Value of my account
I am not very good at new technology. I am looking for help in explaining my account. In my wallet it says my estimated account value is $30. When I go to steem supply it says my total account value is $161.
Why the difference?
What is steem power and what is the number underneath it in parenthesis?
And what is steem dollars?
Sorry, I am sure these are basic questions. Maybe there is somewhere I can find the answers to these questions.
I started on steemit a while back but then wasn't on for about 6 months. Just got back and have basically forgotten everything.
Thank you.
Hello, SteemPower is how much your vote can produce gain in $.
The number above in parenthesis it's like a gift from the steemit to new users have a lil power of vote. But it's not for entire life, when u grow this will desappear.
Steem dollars, it's the base reward in $1.
Always when SBD is higher than $1 you are having profit.
If u have more doubts i can help you.
So the actual money I have is $30, not $161. The $161 number includes the value of my votes....is that right?
You should check out this post, I can't take the credit for it so don't upvote me.
https://steemit.com/steemit/@donkeypong/still-confused-by-steem-steem-dollars-and-steem-power-the-power-plant-analogy
Thank you.