RE: What actually is the deal with Steemit?

You are viewing a single comment's thread from:

What actually is the deal with Steemit?

in introduceyourself •  8 years ago 

As I understand it, it is the votes themselves that are the 'mining' part of the equation, as you vote (mine) you acquire Steem Power, some of which you leave behind on the post, some of which you take with you to spread on other posts..... I think.

CG

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I think mining is still mining and when you vote, the steem you acquire is distributed to you by the network, steem that has already been mined.

You think wrong. While CPU-mining is still possible, the major part of new steem is created through voting