I do not have one large delegation, @llfarms. I have many small delegations on three blogs, and I pay for them all through minnowbooster. Only one of them is free and I won that for 90 days. The rest are 24 weeks and I renew then constantly.
Powering down = pay the rent
Op, apologies, it looks like the delegation I was thinking of is no longer there.
Yes you lease SP, which gives you a return based on the SP... because the more SP you have, the more you earn.
Leasing is of course an option. It requires money out of pocket.
The idea here is to power up, to increase earning (just like you do by leasing).
Both options require an investment: either paying to lease or investing in yourself. Both options can result in higher returns.
Just was trying to point out the whole goal here is not to bash anyone for powering down, but to show them the additional earning potential of powering up. Which you clearly know, and it’s why you lease SP.. because the more SP you have, the higher your return.
It's not money out of pocket. It is money earned by blogging here.
And the point I make to little guys, is that they can grow much more quickly by leasing than they can by directly powering up. For less than 4 steem you can get 50 sp for 24 weeks. 4 steem added to 50 steem is depressing and a slow path to nowhere.
After you lease with all the steem you get for a few months, then you can stop at some point if you are not powering down, or keep leasing and grow faster still. If you spend 50-100 sp on leasing, then you will have your own 500. If you spend it to directly power up, you will still be under 200.
Little guys who have taken my advice are now big guys. On the other hand, many blog for a year or more without leasing or attaining 500 sp.
This is something I've wondered about since I joined Steemit. Outside of RC and preferring to be able to vote for those who support you, why do you choose to still rent SP at your size?
In my own case, currently at 500 SP, I usually choose to just use my liquid for things like minnow booster and delegate my SP to smartsteem for the daily payment (rather than having to manually keep track of various delegations on the minnow booster market). Is delegating SP less profitable than vote selling? Is following a curation trail more profitable than vote selling/SP delegation?
I haven't seen someone whose run the numbers on all of this, so I'm still a bit in the dark as to how they stack up to one another despite being here for a while and would be interested in your thoughts, thanks!
It's partially because I have 3 blogs, soon to be 4, and we all vote each other, so this is part of the reason it works for me financially over 500. But it is also to have a higher vote on all my blogs so I can vote the people who interact with me for a decent vote. Most people I deal with and vote for are tiny fish and if I don't do it, no one will.
I choose not to go the delegation route of letting others do my voting for the most part - maybe later. I have not run numbers, but I am associated with people far larger than me who still lease.
I plan to do it until I am at 5000 sp in case I ever get that far. I was buying votes as you mention but stopped that as not being profitable at all.
I do not find keeping track of delegations to be hard at all. I am only sad when people pull them unexpectedly and this is why I am moving to 50 sp leases instead of 100, so that a loss does not hurt as bad.
I think it is an individual choice, @ribbitingscience. i want the biggest vote and biggest sp I can get while powering down. I find this works the best. If you have only one blog and do not power down your choices will be different. I still recommend it for all under 500 sp.