Here is why I started to Power Down
I did a series called "STEEM interest while Powering Down" where I did research on whether or not we earn SP interest while "powering down" which showed that we do.My data was collected over weeks to make sure the actual payout did not trigger any changes, and it did not.
Which ended with the results showing that we do earn STEEM Power interest while powering down!
Here is why I'm continuing to Power Down
During my research I was around 800 SP getting 6-7 SP interest per day, and I 'm still getting a little over that now at almost 1300 SP.https://steemit.com/steempower/@stealthtrader/steem-interest-while-powering-down-pt-3
That is approx 35-40 SP per week, and to my understanding from the community I will continue getting this for the entire first year on Steemit..
And while powering down I started out earning 7 STEEM at first, and now I earn about 11 STEEM on my 6th payout out of 104, which obviously will get higher each week.
So that is about 100-150 SP per month right now in "interest", and around 40 SP in "STEEM payouts".. to me that is like getting paid a dividend, and I have been converting some to Bitcoin as well since the price continues to decline for the moment.
A better way to track this is your vests. Are you earning more vests the following week after a power down then what you gave away? Vests get more expensive everyday, so that should be considered. I am powering down and I've learned that yes, I may earn more steem but I may not be earning more vests than i gave away and its vests that really give you your power.
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Powering down does gradually reduce your vests, so over time the rewards you will be earning will drastically reduce in size compared to what they would have been had you not powered down.
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Thanks for the heads up..
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I only say that because I tried powering down for one week and my MVests, as seen on Steemd.com went down by 0.1, I believe that number dictates the acruement rate of steem power to your account.
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I'll watch this and see what happens each week, but thanks again.
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He is right. Powering dow has to do with vests.
You are losing the same value of vest at every time. The more steems are just inflation.
So in the end you might be with 1 vest and its value to be 1000 steem. You will get your last payout of 1000 steem.
Also as far I understood by reading the white paper after every few years steem amount will get halved.
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It is my understanding and remember I am not the sharpest tool in the toolshed...
But every month you get paid interest on your SBD and SP and you get nothing on your liquid Steem . . .
Over three years your Steem Power bleeds away and reduces by 50 % at the 3 year mark. This means if your a Whale with 1,000,000 in 2016 and do nothing then in 2019 your account will have lost fifty percent and dropped to 500,000 SP.
However who cares ? , if you use Steemit for whatever reason you will earn something sure it might not be a thousand SP every week but over the weeks it does add up... (Assuming you are actually being respectful and trying to become a better craftsperson presenter on Steemit)...
So to my mind always be powering down, PD occurs from when you make the request each 7 days. So if you suddenly have an extra 2000 SP and are desperately seeking liquid Steem just wait till your next power down occurs and then make a NEW power down at the higher SP rate.
But generally I think people should be powering down always and then if they do not want nor need to sell or transfer that Steem they should just immediately power it back up.
The more you have in SP the more you earn as rewards based on your number of vests, but sometimes depending on your situation it might be useful to keep 5% or even 10 percent of your Steem Power as liquid Steem. Sure you will not get interest paid on it but if your into cryptocurrency trading you might make a nice profitable trade by keeping Steem immediately available : )
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I think we need a bigger incentive to stay powered up instead of down, I haven't withdrawn a single SP yet but if I think about it now, the divesting amount would've been a fair amount now if I had kept selling during the decline. But I know there are many other minnows out there remaining powered up and we are becoming more and more ;)
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honest intentions.
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You could also wait a while and assuming the price is low gradually reverse the process thereby increasing your Steem Power compared to what you had before the power down.
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so how much is it appreciating when Powering UP?
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They happen separately so basically just subtract what I would be "Powering Down".
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THAT is what I want to do.
I want to have enough in my account so that I can live off the interest.
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I intend to do that eventually but for the moment the payout would not be enough, I think maybe when i get to about 3000SP I'll do it possibly... for now, work work happy goblin :)
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Ah the sound of Genius ! ! !
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So what does it mean when it says another account needs ten times account creation in Steem Power before being able to power down ? ? ?
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