Is it interesting to lease voting power? March/April 2018 Part I

in steem •  7 years ago  (edited)

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I've been in Steemit for a few months now, it's an idea that I found very interesting and a great platform, but as you use it and browse through its pages, it is very curious that there are great articles and a lot of votes, but they only add a few cents.
While mediocre or bad articles are also seen with some votes but that add up to an important amount of $ 's. You can also see good articles from people with a history and with contribution works and some of them add really important amounts of $ 's (200-600).
It may be that someone is attracting followers and votes with their good articles and call the attention of the whales. But this is a weird thing, it gives me the impression that, removing some cases, the normal thing is that if your articles are not voted with enough SteemPower they do not attract the attention of anybody with enough power so your articles earn what they deserve.

What is done and what has been done is to use the upvotingBots buying important votes enough to attract attention, it does not usually leave profitable but it is not lost either, especially if you get upvotes for those who want to win something with the curation waiting for you to buy votes of a bot, but this is already very widespread and as in everything you have to be very consistent, and maybe over time ... Well this is done and it is easy to get information, I want to do some maths for another way to get enough value of votes with the current quotes.

Rent SteemPower (SP)

There are two markets to lease SteemPower, what they call 'lease Power', it is very strange that there is no more because they charge very good commission (10% in minnowbooster), it is a lucrative market. The current prices are:
precios en minnowbooster

10803 SP x 310.99 ST x 4 weeks, each week would cost 310.99 / 4 = 77.75 ST, each ST would buy 10803 / 77.75 = ** 138.9 SP per week ** (Leased for 4 weeks )

583 SP x 20 ST x 5 weeks, each week 20/5 = 4 Steem. Each ST would buy 583/4 = 145 Steem per week

312 SP x 5.5 ST X 2 weeks, each week 5.5 / 2 = 2.75 ST. ==> 312 / 2.75 = 113.45 ST per week leasing 2 weeks.

It is seen that if you rent for more time you can pay less for each SP, this is because at the end of the lease SP are left for a week without being able to use.

Suppose we rent for 4 weeks and give 140 SP for 1 Steem every week.
Prices are now at BTC

Then in $:
STEEM 0.00022700 x 7862.00 = 1.78 $
SBD 0.00021500 x 7862.00 = 1.69 $

Using the calculator @penguinpablo

10,000 SP gives us a voting power of 1.21 $, but this is how it looks at the bottom of the article, that is, half are SBD (like 1 $ / SBD) and the other half STEEM (at its value in $ but to SeemPower). That is to say:


(+30 min) 75% is for the author and 25% is for the one who votes (curator).

Possible contributions with the leased voting power
Suppose we bought 10,000 SP at the 'good price' of 140 SP / Steem. We spend: 10000/140 = 71.43 Steem per week, for 4 weeks (28 days) 71.43 x 4 = 285.72 Steem

$ 285.72 x $ 1.78 = $ 508.58 per 10000 SP for 4 weeks giving each vote at 100% => $ 1.21 (Steemit's $).
1.21 $ of Steemit suppose 0.6 SBD + (0.6 / 1.78) SP = 0.6 SBD + 0.337 SP each vote to 100%

If we change the SBDs by Steem

(0.6 / 1.0500)==> 0.571 Steem + 0.337 Steem = 0.908Steem each vote at 100%

Maintaining 100% voting power can only be done if you vote every 2.4 hours, that is 10 times a day.
Every 10 votes in a day we would get a total voting power
9.08 Steem per day and in the 28 days we have leased the SP would be 9.08 x 28 = 254.24 Steem in the 28 days.

We spend 285.72 Steem and get at best, today at these prices 254.24 Steem

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Well I read the full article now (last time i just skipped to renting calculation which was the most important part)

Now as I upvoted your article, it was only 9 UScents which is way too far from what such time and nice effort of you, deserves.

This is a bug at the society not steemit, at one hand. A good idea went bad!

But we have to keep on and hold each others back, if we (minnows and some dolphines) get enough believe and dedication in curing the society, we will be able to have some of our rights for genuine content 😉

I am blogging since 2003 and I'm addicted to writing. So no matter how it goes, i will keep up posting

Thank you. I am studying the way to run a common bot to be able to monetize the post. In the next article I'll explain it a little.

That would great also, though I'm not a fan of bots honestly speaking. But i will read your post and follow up 👌

You did the math right, but do they ask for private key? Otherwise how they ensure you will return it?

By steemconnect, but it's delegated. They have the control

Control of the leased amount or ...? Are you sure no further permissions are granted?

You can delegate your voting power, to whomever you want, and you can recover this power whenever you want. You can also delegate your power through an intermediary service, with certain conditions and deadlines.

Thank you buddy, I suffer low VP now 😥 but i will give it a try soon after I recovered 🤞
Good points and content. Thanks again

Nice

This post get reesteem to +4500 steemit users. Thank you for to use reesteem service.

SEND 0.1 SBD WITH YOUR POST IN THE MEMO FOR TO GET REESTEEM SERVICE

Amazing

Your post has been voted and reesteemed by @autovoters ;)

Thank you for sharing...

CONGRATULATIONS YOUR PUBLICATION HAS BEEN SHARED BY @Untapentuoreja, will be seen by 2938 steemians.

Thanks for doing the maths!