hey Glen, if you're around, what do you think about the 100% setting for newer members, the sp setting to build your sp faster? does that really work?
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hey Glen, if you're around, what do you think about the 100% setting for newer members, the sp setting to build your sp faster? does that really work?
I think you're going to need to explain that a little more, because I'm not sure if I understand what you're asking.
We all can get to 100% SP, and if we vote at or near it, then we live the maximum amount of upvote that we can. The more we upvote within a 24 hour period, the farther and farther away from maximum we get.
Go and ahead clarify, but I will say there was something I read early on, and I think it's either in the STEEM FAQ or in the etiquette pages where it suggests voting at maximum power 10-11 times in a 24 hour period, especially at lower SP. I'm not sure exactly how that improves SP quicker, though, since you're only getting that back in smaller curation amounts than you would for author rewards.
ok well...evidently you've been slacking off on your mind-reading courses again..plus you didn't post anything today so I see indications of some serious mental deterioration going on.
yeah I do terrible at keeping my voting power, it's usually at around 50%.
what I was asking though, and I reread my question and I didn't even understand it, was on Busy there is a setting to get 100% sp reward and some people say when you are new that you should use that setting because it grows your sp faster.
so I was just wondering if you thought that was a good strategy until a person has some sp built up.
Okay. Now I understand.
You're talking about the payment options we have that were moved off the new post page and onto the settings page on Steemit a couple months back.
The answer to that question is, it depends. The thing about the 50/50 SBD/SP split is, SBD is always considered to be $1, no matter what SBD is. So, when SBD is higher than $1 USD, you get more SBD than you would get if it were being calculated the same as STEEM or SP. It's pretty convoluted math, and I still don't get it all, but essentially, there are fewer times when taking straight SP is going to get you farther than if you take the split, and I don't think we've hit that yet. Even with STEEM above the value of SBD, it's still close enough that you're getting more SBD, even though when you go to exchange it, you end up with less STEEM. I haven't paid much attention to where that point is, nor do I know if I could calculate it. I'm a writer not an algorithm. :)
And that wouldn't just apply to newer accounts, but all of us. And it would really depend on the amount of rewards being received, because incremental is still going to be incremental. Instead of taking, say, 200 days to get to 500 SP with the split, maybe you take 180 days. Faster, but not by a whole lot.
I've been waiting to see posts from folks who know how to do these calculations to more or less clue the rest of us in when all SP might be the better option, but I haven't seen them yet. At least not from the people I trust with such calls. People were doing it a couple of months ago when the prices first reversed and held, and that wasn't necessarily good because SBD was still valued well over $1 USD.
ok I got it. thanks so much Glen!