Less minnows, but more dolphins
This account is tracking the number of users on each level using the stats supplied by @arcange. It has been a while since the last check. In nearly 3 weeks we have ten less minnows, but over thirty more dolphines. Some of those are former orcas, but we have gained a whale too.
We still think it is important to get far more of the 'redfish' accounts levelled up so they have more of a stake in the #Steem game. To that end we are voting up posts by a selection of users. This account has a few thousand SP thanks to some delegations and others follow its voting trail using SteemAuto. You can join us to get more people levelled up sooner.
The @tenkminnows account should get to minnow status itself early next year at the current rate and there are no plans to power it down. All rewards of this post will be powered up.
At the current Steem price you can get from nothing to minnow for $92.50. That seems a bargain if you can afford it. That gives you nearly 1c of vote that you can give ten times each day if you want it to recover. You will earn a little from curation as you do that. Just be sure to vote on posts, and possibly comments, that earn at least 2c or the rewards do not pay out. We do not want votes to be wasted.
Using automated voting is likely to be most efficient at earning curation rewards as you can optimise the timing, but it is up to you.
To be considered for votes from this account you need to be producing good posts whilst not over-using paid votes and preferably not powering down.
Steem on!
Do you know what the definition of Orca is?
Posted using Partiko iOS
Isn't it 50k SP? That is a long way off for most of us, but more affordable than it used to be. Those who want to invest in Steem could make a move now and really clean up if it improves.
For those who have confidence in the price recovery it’s a dream time to invest! I was thinking exactly the same thing- a great time to make it to the minnow vote slider compared to when I joined.
Posted using Partiko iOS
Wouldn't it be more beneficial to lease some sp and support more people?
Posted using Partiko Android
Not saying that this wouldn't work for tenkminnows, but in general, basically asking for myself actually, is there any way to actually minimize the loss if you lease SP?
I mean, it seems basically impossible to profit nowadays, if you don't get a delegation for a bargain price somewhere. The last time I checked (a few months ago), I would've lost about 70%.
To make it easier to understand. I would've earned 3 Steem and I would've paid 10 Steem for the delegation. (With 10 self-votes per day).
So, it would've been a total loss of approximately 7 Steem. Now, some people might be totally okay with those results, but I was not back then, and I wouldn't be okay with such a large loss today either. If I could profit a little, just a small percentage or have a total loss of ~5-10%. Then it would've been a different scenario. That would've made things more interesting.
It seems counterproductive to pay for these things as it just grows the big accounts. We prefer to rely on donated SP for the benefit of the community.
Hmm okay well. I dont do any math, but how can you calculate that? My other account @worldhelper is growing pretty sweet just by have 2000sp leased.
With leased SP you grow faster than you wuld if you powered up 10 steem.
Posted using Partiko Android
Well, I'm not sure if the math is accurate, because I've never paid for a delegation before. What I did, was basically to check on minnowbooster (and a second place I can't remember the name of right now unfortunately), what a delegation of 10000 SP for a month would cost.
To make it even easier, I'll give you an example based on a delegation for 1 week.
In this case, it seems like it would cost 66.66 Steem for 1 week.
After that, I just simulated Steem Power on Steemworld to see what a 100% upvote would be worth with 10K SP, ($0,14). So 10 self-votes at 100% would be worth a total of $1,4.
If you got to keep 75% of the $1,4 you'd get about $0,98.
$0,98 x 7 (as you'd have 10K for 7 days) is a total of $6,86.
1 Steem is worth $0,19, so if you bought Steem for everything you've made during the week, you would get approximately 36.1 Steem. So, that would be a loss of about 40.56 Steem per week or 45,85% per week.
Like I said though, I'm not sure if this is really accurate, but it's rather close according to my understanding at least... And I personally can't really see why leasing delegations would be profitable for anyone with those numbers.
Okay Okay. I get that its a loss in the short term. But buying a lease for longer period or continue to buy/renew a lease will with the extra curations come out of head.
Buying a lease is a flat fee, but getting sp is not flat, it will continue to raise
Posted using Partiko Android
I totally get your point, but I'm not actually sure about that either.
I mean, take my example and multiply it by 10 or even 100. For long term.
You pay 66.66 Steem per week and you're able to get back 36.1 Steem.
10 weeks would cost you 666.6 Steem, give you 361 Steem back.
This however, is only based upon 10 self-votes per day, so I haven't considered the curation rewards. But, it seems highly unlikely that you'd be able to earn 40.56 Steem in curation rewards per week, with 10K SP, on top of the earnings from your self-votes.
If you don't talk about the growth of your account, long term, and that your upvotes will be worth slightly more each week due to that growth. But that still wouldn't really change the fact of what you pay versus how much you make for the actual delegation.
I mean, I would pay 66.66 Steem per week for 10K SP, but my total SP would be up to about 15K with the extra 10K so my votes would be worth $0,20 instead of $0,14. But, I would only pay for 10K, so I can't really include the earnings from my own stake in that calculation.
Well. I get it. It makes sense. But if you gets lets say 0.1sp back from upvoting one post, thats added on top of your sp which makes your vote more powerful.
If thats stabile which it isn't and you voted 11 times a day. That gives you 1.1 sp the first day. But the second may be a bit higher.
You might earn 0.101 instead of 0.100 in curations.
Posted using Partiko Android
Good point. I would definitely love some in-depth calculations for something like this. I wouldn't mind leasing SP if I could turn it profitable, or at least minimize the loss to only a few percentages. Judging by the numbers I have today though, it just doesn't feel good at all. lol
It might be a bit hard to do, since you have to take all of the curation rewards into it and that varies from person to person even with the same amount of SP depending on who and when you vote. But it would be awesome!
I have growing @worldhelper from 0 sp to 65 sp in 62 days. Thats 1 SP per day with only 2k sp leased.
And I am doing weekly updates now to grow faster.
Posted using Partiko Android
Yeah... I wonder what happens after the next HF. I guess all the numbers will be totally different after that.
Sure sounds like you've been having great results so far though.
I just think its worth it in the long run.
By growing fast I need less steem to renew it the next time and so on :D
So it give me the ability on my main here, to delegate out my own SP for upvotes on posts or dividends.
Posted using Partiko Android
And what about the token value? That it also extra money you get from the same upvotes :D
Posted using Partiko Android
I guess that depends on self-votes, which I would consider a less good option in general. Support other people and you will get votes anyway. Isn't it better to get community support? This is not just a race to get rich. It is about building community.
I mean you can do both.
I do both x)
Self-votes while delegating my SP to things. I have 200 sp delegated to the plankton.token project and I have bought 100 plnk and I am also delegating to upvotebuilders. I know I get upvotes in the return, but it still helps them to upvote other people and help them.
I still feel like I am at a stage where I ain't that big yet to fully give away sp to free project. I wanna do that, but as someone who have invested 200 euros of my own money into steem, I think its fair I do both
Posted using Partiko Android
I was just saying why I don't buy delegation etc. We each choose our own path
No problem and yes we have :D
Posted using Partiko Android
We do not want to be sending funds to the big accounts really and the profits may not be great. We have some delegations for free. I think a lot of people are happy to help the community for no reward.
Okay okay I understand you wanna support small accounts and not the big ones, that makes a lot of sense to why you wouldn't lease :D
Posted using Partiko Android
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Under $100 minnow is really amazing to see but a great opportunity for the future! Hopefully, more can realize it and take advantage of it; I know I will.
Posted using Partiko iOS
I hope a few people will take advantage of the low price. If you believe in Steem then you ought to invest.
Congratulations @tenkminnows!
Your post was mentioned in the Steem Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on the Steem blockchain, consider to vote for my witness!