RE: The magic of staking
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Thanks @achim03.
Ok, so can I ask, so as this is another great example of why days like PUD day exists, during the last Twitter Hivechat directly after the last PUD day, all of the questions that twitter session were about powering up and one of the questions was asking if we powered up just on PUD day and if we powered up every/any other day.
So, if we weer to power up every day, then do you think that there is a standard rate that we should use to power up as a rule of thumb to 'play it safe...'?
My only issues with powering up, is that apart from seeing the transaction registering in the wallet, I see absolutely no other indication that it actually worked, as there is no visible change to my vote value, vote mana, or resource credit.
And then when I do vote, I don't see the power up making any visible difference there either, so most of the time I don't actually really 'see' any difference at all.
So I understand the financial significance of staking up, but not having any indication that it is actually working during the process is quite confusing and can really cause some disenchantment among the newbies too I think as it seems like it could be a glitch in the system or something.
Love to hear your thoughts!
Thanks so much!
Your HP in your wallet will increase.
If you check on HiveTasks, you'll see an increase in your vote value.
Thankyou and I have opened the link to Hive tasks and am looking at it now.
And A huge happy new year to you!!!
For a long time I've powered up everything that came in. This allowed me to grow my stake. However this only makes sense if you also use this stake, either by giving upvotes or by delegating it for a return.
When you power up small amounts, you won't realize immediately that you have more hive power. It's only after 100 Hive power that you can actually generate curation rewards. With small amounts of Hive Power it's important not to split the votes so that you can get curation rewards (each vote should carry at least 100 Hive Power). To get the first 100 Hive Power is by far the most difficult passage for people on this platform. Once you start to generate curation rewards, it's getting interesting.
This is a great website to look in real time how your account grows: https://hive.nuthman.com/
Thanks Achim!
I have opened up and book marked nuthman and can't wait to see what it looks like tomorrow on hivepud day when I power up all 137 hive and then I should be able to get an idea with the comparison.
Oh and I hope that you have an awesome New Year!!!! 😃
Thank you!
That's quite a nice power up! Happy new Year to you too 😀
Haaa well that's all I've got and I thought that since it's the first day of the new year, I'd throw it all in and see how I go...😃
!ENGAGE 20
ENGAGEtokens.