Time To Help The Planktons: Mine SBD For The Red FIsh
Here is an opportunity to help out the smallest account on the STEEM blockchain.
I am a believer that to be successful on STEEM, it requires a long-term view. Plus everything we do builds upon itself to compound later one. This can have a magical effect on a wallet down the road.
We all know it is difficult to amass SP when one is getting started, especially if one lacks the ability to buy SBD.
I came across an interesting application that we can all turn into a positive for the smaller accounts. With the Minnow Uprising slated to start July 1, this might also be a terrific way to help.
MinnowSmith was developed by @spotted. This is an application that allows people to mine SBD. Yes you read that correct, people now can "mine" SBD.
Naturally, we know this is impossible since the STEEM blockchain does not have mining. What is actually happening is one is mining another token which @spotted then uses to purchase SBD on the open market.
As you can see from the site, it is a rather basic concept. One simply enters the name of the STEEM account in the box, hits start, and agrees to the use of the computer's processing power to mine.
It is nothing more than browser mining. Yet unlike some of the unauthorized browser mining scams like with SIA, this is voluntary.
Before going any further, I will state that the odds of a single account amassing a ton of SBD through this is not likely. However, we can really help out smaller accounts. Having this run in the background of our computers really costs nothing. Yes it will use up processing power but I found that for most applications I use, my computer has enough. You can also run this on an extra computer/laptop that is laying around.
Based upon what I can figure out, the daily payout of SP from the inflation rate is as follows.
500 SP = .025
250 SP = .0125
100 SP = .005
50 SP = .0025
As you can see, those accounts with 250 SP and below are getting very little. This is coupled by the fact that their votes are often dust.
To see this in action:
So here is my idea:
To start, every Plankton goes to MinnowSmith and starts mining for him or herself. Just enter your username and hit start. This will require disabling an adblocker or whitelisting that site for it to run.
The second part of this is that everyone who is a Minnow or above, does the same thing except we do it by entering the name of a Red Fish. The reason for this is because when you look at the "mining" payout compared to one's account size, it is really a minimal difference at best.
We stage a Plankton adoption program.
With the inflation payout small for this category of Steemians, we can expect a 50%-100% (or more) increase in the daily SP going into their accounts. Now bear in mind, MinnowSmith pays in SBD which needs to be converted. It is roughly 1 SBD for 80% STEEM. That said, it is not difficult to get .005 SBD (.004 SP) per day off a decent computer. This about doubles the amount for a 100 SP account.
One way to further this is for each Red Fish to follow @spotted. This will increase the SBD one makes. Presently, it is 250K hash for 1 SBD. By following, that number drops to 237,500.
The payouts are daily as long as one reaches .001 SBD.
Here is the post announcing this project by @spotted.
I like the idea. We can use our collective computing power to help the smallest accounts among us. This seems like a novel way to spread a bit of love among them.
I did try it last night before going to bed. Running on an old computer and a tablet, I was able to get almost .004 SBD for someone in under 10 hours.
Getting together to help each other is what I believe STEEM is all about. Here is another example of something simply we can do that will assist others in moving forward. Individually it won't amount to a ton yet a couple people mining for the same Plankton can double the inflation rate of the SP going into the account.
Collectively, we can make a huge difference.
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