MinnowBooster Tutorial #1: Delegating SP to MinnowBooster
Hey there, @bulleth here with the first in a series of tutorials teaching you how to get the most out of @minnowbooster.
In this first tutorial, we'll be showing you how to invest in MinnowBooster by delegating SP. When you delegate SP to MinnowBooster, you help us power up the voting bot and receive daily SBD dividends in return.
This is a great way of putting your STEEM POWER to work for you. The advantage of delegating to the bot over some of our other investment options, is you can cancel your delegation at any time and have your SP returned to you 7 days later. Delegating to MinnowBooster allows you to earn a return on your SP, while keeping it close at the same time!
Watch this quick video tutorial from the amazing @velimir and @ldauch to see how easy it is:
Step by Step:
- Go to the website: https://www.minnowbooster.net/delegate
- Read the text under the title. It explains the benefits of delegating STEEEM POWER to MinnowBooster.
- Enter your username.
- Minnowbooster will display ALL the STEEM POWER you have.
- Enter how much SP you would like to delegate
- Press the "DELEGATE" button.
- A SteemConnect screen will open, showing your delegated STEEM POWER in VESTS (Vesting Shares)
- Press the "Continue" button.
- Now you need to log in with your PRIVATE active key
- You will find your PRIVATE active key on your Steemit.com profile, under Wallet - Permissions. Open a new tab and navigate there.
- To obtain your PRIVATE Active key, click "show private key" button to the right of the ACTIVE KEY label.
- When it appears, highlight the PRIVATE active key and copy it (CTRL+C).
- Return to the SteemConnect tab and enter your PRIVATE Active Key (CTRL+V).
- Press the "Continue" button.
- SteemConnect will display the "Successful" message.
- You are all set. You have successfuly delegated SP to MinnowBooster!
Note: Unlike some of our other services, you will not receive a notifcation from MinnowBooster acknowledging you have delegated SP. You will however, start receiving daily SBD payments and notifications the following day!
Do you have SP just sitting there getting dusty? Come on over to the MinnowBooster website, boost some minnows and earn some SBD!
Thanks guys!
What can MINNOWBOOSTER do for you?
| What? | Currency | Advantages |
|---|---|---|
| Buy upvote | SBD | Earn an instant return |
| Lease SP from market | STEEM | Increase your vote strength and curation rewards |
| Delegate SP to market | STEEM POWER | Earn daily STEEM dividends |
| Invest STEEM in MinnowBooster | STEEM | Earn daily SBD dividends |
| Delegate SP to MinnowBooster | STEEM POWER | Earn daily SBD dividends |
Read the full-featured how-to guide here:
https://steemit.com/minnowbooster/@minnowbooster/6rt2mn-introducing-minnowbooster-beta
NB! The above is an introduction post to get you familiarized with the services Minnowbooster offers. Please read it before using Minnowbooster services. Since inception we have updated many paramaters for the voting bot and DLM. You can find the most recent paramaters below or at minnowbooster.net
CURRENT PARAMETERS:
| Parameter | Value | Remarks |
|---|---|---|
| Minimum Upvote | 0.5 SBD | Minimum SBD you need to send |
| Upvote comments? | NO | |
| Profit at 100% VP | 3 times | Check VP at steemnow.com |
| Daily Limit | 1.0 SBD | Maximum you can send in 24h |
| Weekly Limit | 7.0 SBD | Updated from 5.0 SBD |
| Minimum SP lease | 1 STEEM | |
| Lease price 1-3 weeks | 1 STEEM ⇔ 100SP | (Price per week) |
| Lease price 4-24 weeks | 1 STEEM ⇔ 200SP | (Price per week) |
Provide us with feedback
We are happy to hear your feedback about where we can improve.
Minnowbooster Discord - Join our Discord for support and to connect with us
We are always looking to improve @minnowbooster and try to keep you up-to-date whenever something changes. If you have any suggestions about what we should change or add to @minnowbooster, then please write us a comment :) If you make a great suggestion and we implement it, you may even get rewarded with BUILDTEAM ... So make sure you include your Bitshares username with your suggestion!
Don't have a Bitshare's account? Create one here.
Missed the BuildTeam announcement? Here's all the juicy details.
And last but not least, here's our cute little footer made by the most epic @ryivhnn! Yes, there are cute little minnows floating around!
Minnowbooster is a @buildteam project by @thecryptodrive @cryptomancer and @reggaemuffin
This is a @steemvoter subscription payment post. Thank you to Steemvoter customers for allowing us to use your Steem accounts to upvote this post by virtue of your free subscription to the Steemvoter.com bot service. @steemvoter is proudly a @buildteam subsidiary and sister project to @steemsports and @minnowbooster.
so, one simple question, can I send 5 SBD with memo to get upvotes that are equal to 5 times of 1 SBD?
please could you kindly advice, thanks!
You cannot, you can only send 1 SBD and get 1 Upvote a day.
yes. i tried. the weekly limit is 5 SBD, I tried sending 3 SBD and get a vote worth of 5.25 SBD.
Hey guys from @buildteam and @steemvoter Thanks a lot delivering such a great services to us! I see your graphics are poor and we can improve it together. I've just opened really nice contest and think people should know about it. Right now only 3 people are participating. Anyone could win a portrait from me. I will draw. This is my work :)
If you like we can think about some redesigns for your posts here.
me interesa tu concurso de que se trata
I am new to Steemit but posts like this are very helpful, keep up the great work @minnowbooster. Oh and feel free to "delegate some sp" to this pond scum (minnow).
100% Upvote, Resteem and Follow from #teemnomad!
What benifit would I get for delegating 1000SP?
Earn daily return on your SP loan. I delegated 6700 SP two days ago using https://www.minnowbooster.net/market
Already received two payments of 4.3 Steem each, today and yesterday! Earning 18% apr on my SP!
thanks again for that:)
That's the delegation leasing market where returns are fixed, with this option, returns are variable based on our revenue!
the instructions said it would ask for the private key. Why do i need to enter my wif?
" This operation requires your active, owner key or master password. "
When you say delegate SP loan, does this mean I give some of my SP to minnowbooster and I earn on a daily basis?
correct.
Why does your link say minnowbooster.com while the blog post says minnowbooster.net/delegate? Also the instructions said it would ask for the private key. Why do i need to enter my wif?
I used delegation market https://www.minnowbooster.net/market
active key wif is needed for lending funds.
is it different from the link in this post?
Yes, you can delegate to @minnowbooster bot and get returns based on its revenue, or delegate on delegation market to other steemians and get fixed 18% apr.
Hi mate, returns fluctuate based on our daily revenue. Give it a go and find out :)
I will look into it mate?
Awesome?
meep
n!Ce post, but I dont trust your service @minnowbooster as a friend of mine @prime-cleric sent you 50 STEEM 5 days ago and since that never get any of ur services or got repaid...
I answered your friend already, he made some mistakes and gifted his SP to someone else
He sent it to @minnowbooster so he has not gifted his SP to someone else!!! Please check that again!!!!
His memo was clearly in the format of gifting it to someone else. Luckily we have many posts explaining how the memo needs to be and we have a tool that creates the memo for you.
Sending natural language requests has the risk of being misunderstood. We have a discord with many helpful people if you are unsure of what to send and we will gladly proofread it for you if you ask.
bullshit,
Like I told you we since then fixed our memos to make this more clear. But the memo format is
<weeks> <user>and your memo has no weeks number, so it defaults to 1 and the user is clearly @forThis may not be what you expect but that is why the correct format for a memo is important. The bot cannot read minds sadly. And @smooth-a owns 45 steem like I said since he filled the order.
When it is obvious that there was a human mistake in communication with a bot that resulted in an unfair delegation of 2500 Steems to some one named @for. Then is there a problem in taking back your delegated rights and confer it to the one who deserves it rightfully???
The problem is that taking back the delegation takes one week, so 25 STEEM are already gone. Delegating to the other user means a second week gone. So 'refunding' means paying a second 50 STEEM.
We can refund the 5 STEEM in BuildTeam possesion once we are sure you know how to send a right memo from now on. But the other 45 STEEM are not ours to give.
See how you wrote 'for 4 weeks delegation of 2500 steem, thanks'?
Yes, we are observing what he wrote and what he meant. Now we want to see how you resolve this issue amicably. How much human are the humans behind this automated bot is my prime concern before entering into any business relationship with this bot.
See my reply below. We make 10% on these orders and we have over 22 000 happy users, a lot of whom are Steemians who have invested in our services. We would have to sacrifice revenue from 10 orders of this magnitude or 100 smaller orders just because your friend made a mistake. Does that sound fair to you? Fair to the people who already have entered 'into a business relationship with this bot?'. We need to find a solution that is fair to all.
could @fyrstikken please look into this, the service was clearly not provided, and the refund was never given, 50 Steem stolen from me.
Better not confuse minnowbooster with booster 🐐
If a user doesn't follow the instructions and enters another user's user name in the memo field and delegates SP to someone else, there really isn't much we can do. Your friend instructed the bot to delegate to the account @for
you will notice that I never used @for in that memo, and I was never informed by @minnowbooster of any filled order or refund. Obviously when a new service is offered, and mistakes occur, then it would be agreeable to all to make good.
Correct the memo's don't require the @ just like sending steem to someone doesn't require it, though I think this is a good idea. The problem here is we make 10% on these orders, to refund you because you made a mistake would cost us the revenue from 10 orders of the same size and 100 of our smaller orders. I am happy to work with you on this, but you'll need to give some ground, because the instructions on how to you use the service are clear and we have not intentionally or unintentionally ripped anyone off here. You just didn't follow the instructions.
If your order wasn't filled we would have refuneded it no questions - but someone did delegate to the account @for and @for did receive a notification saying it was successful. You are out 50 Steem, a delegator is out 2500 SP and we are down on time and PR. Lets try and find a solution which minimizes loss to all parties. Are you available on discord? As resolving there would be a little easier than back and forth on the blockchain.
Hope we can find a solution.
maybe the silver lining to this is creating an error free process for the future, left a message for you on chat.
Cool I will log on to .chat now and we will sort this out. Bear with me.
Well your first word is 'for' and that was exactly it. I notice you used it. It is hard to help you, when you don't think about it.
do not lie, return my Steem
answered your other comment, please keep it in one chain...
ok, a mistake in the format of the memo was made, how can we fix this to an agreeable and fair outcome?
The reply from @minnowsupport to my memo and payment was to confirm my order for delegation or a refund would be made.
So your saying that my 50 steem was delegated to @for, so after 1 week does that mean the delegated 50 steem gets returned to my account?
Hi sorry I asked you in a earlier reply to give some ground and we could work something out, it looks like you are already ready to do this. It would be great if you could DM me on Discord so we can work something out I am also available on Steemit.chat if that is better for you.
Re: the 50 Steem, that is the fee for the user who delegated the 2500 SP to @for. This is what makes the issue more complicated than simply issuing a refund.
I was upset over the thought of losing 50 steem given to me by my congregation members to invest. I assumed that a cancellation due to an error and a refund would be a simple process, obviously not. I do have Steemit chat but have never used it before.
Your account should now have a 2500 SP delegation - expires 4 weeks from today :)
wow.. can he do that to me ? i mean gift me his SP.. plzzzzzzzz
Ask @prime-cleric,maybe he will. But would be hard to accidentally write your username...
I have gifted a number of accounts intentionally, but this was supposed to have been a purchase of delegation for my own account, which went wrong, a hard lesson to learn.
Yeah it definitely is :I
We are currently discussing gifting you a new delegation, but that is nothing we can repeat, because it is from our own pocket.
Also I changed the bot to reject memos like the one you send, there may still be some memos that I don't detect but everything with 3 or more words will be send back.
Thanks for doing this, the changes will help stop noobies like me make costly mistakes. Much appreciated.
thank you very much for the detailed tutorial
Thank the amazing @ldauch and @velimir!
Can anyone fill my 3000SP delegation request?
Looking forward to more info and testimonials of success, seems like a good investment if people can follow directions.
I was just reading and feel in the same position, it sounds great even I don't have much SP, but as you can cancel de delegation at any time, it sounds good for a try, right? let me know if you are going in, we can try this and keep a dual tracking on how this works, and get two real time results to compare.
Alright - joining the party :)
Thanks for the tutorial. Hadn't quite figured this out myself yet :)