You are viewing a single comment's thread from:
RE: 5 Methods to Make $2,100+ in Cryptocurrencies without Trading!
Jerry, can you weigh in on the economics of leasing delegated steem? Currently I have 375 sp for 4 weeks. This cost 10 STEEM and boosted my upvote from 0.01 to 0.06. I want to maximize my benefit of this additional sp. I plan to keep renewing this and adding more.
My thought was to keep leasing sp until I get 5000 of it and then slowly get out of the leasing and buy in more. Presumably I will be a big success by then.
Any ideas from you would be most appreciated. Keep in mind I cannot buy in nor can many of us little minnows. Thank you for all you do for us :)
Sharon for maximizing earnings, it might help to rent the Steem Power and then use that to upvote posts and build relationships with other authors. One reason I get a lot of upvotes is that authors upvoting are building a relationship with me which I then return with more of my own upvotes. I leased out my Steem Power out as a test and because I struggle to do a good job with curation. The reason to rent Steem Power is that the person renting it can use it to earn much more than what the lessor is getting paid. Thus, it might be ideal to try renting some out and use it to build deeper relationships by upvoting other authors and upvoting ourselves to get our return!
Jerry, Can you write a detailed Howto post on this topic? It will be great help. Thanks in advance.
I'm agreeing with @ugetfunded, Jerry. More info please!
I do already see a difference with my little 6 cent vote so I'm kind of encouraged, but it's hard to wrap my mind around the best way to vote for curating. If I understand this correctly, only my curating actually makes use of the sp. I know I might be wrong though.
So, what posts should I upvote is really the question. How do I make the best use of this temporary power boost? I can see you are making good money with it and I'm grateful you are trying it. Thank you again :)
Sharon thank you for asking more and I will make sure to cover this in a post as soon as I can! The short answer is to build deeper relationships with other authors through consistent upvotes which has a high chance of resulting in them returning the favor! The idea is with higher voting power that it becomes easier and easier to earn more upvotes from other authors.
Ok - I'm on it. My 6 cents will take over the world! Thanks for your future post and glad you are safe and dry :)
Thank you!
Definitely I will be doing both the borrowing and lending sides of this in posts shortly now that I have tested it for about a week!
Thank You #Jerry!
@jerrybanfield Thank you for your input, I will definitely be using these strategies. I am confused on how I can join one of these masternodes. Can you help?