Put in a request for a MinnowBooster Lease - Voting Strategies and Other Wild Fantasies
I'm going to try to "borrow" 15,000 Steem Power from Minnowbooster for a month. From the looks of the request page (https://www.minnowbooster.net/market), I may not get this delegation.
I have been all over the place in my personal Steemit direction over the last month:
- I really haven't done any Information War posting
- I have had to slam on the brakes in posting overall to prevent angry posting, yet some of that still comes through
- I had been powering down to fund prepping for SHTF (societal collapse); I stopped that yesterday as I had completed the minimum level of readiness I felt needed.
- I have let my health lapse, in terms of weight, overeating, and exercise.
- I had let my Zotero database maintenance slip
- I make plans for posts and forget completely about them, or have no interest in doing them when I sit down to write.
All of this is related
When I made up my mind to end the power-down yesterday, I did so with the idea that Steem will be going up, and Steemit will be a success. This is a long term bet on a good outcome; I hedged my bet on the short term with the preps.
So looking forward, I am going to be putting together an investment strategy into Steemit (I covered some of the details last post)
Let us suppose I get this delegation...what I am I going to do with it?
First of all, I will not be upvoting every comment I make at 100% LOL. I've seen what happens to the folk that try to do that. I'm going to be selfvoting on posts at 100% at a maximum of 4 times a day
Calculating the right(?) voting weights to keep my vote useful to Steemers and myself is giving me a headache due to my lack of focus ;> I'm looking at balancing out my rewards to 50% to myself and 50% to the Steemers I support.
From @timcliff's post below:
My suggestion is to not get too bogged down in the details of the math, curation rewards, and voting power.
So in the struggle to keep my mind from spinning, I'll look at some assumptions:
- Voting Power now decreases by 20% for every 4 votes @ 100% Power
- Voting Power (with no voting) rebuilds at 20% per day
Testing that out, I dropped four 100% votes on my Home feed, from a position of 100% voting power. There was a 2% drop in each successive vote, leaving me with my voting power at 92%
So either I am not understanding these assumptions correctly, or the way the platform has changed since they were made (post HF19, btw)
So let me drop another vote at 50% and see what happens. A drop down to 91% voting power.
So four self-votes @17,000 SP, @ 100% weight, and 100% voting power are a little of 2 bucks each.
Voting for myself 4 times a day yeilds 8 in payout, which yields a return of about 6 in SBD/SP. It would take me a little over 2 months at this level to meet ROI, and I am only holding onto the lease for a month.
But wait, there is curation
So if these values hold, I make about 50% of my investment back from self-votes, which takes my Voting Power down to 92%. That leaves another 12% of voting power to spread around Steemit as a whole
Let me throw down a 5% upvote, and let's see, there is a .08 drop in voting power. A second 5% vote drops my VP by .1 this time. I am finally seeing scaling take place.
I don't understand the math, so I'll simplify my outlook. I want to stay above 80% VotingPpower on the assumption that I will recharge to 100% everyday (20% a day).
My lowest curation vote, at the 80% mark, worth will be at .09. I'll just keep clicking votes until I hit the 80% level (VP).
I am going to make less curating than self-voting, and I may not even fully curate that much!
So I will not make the initial investment back at these numbers...
...BUT...
Here is the kicker...All of this number-blabbing depends on the value of Steem
If Steem goes up, I may profit regardless, if Steem goes down, I may lose regardless.
And profiting or losing is not the goal at this stage of the Steemit game!
Go reread Tim's quote above.
Enlightened Self-Interest
Greed is good - we all have a self-interest motive. Screwing over other people is bad. Becoming self-supporting (which means meeting ALL the needs of Maslow's hierarchy). Helping other people make themselves self-supporting is good. Balancing this all out is enlightened self-interest
Drop in Steem value?
I don't care. Crypto goes up, crypto goes down. The point is to build a long term commitment to return and to network. The platform succeeds or it doesn't. Keeping people HERE requires creating content and rewarding content.
I plan on creating content regardless, and if I can get this lease, I will be rewarding content (including my own) and investing in the platform by rewarding others.
References:
https://steemdb.com/api/rewards
Upvote Calculator - https://www.steemnow.com/upvotecalc.html
Curation Vs Self Voting - Which one is more profitable?
[Tutorial] Voting in the post HF19 days - what should you do?
Steem voting power waiting time calculator @thenightflier
Minnow Voting - It is still OK to vote 40 times a day @timcliff
The Best SteemIt UpVoting Strategy Calculator in Javascript
Voting Power now decreases by 20% for every 4 votes @ 100% Power
I don't think so.
The way I understand it your voting power decreases 2% each 100% power vote.
and RECOVERS by 20% in 24hrs.
I also shared @stevescoins understanding, but have seen in the last few days that the expected decay of my VP seems to have exemplified your formula, rather than my expectations.
Prior to possessing the slider I found the VP decay to meet my expectations, but after I got it, it seems to have radically changed.
Thanks for this information =)
It seems to work for me.
I use steemnow to keep track of my voting power and a bunchaton of other stuff. It works pretty much in real time.
Dang! It's not working for me, and Steemd is down. Wonder if the same thing is disabling both sites?
I've been having issues with several of my steem tools...steemwhales and steemstats were giving me problems too.
I'm guessing the Dev's are fiddling withthe steem code.
Aren't we about due for another hardfork?
Well, Steemd is up, but I still can't get steem.now going =/
I dropped a reply asking for help on @penguinpablo's post introducing it. Mebbe he can get me going if he spots it.
Hardfork reminds me... I wrote a few chapters of a story based on the Hardfork video series, and thought they were uninterested, but apparently they just hadn't seen it. When they did, they said they liked it, so that was encouraging! =D
https://www.steemnow.com/
No Script was doing me dirty =/
I got it fixed and now steemnow works!
Thanks!
I think you are right, and the link I quoted is wrong; I tested that out
problem with 'legacy' links...stuff changes. Sometimes (hardforks) it changes SIGNIFICANTLY.
and we're in beta anyway ;>
I miss being a dolphin
I almost wasn't a dolphin any more...I almost took the power down thang too far.
I dont' regret what I did with the cash...but I sure could use that SteemPower to increase my throwweight right about now.
SO.
I haz a plan.
50/50 rewards for posts.
50%SP...rewards increase my SP...(and all the goodness derived therefrom)
50% SBD...trade for $$ and pay rent...and buy stuff.
I been doing that for a while...it's working.
I looked at your wallet just now. Good Job!!!
I'd still be a coupla thousand SP behind you, though
my life since I found steem.
About 13 months.. 16646 posts(and comments) didn't write themselves.
I powered down a bit..but now I'm attempting to regroup.
.
If we ever get another 1000%+ price surge, you will be sitting pretty ;>
You seem to have ended your powerdown at just the right time so as to not end up selling at a low. That's a bit of good luck!
You have given this a lot of sound thought, and I look forward to more good posts from you soon, whether you arrange the delegation or not.
I hadn't seen that post by @timcliff, so intend to read it asap, in order to understand how I seem to have misunderstood the VP decay curve.
Thanks for the link!
I think the low price was part of the decision; it was already dropping when I made the decision
my thinking has been mega-fuzzy all through this LOL
Hey yoooo. I did the minnow booster renting of steem power for a month and it worked fine. you can go back through my wallet and check it out if you would like.
Random people will delegate the steempower to you, and they get paid out every day from the minnowbooster. So if you buy 280 Steem worth, every day they get paid out 10 Steem as long as they continue to rent the steempower out to you. on the 29th day they will remove all of the delegated power.
I wonder If I should have parceled the request out in smaller batches, then
I do remember you had some issues getting flagged at first, which is why I mentioned the problem ;>
thanks for the experience!
Yeah, the only issue I had was because I was self upvoting every comment I was making. You can get back your investment within 19ish days if you do that, then the remaining 9 days is pure profit.
To tell the truth, I'm not too much worried about the profit, as much as I am in building back up some SP...and in throwing around some pennies here and there LOL
I can't say I don't care about it, but I am hoping that a price surge takes care of it for me
That is true. Since the price point is so low right now, if you bought in with a few hundred USD and bought Steem, then used that Steem to rent out more Steem, you could get more of your money back.
Renting Steem Power is always going to drain your money and make you go negative unless you upvote yourself a ton.
The math is that if you upvoted yourself 10 times a day every day and price stays roughly the same, that you would break even in 19 days and or so, and then the last remainin 9 days is profit above what you spent to rent the Steem. This assumes that nobody else upvoted the comments you upvoted yourself on, that way you get 100% of the upvote. That is what got me downvoted because Iwas upvoting myself a ton on stuff and that drains the rewards pool and I understand how that is bad now hehe.
But if you are renting SP and want to upvote others, you are effectively losing 65% after the full 28 days goes by.
So if you want to send them 100 Steem, by the end of it you will have earned back 35 Steem, losing 65 Steem. If you make 2 blog posts every day you would get back 40 to 45 Steem instead of just 35. So there is still a loss of over half.
Sorry for the long comment! Just wanted to lay it all out there. It is unfortunate that renting steempower will make you lose money. The only real way of breaking even or making a slight profit is using the @randowhale or @minnowbooster upvote or @booster upvote. But if you are ok upvoting others and throwing some votes around more power to ya! :) :)
yeah, I aint going to be pious about this LOL
I'd like to see a return ;>
Good info in your comment, thanks!
Im sure you will let us know how it works out. Randowhale is FAT and just sleeps all the time ;)
I might end up reviewing some of the post-vote bots as part of my strategy; I don't like them, but when I write Information War posts, I need to get them visible; they are going to have a low interest ratio to begin with, and having them buried by the self-voting cliques and the self-voters and the bots?
Sometimes you have to play the game
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