I delegated 10k SP to @minnowbooster a few days ago. I've pretty consistently earned 7 SBD per day. So, let's do some math on that.
[Edit: here's my post from a few days ago: https://steemit.com/steemit/@libertyteeth/delegate-delegate-delegate-delegating-steem-power-to-minnowbooster-my-upvotes-are-diminshing-as-a-result-by-about-a-third ]
Right now, 1 STEEM is worth $1.14 -- so, the 10k SP are worth $11,400. And, that will fluctuate as time goes on as well. But at any rate, it allows us to use common units; 1 SBD will almost always be $1, so that would be 11,400 SBD that was delegated.
7 SBD per day would be 2,555 SBD per year, which is 22% of 11,400; in other words, at the current rate will have earned a 22% return after one year.
That's a great return! Plus, I can add compounding to it -- when I'm paid out, I could purchase more STEEM with it and then power it up, and delegate it out to @minnowbooster.
Some simple math; if I went a year without reinvesting and then reinvested all of it, it'd be up to 11,400 + 2,555 = 13,955 SBD delegated. And the return would similarly increase by 22%, so it'd be around 8.5 SBD per day.
I'll keep an eye on it, and report as it changes. Hope this helps!
(Image from https://www.minnowbooster.net/)
I will have to try again. I tried to delegate 10 to them, but did something wrong and it did not get delegated. I REALLY appreciate what they do.
Yeah the first time I tried it didn't work either, I'm not sure why. Follow the steps from my previous post (which I should have linked above: done), it should work the second time.
https://steemit.com/steemit/@libertyteeth/delegate-delegate-delegate-delegating-steem-power-to-minnowbooster-my-upvotes-are-diminshing-as-a-result-by-about-a-third
I am using you guys a lot thank you so much for this opportunity and for helping our posts!
Sincerely,
@joeparys
this is awesome! I wish i had 10K ...
Well you're almost halfway there! :)
So far I've only tried leasing, but in the future it would be nice to return the favor.
It sounds like a very good investment to me. Where else can you get 24%? :-)
Right? And with only a week to pull your investment out! Poloniex lending has a similar return, and you can set the lending bot to only lend out a week at maximum, so it'd have the same waiting time. BitConnect though has a 120-day minimum wait. Still hoping I can get that back...
Yeah that's a great a point! I've never tried lending on Polo, probably never will either. Same goes for any other bot based trading, I'd rather just use my own software and keep control of my funds. (I haven't tried that yet though).
I'll start from bottom. No 10k for me, hehe.
As a winnow myself, this will be very helpful for us. Thank you.
Minnowbooster is doing really great. It has been helping all the minnows with providing different ways to earn Steem. I had sent some steem power to minnowbooster once and I get 0.001 SBD daily.
If I had some SP then I'd have delegated to them, what they pay is better than what we get even if we upvote our own comments.
That looks great! thanks for the text!
Wow now thats a great ROI!
Thats really cool, that you support the minnows with it!!!
Never knew that there is this such investment option in steemit until I found this post of yours. Thanks, need to explore more about steemit :)
Is there any limit how much you can delegate to them?
I don't know. I didn't see one when reading their docs, though.
Let's check with them only then, thanks :)
Great Post and very useful information ;)
Thank You ;)
Thanks for the advice!.. personally steemit is exetremely complicated for me to understand... ;(
But my SP not enough to delegate, have any solution?
Buy some? That's what I did, I decided the platform looked good and put some crypto into it. I don't know how much you need to have in order to delegate, but yeah you've only got 0.5 STEEM or so.
That's a really cool analysis, thanks so much for that. Will resteem into minnowbooster for you.
Cool stuff, i'm new to steemit so learning a lot from you guys.
I'm interest with your post @libertyteeth
Can I re-post with using my language, Bahasa Indonesia?
Yes, absolutely, feel free! Please post a comment with a link to the translation once it's finished, is all I ask. Thanks!
This is the link that i'm already translated @libertyteeth
https://steemit.com/minnowbooster/@fajrieffendi/menyewakan-pada-minnowbooster-perkembangannya-setelah-empat-hari
Thanks! Gave it a 100% upvote, fortunately I saw it today as tomorrow it'll be 7 days old! :)
I am still a tiny minnow. Reading your article motivates me to get moving to try to accumulate more SP for delegating. Thanks.
ye its great return thats why in minnowbooster site they say from 20 to 24 apr :)
minus they take 10% fee. its better than bank ;)
It's an easy ROI, with a pretty safe bet. But then again, if you were to invest it in a solid crypto token you might make more, it would just take a bigger risk.
I'm really good at losing large percentages through trading. So I like this approach a little better. :)
xD I don't do trading myself either, just HODLing.
hmmm you have a great mind and also doing great math @libertyteeth, i am very weak in math right from the start of my school but i am glad you are getting good returns on your investment, thanks for sharing this knowledge with us.
You're welcome, and thanks for the praise! My mom was a math major, so it seems to have gotten into me, either through genes or talking. :)
https://steemit.com/bitcoin/@rahulgandhi0001/btc-eth-trade-recomendations
Now that is great so that's how to use SP in a more cool and efficient way thank you so much for making this post :)
Your profile picture is gorgeous but is you ?
So it is looking good for you so far?
Yes, so far so good! I really like that I didn't "lock up" my 10k SP -- I can un-delegate at any time I like.
Versus BitConnect, where a similar amount is now locked up for the 120-day period (which I'm now a little over halfway through) -- and, there's nothing I can do to get it back earlier.
Much less risk with @minnowbooster!
Ok
the post is very very great....well done ...
wow that's good news man!!
good newss...thanks for post keep it up
Thanks for the information sir.
WoW i'm Waiting for your next post
Looks like a smart move and minnowbooster is a solid group on Steemit.
its awesome @libertyteeth, mathematically you have analysis and great workout, thanks for sharing.
Yes, makes sense to do it. The return seems to be pretty good.
I have to wait for my first 10k SP. Will take a while, or longer. :-) I will not give up.
You can do it! :)
good newss...thanks for post keep it up,,,,,,,,,,,
@libertyteeth got you a $8.34 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Nice! This only cost me $5 SBD, appreciate it @minnowbooster!
yah it's a great service.. just don't have 10,000 SP lol. Sounds good as I do use minnowbooster for just posts. So far @randowhale seems always as sleep and the returns with minnowbooster much better.
Yikes! I had caught up to being only 8 hours behind in looking at my replies tab -- and then let it go almost a week again. This one is already marked "7 days ago" so I won't upvote it, and apologize for my tardiness.
I agree, in fact I haven't used @minnowbooster in a while, I'll go do so now. :) Take care!
(Often my fingers will type too fast and make a typo; just now it was "Taek" instead of "Take" and it reminded me that I took three years of Tae Kwon Do many years ago. I wrote an accounting package for the dojo, in fact; Grand Master K C Chung owned ten facilities, IIRC. It was in DOS, before Windows! Ah, memories... :) )
very nice thanks @minnowbooster
This is a pretty interesting article, I just delegate to this account and over a period of time I can get returns from it? Is it possible? Haha
Hi sorry for late reply, yes with my 10k SP it started returning about 7 SBD per day, which worked out to around 22% annually. Then it dipped, as they got a large delegation, and was at 1.7, then 2.7 the next day. It's been climbing back up, hovering around 4, and last night's was 6.413, almost back up to where it had been initially.
Very cool, unfortunately I have so little to give...
I wonder if it works?
Can system be improved somehow? Can this system be applied globally?