If You Joined Steemit in February 2017 then ......

If you joined Steemit in February 2017 then you celebrated your Steemit birthday with 4,635 other Steemains. What an awesome achievement to see you are still posting or still curating. Congratulations and welcome to the One Year Club. 

It is commonly known that the retention rate on Steemit is rather low, so if your Steemit birthday was in February and you are reading this, let it be known that you have achieved a lot.  You are an early adaptor of an experimental platform and you deserve to be acknowledged. 

To celebarte your 1 year Steemit Birthday I have some data to present to you.  Data that proves you are special

 

In February 2017 4,636 new accounts registered on Steemit.  Of this 2815 have never made a post.  That means only 39% or 1,821 accounts made post or comments on the platform.

Did you know that the % of new steemains that joined in January 17 that made a post or comment was only 31%

From this 1,821 accounts, a further 809 accounts stopped posting by day 20 and have not posted since and only 421 accounts have posted in the last 45 days. If you are one of these 421 accounts you make up only 6% of the 6740 users that registered on Steemit in Feb 2017.

   

These 4,636 accounts own 787.89K SP between them.  They have received 155.06K SP in delegation and have given out 172.60 in delegation.  This leaves a controlling SP of 770.36K SP.  From the data above we can also see that the 1,821 accounts that posted made 285,524 posts earning 328.10M in author rewards and also 17.11M in curator rewards.

Taking the same dataset but now adding a filter to exclude any users that have not posted.  The 1,821 accounts that have posted own 73% of the SP owned by everyone that joined in Jan and they are in control of 76% of the controlling SP

  

There is however a different between the curation rewards earned on all accounts registered in Feb 17 to the accounts with active authors.  This difference of 0.3 M or 1.75% of curation reward earned by accounts registered in Feb 17 went to curators, or accounts that have never posted just voted.

We spoke about retention, but just to let you visualised when the accounts were dropping off.  The chart below plots the number of days since last post against the no of days registered on Steemit.  The deeper the colour the more users.

We can see on the right of this chart high population of deep colours.  This represents the users that registered and either never posted or haven’t posted in 340+ days.  As we move to the left of the chart we can see the drop off slows down and on the left there is a high concentration of accounts posting, which represents the 6% of accounts that have posted in the last 45 days.

   

The table below plots the 1,821 identified authors against the number of days active and the SP Owned. We can see most accounts have an SP of less than 1.5K until we get to accounts active 350+ days where many accounts have an SP of up to 5K and 10K. 

    

If we run the same chart with ALL the account that registered in Feb 17 we can see a few outlier accounts set up and never posted with owned SP of 5K+

    

So who are the movers and shakers that registered in Feb ‘17

First I filtering the data to show accounts that never posted.  This table was then sorted to show those owning the most SP.

    

Next I have filtered the data to show the users that have been active in the last 45 days. The table below shows this data sorted by SP owned 

    

And the table below shows the same data but this time sorted the posting rewards earned (shown in vests)

    

While sorting through this data I found a number of accounts that registered in Feb 2017 but only made their first or second post in the last 45 days.  Welcome back dudes and dudesses.  Glad you have joined us.

   

Looking at all Feb 2017 accounts now and sorting by the number of posts and comments made.

    

Finally I did some totting on data relating to inactive author accounts.

4,273 accounts set up in Feb 17 have an SP of 50 or less.  The total SP owned by these accounts is 119.88K.   Of this 2,781 accounts have never posted or commented. The total of SP owned by these accounts is 77.58K

Conclusion

The % author retention from February 17 is only 6%, however these accounts own more than 73% of the SP owned by all of the accounts registered that month. In the last 45 days, we seen a return of 16 Steemains to the platform that were previously considered dead fish.  Although only a small value (0.4%), it is nice to see this claw back.

How many of the accounts do you recognise?

There are a few familiar names such as @banjo and @paradise-found @buzzbeergeek and the Dapp @steemshot.  Hope you all enjoyed your Steemit Birthday

The Data and Analysis

This analysis was prepared using Power BI to connect to Steemsql

The SQL query used was

     select *

     from Accounts NOLOCK

     where    ( created >= CONVERT(DATE,'2017-02-01') AND created< CONVERT(DATE,'2017-03-01'))

From here I used the M language in Power BI query editor to remove any columns I did not need, before I loaded the data into the model. The data was extracted 30 Jan 18

From here I then carried out analysis, calculations and modelling using DAX 

The aim of this analysis was to establish the retention of authors based on users registered in Feb 2017 and also visualize the SP growth of active authors after 1 year on Steemit.  Its aim was also to celebrate and identify users that have remained active for the last year.