Bandwidth, Voting Power (Steem Power) and how you effect them!
I have been using Steemit now for a week and have learned a lot fast! One of the big things I have noticed is that every time your Voting Power decreases, you seriously effect your available bandwidth. Investing into Steem Power directly helps boost your over all effect when voting, but also helps your available bandwidth limit.
Why Bandwidth Matters?
Bandwidth is how much "data" you are able to store in the blockchain. Everytime you post, comment or do almost anything with Steemit you are consuming bandwidth. Many new users are even running into the issue of not having enough bandwidth to even create a single post! Bandwidth is just as important to conserve as your voting power!
Voting Power vs. Steem Power
We all know Steem Power directly increases the value our voting has. What is less clear is how each time you place a vote, your voting power decreases, causing each subsequent vote to be worth less and less. Steemit recharges your voting power by 20% a day, but if you are at 20% or less right now you might want to take a week off! Voting when you have less than 20% Voting Power causes your votes to be worth less than someone with 1/5th the Steem Power who has 100% Voting Power! You are in some effect throwing your votes away by over voting past your Voting Power, regardless of your Steem Power.
Steem Power? Should I Power Up?
Every STEEM you invest into Powering Up increases your effect here on Steemit. Your votes matter more, your bandwidth increases and your reputation score increases far faster than if you just want to get all your STEEM out asap! I personally take 100% of my rewards in the form of Power Ups since they help boost my overall reach and effect on the social platform, which is far more valuable long term than a few extra STEEMs!
Hope this helps a few people! If so please feel free to follow me, join my facebook group, comment below, up vote and best of all resteem!
Welcome to Steem Community @bigdeej! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.
In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
Thanks for the link and advice @gaman I will take a read through and follow you!
This post received a 3.1% upvote from @randowhale thanks to @bigdeej! For more information, click here!
related article Easy Witness Voting Guide - Bandwidth Limit Solution - Softfork 19.1
Very insightful post thanks for adding to this! Followed you!
I don't post a lot but already hit the bandwidth limit, that I didn't know about.
It is very serious issue! Take a look at this post you should seriously consider buying some Steem Power now while it is cheap! https://steemit.com/introduceyourself/@bigdeej/why-purchasing-steem-power-and-steem-dollars-matters-beginners-guide
Thank you, will do. Nice channel you got there. I'm following.
Glad to have a fellow steemian aboard!
Learnt something today. I didn't even encounter bandwidth until yesterday when I ran out of bandwidth to even post. I guess that completed my initiation rites into the community. I'm just a few days in, like you. And like you, I'm converting all my earnings to SP. I see a bright future for Steemit beyond a few cents here and there 😎
Yes the best thing you can do is learn to make valuable up votes and control manage your levels. Usehttps://steemd.com/ it will help you! Add your username in and track yourself!
For only being on Steemit a week you've learned quite fast! Welcome to the community. May we all rise up together :D.
Thanks I'll be sure to follow you! I'm not a crypto n00b and I read A LOT! I'v already invested over $2k into STEEM/STEEM Power and have observed first hand how things work here! I love the idea of a decentralized, ZERO Censorship platform that is block chain backed verified for every last post, edit, comment and more! It is like nothing that ever existed before!
You picked a great time to invest. I bought the small amount I have when it was over $2. You pretty much got 50% off haha. Yeah it's an exciting idea. Hopefully it catches on and the content still stays rich. It still needs a few tweaks here and there but it seems to be improving everyday.
Yeah I saw that actually was why I bought in so much and just threw it into steem power! Realized how this works and was like I'm long STEEM for at least 12 months lets see how this works when you actually have influence on the platform!
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STOPThank you @bigdeej that is super informative. I'm new to steemit, so these posts really help me a lot to understand the ins and outs of what's going on :) I was wondering what the bandwidth meant when It was popping up
Glad to be able to help! Resteem and follow me! I followed you already! Glad to have you aboard this ship!
Wow this is very helpful. I was thinking how Steem filters toxic spammer. This is the good solution when they set a limit with bandwith.
Yes there is a lot they do to control spam. Take a look at this article as well if you are just starting out you will want to invest in some Steem Power! https://steemit.com/introduceyourself/@bigdeej/why-purchasing-steem-power-and-steem-dollars-matters-beginners-guide
Thanks for the info! Looking forward to more posts from you. Check out my blog and follow if you're interested.
Followed! Resteem if you find useful! I'll be sure to track you as well!!