Pros and Cons Of Powering Up Posts
Hey Steemians I wanted to just share some pros and cons regarding the power up option which you see at the bottom right section when creating a post.You have a option to choose from 50/50 payout vs powering up 100 Percent.
Well it's really simple actually when you opt the 50/50 payout you essentially get the payout for your posts in both Steem dollars and Steem power.It is important to note that you get a higher payout in Steem dollars than Steem. For example if your post earned 5$ you might get 3.1 in Steem dollars and 1.2 in Steem power and the rest will go to curators.
Whereas when you opt for 100 percent steem power all the earnings you earn you will receive in Steem power.This strategy might be beneficial for someone trying to increase there steem power to 500 so they can use the slider lol.
In my opinion the powered up steem may be considered by some whales as a good thing for the platform because it shows you are willing to wait out on instant withdrawals, so it's possible you get more whale upvotes on your post(This theory has not been tested yet)
Benifits of powering up 💯 %
Cons of powering up 💯 %
If you go with the power up strategy you could go in with a goal that I want to get X amount of Steem then stop and reward my followers with my newly acquired voting power.
Still learning about this topic and Steem in general feel free to add value to this post by giving me some feedback.😀
Hey thanks for taking out the time to share this info with us😊
You got a 3.65% upvote from @whalebuilder courtesy of @jsonkidd. Join @whalebuilder family at our Discord Channel. Don't let your precious stake(SP) go stale...Make it do more so you have to do less. Deligate it to @whalebuilder by clicking on one of the ready to delegate links: 50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | custom amount.
You got a 2.18% upvote from @mercurybot courtesy of @jsonkidd!
You got a 1.47% upvote from @minnowvotes courtesy of @ajkapss!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jsonkidd from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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