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RE: Review on Delegation Power in Steemit
delegating can be a great way to increase your steem/SP especially if your vote is sat at 100% for long periods. You may as well lease out that power and take an income of around 24% to 34%
Just don't lease too much or your personal voting power won't be worth much
@dune69 , you sound like an experience delegator.
What did you find being a delegator pro and con ?
Did you make any extras income by doing so?
or you like to help others?
I wouldn't say experienced but i've made a few delegations
Pro's
You can sponsor something you believe in or you can use delegating as a form of investment and hopefully make over 25% PA
Its good if you are on holiday or have no access to your account for a while then utilizing the delegation system makes sense.
I was hoping to loan out 1000 SP and expect an income of 1 Steem per day
Con's
You have to physically claim the SP back when the loan ends (you'll receive a memo from minnowbooster to remind you)
You have to wait a week to get your SP back and available to use. I try and delegate for at least 4 weeks at a time.
I usually have a look at who wants the delegation to see what they want it for. If they look like they will make good use of it and help the steemit community then i'm happy to delegate
You can take back the delegation at any time
If you have a lot of delegations and you loose track. You can check them out on minnowbooster or on SteemWorld.
The rate at 1000 SP/ day for 1 steem is too high.
No one can produce that much a day.
Therefore it won't works , have to be reasonable request.
contact me at Discord for a chat.