We buy Steem Power in order to raise our voting power. Steem Power influences how much our upvotes are worth. The more Steem Power we have, higher will be the rewards for other people(to whom we upvote) & our earning too.
The value of Steem Power (SP) is same as that of Steem. It means that for buying 1 Steem Power we need 1 Steem. Likewise for buying 500 Steem Power we require 500 Steem that must be available in our wallet. Here, the problem arises for many Steemitians as to what would they do with very few Steem in their wallet and for those who cannot make a large investment.
Here comes the solution:
The simple way is to lease Steem Power. It means that we take Steem Power on rent for a specific period of time. For leasing Steem Power we are suppose to pay a specific amount of Steem (for eg. Payment of 7 Steem in return of 500 Steem Power for duration of 2 Weeks).
You may use this calculator to know how much your upvote would be worth with a specific amount of Steem Power!
Calculator link : https://www.steemnow.com/upvotecalc.html
How can we lease Steem Power
I recently came across a very popular platform @minnowbooster from where we can lease Steem Power.Go to https://www.minnowbooster.com
Click on “Lease Steem Power” link on the left panel
Now, a next page will appear. Scroll down a bit and fill in the required fields accordingly. As you enter your Username in the first field, it automatically shows available Steem balance in your wallet.
Now, fill up the value for Steem Power required by you (eg 500 or 1000 etc.)
In the next field enter days in weeks (eg. 3 weeks or 4 weeks etc.) as per the required duration to set up your lease period for Steem Power.
Next field asks for quantity of SP per Steem per week. I set it to default value i.e., 150
The last field calculates and shows the total Steem required to be available in to your Steemit wallet. You may change the value of previous fields accordingly depending upon the amount of Steem you would wish to invest from your wallet in return of required Steem Power.
After completing all the fields click on Lease button.
Now, you have to Confirm your leasing request by connecting to your Steemit account via Steem Connect. Click on Continue button
Here, input your login information of Steemit account and Sign in
The STEEM amount will get reduced automatically from your Steemit account and your leasing request will be added to the New Leasing Requests list on https://www.minnowbooster.com
You will be notified by a message when your request gets filled. Additionally you may also check the status in HISTORY section of your Steemit Wallet. If the request can not be filled within three days (in rare case), the STEEM that you have invested would be transfered back to your account.
As of today I have invested $ 27 (STM) for 1000 Steem Power for 4 weeks. I hope this post helps many of you in one way or the other from my real time step by step update (experience).
Please comment and share your views regarding this post. Thank you !!!
i purchesh 500 steem power
Wow...That's good
Interesting concept. It may give users the incentive to 'power up' by leasing Steem Power and be more active for a month or so.
The concept of leasing tokens/power is broadening. We can see similar initiatives being build; for instance with EOS. Chintai is working on a solution for leasing out EOS tokens. The concept is not live yet but I am sure it will be popular.
Thanks for updation. I really liked your comment and have upvoted
Bro can we buy 100 Steem Power?
Yes we can. You may buy even 50 SP or so subject to your lease order fulfillment.
Can we get sp on lease at 13 steem?
Yes, you can. It's up to you. You may invest any small amount even for less SP as per your requirement.
can you tell me how to sell votes after buying some steem power
More SP in your wallet means more curation rewards for you. You may also get up votes on your post in return for whomever you upvote by in addition to upvotes from your followers.
@sarthakgupta bhai minnow buster superb tool he or steemit ac use fast grow hota he..
Yes...You are right
Informative, thank you for sharing
Glad..You liked it. Please keep supporting
this truthful sites .. it is ??
Yes, it is. You may check my account. I have shared this blog based on my real time experience.
ooh i saw nicely its to helpful
Will Minnowbooster be good for re-steem our post?
Hello Sarthak ,
You share very good info, this will help a lot.
I will also get steem power.
If I buy 500 SP how much reputation will increase?
It will increase your voting as well as curation earning value resulting in increase of reputation accordingly.
knowledgeable post
Thanks..
Great bro.... Keep growing
Thanks bro...Please keep supporting
i am also planing to lease.
Yes...You will be benefited
Interesting blog.
Keep it up.
Thanks a lot
Looking forward to o
Yes...For sure
Yeah finally, actually I'm really looking for steem power to get it on lease! I'll follow this step to get SP on lease!
That's great...
I want to use thanks for helping
Instead of that buy the steem
Frnd i have deposited 1steemit coin to menoboster then how much they guve return to me?
I guess slightly more than 1 STM
Yes its surely going to benefit me
Yes... for sure
Helpful post to increase sp
Thanks
thanks bro very well explain
Thanks..
That guide was great I am gonna buy too soon
Great..
your request filled or not???
Yes...Within 10 minutes. You can check my wallet.
Will try leasing in future
Great man, i will buy few of steem power for sure
Congratulations @sarthakgupta!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, consider to vote for my witness!
Thanks for this post, I may have to look into leasing some steem power. This is an interesting project for sure, the more we can engage newcomers in the community, the bigger we can grow :)