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RE: Should i invest in Steempower?
I am also interested in Steem Power, but I dont think I really understand the benefits. I read that you get a bit interest back but I could not find how much.
I am also interested in Steem Power, but I dont think I really understand the benefits. I read that you get a bit interest back but I could not find how much.
You use to get interest gained on steem if it was in your savings, but that is no longer the case. Ultimately, the more steem power you have the more money you gain by giving an upvote. I've provided a link so you can calculate how much steempower would be necessary to provide x amount of gains. https://www.steemnow.com/upvotecalc.html
Thank you very much @crazydaze for your explanation. I did not know you earn money by upvoting. one more question, I wonder how much does it costs 1 STEEMPOWER it is the same as 1 Steem?
@igorfil, You're welcome. Yes. When you have steem you click the little arrow next to the amount and you will see "Power Up", you select that option then distribute X amount of steem for the same X amount of steem power.
If you have SBD aka Steem Dollars, you can transfer that to steem by selecting "buy from internal market" or something similar. 1 SBD is NOT equal to 1 steem.
You are also limited to how much voting (about 10x a day) and 4 posts per day that you can do. If you vote and post more than the times listed above, it will take longer than 24 hours to fully recover your steem voting power.
steemdb is a useful site and so is steemnow to learn how much your vote is worth and recent updates such as upvotes, comments etc..
Your reputation depends on how many up votes your posts get from others.
@crazydaze thank you one more time for your explanation and time. I will following you
Thanks for the follow. I'll mostly be posting drawings, sketches, and some 3d models as I learn more with 3D software. Hope you enjoy what I post.