Steemit.com: Blogging is the new Mining

[bitcoinlitcoinbtcltc]

oh look another shit scam coin traded on a shit exchange

have fun getting raped newbies

[huxdy]

as a BTS three years of experience, i can say that Steem is a hoax, bytemaster this person is very tricky, do not keep good faith, is a fraud
Steem is not sustainable

[nrg_wolf]

oh look another shit scam coin traded on a shit exchange

have fun getting raped newbies

if this is rape, then i very much enjoy it.... i didnt know rape was so profitable lol...... salty scrub.

[monsanto]

Can I mine Steemit?
Are there any instructions?

Yeah is this thing GPU mineable?

[redsn0w]

https://steemit.com/steem/@blakemiles84/two-users-are-gaming-the-liquidity-reward-system-and-earning-1200-steem-per-hour

lol...

  ...

The reward for having the most points per hour is 1200 STEEM (~4k USD as of time of writing).

The two accounts in question @adm and @abit are buying from each other on the market, and then sending to the other in an automated endless loop, generating liquidity points. You can see their wallets and recent transactions by clicking their names above.

[stingers]

Steemit goes in "Read Only" mode and bittrex steem wallet also goes into maintenance, somethin fishy?

[Meech]

Can I mine Steemit?
Are there any instructions?

Google " Mining steem for dummies" and you'll find step by step instructions, for Linux only though.

[Hunyadi]

I thought this is a good project, but after reading this thread...it seems really fishy

[Alao]

Steemit goes in "Read Only" mode and bittrex steem wallet also goes into maintenance, somethin fishy?

They are probably trying to fix stuff. As for bittrex I'm not exactly sure. Since the only place to really trade in on Bittrex I can see the concern.

[crazyearner]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

[Amph]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

how many coins per day with that hash, looking to see if this is somehow convenient to mine even with cpu only

[seedtrue]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

how many coins per day with that hash, looking to see if this is somehow convenient to mine even with cpu only

If the estimate time to produce is correct that means he would find about 2 POW each day with that cpu, if difficulty stays same. The 2 POW would be steem power, not liquid steem though.

[crazyearner]

No usability at all.

Congratulations! you made it in the Hall of Fame List! 

https://bitsharestalk.org/index.php/topic,22823.msg296094.html#msg296094

Cool I have butterfly's ill have 100 Steem tokens for reward and prize

On a seriouse note. I have got steem working tho after a lot of work. This is not for the noise miner or basic user. If this is a token that steem want they need to have working wallets with ease of use and access to coins funds and basic wallet with GUI for the not so savvy person.

3490909ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 23789 hps  target: 29 queue: 103 estimated time to produce: 376 minutes

Not sure if 23789 hps for my CPU is worth mining this been on now for 12 hours no blocks and am guessing that estimated time to produce is 6 hours per block is this worth it? As seen a a down fall of price fro m$5 or $6 down to $2 now back into the $4.00 price.

[crazyearner]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

how many coins per day with that hash, looking to see if this is somehow convenient to mine even with cpu only

If the estimate time to produce is correct that means he would find about 2 POW each day with that cpu, if difficulty stays same. The 2 POW would be steem power, not liquid steem though.

So how does one generate coins that can be spendable then?

[legoman35]

https://steemit.com/steemit/@steemitblog/important-security-announcement-steemit-ceo-ned-scott

[smooth]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

how many coins per day with that hash, looking to see if this is somehow convenient to mine even with cpu only

If the estimate time to produce is correct that means he would find about 2 POW each day with that cpu, if difficulty stays same. The 2 POW would be steem power, not liquid steem though.

So how does one generate coins that can be spendable then?

Mine SP -> power down SP (1/104 of SP balance per week) -> STEEM

As you continue to mine your SP balance grows (both from mining rewards and anti-dilution payments) and you can power down more per week.

So you can mine spendable coins, but you just can't mine and dump quickly. It requires a longer term commitment.

[lordoliver]

Hi everyone,

I'm new to steemit and I have a few questions about the payment concept. It seems to be very complicated.

I see one post that has almost 200 upvotes, but only $1.50 revenue.
But then I see another post that has only 50 upvotes but almost $100 in revenue.
How is that distance created?! Do some upvotes count less than others?
I even see some comments that have almost 30 upvotes but it says $0.00 ?
Is that right or was that just a phenomenon that I saw due to the cyber attack?

I really believe that there should be something like a "Steemit Rules" or "Steemit for Beginners" Article, I searched the web and althoug there are some articles like that, none of them explained ALL the rules to me. So I still find it a little bit confusing ?!

Please help me out what point of the concept I'm missing here?

https://steemit.com/steemit/@donkeypong/still-confused-by-steem-steem-dollars-and-steem-power-the-power-plant-analogy

[crazyearner]

Finaly after 4 hours of messing around and playing around on windows got the bleeder working.

452157ms th_a       witness.cpp:430               on_applied_block     ] hash rate: 24674 hps  target: 30 queue: 104 estimated time to produce: 625 minutes

Not sure if this is good hash rate or not 24,674 hps using 6 threads on CPU. Someone be as kind to tell me what block rewards are per block ?

how many coins per day with that hash, looking to see if this is somehow convenient to mine even with cpu only

If the estimate time to produce is correct that means he would find about 2 POW each day with that cpu, if difficulty stays same. The 2 POW would be steem power, not liquid steem though.

So how does one generate coins that can be spendable then?

Mine SP -> power down SP (1/104 of SP balance per week) -> STEEM

As you continue to mine your SP balance grows (both from mining rewards and anti-dilution payments) and you can power down more per week.

So you can mine spendable coins, but you just can't mine and dump quickly. It requires a longer term commitment.

Am begining to wonder if this is really worth mining with the power I have with an x8 core AMD cpu on 6 cores for this coin. nearly 24 hours no coins

[LemonAndFriesOne]

Looks like a lot of people are going to be burned with this one.

Doubt this is legit, but let's watch 

[ijphlrnxewho]

Someone keeps on deleting my post on Steemit.com
Who's doing it?

This is my 5th post already.
Is it steemit.com team that's deleting my posts?
or
some silly coward hackers

https://steemit.com/@cryptocurrency1/