RE: ''The true Art in Giving'' when making the Decision to give away or Delegate Steem Power to a Good Friend
I'm so glad to run into this post today. I am thinking about this delegated steem idea and I would love to get your take on my plan.
I recently found out about minnowbooster and I plan to try it. I would buy 4 weeks worth of delegated steem. This will cost 4 SBD for 100 SP that stays constant for the whole 4 weeks. I think I have to convert the SBD to Steem first and then do the transfer and get the delegation.
I feel like I am a good curator and that I have a good eye for posts to upvote that will give me a larger return. I was getting .001 for all my curations and recently I have been steadily increasing the low number for .003-005 at times. (WooHoo!)
So - I think (not sure) that this extra 100 SP will make a good difference in 4 weeks if I keep curating well and consistently. I like the idea of buying it from a central place and not going around begging as I have seen others do.
So after 4 weeks, I would either renew, give up the idea, or increase depending upon results. I'm new and broke in real life - investing is not an opition and I will probably cash out my SBD every so often. I live in SE Asia and get multiple streams of small money to live on - my SBD is tiny to most of you, but will make a difference for me.
Please tell me what you think of my plan. I learned of it at this post and I am open to any ideas you have that I am missing.
https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta
I have just been here 8 weeks and spend a lot of time learning. It seemed to me that this would be a good idea for me when I read it.
Thank you for any advice you might have.
Well! As of right now, I believe to earn from Curation you would have to have a reasonable amount of Steem power but what matter most is to have a sharp eye for good content to upvote! You'll see little result at first in the beginning, I had to really struggle to get my account to this amount Steem Power, practically a broke Student in Debt! But Steemit has been extremely good to me! As for leasing out Steem, i like the idea behind it! But i'm not sure how you'll break even! Those leasing out Steem expect something in return, it's seems like you'll usually break even! You can upvote 20X for 5 days! Even so your voting stake decreases, so if you actively upvoting quality content you could accumulate from there. But i'm not 100% sure, so it's best to do an experiment
@fitinfun
Ok - I'm thinking. So if I get the extra 100 for a month - this is more than double what I have now. Then I upvote 8-14 times a day to keep above 75%. That is 280 votes.
so
I guess I need to know what I make now lol. Last week was 0.221 Steem Power in curation. It has not been enough to keep up with, but I am increasing over time as I get better at it.
I'm just going to do it :)
Big investment but worth it eh?
That's the thing I don't know and why I asked. The minnowbooster post says to start small. What do you think? Have you tried it?
super late response. no not yet man. have you?
Just got it a couple of days ago and don't really know the results yet. I got 375 sp for 10 STEEM for 4 weeks. They give you 150 for 4 weeks for 4 steem now. So far - my 100% vote is 6 cents compared to 1 cent before. This makes a huge difference.
Run! Do it now. Seriously. I'm going to write a post about it. All of us should be LEASING not buying steem in the beginning up to at least a couple thousand sp.
Then if you upvote effectively, I think the bang for the buck will be substantial for us little guys. The bigger you get - it's not worth it as much. So at some point your start buying instead of leasing bit by bit. I will definitely post more on this.
Good luck to both of us :)
I think there is also some network improvement effect when you delegate. The community (and the value of STEEM) improves as a whole. So it is a win for all.
If you have a lot of Steem Power but not a lot of time to curate, delegate some to me. ;-)
I'm going to go ahead and rent the delegation if I can figure out how to transfer the money they need :)