For the past 7 days I've been delegating my modest Steem Power (2700-odd) to Minnowboost to see what returns I could receive. The results are in....& they are uninspiring.
(Actually I'm writing on day 6 but I can extrapolate the last day's payout.)
All transactions are visible on my wallet.
Why delegation? Well I admit, I'm ambivalent about the whole thing...it seems to short circuit the beautiful free-market mechanisms of Steemit. If too much SP was delegated it would probably kill the ecosystem. BUT Ned said he found the idea interesting at Steemfest2, so it must be all right then...ha! I wanted to test if it would be a viable strategy to just delegate my votes if I'm going to be away from Steem for any length of time. Perhaps delegation would help my little stack to grow while I was away having fun.
To skip straight to my conclusion: The returns are too low & I didn't like the loss of my ability to upvote, I hadn't realised quite how much I valued supporting someone with an upvote, until I lost the ability to do so. I'll probably not bother delegating in future. Now, show me higher returns & I might do it again if I was going to be AFK for a week or so.
Total Delegated SteemPower: 2,700 (and change)
Total earned: 4.5 SD
Annualised Return: 8.5% ish (too low to be worth the bother in the crypto space IMO)
I wouldn't worry too much about what you make from curation. I think it's more important to get the voting done. That's partly why I have delegated to a few selected people. It also makes them feel more a part of things. I'm less keen on the voting bots. They already have too much power
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I wish there was a way for newer people like me to be delegated some SP and somehow return x amount curation rewards to the delegator. Kinda stinks voting when it doesn't help anyone out.
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Well now you have more SP :) Enjoy the benefits
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Oh wow! Thank you so much! It will be used to upvote great content creators! Especially the minnows!
Gave you a follow too!
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No problem. I want to see more people support the good content. I can't be voting all day
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Will do. I work mainly in cryptocurrency and blockchain topics as well as web development and programming topics. Im also active everyday. I love it here on steemit.
I'll spread the wealth! I plan on putting all my earnings into SP as well.
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It is not a great return, but in case you know you will be away from steemit for a while its better than nothing at all isnt it? Thanks for testing and sharing
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