[SP interest rates] 187% Interest on Steem Power?

in #steemit4 years ago


According to my Wallet, I am receiving .001 SP per minute on 280 Steem Power

.001 SP/minute * 60 minutes/hour * 24 hours/day * 365 days/year = 525.6 Steem Power/year

Interest Earned / Starting balance = Interest Rate

Therefore,

525.6 / 280 = 1.877 ( multiply by 100 to turn into a percentage) and....

Interest Rate = 187% per year

I'm assuming I'm not calculating an important figure...

Or is this math correct?

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I dont know about the math but its way better than a savings account

I liked your post maybe you'd like one of mine ...[https://steemit.com/@joelinux]

I meant to use the word "return" instead of interest. However, the return will only be realized if it lasts. While a savings account has no risk, there's still a lot of risk holding Steem Power. (Still bullish though)

When is the interest paid? I have some SP but it just says "1 week ago Receive interest of 0.000 SBD". It's never changed.

If you refresh your wallet every 60 seconds, you will see your Steem Power number increasing.

@monopoly-man glad to see you got the picture in the header thing working. I literally just saw your comment asking me about that.

@scaredycatguide.. Thanks. However, I still don't know how to have a header image that is not in your post. Or, how to pick which image in your post becomes the header image.

Oh in that case neither do I. The first image in your post is your header. I've come to accept it, if there is a header only option that would be great. Nothing I tried worked.

I upvote U

@scaredycatguide It's been a year now... (been quite awhile since I last posted because I thought steemit ended up being a pump and dump)... However, I come back almost one year later (10 months) and this post ended up calculating my return to the dime!

I started with around 284 steem power, and now that steem power has grown to 545. That's just over 187% return on steem power in just 10 months.

Makes me wish I bought some more when steem was around 3 cents...