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RE: The Reality of Steem Delegation
Okay, I went over to MinnowBooster.
I see there are two options
- Delegate to the Bot
- Fill a Market Request
So, the Delegate to the Bot apparently doesn't earn you any more than what you would get upvoting yourself, but the Market Request will earn you more? But, there's a 10% fee?
OKay... I think I calculated things.
Currently I can do $0.06 * 10 votes for 7 days = $4.20
But, if you fill the 200 SP order, then you only get $1.8
Not sure if I am figuring out all the costs of upvoting myself.
Self upvoting wins hands down vs all of those options. You can get something like 200-300% return annually by self upvoting. The best of those delegation options is to fill the 1 week market requests...that gets you 23% annual return.
So, if you didn't want to waste time making posts and had a ton of SP, filling the Market requests would be the way to go, even if it is 1/2 of what you would get if you did 10 posts a day.
Yup, exactly.