RE: Million Dollar Challenge #2 : How to use the XLS-file
Hello @themystic. According to my research the absolute best regime is to apply 1 vote every 2h only. That will increase your internal rate of return considerably. If you are doing some posting, commenting and upvoting, then your internal rate of return should be higher than 0,4% per day.
If you are doing no posts and just writing a useless comment somewhere (for example "meep") and you upvote your own comment, you will be making 0,2% interest per day. In investment terms that is an outspoken high value. That alone gives you a factor of 2,07 per year, or better, if you have 100 steem today, and only upvote yourself daily (and receive no further rewards), you will have 207 steem after 1 year. OK?
The best quantity of votes is between 10 and 12 a day, which to my mind is 11. Now that is what my tests show. I am currently also testing other things, so now and then my voting power will be out of whack...
It is best to vote exactly 1 time per 2h continously, but I can't do that, or would need a bot to help, I am therefore testing a bit with streemian, but I don't like it, and after a few tests I will probably stop with that. Therefore, just vote 11 times per day and everything will fall in line, atleast that's how I see it. Take this medicine with precaution and at your own responsibility. Don't vote to less than 80%. If you do vote to 75% then check how long it takes to recharge? It should be about 28h.
If you post and comment and vote with quality and discipline, you will by far beat the 0,4% interest rate. This is what I see. Then, you will hit 1 million dollars long before the deadline which is in 6 1/2 years. Taking into account that the price of steem will probably 20-fold in the coming 2-3 years, I reckon either steemit will collapse, change many rules, OR many many people could turn into millionairs.
Ok
Great. Thanks for responding by providing the details. That makes sense to split votes across the whole day. I have created an excel where in you can key in initial amount & interest rate and it calculates the compounding interest and the total amount for 7 years (2555 days approx). My charged upvote seems to be 7c for now it seems.
Cheers!!!
How many USD and Steem do you see after 7 years? What daily interest rate are you calculating with?
Assuming 100$ is the account balance in SP;
Interest 0.4/day returns 1003249.98$ in 2309days i.e. 6.32years
Interest 0.8/day returns 1000864.11$ in 1157days i.e. 3.16years
If any future hardfork raises the current interest to 4times then
Interest 1.6/day (0.4*4) returns 1012148.691$ in 582days i.e. 1.59years
Here is the link to the file which could come handy;
https://ufile.io/el4zi
(above file URL will expire in 30 days)
Let me know if you have any suggestions. Thanks.
Will check it out. Basically confirms what I have been saying all along. Just stay with it, sooner or later either steemit will collapse, or you have caboodle on your account.