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RE: Steemit Quest For One Million. Time required to build a $1,000,000.00 Steemit Account (Day 25 Results)
It might be awkward to calculate but due to steem power interest you could maybe do something like add the daily SP interest to average daily earnings, and it would reduce the total days to 1million, of course with it compounding it would be awkward and require some funky equation. You could even factor in compound interest on daily steem earnings.
Nice avatar.. not sure exactly what you mean.. provide an example..
This is pandasquad, so say you have 100 SP and you didn't use you account for one year and you came back to it you would have about 109 SP as your steem power receives interest (the interest rate changes constantly). So you have gained nearly $50 per year per 100 steem, so you account value would go up assuming a constant price. It's awkward to calculate as it compounds but also the rate constantly changes as well. If you have high SP its significant anyway, so it will be more important later on in your quest I guess. I had to use this account as my pandasquad one doesn't have enough steem power to comment or even top up SP due to bandwidth issues
Good info I did not know my SP collected interest..