Steem Power Delegation

bitrocker2020 (77) in sndbox • 7 years ago

Not enough power ????

When I first came onto steemit , I realize that there were some accounts which had a negative number see in their wallet.

Why borrow out your power ?

Here are reasons which I can think of why

For indirect monetary gains
To help friends / family to get started on steemit
Taking a break from steemit / Holiday

How to delegate your steempower to someone

You can run this url and it would literally delegate 50 SP from @myach account to @bitrocker2020 account. If you are looking at more SP you can increase the vesting_share amount. ( eg. vesting_shares=1035360 would be around 500 Steem Power )

https://v2.steemconnect.com/sign/delegateVestingShares?delegator=myach&delegatee=bitrocker2020&vesting_shares=103536.174504%20VESTS

I don't want to borrow , I want to borrow from someone else. Is there a way ?

One of the way to find whales ( someone with a lot of steem power ) is to go to http://minnowbooster.net

Its a market space for whales to fulfill minnows request for Steem Power .

Its a simple tool where all you have to do is to go to http://minnowbooster.net . You do not need to signup or anything. On your left, you have to click lease from bot.

You then need to fill up the blanks and make sure the account you want to borrow steem power has the STEEM coin to pay for the rental and then click LEASE.

As soon as the lease gets fulfilled by someone , you will then see it reflect in your Steemit Wallet account

Summary

Why would you delegate Steem Power ?

Most likely to help someone or to get some Steem or you are going on holiday.

Why would I need to borrow Steem Power ?

So that each time you upvote , its much higher then what it was . You do not need to borrow steem power if you community has a curation trail bot ,which helps you out with votes.

Can I profit from leasing out Steem Power ?

Of course you can. Its using unused steem power for a short duration and it all gets returned back to you once the lease has ended.

Is it profitable from borrowing Steem Power ?

Depends on what rate the lender would want to give you. Average between 35% - 70% It may not make you an overnight billionaire , but who knows.

sndbox teammalaysia steem-cartoon

7 years ago by bitrocker2020 (77)

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Sort Order:

sndbox (77) · 7 years ago

This is great. Delegation is one of the most powerful (and misunderstood) features of the Steem blockchain! Thanks for sharing your valuable insight here @bitrocker2020 :)

khusairy (49) · 7 years ago

Thanks for helping to demistify the SP delegation @bitrocker2020. I am still trying to understand how to earn as a curator before trying out & leasing some SP from Minnow Booster ;)

bboyady (64) · 7 years ago

Now i finally realised the importance of steem power. Its time to boost up. Anyway, always grateful for your high upvote bro. I owe you many bowl ngau chap already. Lol

djlethalskillz (71) · 7 years ago

Thank u for shedding the light on this area, i dont have much knowledge on it this is super helpful! Im on a power up focus now but i do need more SP i will look into minnowbooster.

Kudos for the amazing shares u always bless us with!

klen.civil (76) · 7 years ago

Mantap, saya pun lagi mencari delegasi.
Tadi saya ada mendapatkan sedikit suntikan delegasi dari sahabat saya orang korea.
Semoga kita semakin berjaya di platform ini

bitrocker2020 (77) · 7 years ago

baik tu @klen.civil

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fr3eze (68) · 7 years ago

Prefer to keep my little SP and be able to vote more than 0.01

dilresh (47) · 7 years ago

Nice post... great help for newbie like myself..

simonjay (76) · 7 years ago

Thanks for this @bitrocker2020 incredibly useful I have thought about borrowing extra steem power as I like curating and giving back but also not sure if id be losing or earning.

bitrocker2020 (77) · 7 years ago

i think if you kept voting 10 posts at 15% every 2.5 hrs , you would profit. I remember the calculation is around there. However if you are leasing your SP and anyone giving APR 35% or more , literally you are profiting more.

simonjay (76) · 7 years ago (edited)

Wow thanks @bitrocker2020 amazing advice I might look into that and with some more courage give it a shot thanks very much btw dont I need to buy over a certain % to profit?

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thunderbirdcomic (50) · 7 years ago

Great article. I lease out steem power from an old account that I dont use anymore to this account. It looks a little daunting, but it's not that difficult.

bitrocker2020 (77) · 7 years ago

yea .. its pretty straight forward

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pennywhl (51) · 7 years ago

Good info.. Trying my best to read all possible and upvote. I felt guilty for being inactive for past months..

bitrocker2020 (77) · 7 years ago

nothing to be guilty about ... you post when you can ... we are all here to support you =)

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roselifecoach (60) · 7 years ago

I notice my power of delegation are not at the SP column anymore, is it because I stop posting few days? My voting power also reduce from 0.003 to 0.002, not really understand this game.

bitrocker2020 (77) · 7 years ago

cuz you have been voting up frequently perhaps ?

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roselifecoach (60) · 7 years ago

Hi @bitrocker2020, I try to keep my voting power not below 90% everyday, but ideally how many times can we vote per day? So frequent voting will affect too, I always thought we should support by voting.

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thedawn (63) · 7 years ago

Its good information about delegation of steem power. Its a great help steemit community. Good post

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ivora (43) · 7 years ago

Nice sharing, it's very useful for newbie like me. Thank you.

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glennkong (45) · 7 years ago

Appreciate for the informative post, learn a lot what will I do for the Steem Power.Thanks mate.you rock.

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oneday1 (44) · 7 years ago

Nice Post. Keep feeding us with information like this. Thank you.

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jbaker585 (54) · 7 years ago

Very informative and good to know. Thanks.

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aidilf (44) · 7 years ago

Very good your post.
EM ... so you tem steemit Malaysia.
Salam kenal, I am very pleased to be able to know the same people Malaysia

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steemibu351 (57) · 7 years ago

so informative post

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jimcustodio (64) · 7 years ago

Informative @bitrocker2020 thank you for sharing this. Great help for low steem power like me.

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zhafiqkun (49) · 7 years ago

woww thank you for sharing this tip. :D

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wilhb81 (76) · 7 years ago

Nice explanation about "steem power delegation". It would be awesome, if I can find someone that able to borrow some SP to me :)

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tillygerbi (44) · 7 years ago

Really helpful - thanks. I’ll be honest - I’m a newbie here and feel a little lost at times, but this is really clear. 👍🏼

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onaghise (33) · 7 years ago

Thanks for the knowledge

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