Community post
What is the Steem to SP conversion rate?
I haven't been able to find a source that explains how much SP I will earn by powering up a certain amount of Steem, does anyone have the numbers?
http://paymentweek.com/wp-content/uploads/2016/07/steemit.jpg
Replies (17)
I believe one should get exactly 1 steem power from 1 steem and vice versa?
Whoops, is it that simple? Thank you!
@tobixen is right
OK so first Welcome to Steemit !
Second @tobixen is right you put 1 steem and you will gain 1 steem power to your account.
Steem and steem dollars can be traded any time while steem power has a specific rule and making it NOT tradeble at any time but when the time is right you can power down and gain some $ in your wallet.
I sugest to hold your Steem Power and not use it because, SP influences your voting power and thus posting power too, that means when you post something it will be more visible to more users here on Steemit, and last but not least steem value is in a constant flux and by holding sp in your wallet you can receive some % of steem...just like that...holding Steem Power.
I hope that my little post helped you in some way , I followed you and I wish you happy posting !
Thank you for elaborating, this really helped
Does powering up takes time? Today i powered up my 0.800 steem to steempower, it immediately showed increment of 0.800 in steem power, when i checked after few hours, it was still old figure which was before powering up. How???
Powering up is immediate, powering down takes time. If you see the old figure, it's probably due to some bug or cache contents. Try to look at your profile at https://steemworld.org/@nkleet for up-to-date statistics.
It is also showing same, that is 15 SP instead of 15.800. i had 0.800 steem which i used to power me up, now steem is 0 and sp is 15.000
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Update: Yesterday night cheetah also uovoted and commented my last post. Can it be the reason?? He upvoted by 0.003 but my lost value is 0.800. still its is not looking understandable
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You have a delegated stake from the account "steem". It seems like the account "steem" reduced the delegation with 0.806 SP right after you increased your own power with 0.806.
Dear, i am unable to understand what do you say. You are referring account " steem". I dont have any account named as steem. I powered up using this account nkleet only. Also, kindly read my comment above which starts from word "Edit". That may help you to reach to conclusion quickly. And thanks for paying attention to my problen
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One more weird thing i saw right now. Few hours before, i received around 200 steem and steem power. So, steem rose from 0 to 200(approx) and sp became 15.200, as it was 15 earlier. But when now i checked, steem is as it was, but sp again showing 15. So again where did it go??? Has my account been freezed at 15????
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There is an account @steem that holds quite much steem power. Perhaps it has a mission to prop up new users with 15 steem power. At least you own less than 4 steem power personally, the rest is delegated from the @steem account - and this account did step down the delegation right after you converted steem to steem power.
Dont know what is going on. Anyways, kindly tell me how can i get my .800+ .236=1 sp back?
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you never had 15 steem power in the first place, you did not buy it and you did not earn it - those 15 steem power was lended to you, without your knowledge - and the lender is gradually taking it back. Once your own Steem Power balance (either bought or earned) exceeds 15, you will start gaining steem power normally.
A new account on Steem can neither post nor vote without having any steem power. My guess is that the @steem account was set up by Steemit Inc and is being used to get new users started. Without this one would have to pay money before being able to post, comment or vote, and that's not desirable.
This may be true. That figure is divided in 11.xxx and 3.xxx. and i am able to power down that 3.xxx. I remember a little but not fully sure that my account had 15 Sp.
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Yes, you are right. I closely analysed some accounts, all have 15 sp. In my account as well, sp's subdivision is showing delegated and earned power. Earned power is gradually increasing while delegated one is decreasing. Thanks for letting me know. I shall remain grateful to you.
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