How worthy is Minnow Booster power delegation today? This is my road through minnow booster investment experimentations
In my previous blog post I was explaining what are the steps you shoud follow in order to delegate your steem power to minnow booster's bot (https://steemit.com/steemit/@adriatik/explained-to-my-daughter-2-experimenting-power-delegation-to-minnowbooster).
I received my first payout yesterday.
The amount given was 0.419 SBD for lending 1,000 steem power. As you can have 6 steem for 1 SBD due to high rates right now, that makes 0.419 x 6 = 2.5 steem for 1,000 steem power lent.
The numbers might seem low, but this is a really nice payout considering the investment :
2.5 / 1,000 = 0.25% a day!
If you are the kind of guy or girl who likes to think about investment in a year time, this is a 91,25% earning a year! Huge! In fact this is right only if you are betting on a 1/6 SBD to steem. On a 1/1 SBD to steem, this is a 15% earning a year. This is still good if you compare to what you can get nowadays with classical investments.
Do not forget that if you decide to undelegate, you won't be able to use this Steem Power for one week. This reduces your earning depending on how much time you kept it.
I see this kind of investment as a great thing if you need immediate SBD when they are really high like right now, otherwise I think there are better ways to monetize your Steem Power!
Tell us in the comments below how your investments with Minnow Booster went, and if you find better ones do not hesitate to share them!
As always, please report mispelled issues you notice in my posts as I'm not a native english speaker. I'll try not to do it again!