Steemit.com: Blogging is the new Mining

[Darwin84]

Nothing in common with the sites you mention aside from publishing. Completely different model, different backing, different players, different money, different legal status and more. Craigslist forums are a closer comparison to steem then reddit.

Reddit has billionaires and global players behind it. Steem has a controversial family who's name I can't quite remember. I think they were involved with some other bit-crap-share-coin that went nowhere but in their own pockets.

[adamvp]

Is steem mineable now and how?

[BayAreaCoins]

Is steem mineable now and how?

Good posts and upvotes(?)

[yefi]

Doesn't the founders' voluntary moratorium on powering down end next week?

[favdesu]

Doesn't the founders' voluntary moratorium on powering down end next week?

in approx 2 1/2 months

[yefi]

in approx 2 1/2 months

Oh ok, thanks. Had it in my mind that it was a month after the fork.

[smooth]

Is steem mineable now and how?

In theory except that he current version (which changed algorithm to Equihash) had a bug and the "mining" is really an exercise in using an exploit (though people are competing on it, to a point, so arguably it could still be called mining). It's only 4% of the block rewards, which aren't very high anyway, so not a huge deal.

More normal mining should come back with the next update.

[drays]

Is steem mineable now and how?

In theory except that he current version (which changed algorithm to Equihash) had a bug and the "mining" is really an exercise in using an exploit (though people are competing on it, to a point, so arguably it could still be called mining). It's only 4% of the block rewards, which aren't very high anyway, so not a huge deal.

More normal mining should come back with the next update.

Thanks a lot. Finally some useful information in this thread...

What is the current inflation rate (supply growth) for Steem? I guess it has changed after the fork..?

[smooth]

Is steem mineable now and how?

In theory except that he current version (which changed algorithm to Equihash) had a bug and the "mining" is really an exercise in using an exploit (though people are competing on it, to a point, so arguably it could still be called mining). It's only 4% of the block rewards, which aren't very high anyway, so not a huge deal.

More normal mining should come back with the next update.

Thanks a lot. Finally some useful information in this thread...

What is the current inflation rate (supply growth) for Steem? I guess it has changed after the fork..?

Roughly 9.5% per year. It declines to about 1% over 20 years.

[drays]

Is steem mineable now and how?

In theory except that he current version (which changed algorithm to Equihash) had a bug and the "mining" is really an exercise in using an exploit (though people are competing on it, to a point, so arguably it could still be called mining). It's only 4% of the block rewards, which aren't very high anyway, so not a huge deal.

More normal mining should come back with the next update.

Thanks a lot. Finally some useful information in this thread...

What is the current inflation rate (supply growth) for Steem? I guess it has changed after the fork..?

Roughly 9.5% per year. It declines to about 1% over 20 years.

Thanks a lot! Its actually pretty good at 9.5%, much less frightening than it was before the last fork...

[forzendiablo]

steemit is good only for whales at this point

[avikz]

I like this website and the currency but I am not yet sure the reward algorithm of steem. Some times, I got $17 for a post with 50 likes and 5 comments and sometimes, I get 5 cent with the similar amount of likes and comments.

I am really not sure on what basis the software is determining the reward? Is ther any way to increase the reward. I will be grateful if anyone can help me with this. Please PM me.

[KattZ]

I like this website and the currency but I am not yet sure the reward algorithm of steem. Some times, I got $17 for a post with 50 likes and 5 comments and sometimes, I get 5 cent with the similar amount of likes and comments.

I am really not sure on what basis the software is determining the reward? Is ther any way to increase the reward. I will be grateful if anyone can help me with this. Please PM me.

You just need 2-3 good whale friends to vote your post, thats it.

The content and quality of your post doesnt matter at all. It's just the votes from your big fat whale friends.

[chryspano]

I like this website and the currency but I am not yet sure the reward algorithm of steem. Some times, I got $17 for a post with 50 likes and 5 comments and sometimes, I get 5 cent with the similar amount of likes and comments.

I am really not sure on what basis the software is determining the reward? Is ther any way to increase the reward. I will be grateful if anyone can help me with this. Please PM me.

You just need 2-3 good whale friends to vote your post, thats it.

The content and quality of your post doesnt matter at all. It's just the votes from your big fat whale friends.

You are wrong.

You need quality and you need followers, if you have neither of those or only one, you will not achieve anything, I'm sorry.

Patience helps too. If you just posted your first great post and you expect that out of a sudden the whole world will find it and upvote it... you are wrong! 

[RedRockMining]

Is steem mineable now and how?

In theory except that he current version (which changed algorithm to Equihash) had a bug and the "mining" is really an exercise in using an exploit (though people are competing on it, to a point, so arguably it could still be called mining). It's only 4% of the block rewards, which aren't very high anyway, so not a huge deal.

More normal mining should come back with the next update.

Any news on an official (or unofficial but reputable) Windows miner?

[irwanjabryg]

Good to buy at current prices for 1- 2 months steemit will rise 100-300% 

[kamidela]

Good to buy at current prices for 1- 2 months steemit will rise 100-300% 

If you want to pump that shit, now is the time, when btc is down to 800 dollars. Sometimes is good to make profit when you can, once btc start running again, all alts will be over again for 1 month or 2.. Lets see what happens next.. Sometimes is good to be first and crate FOMO on the market.. The coin that will pump first, that one will make huge profits.

[KattZ]

what makes you think Steem will pump while EVERYTHING is going down?

[kamidela]

what makes you think Steem will pump while EVERYTHING is going down?

Even better. While everything else going down is perfect if steem goes up.. not dependiing on me or you.. depends of whales that manipulate steem market. But they just cant pick the right timing.. =) They try to pump that shit when other thing is going up.. Be first pump first, make profit.

[ooom]

I am waiting an invite for Synereo social platform as I have bought some AMPs recently. I think Synereo will have a potential too. I will  be Steem and Synereo user for sure

https://blog.synereo.com/2016/12/25/on-the-road-again-sign-up-for-synereos-upcoming-alpha-release-has-begun/