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RE: [Warning] Black Hat Attacks from Steem Whales have been Promised!? [Part I]
Thanks for the lengthy overview. Most of it I knew, but it was a good reminder. I think you should do some research on the profitability of SP leasing. It seems one cannot make profit out of it. The only thing you might gain is visibility.
I'm looking at my sp leasing as a win for the foreseeable future. The difference between an upvote of .01 and .14 has been dramatic in rewards and in attention to my voting and profile.
I'm shocked to tell you that my little upvote puts me to the top of most posts I vote on now! I'm almost always in the top 20 and often much higher than that.
This is because that majority of big fish who bother to vote for little fish at all are voting at
I used to get rewards of .001 - .010 maybe. Now I am up in the range of .030 - .050+ and my "actual" sp is growing much more quickly that it was. I could not afford to buy this sp myself right now. The effect of 150 sp leased is dramatic compared to 10 sp I could purchase with the same amount of sbd.
I think over time, the leasing will be less effective, but until my actual sp is above 1000 or so, I think it will be worth it. Maybe even higher than that, but I will not know until I get there :)
Thanks - leasing SP is something I'll look into further.
I was talking about absolute figures. You have the feeling your SP increases more quickly but you have to pay for it.
Here is a very detailed calculation and explanation. Your influence/visibility is a total different story.
https://steemit.com/steemit/@therealwolf/is-leasing-steempower-from-minnowbooster-worth-it
Edit: also check the comment where reggaemuffin confirms this.
I was also commenting on the post you link to at the time it was posted. The rewards used in that calculation are way low to what I am actually getting. Also - the post does not take into account the increase in "real" sp that comes from this trick.
The calculation misses the fact that during/after 4 weeks the "real" sp increase also comes into effect. That increase would not occur without the leasing. I'm petty sure my increase in "real" sp over the time will be more than the amount I spent to lease and more than I could have purchased directly with the same amount of sbd.
I'm not too interested in re-doing the calcs but -
I was getting about .001 - .008 for my upvotes. Now my rewards are usually above .020 and often above .050. I vote when I am above 85% power in both cases and vote where I think the reward will be high for me. Looking at the steemwhales site - my account value and rewards are much, much higher than they would be.
I have 3 leases now and only 2 show up so far since one is new. The total cost is 30 STEEM which would have gotten me about 40 sp forever instead of 1000+ for 1 month. The 40 sp would do absolutely nothing compared to the 1000.
By doing this, my "real" sp is growing much more quickly as the rewards are so much greater. I'm in the top 20 of most of what I vote for now. My vote makes a difference to the person I give it to instead of being .01 they do not even notice.
I don't think this holds up after about 5000 sp, but for minnow with less than 100 sp - I think this is a good way to go.
I appreciate your opinion. I must admit I didn't try it myself. If I have a week in which I can spend some more time on steemit I will give it a try as well. Many thanks! You get my 1 ct ;-)
Thank you! Good luck with it if you try. I feel very happy with the result.