Welcome to the 100th weekly installment of my series on Steem income and growth!
Income on this blockchain is generated by "investment" (the more currency you have, the more you earn) and by "work" (earning currency by contributing content that adds value). I'm working to earn STEEM by creating (and curating) valuable unique content.
Calculating weekly income
Here's the running tally, including my wife @MediKatie and our joint account @GirlsofGreen:
Week 001 - 0840 (+ ? ) STEEM (+n/a%)
Week 002 - 0848 (+ 8 ) STEEM (+0.95%)
Week 003 - 0862 (+14) STEEM (+1.65%)
Week 004 - 0868 (+ 6 ) STEEM (+0.70%)
Week 005 - 0876 (+ 8 ) STEEM (+0.92%)
Week 006 - 0888 (+12) STEEM (+1.37%)
Week 007 - 0914 (+26) STEEM (+2.93%)
Week 008 - 0929 (+15) STEEM (+1.64%)
Week 009 - 0936 (+ 7 ) STEEM (+0.75%)
Week 010 - 0953 (+17) STEEM (+1.82%)
Week 011 - 0960 (+ 7 ) STEEM (+0.73%)
Week 012 - 0966 (+ 6 ) STEEM (+0.63%)
Week 013 - 0973 (+ 7 ) STEEM (+0.72%)
Week 014 - 0980 (+ 7 ) STEEM (+0.72%)
Week 015 - 0986 (+ 6 ) STEEM (+0.61%)
Week 016 - 0991 (+ 5 ) STEEM (+0.51%)
Week 017 - 0996 (+ 5 ) STEEM (+0.50%)
Week 018 - 1032 (+36) STEEM (+3.61%)
Week 019 - 1040 (+ 8 ) STEEM (+0.78%)
Week 020 - 1045 (+ 5 ) STEEM (+0.48%)
Week 021 - 1051 (+ 6 ) STEEM (+0.57%)
Week 022 - 1059 ( +8 ) STEEM (+0.76%)
Week 023 - 1065 (+ 6 ) STEEM (+0.56%)
Week 024 - 1073 (+ 8 ) STEEM (+0.75%)
Week 025 - 1079 (+ 6 ) STEEM (+0.56%)
Week 026 - 1091 (+12) STEEM (+1.11%)
Week 027 - 1100 (+ 9 ) STEEM (+0.82%)
Week 028 - 1105 (+ 5 ) STEEM (+0.45%)
Week 029 - 1108 (+ 3 ) STEEM (+0.27%)
Week 030 - 1119 (+11) STEEM (+0.99%)
Week 031 - 1151 (+32) STEEM (+2.86%)
Week 032 - 1159 (+ 8 ) STEEM (+0.70%)
Week 033 - 1166 (+ 7 ) STEEM (+0.60%)
Week 034 - 1172 (+ 6 ) STEEM (+0.51%)
Week 035 - 1177 (+ 5 ) STEEM (+0.42%)
Week 036 - 1183 (+ 6 ) STEEM (+0.50%)
Week 037 - 1196 (+13) STEEM (+1.10%)
Week 038 - 1204 (+ 8 ) STEEM (+0.66%)
Week 039 - 1220 (+16) STEEM (+1.33%)
Week 040 - 1250 (+30) STEEM (+2.46%)
Week 041 - 1264 (+14) STEEM (+1.12%)
Week 042 - 1287 (+23) STEEM (+1.82%)
Week 043 - 1300 (+13) STEEM (+1.01%)
Week 044 - 1312 (+12) STEEM (+0.92%)
Week 045 - 1323 (+11) STEEM (+0.84%)
Week 046 - 1351 (+28) STEEM (+2.12%)
Week 047 - 1372 (+21) STEEM (+1.55%)
Week 048 - 1394 (+22) STEEM (+1.60%)
Week 049 - 1410 (+16) STEEM (+1.15%)
Week 050 - 1436 (+26) STEEM (+1.84%)
Week 051 - 1481 (+45) STEEM (+3.13%)
Week 052 - 1505 (+24) STEEM (+1.59%)
Week 053 - 1517 (+12) STEEM (+0.80%)
Week 054 - 1529 (+12) STEEM (+0.79%)
Week 055 - 1540 (+11) STEEM (+0.72%)
Week 056 - 1555 (+15) STEEM (+0.97%)
Week 057 - 1576 (+21) STEEM (+1.35%)
Week 058 - 1606 (+30) STEEM (+1.90%)
Week 059 - 1620 (+14) STEEM (+0.87%)
Week 060 - 1631 (+11) STEEM (+0.68%)
Week 061 - 1647 (+16) STEEM (+0.98%)
Week 062 - 1674 (+27) STEEM (+1.64%)
Week 063 - 1685 (+11) STEEM (+0.65%)
Week 064 - 1702 (+17) STEEM (+1.01%)
Week 065 - 1714 (+12) STEEM (+0.71%)
Week 066 - 1722 (+ 8 ) STEEM (+0.47%)
Week 067 - 1734 (+12) STEEM (+0.70%)
Week 068 - 1752 (+18) STEEM (+1.04%)
Week 069 - 1780 (+28) STEEM (+1.60%)
Week 070 - 1937 (157) STEEM (+8.82%)
Week 071 - 2080 (143) STEEM (+7.38%)
Week 072 - 2179 (+99) STEEM (+4.76%)
Week 073 - 2334 (155) STEEM (+7.11%)
Week 074 - 2368 (+34) STEEM (+1.46%)
Week 075 - 2379 (+11) STEEM (+0.46%)
Week 076 - 2424 (+45) STEEM (+1.89%)
Week 077 - 2479 (+55) STEEM (+2.27%)
Week 078 - 2501 (+22) STEEM (+0.89%)
Week 079 - 2517 (+16) STEEM (+0.64%)
Week 080 - 2535 (+18) STEEM (+0.72%)
Week 081 - 2555 (+20) STEEM (+0.79%)
Week 082 - 2567 (+12) STEEM (+0.47%)
Week 083 - 2580 (+13) STEEM (+0.51%)
Week 084 - 2616 (+36) STEEM (+1.40%)
Week 085 - 2692 (+76) STEEM (+2.91%)
Week 086 - 2746 (+54) STEEM (+2.01%)
Week 087 - 2830 (+84) STEEM (+3.06%)
Week 088 - 2840 (+10) STEEM (+0.35%)
Week 089 - 2851 (+11) STEEM (+0.39%)
Week 090 - 2867 (+16) STEEM (+0.56%)
Week 091 - 2900 (+33) STEEM (+1.15%)
Week 092 - 2935 (+35) STEEM (+1.21%)
Week 093 - 2960 (+25) STEEM (+0.85%)
Week 094 - 3020 (+60) STEEM (+2.03%)
Week 095 - 3069 (+49) STEEM (+1.62%)
Week 096 - 3090 (+21) STEEM (+0.68%)
Week 097 - 3154 (+64) STEEM (+2.07%)
Week 098 - 3211 (+57) STEEM (+1.81%)
Week 099 - 3262 (+51) STEEM (+1.59%)
Week 100 - 3295 (+33) STEEM (+1.01%)
Average weekly growth (last 10 weeks): +42.8 Steem (+1.40%)
After 3 weeks of rapid growth, we had a more modest week of 1% growth.
This week, the STEEM price ranged from 0.2 to 0.3 USD. Our total holdings, which took 2.5 years of full-time work and 0.2 BTC to acquire, now amount to 700 USD. If STEEM went up by another 10,000% tomorrow, our income would equate to $13k each per year of full-time work. Would you work hard, never a single day off, take risks, and share your original content, for 13k per year?
Also this week, a wealthy investor from China bought Steemit (not the Steem blockchain) and seems to intend to merge it with another blockchain project of his. Things were looking pretty rough before this, and now it feels even shakier. I'm not sure how I'll react and what I'll decide to do next, so at the moment, I'm trying to continue as if nothing happened.
Here's a 100 week graph of my Steem power holdings!
Notice that I don't ever spend or power down my SP? It always increases each week, either by a little or by a lot. The weeks with very rapid growth (around week 70) were when I was paying 3Speak to upload videos there. After a while, they stopped upvoting their content creators, and I found free platforms to share my videos on, like LBRY.
Also notice that over time, my rate of growth is increasing, nominally. If I could do a logarithmic chart of the data, it would probably show that growth is fairly stable, not accelerating much.
Long story short: After 2.5 years of full-time effort, I've confirmed that it's not possible to earn anything on Steem, nor is it possible to find more than 10 people interested in the content I produce. In fact, it costs money to get started on Steem, and you will lose anything you put in.
But hey, at 68.1, only 1737 Steemians are more reputable. That's sooooo exciting and useful, and I'll be able to take that reputation with me everywhere I go in life, and it'll do me so much good. ;D
See you in another 100 weeks for an update on the above chart.
DRutter
