You are viewing a single comment's thread from:

RE: Minnowbooster rates

in #minnowbooster7 years ago

The problem is that you delegated your steem power to minnowbooster instead of actually loaning it out through the market to an actual account.

You need to go here and actually fill a market order before you'll make the fixed returns. Right now you're just getting paid out in sbd as a percentage on the curation rewards that minnowbooster makes.

When you actually lease out your sp to another user you'll get paid a fixed amount of Steem everyday according to the lease agreement. The return is much better going this route than the way your currently doing it.

Sort:  

Your statement doesn't address the point of my article. I was earning $12-$20 per day doing exactly the same thing only 3 weeks ago. I already know that I can loan SP directly to end users. I was asking @minnowbooster if my math is right and, if so, what has changed.

Sorry I'll try to make it a little clearer because the statement is actually addressing the point. You were earning between $12-$20 per day because your earnings are coming from the curation rewards you get by delegating your SP to the bot.

So now ask yourself what two key components come into play for how the bot makes curation rewards. One is the upvote and the second is when that vote occurs on the post.

Issue one has been impacted lately because minnowbooster now sells other users upvotes to fill the need at the lower end of the spectrum when it used to be the one to fill that need. Thus it now votes less.

Issue two comes into play when users figure out that it's most beneficial for them to vote on their new posts as quickly as possible using minnowbooster so that the majority of the curation rewards go to the them as the author, rather than to the minnowbooster account.

Thus you are now seeing lower returns because you are getting hit by both factors because you are dependent on your rewards coming from the minnowbooster account curation rewards rather than locking in a fixed daily rate by using the marketplace.

Thanks for the reply. Removing my bot delegation today.

Glad that made more sense, you're definitely much better off going the other route.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 61297.02
ETH 2687.45
USDT 1.00
SBD 2.59