I'm thinking of increasing some more steem power but I would like to know a bit more about it first.
I know you can power down in 104 payments or choose another option of 1 year powering down and then getting the whole payment... This is the info I've come across so far while reading SP related posts and blogs!
So my question is could any of you guys who come across this post let me know what your experiences have been so far in regards to powering down your steem power.
For example Is it worth powering down at this point in time ? does the share price make a difference when powering down?
Let me know if any of you have already done some powering down or are in the process of doing it, was it worth it?
Can you power down lets say half of your SP and keep the other half?
are there Any tricks or tips that i should know about.?
Cheers!
I'll be watching your blog closely, also looking for those answers!
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ok :)
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I've powered down. I'm getting roughly 1 percent of my SP in steem once a week. I'm still making more SP per week than I'm getting paid out of it so I will still have more SP than when I first hit the power down once the two years is done. I don't know if I'd say it's "worth" it, but having that steem that I can cash out every week is making my bills much easier to deal with. As far as I can tell the exchange rate has no effect on your power down, it only affects how much you get for it if you cash out.
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Thanks! First clear answer
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Ok sounds good man!
another thing, Could you then add more steem power to your capital during a power down? or does it lock on powering down? Let me know! THANKS
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also i don't really understand the value of steem power... i just added one more steem power to my account for testing and it increased my estimated account value by $2.22 so do you know what determines this value?
:P
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