You are viewing a single comment's thread from:

RE: How much you can earn by delegation of SP - steemit in a minute #41

in #steemit7 years ago (edited)

This post interests me, because I am trying to decided if a bot can really help profits more than I can do myself through curation. In cases where I have more SP than the bot, I think keeping the SP is probably better for improving vote rewards and curation rewards, which all recircle back actively to help SP continue to grow and put it use much quicker to continue to increase the rate of return.

50 SP sometimes takes a loooong time to earn manually, unless you get lucky whale votes, or paid using bots (which is really just converting your SBD into rewards you have to wait another 7 days for). I calculated that delegating that much to a small bot was going to take an even longer time waiting for them to pay back the $50 in rewards than if I kept it to help increase my own rewards.

My opinion is delegating is probably best for supporting a cause being performed by a group or service that you have no time or interest in managing.

These things are hard to measure and compare definitively, but I like the clear way you outlined it. Thanks.

Sort:  

Thanks for reading my post. In your comment, I can see you are already kind of expert or advanced user. I share the same view with you that it takes a long time for delegation return. Delegation makes sense only for people who don't have time to take care of their SP. Instead of leaving the SP idle, it just better to earn "some" return in the long run. It is still better than saving in fiat which subject to inflation and various bank charges.

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 97741.66
ETH 3472.59
USDT 1.00
SBD 3.19