Here is something to help people get their heads around why STEPS is such a good investment now - rather than tomorrow.
The following figures were calculated based on the following:
- Starting supply of 100,000 coins.
- An average of 3 blocks per day will be found.
- On average each block reward last for 7 days.
- The total time for Dynamic POS from today is 5.5 Months or there abouts.
- The average price per steps is taken at a very conservative 1500 satoshi for the entire period.
Block reward Approx stake BTC value
70 1,470 0.02205
80 1,680 0.0252
90 1,890 0.02835
100 2,100 0.0315
110 2,310 0.03465
120 2,520 0.0378
130 2,730 0.04095
140 2,940 0.0441
150 3,150 0.04725
160 3,360 0.0504
170 3,570 0.05355
180 3,780 0.0567
190 3,990 0.05985
200 4,200 0.063
210 4,410 0.06615
220 4,620 0.0693
230 4,830 0.07245
240 5,040 0.0756
250 5,250 0.07875
260 5,460 0.0819
270 5,670 0.08505
280 5,880 0.0882
290 6,090 0.09135
300 6,300 0.0945
Total Steps staked if starting with 100,000 coins TODAY = ~93,240
Total value in bitcoin of those steps at 1500 sat = 1.3986 BTC
This is a LOW estimate - this is assuming the price doesn't improve and stays at 1500 sat for 5.5 months. This will obviously not be the case but take this as a worst case scenario. At worst, you will make 1.3986 BTC in 5.5 months of staking 100,000 STEPS. At best probably 10 times this figure If you waited until the end of DPOS before selling any of your stakings.
These figures also do not take account of compounding staking interest and the fact that your staked coins stake as well - typically your share of the blocks will increase over time the longer you hold, you may be up over 4 blocks or more per day in the later stages of DPOS.
I have provided this merely as an explanation for the confidence shown by myself and others in buying large amounts of this coin and holding it long term.
Good luck!
Ok so help me out. Can you explain how this works for us idiots? I have 5k ( i know its lame) steps. I have been staking (I think) for days and days. My staking number is always 0, it says my reward is coming in 9 days. Today I got 70 steps somehow. My staking number still says 0. I just don't know if I am doing this right...
Ok well thanks in advance.
There is no point staking with 5,000 STEPS - its sadly as simple as that. The network weight is such that you will get 1 block per week if you are lucky. You are better of just trading with any amount under 50,000.
