Scratching out to-the-point replies of your unanswered questions about steemit

in #steemit7 years ago (edited)

Almost every next dolphin/whale here is just trying to be yoo and explaining about steem, steem power and etc.

You can check those posts by searching on google and you would find a lot of bla bla bla and nobody would just simply explain you things in points. A couple of questions have been on my mind recently and i tried to search a lot about the details but couldn't find a proper post explaining directly to the point. So, i planned to try it by myself and going to write the experience to you in short description, to-the-point and with images.

Lets scratch it and see whats behind:

1. For Steem withdrawal from exchange, do you need to use your MEMO address without clicking on "Show private key" or with?
2. How much Steem power (SP) can you get by powering up with for example, 1 Steem.
3. How much SP/Steem/USD required to get 1$ of vote on your click*

1. For Steem withdrawal from exchange, do you need to use your MEMO address without clicking on "Show private key" or with?



Most of the other posts are explaining about how to transfer Steem from Bittrex or Poloniex. I have selected a random exchange (UPbit) from South Korea, bought and transferred 3 Steem to my account.

  • In, sending address from exchange you need to mention your user name (mine is haseez) in Send option.
  • Now, in the exchange transfer window.. MEMO/Message is the section where you put your own ID memo.
  • You can find your memo by following this: Click on your profile tag > Wallet > Permissions > MEMO Last line key is your MEMO. You need to copy it without clicking on "Show private key". NO need to click on show private key.

I am emphasizing because one of my friend sent the hidden key to exchange. That is your privacy and your account can be hacked if you publicly send it.

2. How much Steem power (SP) can you get by powering up with for example, 1 Steem?



I would not take you on a tour to no of vests that you will get for Steem.

And, how that will happen and what is that. If you are interested in knowing about vests please search it and you would easily find it.

Now, i received the Steem i sent to my account as above. And it was in my balance as shown in picture. Also, please note the amount of Steem power i have.

If you do not know how the Power up process happens. Its here:

  • Got the Steem in your wallet
  • Click on drop down menu next to Steem, it shows "Power up" option.
  • Then the window will ask you How much to power up
  • You can select amount Enter and ....

After all this, i got to know:

1 Steem/4$ = 1 Steem Power

Now, you think:

3. How much SP/Steem/USD required to get 1$ of vote on your click?



The answer is about:

4000 SteemPower = 4000 Steem = 15000$

I know, that was a hammer on your head because you were thinking you could buy Steem, power up and become king of the ring. Well, at least a minnow like me was thinking that.

So, judge me if you want to for trying to hire a bot with my hard earned 0.5$ to vote my posts.

You are not gonna do it anyhow, you like those whales more than minnows don't you o.0

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This post has received a $13.75 % upvote from @siditech thanks to: @haseez.
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