Steemit.com: Blogging is the new Mining

[reb0rn21]

I presume the mining is almost dead?

is there any POW block left atm, I am testing mining with new account and one i5 CPU

There is one POW block every 63 seconds on average for the life of the coin.

So is the miner right when it say 500-900min estimated to produce one block with 18 Khs?, mining for 2-3 days still none

[progmax]

This pamp?

[m4nki]

What is meant by "Blogging is the new mining"?

So new coins are being issued on the blockchain when a new blog post is being created? This is what it sounds like..

[Geenstijl]

WOW. Thanks STEEM. Bought at 38 cents, just sold at 2.70. INSANE. Good luck to all the other people.

I'm off to Synereo. Not too long untill people actually realize.

[Alao]

I am kicking myself for not buying more @ .75 off a whim a couple of days ago!!!

[thewall]

I am kicking myself for not buying more @ .75 off a whim a couple of days ago!!!

Me too, but been collecting some on the dips and it's working out so far.

[statdude]

Wtf just happened!

[dan_and_shan]

I was using steemit yesterday no worries but today every time i try to comment or submit a story this comes up?  Transaction failed: itr != by_permlink_idx.end():

anyone got any ideas?

[smooth]

What is meant by "Blogging is the new mining"?

So new coins are being issued on the blockchain when a new blog post is being created? This is what it sounds like..

Created and gets upvotes. Spamming blog posts that no one votes for is not effective.

[ApexEvo]

after ths rise steem looks just scary

[frenulum]

When is the collapse? 10 dollars? 100 dollars?

[MR_UNIVERSE_66]

I like this concept, but I have a question. If you are getting paid in STEEM to post or getting paid as people upvote your posts...
What happens when the supply of Steem to pay people runs out?? Where do the funds come from and will they ever dry up?

Just a question. Thanks for the input, if you all can help answer questions of mine.  

[kuperis]

FTS.. anyone wants to buy Steemit  account with 140.3 Steem power ? 0.5 btc

[frenulum]

after ths rise steem looks just scary

I've just been relaxing tonight watching Akira, eating a Chinese. In those short 2 hours, Steem has gone from 2.50 to 3 dollars.

#Holyshit

[Sharma]

after ths rise steem looks just scary

I've just been relaxing tonight watching Akira, eating a Chinese. In those short 2 hours, Steem has gone from 2.50 to 3 dollars.

#Holyshit

Yeah, steem has more than doubled in value over the past day or so.

Go go steem!

[estenity]

after ths rise steem looks just scary

I've just been relaxing tonight watching Akira, eating a Chinese. In those short 2 hours, Steem has gone from 2.50 to 3 dollars.

#Holyshit

Yeah, steem has more than doubled in value over the past day or so.

Go go steem!

should it continue ?

[estenity]

at least alive and pleasant, not boring, as presently ethereum, waves, lisk....

[Panadacoin]

closed

[frenulum]

What worries me about Steemit is that it is getting a lot attention in the crypto world, but almost nobody in the blog/social-network worlds are yet aware of its existence. When you look closely at how it all works, it should be setting the blogging world on fire, let alone the whole "internet marketing", "mmo" and work-from-home types.

Seems the cart is rather far ahead of the horse at the moment. Steemit really needs to break into the mainstream, and it should be about all the other great revolutionary stuff, not just the Steem currency.

Wonder if a dump is inevitable after this pump? How high can it go? How low will it settle?

[Alao]

What worries me about Steemit is that it is getting a lot attention in the crypto world, but almost nobody in the blog/social-network worlds are yet aware of its existence. When you look closely at how it all works, it should be setting the blogging world on fire, let alone the whole "internet marketing", "mmo" and work-from-home types.

Seems the cart is rather far ahead of the horse at the moment. Steemit really needs to break into the mainstream, and it should be about all the other great revolutionary stuff, not just the Steem currency.

Wonder if a dump is inevitable after this pump? How high can it go? How low will it settle?

I agree. I really liken it to a reddit type of site. I wish they had a good Mobile app. But I do find it hard to search for new content. plus they should allow people to view their favorite authors or some how serve content by the tags that people care about most. There is a lot of potential in this site just need some direction and exposure. Also sending and receiving transactiona is very cumbersome at the moment. Took me for ever to try and figure out how to send money from Bittrex. I was confused since most address and are hexadecimal strings.