Around 2 weeks ago I did start with a SP leasing experiment, to see if one could make a profit out of it or not. Last week I did write a post about how much power I did lease and what my curation rewards were at that time. This post can be found here:
https://steempeak.com/steem/@fullcoverbetting/leasing-steempower-the-curation-reward-experiment-smart-or-foolish

But I also promised a follow up post, and this one is the promised one! As one can expect I am making a loss on the leasing of SP.

The follow up!

Well in the last post I did lease 9700 SP and in the last week I did had an extra lease request filled of 1000 SP, bringing my total on 10700 SP.

Well first let's have a look again how my curation rewards were one week ago:

So nothing special for an account with 5K own SP.

This is how things are at the moment:

Looks a lot better, doesn't? Yesterday for the first time my daily curation rewards did go above 3 SP, but still that isn't enough to make a profit. Before I did start with the experiment I did earn around 1.2 SP per day with curating posts.

I did invest 208 Steem into this experiment and when I did sum up my daily costs it is costing me 5.011 steem per day!
But I also made some mistakes. The first leases I did request were only for 4 weeks, which is more costly than leasing SP for a longer period of time. Not that I could have saved some steem, because leasing for a longer period is more expensive but I could have had the leased power for a longer period of time with a lower daily cost, making it easier to come closer to a break even point!

The future

Also in that post I did look at the expected curation rewards for the next 7 days.
This is from the original post:

At the time I had an expected avergae daily curation reward income of 2.766.

This is the current one:

The total expectd curation rewards of 28.617 steem, represents an average of 4.088 SP per day.
So during the experiment I was able to increase my curation rewards with 2.96 SP day. But I am loosing 2.051 SP per day based on my investment.

But there also some positive effects. To start with I did change my voting strategy and was able to increase my efficiency to 58.88%, coming from 53.79%.
Also my upvote value did triple. Due to the fact that I am self voting my posts, this add an extra value on my posts of $0.06, so $0.03 per post after curation. Which is an extra income of 0.24 Steem per post. So let's say that I do write 50 posts during this experiment. 50 * 0.24 reflects 12 steem extra.
Bringing the loss around 1.5 steem per day!

But like the commercials say, giving a bigger upvote to some great post is priceless!
I still have one not filled in lease request and probably it will not be filled. But because I am loosing steem on it, I will not request new leases. The last leases will end on the 17th of February next year. Until then I will have some extra power. After that it is back to being a shrimp in the steem ocean!

Cheers,
Peter