Anyone that has Steempower can 'delegate' this steempower to another user.
The STEEM is then still yours but the voting power is given to someone else. (you can take it back at any time)
Almost every day I get contacted if I'm interested in delegating my Steempower for a fee.
Personally, I don't do this at the moment but it could sure be interesting for investors. (people that believe in the growth of the platform but have no interest/time for blogging).
My brother recently invested in the Blockchain and has delegated his 600 STEEM to Minnowbooster. His return on investment is 0.45 SBD per day at the moment.
This renting or delegating of Steempower is something I can only see growing when the price of STEEM increases because it will simply be more and more expensive to buy a stake. Also in the future when SMT's come out Steempower will be needed to use bandwidth on the network increasing demand.
I do think the current demand for Steempower is driven by the high SBD price. But recently I learned that SBD does not have an upper limit so who knows where that will go. (I don't have a crystal ball, I can't answer it).
At the moment I am selling my SBD for Euro. I'm building a small buffer outside of crypto to mitigate risk.
Witness votes
In my vlog, I also talk about witnesses and why it's important to vote for them. (starts @4:17)
Do you know you have 30 votes! Use them!
We have written a blog post in the past about the role of a witness here if you rather read than watch a video.
If you want to vote for a witness outside the top 50 watch this video by fellow blockbrother @eqko on how to do that.
If you want to support my witness. Please vote for @blockbrothers and not @exyle. Only @blockbrothers is registered as a witness on the blockchain. If you type in @exyle it does not register.
A list of all the witnesses you can find here. We are currently in spot #66.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
I have already given my votes to you yesterday. Now we just hope the platform to explode like a bomb and steem going to the moon.
Thank you for the vote and I'm pretty confident this platform will :). (Just to double check. Have you voted for @exyle by any chance as a witness? our witness is called @blockbrothers. We have not seen your vote come in. Could you please double check for us? Thank you. )
I have voted for both the users. I want to talk to you on steem chat, can you please give me a reply there?
0.45 SBD per day from 600 STEEM without doing anything is not a bad return!
@exyle,
I think I already voted for blockbrothers as a witness! But i will double check again! SP, yeah it's precious! But if price of SBD loss again, demand on SP delegation will deduct as well!
Cheers~
i wish to see sbd more more powerful i really enjoyed the rate 😍 when it was 14$
SBD can be pumped very easily to the moon on outside exchanges, but that could lead to us all being rewarded all in SBD. Currently the reward ratio is 75/25 - SBD/steem
@exyle If I rent out my steempower through minnowbooster will it affect my earnings as, like you, I post videos everyday on steemit.
You will lose your voting power. You can still vote but you can't upvote your own post with much or the posts of others. As an active Steemian as you are, I would recommend to keep it yourself.
Thanks so much for the valuable information, I didn't realize that we would lose out from supporting minnowbooster.
I am glad that you have 6000 followers now. Steemit is growing and many people are joining everyday. You will have more followers in a very short time. I love your blogs, because you are a very spontaneous person :)
I bought Steem delegation from Blocktrades some days ago. It is really helping me out for some days. In the meantime I am powering up so that I can balance it. So I dont end up with nothing later.
And yes I voted for you as a witness!
Thank you for your nice words! I'm glad delegation is helping you out! (Just to double check. Have you voted for @exyle by any chance as a witness? our witness is called @blockbrothers. We have not seen your vote come in. Could you please double check for us? Thank you. )
I voted for @blockbrothers . Now I removed the "@" and voted again. Please check and let me know if you got it now !
It's perfect now! thank you!
I completely agree with you, my friend, that the possession of the Steempower is of great importance in our ecosystem and it can be leased. You are right that when the SMT is released, the influence of the Steempower will increase and if there is an opportunity, it is necessary to take measures to acquire the Steempower now. Thank you Mark and keep us informed of what's happening!
I've been thinking about this. But how can I vote for a witness when they all are just names to me? I know nothing about them.
I have the same question/problem
Good question. I have been here since July 2016 so I know most names and what they do but for newcomers, I can imagine it's overwhelming. What you could do is set a proxy (a user that votes for witnesses in your name) or postpone voting until you are more familiar with the names. As part of Blockbrothers, I try to be active on the blockchain so you at least read and see what we do.
I'm open to suggestions ;)
If you are unsure who to vote for you could set any user as a proxy until you are more familiar with the names.
If you go here: https://steemd.com/@blockbrothers you can see who we currently vote for. (bottom left)
Ah yes ! I knew about the proxy thingy, but will look into the 2nd option you gave me there, super thanks
yes i also watch ur last vlog on witness today and now this steem power i think this is best idea to delegate steem power others even with a rent or a deal which make to others some best earning and value @exyle ...and also i m amaized to hear that ur brother invest in blockchain bcz i read i ur some days old post ur brother and father dont believe it
@exyle has the ability to convince people, and he has convinced his brother. It took some time, but finally, he succeeded. The reason is that he knows so much about crypto and Steemit, he talks with knowledge!
His father, that's something else. But maybe in the future!!!
True, @exyle is crypto genius and an expert adviser, who knows when to enter the market. He has taken bold decision to invest in Steem, when the Steem price was at its lowest.
Yes, @exyle is a crypto genius. I think there will be a lot of people in his surrounding who will pull their hairs from their skulls because they didn't listen to him earlier.
HI Clio.
He is the reason for me to stick around and keep on steemit.
His way of explaining how steemit works is everybody jargon.
His dedication and his progress is a true testament of a true steemian.
yes respected @clio u are right ur son is really so genius and smart and really he have ability to convince people and also this is the big example and @exyle is also a good and happiest person in steemit
I was also surprised!
Naturally, I voted for you as a witness a few weeks ago. Your posts always catch my eye when I'm scrolling through my feed and you're well known for being knowledgeable, providing excellent content and help to new comers. Glad I followed you!
Thanks for your kind words!
You're welcome, thanks for helping me grow more financially free by upvoting my comment!
Thanks for your regular update and since you are part of @blockbrothers, more as usual update will come about steem.
This is tremendous your effort and it is payinf off big time with sbd dividends.
Keep on steemit.
Thanks, man!
Thx for the update again.. Inded important to let people know they can vote... However steemit page is not fair. If you are outside the top 50 it is hard to get spontaneous votes. Even witnesses who are disabled a long time ago but still in tanking in top 50 are not filtered out.. In my opinion a small change to adjust.. I have been in top 50 and now I am out again.. It's a big difference for the votes you get.. I've seen it myself
I tend to agree with you. But I have to roll with the system as it is presented to me at this time. It takes a lot of work. It's all a bit unclear how to vote for a witness outside the top 50.
Hello @exyle, just wanted to know what does this Red-strikethrough on witness names means?Does this mean they are not running witness server anymore?
When the names are red it means the witness server is turned off indeed.
Vote done for @blockbrothers ;) thanks for Steemify by the way @exyle
Thanks for the vote! And enjoy Steemify!
thanks #exyle for the great info. As i am a newbie so i didn't know much about it i.e steem power and steem dollars etc and today i learnt from you.
In the end, wishing you and your family a very Happy New Year 2018
Happy new year to you too!
Actually , many of people don’t vote about people because they don’t know anything about them. For instance, I vote for 2 witnesses because they created 2 beautiful platform and upvoting people sometimes. But most of witnesses don’t want to interact anybody .
Thank you for all the great education. I have also voted for you as a witness, and have set a task for myself to better understand the role of witnesses. I will also learn about other witnesses and their contributions, and carefully choose which ones to vote on.
Thank you! And thank you for the vote (Just to double check. Have you voted for @exyle by any chance as a witness? our witness is called @blockbrothers. We have not seen your vote come in. Could you please double check for us? Thank you. )
No, I voted for @blockbrothers. And I saw the vote confirmed. Maybe it’s a glitch?
There is definitely a glitch. I just voted again, and have a picture of the confirmation. But I also voted for two other witnesses as well, which means I should be down by three, but I’m only down by two.
What happens if you just type blockbrothers (without the @)?
That’s it! It was a user error. I think most people won’t make that mistake, but it is probably a good idea to tell your followers they must enter blockbrothers into the text field with no @ symbol.
Wow, surprised how high the ROI on the delegation to Minnowbooster is.
Even if the SBD value drops by half it is still a very good ROI.
I guess some element of risk and volatility but still a way better return than any conventional investment, certainly here in the UK.
It is quite tempting to bring some savings I have in other places over to steem. Most are only earning less than 5% per year at present.
Crypto is highly volatile. Don't play with money you can't afford to lose is what I would recommend.
Good advice most definitely. I got a bit lucky with crypto's this year so that I managed to increase my savings significantly.
I leave the original capital in a non-crypto place, and just 'experiment' with what I have gained in the past 8 months. That way if all the cryptos went to zero I would still have what I started with in April.
But if the crypto-winds blow in the right direction hopefully I will gain some more next year.
It's amazing how many people haven't filled their 30 slots, it was one of the first things I did after finding my way about
It can be pretty confusing at the start!
So true, I kept thinking I would make some terrible mistake lol
Thank you for another good post, @exyle. Upvoted @ 100% Hope you, your mother, and Bianca have a very Happy New Year!
Thank you, Terry! I wish the same for you and your family! Happy New Year!
@exyle Yes, STEEM Power will be in high demand with SMT's coming. It is important for STEEMIANS to vote for witnesses and it is good that you did this posting to make more people aware of this. I actually have a PROXY with @jerrybanfield to Vote on my witnesses.....
I've been liking your content for a while, and you seem trustworthy, I think I'll vote for you :)
Thank you! and also thank you for considering @blockbrothers for your vote.
Hi @exyle,
informative article and updates shared about the demanding of "SteemPower". wellsaid about the usage of :Witness Votes".
I have no such experience and much idea about steem power delegation because i have a very little vote power, because i am a new user.
Sir i regular read you articles to take guideline and information. thanks.
Thank you!
Blocktrades sold out their Steem Power delegation quota in like an hour after they posted it. The demand is insane at the moment.
That fast! I did not know.
well ok my vote will for blocktrades for witness also its exellent option in steemit bcz its sharing which give more good profit all of us but i apply in blocktrades for delegation me some power but they say the all power is finish so i will try next to find someone other.
Blocktrades exchange service is extremely handy. I use it almost every day. I think atm they ran out of delegated SP.
Thank sir @exyle, I never knew I had 30 votes. I voted @blockbrothers and that's it. I'll explore the world of voting witnesses and then vote accordingly. And sir, is there any plans to develop steemify for Android os? If there is, when should we be looking at? And about the demand for steem, it births a sense of security for earlier investors. It's nice bringing your brother to the blockchain
With the current price of sbd, he is probably going to get half is investment back before he knows it
I calculated it's about 75% in a year. Under current circumstances.
and he don't have to do anything, with time he just have to convert the paid sbd to steem and power up adding more power to his profile.
Money spent well
He will compound it indeed. It will all stay in the system.
Seems to be happening to many whales and dolphins. People are requesting delegations of 100k SP for about 50 SBD daily. I personally wouldn't trust such people, these guys should be redirected to minnowbooster's or blocktrades' rental service but I think blocktrades delegations have dried up.
I have another 10 witness votes left, I may vote for @blockbrothers when at least an alpha or beta for the Android version of Steemify is announced :) I really want to use Steemify but I have an Android phone.
Thank you for considering us.
Thanks for the great share about deleting steem power, yes it creates great voting power to the users. So greater the steem power greater will be the return in future. Thanks, wish you and your great family a very happy and prosperous New Year.
I wish you a happy new year too Maya!
I have most of my witness votes left unused still, how to know who to vote for ? Tips are more then welcome ;)
If you are unsure who to vote for you could set any user as a proxy until you are more familiar with the names.
If you go here: https://steemd.com/@blockbrothers you can see who we currently vote for. (bottom left)
voted for @blockbrothers
Thank you for your support! I saw that you voted for us and then unvoted us straight after. This happens a lot. After you type in our name (blockbrothers) and press vote it's done. (no need to click the green upvote button).
oh my bad.thanks for your reply and clearifation,i will check it right now
I can see the button is green.
The vote is not in yet. When you type in blockbrothers and press Vote it's done. No need to click anywhere else.
Is it done now?
Hey ! I am here for a week now and have some questions wich you maybe can answer :) How can you see who gave you delegation power? Because I have some and dont know who gave it to me.. And then what is a witness?
You were "given" delegated STEEM when you created your account by Steem inc. To read more about the role of a witness please read this post by us here.
Any idea for how long this delegated STEEM will stay? I will read the article, thanks for your answers :D
Your delegated STEEM will stay and will not disappear.
But it became half after the first week? will it degrease over time?
I'm sorry, I don't know the answer. I will ask @exyle.
Maybe it has to do with the price of Steem.
What's the most important currency on steemit at the moment. Steem, steempower or steem dollar sin your opinion?
I consider my Steempower the most valuable asset I have on here. But it basically depends on what you are here for.
Been trying to tell people that as well. Realistically the only way to look at Steemit if you're not an investor is a long term investment for steempower.
Thanks for replying. It's good to get the opinion of someone who's been on Steemit for a very long time.
No problem!. My investment into steem is very long term too.
You'll be rolling in the money in a few years time. Keep up the informative videos.
i really liked your last 2 blogs <3 keep up the great content :D
thank you!
Investors can partner with some creative minnows and start some projects to make this platform a heaven. Though there are no short-term benefits but in the longer run, investors can still earn infact more than delegating to bots.
Everything is possible on the Blockchain!
That's nice to know, renting steempower. :) For little minnow like me, I need to work hard to increase my steempower. :)
You can check my vote for @blockbrothers , i made sure I have the correct spelling this time. :)
Perfect! Thank you so much.
steem power now its potential is being increased as people now understanding its value when it reached its all time high great for the long term
I think that delegating Steem power will just grow a lot more in the future as the price of Steem/SBDs go up. If you calculate the current return of your brother's investment, it's around 5.9% per month which is a very nice return.
Yeah. I've already voted for blockbrothers.
Do you have any other good witnesses on your mind?
Hmmm, I wonder how to delegate steem power to another user.
Thank you for your vote. If you go here: https://steemd.com/@blockbrothers you can see who we currently vote for. (bottom left). You can also set any user as proxy to vote for you.
Lol It's just natural to vote for you. I love your blog, so don't thank me.
Happy New year and stuff...
Steemit is gaining popularity especially in Nigeria at the moment and the value I believe will grow as more people sign up then delegating Will be easy.
Another vlog good awesom i love blog because they are awesome and you are awesome to because you express your feelings in sucg a way which are understandable, keep it up and keep posting vlog like this i love your vlogs
Is investing in Minnowbooster is always profitable or risky, expect anything? Anyway nice blog about Steempower.
I can give you a better answer in a couple of weeks about the ROI. at the moment it's only been 2 days.
Thank you. I would be waiting..
What’s the significance of voting blockbrothers as witness
I’m a little confused ?
I understand! It can be confusing at times. We wrote a post not long ago about the role of a witness. I hope it will give you a better understanding. You can find it here.
I understand now
Thank you
I’ll vote
i didn't have an idea about the witness votes..but now only i understand the concept..thanks for helping us to update ourselves sir :)
Thank you!
I am going to vote for you guys
Humm..delegating...didn't knew about it, maybe I can do the same thing you brother is doing,...thanks! I'll vote for you xD @blockbrothers
Good info. How do i rent mine. Whom to contact. Your help will be appreciated.
Delegation of steempower is very helpful my brother also delegated his steempower to minnow booster and its earning great for his