Damn ! You were faster ! I was just thinking about it, wanted to post and went even deeper in the maths.
And realize it's not worth doing it manually...
You say you will win 120$/h which is not totally correct:
- You can actually really have this estimated value based on Steem Dollars but you will actually have to keep it as STEEM POWER (3 STEEM P, about 10$)
- Its allow to Power Down the STEEM Power to get money every 7 days, but it's very limited. Powering Down converts them back to STEEM in weekly batches, over a period of 2 years.
- But worst than that, even if this small amount that can be way higher with tons of accounts, you will still be limited in Power Down, give it a try:
"Account registed by another account requires 10x account creation fee worth of Steem Power before it can power down"
My conclusion is, it will not work properly and not worth the effort trying for any person/hacker at least manually.
You can still imagine building bots with NodeJs for example,
or buy 1000 Cheap facebook Account to automate this with a bot. (approx. cost 1000$)
You would be able to generate 10000$ or 3000 STEEMPOWER in a day. Which is HUGE !
The problem of how can you PowerDown this SM is still a mistery for me.
You should consider giving more information about how you can really win money out of this plan.
Only thing that would actually works is to use all accounts to Upvote specific contents and expect currating rewards until you're able to Power Down your money or wait at least 1 years to have enough..
By then all the Whales and staff will detect it and close the accounts.
I still hope this will help the team improving Steemit model.
Yep, you can waste lots of Steemit funds but in the end you'll just have a lot of low SP accounts and no way to withdraw from them.