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RE: My Experience With MinnowBooster Delegation

in #steemit • 7 years ago (edited)

Hi Dayne, Bulleth here from MinnowBooster support. Thanks for the feedback, much appreciated.

I think what's happened on your payout surprise, is you've mixed up the return on your 65 SP/1 week contract with the return on your 100 SP/4 week contract. Using default pricing, it costs a user 1 Steem to rent 65SP for a single week. If they would like to rent for 4 weeks, it is a slightly better deal: they get 100 SP (instead of 65) at the same rate of 1 Steem per week.

We also charge the deleagtor a 10% fee, this is why your return on the 1 week contract was ~ .90 Steem and your return on the standard 4 week contract, net of fees, will be ~3.6%.

Hope that makes sense, we have taken your feedback on board and dev team are implementing changes to make everything a little clearer on the confirmation screen (including the 7 day cooldown).

Regards,
Bulleth.

PS if you have any more questions you can find me on the MinnowBooster discord server

7 years ago in #steemit by
$0.12
  • Past Payouts $0.12, 0.00 TRX
  • - Author $0.09, 0.00 TRX
  • - Curators $0.03, 0.00 TRX
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     7 years ago (edited)

    @bulleth I updated the post and thanks for commenting. It makes more sense now that I got the numbers right. :) In fact, I just filled another order!

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     7 years ago 

    Thanks mate, that's awesome. It was a very balanced piece to begin with, but appreciate the edit anyway!

    Great to have you back filling orders too XD

    $0.00
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       7 years ago 

      Hey @bulleth !

      Thanks for clearing this up.

      I think I may have an issue with my order? Sent 10 steem for 4 wks and only got 250 SP ?

      Is this wrong? Only been 1 day.

      Thanks!

      @mikev

      $0.03
      • Past Payouts $0.03, 0.00 TRX
      • - Author $0.03, 0.00 TRX
      • - Curators $0.00, 0.00 TRX
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       7 years ago 

      Thanks for the response! You might be right on the confusion of the amount of Steem for the delegation. I tried to look back for the amount and I can no longer find it.

      In fact, the more I think about it I might have confused the payouts. I am going to update my post to reflect that.

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         7 years ago 

        I have a question about the sending 10 steem to minnowbooster
        I didn't know how that worked and then went on to a post and decided to upvote and to my surprise was a slider bar. I scrolled it down to just .06 on that vote. Then I went back to my wallet and say 650 sp in quotation marks.....
        Now I am worried....!!!! did i make a mistake? I don't have but what is in there. will I owe anything of that that I use? will it just take it back in a week? I am not understanding how this works. Please let me know what I have done..... ????!!!!

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