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RE: I Powered Down and took cash. And, wait for it....the World Did Not End. Observations and what I learned from my first Power Down.
Answer 1: next week you will receive the same amount as last week. The newly earned SP are put aside, will not be included in the ongoing power down process.
Anwser 2: When you restart Power Down process (cancel and start again) it will pick up the remaining SP and starts 104 sequential power down. In cli_wallet you can specify how much SP to power down, but on website, you can do only do all the remaining balance.
Thank you for that clarification. I was also wondering how that worked and I think that the way how to Power Down works makes the most sense.
Yes. Thank you for this. This makes Powering Down a very interesting proposition. You can get cash while still generating Steem Power. Thank you for your help.
The interesting effect is you can never drain all your Steem Power. There're always more SP rewarded during the powering down process.
Thank you for that. That info hasn't really been shared. Most of the info about Powering Down is quietly share as "don't do it, Power Up!" Under current prices the amount I've Powered Down will generate $400-$500 a month. You better believe that would make a difference in my life. So I'm trying this out and experimenting.
Or what I could do is Power Down, 7 days later receive my payment. STOP that Power Down and then immediately start a new Power Down at the higher price, thus giving me a weekly raise. That's VERY VERY powerful, and really hasn't been shared, or shared well. Thanks for the info.