RE: Historical MVEST to USD Price Chart - Steem Power Has Not Lost Value Over The Long Term!

You are viewing a single comment's thread from:

Historical MVEST to USD Price Chart - Steem Power Has Not Lost Value Over The Long Term!

in technical-analysis •  8 years ago 

@timcliff I have a question. So a while back I read something about powering down and then every 7 days restart the power down to "give yourself a raise". Now that I've read this, I'm a little confused. When you power up you get X amount of vests. When you power down you lose some of them. Your steem power is constantly increasing. So is it beneficial to power down and then power it back up after 7 days and keep resetting it? I'm assuming if you do this repeatedly you will just have a bigger payout in steem every week, but if the plan was to cash it out I'm not sure it makes sense because as time goes on the price per steem has been going down.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I haven't looked into the power down math much (I haven't powered down yet myself), so I am not really that familiar with the details. If you powered down 100% of your vests and did nothing else for 2 years, I think you would get equal payments as far as vests, but each week the amount of STEEM that would get paid out would increase. The giving yourself a raise part is more for if you earn extra vests (from curation, content rewards, etc) and you want to include those in your power down as well. Don't quote me on this though :) I'm only about 85% sure this is right.