read.cash giving us more than 1.00 BCH per day
November 18, Friday, 2022read.cash blogging platform The amount of bitcoin cash allocated daily for bloggers' rewards is still the same, only the price of bitcoin cash has changed. Due to BitcoinCash's price downward trend, it seems that read.cash is not currently validating our writes. Let's see how in a little more detail.
read.cash platform previously informed us that they will give us $500 daily blogging reward and that is in bitcoincash currency. At that time, bitcoincash was trading above $500, that is, the price of bitcoincash per token was between $550 and $600. In other words, we used to have $500 in read.cash every day. But the amount of reward starts changing with the change of time. Especially the volatile trading of bitcoincash is the most responsible.
From paying $500 bitcoincash earlier to currently $120-$125. In terms of USD that is 5 times less than $500, but in terms of bitcoincash it is more than 1 bitcoincash. But I have done a small survey of how 1.2 Bitcoincash rewards have arrived, which will give you a clear idea.
The survey is based on yesterday's three-day reward distribution.
Where it can be seen, in the last three days, rusty has given rewards above $5 to only 5 people. Calculating the average of the rewards of those 5 people, it can be seen that each person got an average of $5.4. 5 people got a total of $27 bitcoincash
4 users received from $4 to $4.99, that is, on average one person received $4.5 and 4 users received $18.
10 people received between $3 and $3.99 bitcoincash, that is, on average each person received $3.5 and 10 people received $35.
A total of 16 people received between $2 and $2.99, that is, each of these 16 people received an average of $2.5 Bitcoin Cash and a total of 16 people received $40.
$1 to $1.99 received the most rewards and the number is 57 people. 57 people received a total reward of $85.5.
The highest number of users received rewards ranging from $0.20 to $0.99, and thus the total number of users was 138. Each of these 138 people received an average of $0.6 and a total of 138 people received $83.
From $0.00 to $0.20 I didn't count the number of users because the number of such users is countless but they didn't get rewards from rusty but different users upvoted them. Calculating their amount will yield a maximum of $5-$10 Bitcoin Cash.
Total Amount
Calculating the upvotes given by rusty in the last three days gives a total of approximately $350 in bitcoin cash. In that case the daily reward is $117. Now converting $117 to Bitcoin Cash yields 1.16 BCH which is definitely more than one Bitcoin Cash.
Conclusion:
Right now, if a blogger is blogging to earn bitcoin cash and spend it, it would be the worst time. Because the amount that comes from each content is not enough to spend. But if you want to accumulate bitcoin cash then this is the best time for you to start blogging.
I'm earning a little amount here per week, and I am grateful for thst, it's already helping me anyway.
I just hope that bch price will rise again.