Steem Cartoon: Helping friend to lease DELEGATION
This post is to help my friends at #steem-cartoon to get more STEEM POWER. You can follow the tutorial if you want.
STEEM POWER
Why need more SP? The answer is to make your vote more value. When your SP is high, others like to vote you also... because you might vote them back. 😁
To check your SP go to https://steemnow.com/ and put your name in the username.
1 - This is your Effective Steem Power
2 - This is your vote value in SBD if your voting power is 100% .
3 - This is your voting power. It becomes low when you vote. Over time it will increase back. If you open steemit every day, you can vote until your voting power around 80%. If you use steemit every 2 days, you can vote down to 60%...and so on. Do not lower than that value because your vote value will be low. If it is already low ( like 30% like that ) you got to stop voting until it reaches 80-100% again. This will take around 3 days not voting.
DELEGATION
Now, what is DELEGATION? Delegation is leasing the SP to be used for a period of time. If you see below picture, the green arrow is my SP. The red arrow is delegation. It presents in the bracket. It can be positive or negative. If positive, it means you leasing SP from others. If negative, it means you rent out SP to others.
So, the Effective Steem Power ( Shown in the above picture at number 1 ) is your effective SP at that moment. This value will be used to determine your vote value. This is the formula:
(YOUR_EFFECTIVE_SP) = (YOUR_SP) + (LEAST_SP) - (RENT_OUT_SP)
What this means is, you can increase your SP by just leasing from others. And if you have a lot of SP, you can rent out to others.
MINNOWBOOSTER
Where to get this SP delegation? You can get it here at https://www.minnowbooster.net
Click New Lease Requests will display a list of the current offer.
The way it works here is like this; If you want SP, you got to offer your price. At a later time, when someone like your offer they will fill it and the transaction done. So you got to give a good price (But not too high of course). So how do you know what price to offer?
This is my personal way to offer. You can follow if you want. First I arrange the list by profit received by the lender. I do that by clicking NETT APR (see the circle in the picture above). This is because I want my offer to be filled fast. I going to offer the lowest price but on the first page. So basically it's not going to be low. 😫
1 - I scroll to bottom page and decided to put my offer around there. I going to study the person below that line.
2 - This is the SP that he wants.
3 - This is the price that his offer.
Now we are ready to make an offer. But first, we need to calculate this guy offer value.
We want to get the value call "SP per STEEM per week"... Shit#@!@ Life is not easy...
By referring to the picture above, Take the value at number 2 divided by value at number 3 and then multiply it by 4. That the value we going to use called "SP per STEEM per week"
Now click Lease Steem Power to make an offer. Fill the form according to this guy value and put the "SP per STEEM per week" value that we calculated before at the circle above. You will see the "Total steem required" will match this guy offer. If you got that, means everything is correct.
Now finally, change the value of steem power that you want (1) to amount that you like... say 1000. Change the value of "SP per STEEM per week" to be one point less ( so that your offer will be above him) and make it an integer. And then, you will see the "Total steem required" that you need for this offer (2). This is the value that you need to pay. Then if everything confirmed, you can click Lease (3)
Then this form comes up. You need to click continue and give your ACTIVE private key.
You can get it here at your steemit Wallet page. You got to click at the circle above and login to get the private active key.
After you pay the amount, minnowbooster will message you like the above.
After a few hours (if you lucky) someone will fill you offer. Your SP will increase after you receive the above message.
Okay ... Until next time!
See ya..
Maybe I missed it, but where does this cover how you pay the loan back? I am interested in this matter and am trying to learn more. I appreciate anymore information you might have. Thank you. RESPECT
If you lease for one month, the SP will be taken back by itself after one month.
really good tutorial @zomagic ..
TQ @bitrocker2020
Very informative tq..so much to learn..will follow you closely @zomagic :)