I have been monetizing my mining through STEPN on a monthly basis.
Reflecting on my 2 years of experience with STEPN, I am starting my 'menjing' (break-even) journey for 2024.
Personally, I started STEPN with a capital of 3 million KRW (perhaps because of the large investment... I go out rain or shine... except for heavy snow or rain...).
Currently, I am doing my STEPN break-even run based on 15 energy every day.
I mainly mine GST, and on the 25th of every month, I exchange it for GMT in an app called Phantom. Then, I transfer it to Upbit and sell it.
(I gave some shoes to my wife, and we walk together to break even. Me: 15 energy, Wife: 12 energy)
- So far, I have recovered about 1.5 million KRW.
- There is about 1.5 million KRW left to recover.
- Since I am recovering about 130,000–160,000 KRW per month, assuming the GMT price remains stable: If I work hard and consistently, I plan to recover my principal in two and a half years starting from 2024.
- From 2025, I will have a monthly profit of 130,000 KRW... it will be like owning a small building... (heart-pounding)
Tips
0. Connect your Phantom wallet to use STEPN.
- You get an advantage in fees when breaking even.
1. If you haven't made a large investment, I recommend opening Level 4 mystery boxes .
- Level 5 requires 100 GST, and Level 6 requires 255 GST. Looking at recent gem prices, everything other than red gems (Level 2) is considered a loss.
2. For your main shoe, I recommend a Trainer .
- A Runner with the same stats costs about 1/3 the price of a Trainer. However, if you plan to do this for a long time, I recommend investing in a Trainer because there aren't as many days as you think when you can run (it is heavily affected by the weather).
3. 12 to 15 energy is appropriate. (1 energy = 5 minutes)
- 1 hour to 1 hour and 15 minutes of running or walking per day seems appropriate. (It's not burdensome.) -> When I had 20 energy, it was too exhausting...
4. If you think about exercising at least 20 days a month, you can mine all 300 GST (this is possible if your E stat, including gems, exceeds 480).
5. Simple calculation (excluding gems)
- Minimum profit: 20 * 300 = 6,000 GST = 211 GMT * 400 KRW = 84,400 KRW
- Maximum profit: 30 * 300 = 9,000 GST = 317 GMT * 400 KRW = 126,800 KRW
- Repair cost: 200 GST, Level 2 red gem (31.5 GMT, 20% repair) = approx. 40 GMT * 400 KRW = 16,000 KRW
- Box opening cost: 45 GST * 20 = 900 GST = 31.77 GMT * 400 KRW = 12,700 KRW
- Minimum net profit: 55,700 KRW
6. GST <-> GMT
- When mining GST, do not exchange for GMT within the STEPN app. Send it from INVENTORY to SPENDING, then use the Phantom app to exchange GST for GMT to save on fees.
Essential Reference Sites
Official STEPN Market: https://m.stepn.com/
https://m.stepn.com/
m.stepn.com
Simulation tool for STEPN shoes: https://stepn.guide/
Stepn Guide
User Guide Welcome to the StepN.guide! Follow the steps below to optimize your sneaker's performance and maximize your GST earnings. 1. Selecting Your Sneaker's Rarity: - At the top of the interface, you'll see a section labeled 'CHOOSE RARITY'. - Use the
stepn.guide
You can check the attribute values and sockets of STEPN shoes at a glance. You can make purchases at m.stepn.com .
STEPN shoe search site: https://stepn-market.guide/
STEPN-MARKET.GUIDE
Price None 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 240 250 260 270 280 290 300 310 320 330 340 350 360 370 380 390 400 450 500 550 600 650 700 750 800 850 900 950 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,
stepn-market.guide
Things to Watch Out For
There is one side effect to using STEPN.
- If you don't have STEPN energy, you may feel like you've lost the motivation to walk or run.
Actually, in my case, 15 energy = 75 minutes of walking or running is a reasonable amount of daily exercise, so it's not a big problem.
If you need more exercise, it is important to have the mindset to enjoy the exercise itself, even if you don't have STEPN energy.
So, how should you start?
You must invest at least 1.5 million KRW to have a net profit of 50,000 KRW per month.
<Shoes>
- 1 Uncommon <Trainer> (Main shoe) = +1
- 2 Uncommon <cheap ones> (for +1 energy) = +2
- 6 Common <cheap ones> (regular shoes)
=> 9 shoes = 9 energy + 3 energy = 12 energy (1 hour)
<Color Description>
E (Yellow): Increases GST mining efficiency.
L (Blue): Influences receiving higher-grade mystery boxes.
C (Red): Influences GMT mining, helps the shoe's HP wear out less.
R (Purple): Helps the shoe's durability wear out less.
<Gems>
- Yellow: Level 5
- Red: Level 4 or higher
- Purple: Level 5
- Blue: Level 4 or higher
<Tip! Tip! Tip!>
- If Level 1 or 2 red gems drop, do not sell them -> Use them for repairs.
- You can sell blue, yellow, and purple gems (Purple doesn't sell well, and synthesizing is a loss).
In the end, you have to walk and run yourself. Never buy shoes based on calculations in your head alone.