the end i'll change prices a few times and raise up everything that's not delegated.

After EOS i'll drop all prices to something standard like 250 DEC/CP see who bites. The markets had fallen off a long way but they do seem to be coming back lately so i'll try to get this back down towards 100 DEC/CP over time.
A lot of changes but low maintenance. It only takes about an hour per season to maintain.

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revisesociology 3 years ago

on that note I just cancelled almost 1000 cards - some of them were showing several times less than the current market value!

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niallon11 3 years ago

That's why i'm doing a lot of restructuring this week. The markets have picked up a lot again for whatever reason. Some of my cards were way undervalued and needed to be fixed.

The rental market is the best thing that the team has done this year. When you can earn thousands of DEC every day and use them to keep buying up assets. It will only strengthen the game over time as strong hands stack hard and hold their value.

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revisesociology 3 years ago

I know what you mean, I'm presently focussing on accumulating summoners

!PIZZA

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rob23 3 years ago

Could be a good investment if things go boom

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1 vote

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niallon11 3 years ago

Free is free. Any asset that you can stack for nothing is well worth collecting and let them sit there.

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1 vote

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rob23 3 years ago

I love free things so much

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poshtoken 3 years ago

_{The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.}

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enison1 3 years ago

This is helpful. Thanks for sharing

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pizzabot 3 years ago

PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@revisesociology_(1/10) tipped @niallon11 (x1)

_{Please vote for pizza.witness!}

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epodcaster 3 years ago

This was quite helpful. I've never understood how all this worked. I'm nowhere near 5K HP to claim a free account, but at least now I know what the benchmarks are which gives me goals to work towards. Thanks!

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