Well I have made bad and good decisions on the steem blockchain! But also bad and very bad investments. So it is time for another one :) You have to have tried everything once :)
Untill today I never have leased any steempower. In my first days I did get some steempower delegations but never had to pay for them! A few weeks ago, I did notice that one of the steemians that I do follow is powering down and is using the steem which becomes liquid again to lease Steem power.
He is sure that it will be a negative investment and he is probably right about it!
Still I decided the bullet and am leasing SteemPower on a daily basis. The goal is the lease at least 10K Steempower. Almost there. All my leasing is done via dlease.io. Leasing only a few K wouldn't make a difference!
In my early days on the SteemBlockchain there was no use to lease steempower because most of the dust income was auther related. But after the HF21 the curation rewards are almost on par with the author rewards. So now there is a use case in my opinion!
There are multiple advantages like increase curation reward, supporting others better and more and of course if you do self voting (Yes I do) that you post will get a slighty higher value, depening on the amount SP you are leasing!
And of course it is cheaper to lease SP than to buy it!
What have I leased so far?
|Date||lease period||Paid(Steem)||SP Leased||Daily cost|
So far I have leased 9700 SteemPower for a total cost of 176.52 Steem. My daily costs are 4.625 steem, which is all paid out in front!
As one can see, the longer the lease is the cheaper it gets. It did take some time for me to understand this. Of course the longer the lease is, the higher the fee is which has to be paid in front!
Probably I will try to get 15K leased SP.
Current curation rewards!
The idea is besides giving more support to others, to increase the income of the curation rewards. Before I did start leasing SP, the average daily income from the curation rewards was 1.128 Steem. So to make a profit this should rise to a whopping 5.753.
But I do know that this is not feasible!
Since my first delegation was 8 days ago, I start to see some improvements on the curation rewards.
Steemworld does show me this at the moment.
But if we look at little more forward, steemworld also gives me an indication of how much I would earn per week.
This on average 2.766 SP per day. I do expect this to rise a little bit more, due to some changes in my voting behavior! The calculated Efficiency isn't great!
Still if I do multiply this with 28, I would still loose 100 steem! But at least I will have made some others happy with a higher upvote! Which is worth much more than 100 steem!
So 5 more K to go. If you do have some unused Steem Power, feel free to lease it for free to me :)
At the moment I am upvoting with 12.7K SP and a 100% votes is hovering around $0.1.
If I do have my 15K leased I will be voting with around 17K, which could made a difference for some out there!
Have you ever leased SP? Are you planning to lease SP?
Or do you think that it is a very foolish decision of me?
Feel free to let me know!
I will report back in a week, to give an update of the expirement!