I've made a new chart for my Daily Steem Stats Report.
This new chart shows the amount of Steem that is being powered UP and DOWN on a daily basis.
Since the beginning of this month:
- Powered UP: 4,570,724 STEEM
- Powered DOWN: 4,860,903 STEEM
- Difference: -290,179 STEEM
- Average per day: -16,121 STEEM
| Date | Powered UP | Powered DOWN | Difference |
|---|---|---|---|
| 2017-07-18 | 294,959 STEEM | 205,479 STEEM | 89,480 STEEM |
| 2017-07-17 | 367,028 STEEM | 358,858 STEEM | 8,170 STEEM |
| 2017-07-16 | 177,186 STEEM | 234,691 STEEM | -57,505 STEEM |
| 2017-07-15 | 170,335 STEEM | 206,606 STEEM | -36,271 STEEM |
| 2017-07-14 | 115,520 STEEM | 276,722 STEEM | -161,202 STEEM |
| 2017-07-13 | 270,898 STEEM | 172,011 STEEM | 98,887 STEEM |
| 2017-07-12 | 240,715 STEEM | 289,132 STEEM | -48,417 STEEM |
| 2017-07-11 | 474,005 STEEM | 192,307 STEEM | 281,698 STEEM |
| 2017-07-10 | 371,192 STEEM | 373,312 STEEM | -2,120 STEEM |
| 2017-07-09 | 164,326 STEEM | 216,587 STEEM | -52,261 STEEM |
| 2017-07-08 | 246,080 STEEM | 197,012 STEEM | 49,068 STEEM |
| 2017-07-07 | 202,931 STEEM | 104,631 STEEM | 98,300 STEEM |
| 2017-07-06 | 471,046 STEEM | 635,587 STEEM | -164,541 STEEM |
| 2017-07-05 | 310,811 STEEM | 174,472 STEEM | 136,339 STEEM |
| 2017-07-04 | 241,093 STEEM | 199,278 STEEM | 41,815 STEEM |
| 2017-07-03 | 202,945 STEEM | 481,321 STEEM | -278,376 STEEM |
| 2017-07-02 | 109,792 STEEM | 174,720 STEEM | -64,928 STEEM |
| 2017-07-01 | 139,861 STEEM | 368,177 STEEM | -228,316 STEEM |
| Average p/d | 253,929 STEEM | 270,050 STEEM | -16,121 STEEM |
Interesting. However, it might look that money are leaving steemit platform, which is not the entire case. As I know 90% of the funds are distributed among the SP owners, but the fact than only 290000 is leaving per month is quite good.
The process is somewhat normal. The whales are cashing out some of their investments and minnows and dolphins like me are powering up. On average this process makes the Steem Power to be more equally distributed, which is good for the platform.
Wow didn't know that the SP owners held 90% of the funds. How can that be a good thing?
As I know inflation is 100%. 10% is distributed to content creators and 90% is distributed among steem power owners(is like an investment in the platform, but once you power up, you can power down in equally amounts split over 24 months ).
You have probably read the outdated whitepaper?
The inflation rate was changed to 9.5% 8 months ago: https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes
75% of inflation goes to authors and curators
15% of inflation is allocated to Steem Power holders
10% goes to the witnesses.
Powering Down takes 13 weeks now.
I didn't know powering down takes that long! I should have read more carefully before powering up everything I have... but I plan to hold it longer than 13 weeks so that is fine with me
I just checked and it seems to be done in 7 days according to the info in the wallet?
Yes, that's right. It takes 13 periods of 1 week. After 1 week 1/13th of your SP is powered down.
Thanks for clarifying this. I appreciate the work you do in presenting this kind of data.
Is that really the case ? I never saw that SP was distributed to me
This is what I know. I'm only 90% sure. :D
In around 1-2 hours I think I could see I gained 0.1 steem power. But I have almost 8500SP.
https://steemit.com/steemit/@marsresident/ann-steem-power-lasts-forever-90-interest-rate-104-week-power-down-guaranteed-growth
That post is from last year , a lot of things have changed since that , I ll note the amount of SP I have before I go sleeping today and check it again the next day ... but maybe my 32SP are to less to see any changes.
I took a look at Power Ups vs Steemit price change and it gives a pretty clear picture. When Steemit price goes up, people Power Up more. When it goes down, people Power Down more. Like markets in general, pure human Pavlovian psychology on a mass scale.
Don't forget that many may also just be selling Steem to speculate on buying it cheaper later. If its leaving the platform some of that might return as well.
Maybe, but not are the times to buy it cheaper. If you sell it now for 1 usd and buy it back in 1 month for 2 usd, you're making a really bad deal...
Interesting. This means that powering down refers to the amount of Steem leaving and vice versa for powering up.
Not a big surprise to me, the next weeks should be interesting to observe.
Hi @penguinpablo thanks for this help
My dream is to get delegated authority and work has been written about it here
https://steemit.com/steemit/@mars9/assistance-delegated-stemm-power
I can meet with you and hope to achieve this dream and help
https://steemit.com/steemit/@mars9/assistance-delegated-stemm-power
Wow I wish I could have joined long ago, my account needs to go long way before I can see those type of numbers. : )
Thanks for suppling this info... its good to know how many people are powering up or down on a daily bases :)
Wow!
I hope that the price will go up in the future coz steem is the next generation of social network @penguinpablo
अपकी वोट हमारे लिए महत्यपूर्ण है। जिसके लिए हम आपको धन्यवाद करते है। और वोट करते रहे।
Your vote is important to us. For which we thank you. And keep voting.
@ahlawat
nice
I like this post about steemit. Very good help.
Wow Nice post 👍
This post received a 2.0% upvote from @randowhale thanks to @penguinpablo! For more information, click here!
Great content @penguinpablo, which scenario could happen for eth after segwit2X is implemented for bitcoin? thanks for the answer and i am following you now and upvoting you
Relevant info. Thanks
The amount of Steem being Powered Down is surprising particularly with the price low currently. Are successful writers consistently powering down to make a living?
what a nice information, i am following you for more great info's, looking forward to gain from your knowledge
That is actually not that bad really.
With the amount of money created , and new account created, it is unavoidable that more and more people powering down. People needs to pay bills too ^_^
boom! Solid info... keep them coming! Great to know about power ups and downs!
Means still much powered down master @penguinpablo
Thanks for sharing mate!
Crazy how it can differ from day to day...still not very surprising though seeing as this is the way it works in every part of the cryptoworld as a whole.
Loyal and strong, his dinosaur spirit is the Steemasaurus
Thank you for this important information.
I never powered down. But I was told that you need a number of months to totally power down. In your chart, the number of power down is the posted power down or the actual power down?
So what impact does this have on us minnows? Do I care about whales powering down or powering up? Not trying to be a smarta$$ just not sure what this means for the platform as a whole.
It'd be fascinating to see if this has any correlation to the prices of Steem or SBD.
Thanks for sharing the data.
.
It's obviously cool and useful
so many.... numbers... make me sleepy..
Inciting statistics! Just finished reading and glaring through your report. I'm a newbie here and it has actually gingered and motivated my spirit about steemit and has enlightened me more. Kudos @penguinpablo, Yours Health/Anatomy blogger @khris
More are cashing out since they are powering down.