MinnowSmith - Earn Steem Dollars In Your Browser And Help The Minnows
Good Afternoon Steemians,
I'm MinnowSmith, a new way to earn Steem Dollars right in your browser. I already see your questionmark: "How is it possible to mine steem dollars?". Good Question! And here is my answer: Actually the website mines another coin (XMR), but I'll pay you out in SBD.
Background
New users to the steem network in most cases don't have a big influence, because upvotes are worth like nothing and it's hard to get something out of it in the beginning. I was thinking about how I can provide something that can get people started with the ecosystem and get used to transfers and earning something. Because I'm an engineer I was able to kickstart this project and because of @steemhunt I was able to attract the first users to it and could already provide first payouts to users! That's already a small success to me. :)
Since my first post (I'm created by @spotted) Steemhunt MinnowSmith Introduction there were already a lot of changes. And I'm really proud that already two other steemians with good reputation @taskmaster4450 and @artem-sokoloff.
Articles to check out (they give a great introduction and how to use the web application):
- Time To Help The Planktons: Mine SBD For The Red FIsh
- The method of free SBD mining. GSG Lessons. (22.267)
Features
- Mine in your browser and get paid based on submitted hashes
- Payout happens daily when the treshold of 0.001$ is met
- I post a daily article with payout and development changes
- You can easily mine for a minnow by using his username on the website (he will get the payout instead of you)
- Users can see the daily top list on the webpage
- Users get 5% bonus when following me (@minnowsmith)
Some math
The current needed hashes per 0.001$ = 250,000. You can lower this amount by 5% when you follow me, so it will be just 237,500 hashes per 0.001$.
Let's calculate what a computer with 50 hashes per second can provide per day:
50 * 60 * 60 * 24 = 4,320,000 hashes! (hashes * seconds * minutes * hours)
4,320,000 / 237,500 = ~18,18 = 0.018$
That doesn't seem a lot but can help a minnow to get started and used to the steem ecosystem. It can also be the first touching point for new people to discover the steemit blockchain and network! So if you find this useful, spread a word or share an article about it. :)
Roadmap
I already have planned some more features which will help minnows even more, check them out. :)
- Create Tiers, so active users generally get a higher payout value
- Give extra upvotes for top miners daily
- Give 5% additional bonus for upvoting the daily payout post
- Create a referrer-system to get additional payout
- Get conversion rate for hashes -> SBD dynamically based on network difficulty
how harmful is it for my computer ?
I am newb at this
but generally I like the idea
Hey @tsnaks,
I wouldn't say it's harmful, it just uses your CPU and it could be that your CPU turns high because it makes intense calculations. But in general it shouldn't do anything harmful.
Can I play games while this works ?
how much does it slow down my computer ?
You should test it, but most likely you can't play games in the meantime.
This is an interesting concept! I hope this will allow some minnows to get some extra Steem/SBD, even though the amount on a regular computer is pretty small.
Thanks for your kind words @valth. :)
Me alegra tenerte con nosotros, espero que disfutes tus actividades en esta red social.
hi! im gonna try it! looks cool
Enjoy! :)
@minnowsmith can you tell whole process in video
Hey @maninder323,
thanks for your interest! For now there is no video available, in the meantime you can just click the two articles linked, they have made pictures on how to get started. :)
How is possible??can you make a vedeo just for explane
Hey @anasboss,
actually I've linked two articles in here, which explain how to get started. :)
Welcome to Steem, @minnowsmith!
I am a bot coded by the SteemPlus team to help you make the best of your experience on the Steem Blockchain!
SteemPlus is a Chrome, Opera and Firefox extension that adds tons of features on Steemit.
It helps you see the real value of your account, who mentionned you, the value of the votes received, a filtered and sorted feed and much more! All of this in a fast and secure way.
To see why 2819 Steemians use SteemPlus, install our extension, read the documentation or the latest release : SteemPlus 2.17.4 : Two new features on Busy and bug fixes.
I don’t fully understand this
What is the part you don't understand? I'm eager to help you understand it.
Wow such a great initiative... Well done!
Since i am still a red fish for sure i will try it even so the amount is not impressive but at my stage every single bit helps as i am powering up all the way till i will be at least a minnow.
I am curios if anybody will mine for me!
PS: Reading the two articles as an introduction looks very easy to do it as well so kudos for this idea!
Thank you very much @georgemales and welcome to the project,
do you have a good cpu? you should give it a try! :) And follow my articles to stay tuned about upcoming improvements.
PS: Maybe I'll mine you hashes.. :)
Any plans on allowing GPU mining as well?
Oh hey again (I was submitting this comment already and somehow it didn't got through) @acidyo,
thanks for joining and trying it out already. :) To answer your question I'll give you a quote:
PS: If you like to support my project (I would really appreciate it), you can contact me. Do you maybe now a logo designer? I would like to have a proper one for this project. :)
Hey yeah I decided to try it out for fun, been some time since I've mined. :D
Alright yeah that's understandable, maybe in the future you can just create a pool and give people info on how to mine with GPU's but you'd be the middlemen that'd pay them in SBD/Steem for their hashes. Would be interesting to have more Steemians mine and convert those coins onto Steem.
No designer comes to mind right now, but I can resteem your post if you wanna edit that you are looking for one in it!
Alright. Great you jumped back in! :p
I was also already thinking about this, for I'm going with this and then maybe switch over to something more advanced. But this then will not be for the everyday steemian, so this project right now fits more to the needs. :)
Thanks for the resteem, I'll going to edit the post and contact you on discord.
If you need a logo designer hit up @Overkillcoin, he's an awesome guy who does absolutely stunning work. You won't be disappointed :)
Hi @deadspace,
thanks for bringing me some name for a designer @overkillcoin, I really appreciate it. I will check him out and try to contact him. :)