Steemit Top 5: Understanding Steem Power
Sometimes Steemit can be an incredibly confusing platform and when you are starting you often have a bunch of questions that you want to ask; such as, what exactly is Steem Power? In this Top 5 we are going to get a better understanding of Steem Power.
#5) STEEM, it's all about POWER!!
This is a really good starting point to get you to understand just how important Steem Power actually is!
#4) Powering Up!
Now that you have understood the basic premise of Steem it is time to learn what it really means to power up!
#3) Video Explanation
Don’t feel like reading? Then watch this video instead which will explain the concept of Steem Power and more!
#2) Steem Power Interest Is Not Compound Interest!
By now you should have a good understanding on Steem Power, lets go more in depth about how it actually functions.
#1) Still Confused by Steem, Steem Dollars, and Steem Power? The Power Plant AnalogyIf you are still confused, this post has got you covered ;)
Hope you all now have an even better understanding of what exactly Steem Power is! If you have any questions please ask away!
Hello, thank for the info! I still have one question, described here:
Can my SP balance ever be reduced to zero by Power Down?
That is a very good questions! I have not come across any articles which talk about this exact questions. Sorry, I wont be much help here.
Great post and thank you.
Steem for dummies, just my speed thanks
Thank you for the info!
It is a bit annoying that powering up takes 1 week... hope it gets reduced some day.