You should now select 100 % Steem Power on posts to maximize your profit on writing posts and commentssteemCreated with Sketch.

in #steem5 years ago

It's been a long time since SBD was soaring way over the "pegged" $1 value, at which point we were telling everyone to select a 50 / 50 % SP/SBD split whenever they were making new posts, or risk losing a lot of profit from their work. I remember telling a lot of people to stay away from the "100 % Steem Power" option. Those were great times, but now we're at the other end up the spectrum: SBD is trading for less than $1 on exchanges, so it is time to adjust our preferred payout option once again.

sbd.jpg

The internal blockchain logic still treats SBD as being pegged to $1, so essentially we're put in a position where we get less money (measured as a dollar value) from choosing the 50/50 split that we have all gotten so used to using.

This means that if you want to maximize your author rewards, selecting "100 % Steem Power" is the best option, and you will get slightly more money by going with this, as long as SBD stays at a place where it is worth less than $1.

How to change your payout

If you are using Steemit.com: Go to "Settings", scroll down a bit, and select the option from the scroll-down menu. You can choose to put this option for both posts and comments.

If you are using Busy.org: You have to change your option in the drop-down menu at the bottom of the page when you are writing a new post.

But there is also a downside to this option

While you will get more money by selecting the "100 % Steem Power" option, there will also be a downside to people who like to have liquid money. Because just as the name implies, you get all the rewards in Steem Power, so you will not be able to sell your stake without powering down first. So this might not be a good option if you think you are going to be selling some or all of your Steem within the next 13 weeks.

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It’s even better to hodl Steem now because selling it out now doesn’t profit much, there is time for everything, time to sale and time to hodl, I think it’s time now to hodl Steem. Thanks for reminding us @valth

I’m going for 100% power up!

I agree. But you will get more Steem by choosing 100 % Steem Power, than you will get by selecting 50/50 and selling the SBD for Steem. But now's definitely not a good time to be selling :/

I was surprised to be not aware of it, despite being aware of SBDs price and despite being previously already aware of this issue.
However, due to supply and demand, and due to urgent needs like available liquidity for opportunistic buying of votes, adopting your obvious reminder will be much less profitable for me than sticking to the 50%/50%, buying votes and powering down at max speed.

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I see. This option is definitely not as good for people who want to have liquid Steem available to use.

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OK, that is a cool advice. Hadn't thought of it as SBD is close to one dollar, but close is not there. I also hadn't seen the option to set the default in setting. I have reshared - it is paramount that Steemit gets a middle-class. All quality creators should power up.

Thanks for the resteem. And I agree, we really need a middle-class here.

Thanks for information, because I also noticed the sbd-profit goes down in opposite to my SP, yet I know rate fluctuations influenced this and what's more important, I know what's to do when I post next time.

I'm glad you found it useful! Just remember to do the opposite thing if SBD ever reaches above $1 again ;)

You are right, I will start doing it 100%.

I've already set up the whole thing. hmmm in such circumstances this is a best option

Yep, it really is. It won't make a huge difference, but it's still nice to get some extra money on our posts and comments :)

Great advice! Now is the time to HODL..before you have FOMO on HODLing :)

Hehe, good point ;)

Thanks for the update...I will adjust accordingly for sure?
Is there any way for us to choose the 100% steem payout option for steemhunt post???

That's a good question. I don't know to be honest, I haven't done many hunts at all. But most DApps don't provide this payout option, so I doubt it.

100% power up is a great option.

Yea, it sure is! Thanks for stopping by.

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