Most people might not be understanding the Power of Powering Up Steem
I will take my time to explain this words to newbies.I always love to teach stuff that i know to others!
What is Steem Power
I will quote the definition included in the Steemit welcome page.
STEEM Power - STEEM Power (abbreviated SP) is a measurement of how much influence a user has in the Steem network. The more STEEM Power a user holds, the more they can influence the value of posts and comments. STEEM Power is less liquid. If a user wishes to “Power Down” SP, they will receive equal distributions of the STEEM weekly, over a 13 week period.
You can find this definition here, i encourage you strongly to read all the info provided there so that you master Steemit.
I will now give my own understanding of Steem Power.
Steem Power are like shares you own on Steemit.
As you have read from the official definition of SP,it gives more influence to the person who ha more of it.
I guess some of you might be wondering why some people on Steemit earn more than others,its because they have more Steem Power!
Almost all the folks on the trending page have a big amount of Steem Power.
You might now be wondering how can one get this Steem Power thing? Great question
How do I get STEEM Power?
There are 2 ways you can do this.
1. Posting on Steemit and other related Steem Apps.
Whenever we post on Steemit we are paid in 2 form ie SBD AND SP as i will show you in this past payment of mine below.
You can also convert that earned SBD into cash or into SP which i will be explaining below.
2. Buy Steem Power from Exchanges.
Let me tell you now here that all those guys you see on the trending page of Steemit invested a massive amount of SP and its why they earn big! Just because joining Steemit is free,it doesn't mean you cannot invest in it.The easiest way to grow on Steemit is invest in Steem Power(as it gives you influence in the community).
Let me show an example of using @blocktrades to buy Steem Power.You can use any crypto to buy Steem Power,but for this case am using Bitcoin as an example as shown in the image below.
As you can see, it gives a massive SP and all that is massive influence on Steemit.
So giys if you have some money elsewhere and you want to grow rapidly on Steemit invest in it SP(this is not financial advice,consult your advicer before making any investment!)
How i Powered up 30 Steem to SP.
I will begin buy showing you my SP and show you the final value.
You can all clearly see its 311 SP .
1. Go to Your Wallet and go to your SBDs.
2. Click on Market.
This will take you to the internal market where i will see my SBDs for Steem.
As you can see,i have used 28 SBD to buy 30 Steem which i will be Powering Up.
You will be aaked to confirm transaction and even asked for your master password to approve the process.
3. Wait for a buyer of your SBDs
This always takes a short time as a buyer shows up immediately.My order was approved within a minute as you can see my Steem has increased and SBD reduced and SP still thr same!
4. Power Up The 30 Steem.
Now go to the part that has Steem and click on the drop-down menu and choose Power Up as shown below.
5. Click Power Up and this screen below will appear asking for the amount to Power Up.In my case,its 30.
This is a sensitive process, so you will be again asked for your master password and in just a few seconds you have Powered Up.
If you are so keen,you must have seen that my Steem Power has increased by 30.
I am now 30 SP more influential than you hehehe.
Go get some influence by Powering Up.
I will talk about other importances of Steem Power in my next post(if anyone wants to know anyway).
So Dang ....I have Powered 30 SP,you do not know how excited i am afyer doing this.My future with Steemit is getting brighter as i continue Powering Up.I want to make it a habbit to Power Up every week.
If you missed my previous posts please find them below.
The joy of celebrating 1k followers and some tips for newbies
I was excited as i met my Nigerian Friend and Guess what i did...explained Steemit to Him
Getting To Know Kampala:Old Taxi Park...Beehive of Activities
If you loved this post please upvote and resteem.
Love
Jarau Moses
everyone should power up
I feel like one of those students that needed to see the teacher after class to get a one on one lesson in order to understand some stuff. This post definitely helped me understand far better than I did before. definitely need to power up!
Thanks a lot. I have learnt.
This very nice and intresting.i have learnt a lot thank you
I've read good luck always, I'll upvote and resteem you.
I would consider powering up when i make some few sbd along the line.
P.s i am now following and won't mind a follow back. Thanks 😊
Tomorrow I am also going to power up. Thanks teacher @jaraumoses for opening my eyes about steem power.
Great work done some people never bothered to read that staff but thsnk you for taking your time to post such
@jaraumoses, am gonna follow your successful trends on steemit, thanks for the great insights .
I am planning on investing likewise on this platform. Great one bro