For the past months I have been critical on people who use/delegate their Steem Power to bid-bots and vote sellers. I'm not gonna lie and go ahead and say that it was probably my jealousy overtaking at how they are able to accumulate and earn SBD/Steem passively fast compared to someone who writes "decent" quality content once per day.
But last week, after learning about these Dust Threshold thing, I just can't help myself to do the same thing as them, that is delegating to a community or a bid-bot in order to accumulate as much as Steem Power as soon as possible.
Anyway, the gist of the said Dust Threshold is that:
Currently if a post/comment earns 0.001 to 0.019 SBD worth of rewards - this is rounded down to 0.00. If a post/comment earns at least 0.02 SBD - then they receive their reward.
As someone who have little to few followers, I mostly upvote every comment I get on my posts as a way of saying thanks and in order to encourage them to come back and read my future blog posts. However, after knowing that my $0.015 upvote will soon be turned into dust($0) after seven days, it seems to be unfair and frankly deceiving to my followers. So I've finally decided to try delegating in order to accumulate more Steem Power fast so that my vote will be above $0.02.
So, How to Delegate Steem Power?
There are many ways on how to do this, but today I am just gonna list the three most favored ones by most users:
1. Steem Connect
Probably the most well known way to delegate as it only requires you to copy the link below and replace it with the corresponding details:
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=YOURACCOUNT&delegatee=THEIRACCOUNT&vesting_shares=X.XXXXXX%20VESTS
So if you want to delegate 500 SP to me, all you have to do is replace the delegator with your username and set delegatee to jlordc:
Woah woah where did those numbers come from? Remember that delegations are sent in vests which are calculated using the following equation:
(1,000,000 / steem_per_mvest) x Desired delegation in SPsteem_per_mvest is not constant but can be found at https://steemdb.com
Filling up values in the formula above:
1,000,000 / 490.879) x 500 = 1018580.95
Going through the link, youl'll see that our calculations are correct. All that's left is to login through steemconnect in order complete the transaction.
2. SteemIt SP Delegation Tool by @justyy
Math is Hard! Thank God witness @justyy made a very easy tool for delegation. All you have to do is fill up the form along with the desired Steem Power you want to delegate. That's right, no computations required.
3. SteemBot Tracker Delegation Manager
SteembotTracker is not only for placing bids on upvote bots. There are also some other useful tools you can use there, one of which is their Delegation Manager. Not only is it solely for delegating, but it's also for checking, updating and even removing delegations you have already given to someone.
And there you have it! That's how easy it is to delegate. If you have SteemPlus installed, a delegation button is found on the wallet section. Also remember that if you want to add more into your delegation, you only need to input the overall desired SP. Say, if you have already delegated 100SP and want to delegate 400 SP more. You need to put 500SP(the total), not 400SP(the additional). Undelegating simply means to delegate "0/ZERO" SP to which you can only use or becomes effective after 7days have passed.
Also notice that almost all the procedures always ends up using SteemConnect, as it is one of the most secure and convenient way to do this.