DustSweeper - Turn Dust into Profit!
Every week, I search the deepest corners of the steem platform to look for a new or underrated tool that I think would be of interest to some of you.
This week I didn't have to search that deep in order to find this interesting service. As I was browsing my feed yesterday, I stumbled upon this post shared by @davemccoy: Minnow/Newbie Palooza Is Live NOW (Over $100 SBDs in Free Prizes, Giveaways, and Upvotes). It's a special event at @newbiegames where they try to connect newbies and minnows to what is currently "hot" in the Steemiverse.
If you are a newbie/minnow who is into easy contests and all the while having a chance of interacting with your fellow newbies/minnows or even veterans here on Steem, then I highly suggest following @newbiegames and @davemccoy as they are constantly doing events like this one.
Anyway, what caught my attention to that post is this one: #2 On The Hot List - DustSweeper
What is DustSweeper?
The above image pretty sums up what DustSweeper is all about. DustSweeper is an automated bot service which picks up all your comments that falls below the dust threshold and upvotes them in order to make sure that it reaches above the minimum of $0.02. Simple as that! This simple and pretty awesome service is created by witness @danielsaori.
If this is your first time hearing of the Dust Threshold, then yes it is true. I've written an article about this months ago Today I Learned about the Dust Threshold to which I encourage you all to read. But the gist is that:
Currently if a post/comment earns 0.001 to 0.019 SBD worth of rewards - this is rounded down to 0.00. If a post/comment earns at least 0.02 SBD - then they receive their reward.You read that one right. If a post or comment gets only less than $0.02, at the time of payout (or after 7 days) it is rounded down to $0.00. This is also one of the main reason why I always upvote at around $0.03 to make sure that even if the price of Steem goes way down, my vote would still probably be at least above $0.02 by the time of payout.
How does DustSweeper works?
Consider the image below:The above comment according to GINABot only received $0.017 but is rounded up to $0.02 in Steemit. Assuming that the price of Steem is stable and will not go up, at the time of payout (after 7 days) instead of getting $0.017 I would get $0.00 or literally nothing from that awesome comment just because it falls below the $0.02 Dust Threshold. Seems kind of unfair, isn't it? XD
Now this is where DustSweeper comes in. DustSweeper will upvote all my comments that falls below the dust threshold (<$0.02) and is at least greater than $0.00 on the 5th/6th day it is posted. Right now, DustSweeper is voting at $0.032. So for my example above, instead of getting literally $0.00 or nothing from it due to the dust threshold, I am now getting at least $0.049($0.017+$0.032). The $0.017 vote is not anymore a waste.
This is quite useful when you interact with newbies/minnows whose vote falls below the minimum threshold or cheapskate people (kidding of course :p) who votes below the minimum. Now a $0.003 vote on you is not anymore a complete waste because of DustSweeper.
Sounds Great! How to avail of the DustSweeper service?
All you literally have to do is to send some Steem/SBD into the @dustsweeper account and that's it! Sit back, Relax and Wait for a post/comment of yours that falls below the dust threshold on its 5th/6th day.
When you get dust, who you gonna call?
Posted from my blog with SteemPress : http://jlordc.vornix.blog/2018/07/06/dustsweeper-turn-dust-into-profit/
Now this is what I really need, given that most of the time I accumulate a lot of dust here and there. Basically gonna double my minuscule investment in the program right? Thanks for sharing it and hope to see more useful tools in the future!
Btw I just used the service so let's see haha
No problem! I guess a change in the code was possibly done today seeing as you got an upvote minutes after posting lol
But yeah. It is indeed helpful in making sure that you or anyone's dust comments won't go to waste. :)
Yeah it is really helpful, but I think using it in moderation is also important since it just doubles the amount sent, a sudden rise in the price may see the amount invested as a loss but I think we won't seeing that anytime this month lol.
its a amazing initiative.
like it a lot because there are lot of dust.
thanks for sharing it,i will try it.
, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
@jlordc informative post
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