Viewing a response to: @musing-threads/m2ppqqu4c
<a href="https://musing.io/q/criptoec/p3zxmlrb5"><b>WHAT IS POWER DOWN AND POWER UP AND TRICKS TO EARN MORE SP?</b></a><p> Lately I see a lot of people doing power down and it's like it's going viral</p>
author | criptoec |
---|---|
permlink | p3zxmlrb5 |
category | musing-threads |
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<p>POWER up is basically purchases sp.</p> <p>How to POWERDOWN STEEM POWER</p> <p>Withdrawing STEEM POWER from your steemit.com account requires that you initiate a process called Power Down that begins to convert your STEEM POWER to STEEM tokens that you can transfer to other users or withdraw and sell. Before starting a Power Down your current STEEM POWER will start to be converted into 104 equal parts and each of them will be available to you in the form of STEEM, now only takes 12 weeks ..</p> <p><br></p> <p>The first portion of STEEM will be available in your wallet after exactly one week, then in another week you will get the second part of the 12 and so on with the process, which 3 months or 12 weeks to complete. At any time you can do Cancel Power Down from your purse just like you started it, but the advice is to stop it once you have received one of the 104 installments.</p> <p><br></p> <p>Why would you cancel the Power Down</p> <p>The answer is very simple, once you start a Power Down, you take the current STEEM POWER from your account and it is divided into 12 parts and each week you will receive 1/12. However, your STEEM POWER will continue to grow while you continue to use the web, and there is another way that makes it grow by itself - the STEEM POWER has an interest rate, so you earn more simply by maintaining it.</p> <p>So you receive a weekly payment, you can cancel the Power Down and right after starting the Power Down again from your purse to take the new amount of STEEM POWER that you have accumulated up to now from your account ...</p> <p>Start a Power Down now and keep it</p> <p>You probably are not aware of the fact that no matter how much STEEM POWER you have in your account, the interest you generate in a week will always be greater than 1/12 of what you have, which will be converted from STEEM POWER to STEEM if you do Power Down. You can obtain an estimate of the interest rate, how much you will be earning and what is the Power Down fee for your account with the help of the SteemStats.com website, all you have to do is put your account name on steemit.com and go to the Steem Power label.</p> <p><br></p> <p>So you gain more interest in your STEEM POWER in a week than what you will receive back in STEEM tokens in a week based on when you started Power Down. This means that even in Power Down mode you are increasing your STEEM POWER over time and thanks to the portion you get back in the liquid STEEM token form in your wallet, you will be able to make it more and more flexible.</p> <p><br></p> <p>The conclusion is that you can be in Power Down mode constantly without losing anything and it will simply lower a bit the growth speed of your STEEM POWER, but you will have more flexibility since you will also have some STEEM tokens. Of course, once you get back STEEM tokens you can use them at any time to power up and convert these back to STEEM POWER. Just do not forget to cancel the Power Down after receiving a payment and restart the Power Down right after to take the new Balance from your account and recalculate the new 1/12 installment value</p>
author | better-life-tips |
---|---|
permlink | p3hrhlrmx |
category | musing-threads |
json_metadata | "{"app":"Musing","appTags":["steem"],"appCategory":"steem","appBody":"<p>POWER up is basically purchases sp.</p>\n<p>How to POWERDOWN STEEM POWER</p>\n<p>Withdrawing STEEM POWER from your steemit.com account requires that you initiate a process called Power Down that begins to convert your STEEM POWER to STEEM tokens that you can transfer to other users or withdraw and sell. Before starting a Power Down your current STEEM POWER will start to be converted into 104 equal parts and each of them will be available to you in the form of STEEM, now only takes 12 weeks ..</p>\n<p><br></p>\n<p>The first portion of STEEM will be available in your wallet after exactly one week, then in another week you will get the second part of the 12 and so on with the process, which 3 months or 12 weeks to complete. At any time you can do Cancel Power Down from your purse just like you started it, but the advice is to stop it once you have received one of the 104 installments.</p>\n<p><br></p>\n<p>Why would you cancel the Power Down</p>\n<p>The answer is very simple, once you start a Power Down, you take the current STEEM POWER from your account and it is divided into 12 parts and each week you will receive 1/12. However, your STEEM POWER will continue to grow while you continue to use the web, and there is another way that makes it grow by itself - the STEEM POWER has an interest rate, so you earn more simply by maintaining it.</p>\n<p>So you receive a weekly payment, you can cancel the Power Down and right after starting the Power Down again from your purse to take the new amount of STEEM POWER that you have accumulated up to now from your account ...</p>\n<p>Start a Power Down now and keep it</p>\n<p>You probably are not aware of the fact that no matter how much STEEM POWER you have in your account, the interest you generate in a week will always be greater than 1/12 of what you have, which will be converted from STEEM POWER to STEEM if you do Power Down. You can obtain an estimate of the interest rate, how much you will be earning and what is the Power Down fee for your account with the help of the SteemStats.com website, all you have to do is put your account name on steemit.com and go to the Steem Power label.</p>\n<p><br></p>\n<p>So you gain more interest in your STEEM POWER in a week than what you will receive back in STEEM tokens in a week based on when you started Power Down. This means that even in Power Down mode you are increasing your STEEM POWER over time and thanks to the portion you get back in the liquid STEEM token form in your wallet, you will be able to make it more and more flexible.</p>\n<p><br></p>\n<p>The conclusion is that you can be in Power Down mode constantly without losing anything and it will simply lower a bit the growth speed of your STEEM POWER, but you will have more flexibility since you will also have some STEEM tokens. Of course, once you get back STEEM tokens you can use them at any time to power up and convert these back to STEEM POWER. Just do not forget to cancel the Power Down after receiving a payment and restart the Power Down right after to take the new Balance from your account and recalculate the new 1/12 installment value</p>","appDepth":2,"appParentPermlink":"p3zxmlrb5","appParentAuthor":"criptoec","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
created | 2018-09-22 16:21:00 |
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<p>Simply paraphrasing/copying answers from other posts isn't the right way to use Musing, you should try to write original content. Where you want to reference somebody else's work you should add a citation. </p><p>https://steemit.com/steemit/@cryptos/how-to-power-down-your-steem-power-the-smart-way</p>
author | tobias-g |
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permlink | fkpgne6b5 |
category | musing-threads |
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<p>The trick to earn more SP, is not to power down, but to continually power up, and manage your Voting Power effectively, with a nice blend of waiting for optimal curation vote window, coupled with a dash of hard work and dedication, and you have a recipe to make more SP. Viola!</p>
author | futuremind |
---|---|
permlink | f3lx5vgb5 |
category | musing-threads |
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<p>Power up is simply to convert your purchased or earned steem to steem power while power down is to convert your steem power back to Steem. But powering down usually takes longer than powering up. To earn more sp, you have to engage more on the platform by commenting reasonably in people's posts, creating quality posts and participate in several contests.</p>
author | resuscitate |
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permlink | fkw2kkgb5 |
category | musing-threads |
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