Minnow Tip! Post More When STEEM is on Sale
If you are a STEEM blogger, here is your chance to grow your blog. The STEEM is down now and this is a great opportunity to increase your SP.
Why post more when the STEEM price is low?
- You get more SP than with a high price
- Fewer people are posting
- Voters have higher power
- You stay in the game
Let's go over these ideas one by one:
You get more SP when the STEEM price is low
The name of this game is "Grow Your SP." You need 500 SP to be a minnow, and often this is a slow road. At a time of low prices, you grow more quickly here.
The economics of your author rewards for posts and comments are like this.
- First you get half of the payout in SBD (and STEEM when the price is low - see NOTE below)
- Second, the rest of your payout is converted to SP and you get however many SP units as your remaining payout translates to.
Your post payout is divided into SBD/SP STEEM right now. Normally we only get SBD and STEEM.
But when the price is low, STEEM starts printing less SBD as follows:
When the blockchain sees there is too much SBD printed it will start printing STEEM for a portion of the liquid author rewards. During this time you will receive less than $1 worth of Steem per SBD converted through the conversion function – you are getting the STEEM instead.
For this analysis, I’m ignoring the part about the SBD/STEEM split. It is STILL half of your reward no matter how they pay it to you.
We are focusing here on the part of the post payout that grows our SP under a variety of price levels.
In the left column of all three charts below are STEEM prices of:
- $0.25 - about where we are now
- $1.00 - would be nice
- $5.00 - a dream come true
Next I show a post payout you might get on your post:
- The first chart shows your post with a $1 payout
- The second chart shows your post with a $2 payout
- The third chart shows your post with a $10 payout
Notice you ALWAYS get HALF of the payout in SBD/STEEM first. This is the same at all prices and payouts.
The remaining amount "buys" you SP.
In the first example of a $1 post payout:
- you get 2 SP when the STEEM price is 25 cents
(the 50 cents remaining gets you 2 sp when they cost 25 cents each)
- you get 0.1 SP when the STEEM price is 5 dollars
(the 50 cents remaining gets you 0.10 sp when they cost five dollars each)
In the last example of a $10 post payout:
- you get 20 SP when the STEEM price is 25 cents
(the $5 remaining gets you 20 sp when they cost 25 cents each)
- you get 1 SP when the STEEM price is 5 dollars
(the $5 remaining gets you 1 sp when they cost $5 each)
In Conclusion for this section:
The more you post now, the faster your sp grows and the stronger your blog will be for future. All due to the economics of STEEM payouts and the low price.
So, how can you get higher post payouts now?
Fewer people are posting on STEEM
This is what was on @penguinpablo’s last weekly report:
Fewer people are posting. The die-hards are still here. They have to vote on something. Maybe they will see your posts and vote for you.
Voters have higher power
Many voters, especially auto-voters and program (dApp) voters have more power now. With less posts to vote for, they are not as active. Some of them are up over 95% power now. Here are some of my voters that have very high power now:
- minnowbuilder (regular and 2-4)
- most small trail voters
- some large trail voters
So, when these places vote for your posts at a standard percent, the vote is bigger since they have more power, though smaller due to the low price.
How does that even out? I think it goes against us, but I still want the higher power votes.
You stay in the game
In two years I have seen a few price drops and posted through all of them. Over and over, people leave and then come back when the price recovers. Therefore:
- the people who stayed are not impressed when you return.
- the person coming back has to gear up and remember how to post again. They will have missed upgrades and changes while they were gone. As you know, changes are coming quickly these days.
Often when the price recovers, people post about how they “should have bought in” when they price was low. I cannot buy in at any price. But I can blog more and keeping blogging when the price is low and accomplish the same thing.
What should I post?
Good places to post are listed here:
Top paying dApps are listed here:
- tasteem is up and down
- share2steem does not work with steemit – use steempeak, busy or esteem instead.
I hope this post convinces you to keep posting at STEEM. You are not a STEEM blogger unless there are current posts on your blog!
Please read more of my Minnow Tips here:
I am here because I am a natural weight loss success story and now a coach. If you need help in this area, ask me, and I will help you.
And here is the update on my current situation - trying to pay my rent and keep my wifi going:
Any help or suggestions will be so gratefully accepted and appreciated.