For Beginners (Know Steem, Steem Power and Dollar steam)
Hi all steemian friends wherever you are this time i want to talk about what is steem and how can make profit? Because out there many friends or work-relatives who have not yet understood or new beginners know steemit, this time I will explain a little about Steem & Steem Power & Steem Dollar. Steem is the value of units we can buy directly on the platform exchanger like Bittrex, and note that it does not work like a BitCoin where it is stored as a value asset because every year Steem's total supply increases 2x. How is Suppy Steem created? The answer is from Proof of Work when solving a block. Steem can be mined through Windows and mining power is determined based on your Processor, not GPU like Ethereum. So Steemit Network starts from 0 supply and based on what's written on its whitepaper: there are about 800 new steems created every minute. Steem Power is the value of the units that can be converted from Steem. For you to re-convert from Steem Power to Steem takes 2 years, gradually as much as 104x payment. Why 104x payment because steem power you convert to steem will be paid every week .. Due to 1 year there is 52minggu then 2 years equal to 104minggu. This process is called "Power Down". The advantage of having a Steem Power is that we get Steem every time a new Steem is created (still remember the above mentioned point that steam supply will continue to increase every minute?) In other words by converting Steem Power to SteemPower. We are guaranteed to get a steem quantity (in the form of Steem Power) which is more over time running rather than storing Steem entity.
** Hi all steemian friends wherever you are this time i want to talk about what is steem and how can make profit? Because out there many friends or work-relatives who have not yet understood or new beginners know steemit, this time I will explain a little. Steem's the value of units we can buy directly on the platform exchanger like Bittrex, and note that it does not work like a BitCoin where it is stored as a value asset because every year Steem's total supply increases 2x. How is Suppy Steem created? The answer is from Proof of Work when solving a block. Steem can be mined through Windows and mining power is determined based on your Processor, not GPU like Ethereum. So Steemit Network starts from 0 supply and based on what's written on its whitepaper: there are about 800 new steems created every minute. Steem Power is the value of the units that can be converted from Steem. For you to re-convert from Steem Power to Steem takes 2 years, gradually as much as 104x payment. Why 104x payment because steem power you convert to steem will be paid every week .. Due to 1 year there is 52minggu then 2 years equal to 104minggu. This process is called "Power Down". The advantage of having a Steem Power is that we get Steem every time a new Steem Power is steam powered by Steem Power to SteemPower. We are guaranteed to get a steem quantity (in the form of Steem Power) which is more over time running rather than storing Steem entity. **
Each new Steem creation: 90% of the steam will be distributed to the Steem power holder in the Power Steem unit. While the remaining 10% will be distributed to those who contributed in posting articles / upvote and comment. Additionally, when we are voting on a post, the larger the Power steam we hold, the greater the rewards that will be generated during the creation of the steam. Steem Dollars. Stability is very important in any company's economic success. For that, Steemit has a unit value we call Steem Dollars, which has a fix value (equivalent) with 1 US Dollar. the purpose of enactment of the spilitng process? The point is that the value of Steem distributed to Steem users who are actively committed to blog posts and holders of Steem Power units are maintained. every Steemit user will ensure that the Steemit site is always lively, making it a great success including introducing to people about Steemit and encouraging them to participate.
** Each new Steem creation: 90% of the steam will be distributed to the Steem power holder in the Power Steem unit. While the remaining 10% will be distributed to those who contributed in posting articles / upvote and comment. Additionally, when we are voting on a post, the larger the power steam we hold, the greater the rewards that will be generated during the creation of the steam. Steem Dollars. Stability is very important in any company's economic success. For that, Steemit has a unit value we call Steem Dollars, which has a fixed value (equivalent) with 1 US Dollar. the purpo.
Congratulations @bitcoinbeat, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.
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welcome to steemit @bitcoinbeat, best regards..
hopefully you feel at home here. 😊
Thank You all.
for the beginning I also need to mengetauhi how to work pogram Steemit.
with the posts I've read above a little I change whether the correct way.
please enlighten my friends.