I have a question how this SP delegation works. I gave 500 SP, for 4 weeks, with ARP 41%. now i am getting 0.643 steem per day. BUT, THE FEE was 20 SP. So, in my calculation at the end 4 weeks, it may not payback the fee that was taken. The question is what is the benefit out of leasing 500 SP after 4 weeks? Unless i miss understood the whole process, there is no gain to the leaser with small number of SP such as my example. I hope you got my question
RE: My Experience With MinnowBooster Delegation
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My Experience With MinnowBooster Delegation
@wegterfx . You are getting .643 STEEM over the course of 28 days. This totals to ~18.004 STEEM. Currently minnowbooster gets about 10% which would put you right on track.
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"Currently minnowbooster gets about 10% which would put you right on track" would you elaborate what do you mean by that? am kind of new just want get it understand. Thank you.
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Sure! You can see the details on the first post by minnowbooster here: https://steemit.com/minnowbooster/@minnowbooster/introducing-minnowbooster-beta
So this comes out of the 20 STEEM awarded to you over the course of the loan from my understanding. It looks like the hope is to change this but currently it is around 10%. So this means that even though the total payout states 20 STEEM it will end up being around 18 STEEM once your 4 weeks have completed.
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let me put in this way.
I offer my 500 SP for delegation for 4weeks. I was charged 20 SP at the beginning. Meaning i am short of 20 SP (now 480 SP). I am getting 0.643 perday and multiply that by 28 days or even 30 days i will not get 20 steem to payback the fee. my question is this delegation thing is not benefiting for small quantity of SP such as 500 SP. if i cancel it now i loss the fee. at the end i would be loser from this process.
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Ahh..I think you misunderstand. I looked at your account and I do not see a charge for 20SP. You are not paying anything. You are loaning out 500SP and then getting 20SP minus 10% fees after 28 days. There is no charge to you as the lender.
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Actually... I see now that you have (-480.615 STEEM) instead of 500. Hmm... Maybe @bulleth or @reggaemuffin could help in the discord chat.
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I need to ask how this (+688.264 STEEM) that I have now in the steempower part of my wallet.
Is that borrowed and has to be repayed? and do i owe more back
How does this work? I sent 10 steem and got 650..... before I understood or even thought how it workd
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@gunni55 I responded to you here and that might help explain it.
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