To be successful in Steemit, you need to have a lot of information about the system. The environment is extremely analytical and has a rich application ecosystem. I think I've come a long way in time to get to know the Steemit system. I wanted to share with you what I learned in this article, focusing on making money.
We can basically collect the methods of making money in Steemit under 4 different headings. At this stage, I'm not going to go into detail, I'm just going to specify the titles.
Capital-based earnings: Curation reward, vote sales, steem power delegation, leasing steem power to operate
Labor-based earnings: Author reward from your posts and comments
The earning achieved by the synergy of your capital and labor: Upvoting of your post through bot use, upvoting your own post.
Earnings obtained by serving on the Steemit ecosystem: Operating as an upvote bot, becoming a witness, working as a resteem service, developing applications
After drawing the general frame, I can now move on to a more detailed description. I won't keep the level of detail too high, because I want this article to remain a readable length. I wrote about each topic under the article in more detailed manner. You can also take advantage of the other articles I reference at the bottom of the article. Mathematical calculations in these articles may have been differentiated because of the change in Steem price, but the main idea has not changed.
- Curation Reward
In steemit, every account can use 10 daily votes. In proportion to the steem power you have, you receive a curation in return for the upvotes. Curaiton reward accounts for 25% of revenue generated on a post. This rate gradually decreases if the vote is submitted before 30 minutes the post is published. On the other hand, early voters of a post generate a higher rate of curation than the average curation income of 25%. Ideal curation timing for popular content can be considered between 15 and 20 minutes.
- Selling Votes and Automatic Voting
To obtain curaiton reward, you need a great discipline to regularly use 10 daily voting rights. It's almost impossible to make this work stable 7/24. And when your vote power isn't used, it's wasted. You can't get any income through it. To prevent this situation, you can vote automatically for the authors you like using https://steemauto.com/dash.php You can use "fanbase" on the menu for this purpose. Also again using https://steemauto.com/dash.php you can be included in a curation trail, and you can automatically upvote the same messages following the master curators.
Another alternative is sell your unused votes on https://smartsteem.com/ through the “sell votes” menu. When your vote power rises to the specified rate the smartsteem system automatically sells your vote and pays you an automatic batch every