Viewing a response to: @thecryptofiend/re-mctiller-re-thecryptofiend-the-missing-faq-a-beginners-guide-to-using-steemit-20160928t231017349z
I'm thinking about this because I've been powering down for a couple weeks. I noticed I could pretty easily get the amount of SP I powered down from posting and the high interest rate on SP. So for example last week I was given 62 or Steem, I easily got that back from interest on SP alone. But if I didn't post or upvote anything my Vests DON'T go up, BUT MY STEEM POWER still does. I notice during one week of Powering Down I did not earn back the same amount of Vests I had given away. But I had earned it in Steem Power. This happens because Vests cost more and more everyday. Ultimately my dilimma is this, if it really comes from SP, then Powering Down isn't a problem, because I make more in a week than I Power Down. So every week I have more SP. But if it is from Vest, then I will probably stop for a while, because earning the same amount in Vests after a power down is getting more difficult with the decline in the cost of Steem. A longer comment then I planned, I hope my question or thought is clear.
| author | mctiller |
|---|---|
| permlink | re-thecryptofiend-re-mctiller-re-thecryptofiend-the-missing-faq-a-beginners-guide-to-using-steemit-20160929t010640331z |
| category | steemit |
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>Ultimately my dilimma is this, if it really comes from SP, then Powering Down isn't a problem, because I make more in a week than I Power Down. In theory if you can make enough from posting then you would be able to make up for the lost vests from powering down. >But if it is from Vest, then I will probably stop for a while, because earning the same amount in Vests after a power down is getting more difficult with the decline in the cost of Steem. I think you've hit on the issue in your post and have reminded me of something. The amount of VESTS that are equivalent to 1 Steem and hence 1SP vary and so whilst SP power is expressed as VESTs on the blockchain it is not a direct fixed or 1:1 ratio. There is a way to check it but I can't remember right now. Perhaps someone who is more of an expert on the inner workings of Steem may be able to help and confirm this.
| author | thecryptofiend |
|---|---|
| permlink | re-mctiller-re-thecryptofiend-re-mctiller-re-thecryptofiend-the-missing-faq-a-beginners-guide-to-using-steemit-20160929t012603812z |
| category | steemit |
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