Steem cryptocurrency rate. Where to buy Steam? Review of Steem and Steem Dollars (SBD): description, current rate, differences, working with the wallet, earnings, reviews, Steem rate forecast chart

In the cryptocurrency sphere, there has long been a discussion about what Bitcoin is - a means of payment or a purely speculative instrument. While the debate is ongoing, Valve has decided to abandon Bitcoin as a means of payment on the Steam service. The reason is that the volatility of the cryptocurrency is too high. The service first began accepting payments in Bitcoin in April 2016, after several years of discussion about this possibility. The reason for abandoning cryptocoins is not only volatility, but also high commissions in the system, compared to making payments using traditional methods.

“Over the past few months, we have seen an increase in volatility in the price of cryptocurrency, as well as a significant increase in system fees for processing transactions on the Bitcoin network,” says Curtis Chinn, Valve spokesman. “The system's fees for network users have skyrocketed to around $20 per transaction, much higher than the 20 cents per transaction the system was charging when we added cryptocurrency payments.”

Commissions in themselves do not scare anyone, since they are part of the world of finance. The same Visa or MasterCard charge fees for almost any transaction with credit cards. But the commission amount in the case of these companies rarely exceeds a couple of US dollars. When working with Bitcoin, a fee is charged on any transaction initiated by the user. Well, since the Bitcoin exchange rate is constantly growing, the size of the commission is also increasing. As a result, the user who buys the game receives a significant increase in the price tag due to the commission. As for Steam, the payment of the commission lies with the buyer, who must compensate it. Plus, payment does not occur immediately, but after some time, after the payment is processed by the system and the transaction is confirmed.

“Unfortunately, nothing depends on Valve in this case,” Chinn wrote. “The system commission leads to an inappropriately high price for the purchased game when purchasing with bitcoins.”

The value of cryptocurrency is growing all the time. For example, last week one bitcoin cost $9,500. Now the rate has already broken through the $14,000 mark and is moving forward. All of this creates logistical and financial challenges for companies that accept Bitcoin as a means of payment.

“Bitcoin has historically had high volatility, but over the past few months this rate has increased many times, so the growth rate could be about 20% in just a few days. This also creates problems for buyers who are looking to purchase games with Bitcoin,” says Chinn.

The worst thing is that exchange rate changes happen very quickly. The user may have already paid for the game, but during the transaction the Bitcoin rate rises. Consequently, the price rises, and Valve in a normal situation needs to return the remaining funds. But, again, when carrying out such a transaction, a commission will be charged, which is not beneficial for either the user or Valve. It turns out to be something like a vicious circle, into which more and more players find themselves.

For Valve, the answer to the current situation is to abandon Bitcoin. And this is a clear example of the problems with cryptocurrency as a means of payment. One must think that technical difficulties when conducting a transaction with cryptocoins arise not only for Valve, but also for any other companies that decide to accept Bitcoin. The company is not yet going to abandon Bitcoin completely - cryptocurrency may begin to be accepted again, but only if the above problems are somehow resolved.

“We may re-evaluate the situation in the event that Bitcoin becomes an acceptable means of payment again,” the company said in the block.

Nowadays, fewer and fewer people who have bitcoins are willing to give them away as payment for goods or services. “People are now putting a little extra money into Bitcoin, seeing it go up and hoping for the best rather than using it for real world" notes GFI Securities strategist John Spallanzani. This unwillingness of holders of crypto coins to part with them leads to the fact that fewer and fewer services receive bitcoins as payment. For example, the London salon Fifth Dimension Tattoo & Piercing relatively long ago announced its readiness to accept payments in cryptocurrency. But so far there has been no deal.

Are you looking for new promising cryptocurrencies for earning money? In this blog post, the site will talk about the young blockchain project Steam for active users of social networks.

How did the Steam cryptocurrency appear?

The coins serve as internal money for the social network of the same name. The project is significantly different from analogues like Facebook that have long become popular. Firstly, it is largely free from censorship. True, developers have the right to delete posts at their own discretion, but so far they have not abused this opportunity too much.

Secondly, here you can directly earn Steam cryptocurrency by publishing articles. Content is filtered based on the preferences of other users, that is, by the number of votes received. This mechanism allows you to filter out copy-paste, unnecessary mailings, “creativity” of bots and simply uninteresting materials. You won’t find any Steam cryptocurrency faucets on the Internet, but you can get a significant amount of coins even for a small comment.

So, you don’t need a “farm” for mining, just a regular laptop. However, even in passive mode (say, for a penny) you won’t be able to make money on faucets. It is necessary to create for real quality content, and since the service is not focused on Russia, you need to write in English.

The interface of the social network is not simple and convenient, but the developers took care of creating a mechanism for introducing newcomers who want to receive the Steam cryptocurrency. You can immediately look into the introduce yourself section and meet old-timers to get an idea of ​​how the most successful users operate. Here, leave a post describing your, so to speak, “mission”: how you can be useful to the community and how you plan to use the capabilities of the social network for the common good.

If you have big ambitions, you shouldn’t count on writing small comments as a kind of Steam cryptocurrency faucet. Author's articles are valued here, technical reviews. It is most profitable to write in the sections life, anarchy, money, ethereum. Animated pictures and drawings created by hand are popular.

The level of Steam cryptocurrency earnings directly depends on your contribution to the development of the network. The existing algorithm involves “packing” all posts, comments and user actions into a blockchain block. Each of them takes 2 seconds to form. Every time 21 blocks are collected, the system determines the same number of active miners, and then from them the community, by voting, selects 19 social network members with the highest scores. Of the remaining two, one more is selected using the PoW method. The lucky ones receive Steam cryptocurrency. This requires much more work than pumping satoshi from faucets, but the potential income is incomparably higher.

Today it is difficult to imagine investors working in various fields who do not use . To work with them today, it is enough to have access to the Internet, as well as know the rating and starting rate of Steem - $0.404212. Fortunately, such data can be provided to you by a cryptocurrency exchange or specialized resources dedicated to such means of payment. You just need to use them. The last Steem cryptocurrency transaction was made on the HuobiPro exchange

Steem to dollar rate

For those investors who cooperate with foreign partners, it is important to know the Steem to dollar exchange rate. Currently, you can use the STEEM course chart, which displays:

• Starting STEEM course for a specific date.
• The maximum and minimum value that the cryptocurrency had on different days.

The program allows you to select the online frame for which you are interested in the weighted average STEEM rate - $0.412784. After studying this chart, you can make a forecast about what the exchange rate will be like in the near future, and plan an exchange or buy the Steem cryptocurrency at the best price. favorable price. Also, using a specialized resource, you can find out what the capitalization of Steem is at the current date.

Steem to ruble exchange rate

In order to better assess the investment risks associated with a particular virtual means of payment, you should also study the STEEM to ruble exchange rate. It will allow you to determine whether the capitalization of the Steem cryptocurrency, which today is $41,151,277, will cover the costs of its purchase and exchange. To make a profitable purchase or sale of Steem, it is recommended to compare the rate for different days.

Let's look at two cryptocurrencies at once - Steem and Steem Dollars (SBD), which come in pairs and, with minor differences, serve the same purpose and have a social function. Steam appeared a little over a year ago, but in such a short time it managed to overtake Bitcoin and Ethereum in terms of the number of transactions. This is not surprising, because there is no commission at all on the network, and the majority of payments are quite modest in size.

The Steam blockchain is used to host and store public content with protection against changes. In this system, in order to mine Steem and Steem Dollars, you need to use not your computer’s processor or video card, but your brain. The official website steemit.com uses the cryptocurrencies Steam and Steam Dollars to motivate authors and so-called curators. We will talk about them later in the section on how to earn Steam. That is, in essence, the Steam blockchain is used for a decentralized social network, which is based on the principle of rewarding both the author and the reader.

Steam and Steam Dollars cryptocurrency rates.

The rates of both cryptocurrencies can be viewed below on convenient charts. Analyzing the charts will also help you make predictions about where the price of Steem and Steem Dollars will go in the near future. We will look into the long-term prospects of these cryptocurrencies separately.

A) Steam cryptocurrency rate (completely depends on the market)

B) Steam Dollars cryptocurrency rate (the lower price threshold is set at 1 US dollar)

Information about Steem and Steem Dollars

Website for registration and work: https://steemit.com/

Twitter @steemit

System commission for transfer: no

Transaction speed: up to 3 seconds inclusive

A new block is formed every 3 seconds

Coins (Ticker): Steem (STEEM) and Steem Dollars (SBD)

Token distribution system: Proof-of-Brain (proof of mind)

Annual emission of tokens: 9.5% of the current number.

Project launch: 2016.

Registration: free

As of November 13, 2017, the cost of one Steem coin is 0.00013688 BTC or $0.886975, capitalization is $218,481,483 (26th place in capitalization).

The price of Steem Dollars (SBD) on the same date is 0.00015911 BTC or $1.03, but despite the higher price, the capitalization is only $3,430,793 and the cryptocurrency ranks 356th in terms of capitalization.

Steem, Steem Power and Steem Dollars - what's the difference? How to work with Steem wallet

In fact, when making money with your mind on the site steemit.com, you will come across three different cryptocurrencies. Steem Power is also added to the two already mentioned. In order not to get completely confused, let’s figure out how they differ and what function they perform in the crypto-social network.

This is what the wallet looks like inside our profile:

By the way, there is complete openness on Steamit. You can go into the wallet of any profile and see all the amounts in the accounts, as well as all transactions and understand how this person earns his money and what exchange he withdraws it to.

The first currency on the list is Steam. You can send, receive, withdraw to exchanges or exchange on an internal exchange for Steam Dollars. You can view all operations available with any of the three currencies by clicking on the small triangle next to the amount. A special feature of Steem specifically is the ability to convert these coins into Steem Power - to do this, click on the triangle and select the Power Up function.

Why do we need STEEM POWER, on which we spent all our Steam in the previous paragraph? It is precisely the Power of Steam that is needed in order to earn much more on this platform. This is your weight in this society. STEEM POWER can be compared to the production assets of an enterprise. Ordinary Stims are converted into Power instantly, but withdrawing your Power is not so easy. If you want to completely withdraw all earned money from the system, then to convert STEEM POWER back into STEEM, which can be sold on the exchange, you need to run the Power down function. At the same time, all of your STEEM POWER will be transformed and transferred to your Steam account within thirteen weeks in equal parts. This process can be stopped at any time.

Steem Dollars (or SBD) – are displayed on exchanges like regular steem. There are two fundamental differences between them:

• With SBD you cannot increase your strength like with stims. To do this, you need to exchange Steam Dollars for Steam on internal or external exchanges, exchangers or local money changers, simply by sending SBD to their profile and receiving Steam.
• If regular Steems can fall at any rate (depending on supply and demand in the market), then the lower threshold for the value of SBD cannot be lower than $1. Part of the fee is paid in SBD and this is a guarantee that the author will receive normal payment for his work.

Right there in your wallet you can see the total value of your account, which is equal to the sum of all three site currencies, provided they are sold for dollars at the current rate.

The Steem wallet also has a Safe or Savings Account. You can transfer STEEM and SBD into it if there is a suspicion that your account has been hacked. You cannot withdraw crypt from the safe immediately, but only three days after the withdrawal request. This will create barriers for the attacker, and you can change the password in the meantime. Also, interest is accrued on Steam Dollars in the safe, but it is very small - only 0.01% per year.

How to earn Steem and Steem Dollars on Steem. Registration on steemit.com

There are several options to earn local cryptocurrency on Steamit. As we wrote earlier, Steam mines with their minds. Every day a pool of rewards is formed for authors and readers, the size of which depends on the total capitalization of the project’s currencies. This pool is divided daily between:

• Authors who write articles on Steemit and readers who vote for their posts. These two categories receive 75% of the entire pool of new tokens. Naturally, with a large advantage in favor of the authors (75% to 25%). The more votes your post gets, the more rewards you will receive.
• Node holders (sometimes called Witnessers). Those who have hosted the entire Steamit database to support the operation of the portal receive 10% to pay for the power expended.
• Another 15% of the pool goes as interest to those who hold their funds in STEEM POWER. This is done to prevent investors and workers from reducing power and selling their earnings.

How to earn Steam? First, register on the website https://steemit.com/. Registration does not seem complicated: we enter the name in the system (login) and email one at a time. A confirmation letter is sent to your email, follow the link, but registration does not end there. After confirmation, you have to wait from a couple of days to a week until your account is reviewed and further registration is allowed. If your IP does not seem suspicious, then you will be sent a link through which you can receive your private key, which we use to log into your account.

Attention! When registering, we indicate only mailboxes on gmail.com. Because if you register through, for example, Yandex mail or mail.ru, you will not pass moderation even if you successfully confirm your email.

After you have successfully registered on steemit.com, you can log into the site and start earning cryptocurrency. At the beginning, your Steam Power is very small and you will not receive anything for reading and liking posts. To do this, you need to level up a little by writing a few articles or buying Stim on exchanges and converting them into Power.

When writing posts, be sure to understand the tags, you can put 5 of them per article, articles under different tags collect different amounts, since different people read them.

Basically, everyone on Steamite tries to write in English (this is the main language of the site), but if you write in your native language, then no one will mind, it’s just that your article will not be read by more curators, but you can get several fat upvotes (so here they call it likes) from compatriots purely on patriotism. The system, for example, contains a lot of articles in Chinese, Russian and Hindi.

To publish a post, click the Post button next to your avatar in the upper right corner. The following form opens:

As we see, everything is extremely simple. We enter the name, in the next field we write the text itself, and we can simply drag the pictures with the mouse. Below we put five tags, consisting only of small letters and numbers, separated by spaces. In the Rewards field we leave 50%/50%. This means that part of the Steam dollars will go to the readers. In total, you will receive the above-mentioned 75% of the income from the article and 25% will be received by those who vote for it. This happens because you pay only half of the Steam Dollars, and the usual Steam and SteamPaver for the article remain with you in full.

You will receive payments for the article to your account after 7 days from the date of publication. After this point, the article will no longer bring you money.

There is no need to copy articles from the Internet and publish them on Steam. There is a special bot that monitors this, and you will be blacklisted. It’s better to write a short post, but your own. Some posts can pay out in the hundreds of dollars. It all depends on how interesting the material is, and also on how many subscribers you have. The largest amounts of money are collected by posts that explain something for dummies with pictures. For example, how to buy cryptocurrency on an exchange or simply how to register on an exchange. If you are a professional in any field, then you have a great chance of finding subscribers and earning hundreds and thousands of dollars. For example, publishing lessons on the art of photography or your forecasts for the cryptocurrency rate.

To make money on Upvotes, you need to buy Steam on almost any major exchange. Now both Steem and SBD are traded on Poloniex, Bittrex, Livecoin or Openledger. To do this, simply register on one of these exchanges and buy Steem as a regular crypto, then send it to your account

But after you have leveled up enough to get a kickback for upvotes, you can launch some kind of bot that will vote instead of you. But keep in mind that the number of such likes per day is limited, because with each upvote your battery runs out, which then takes a long time to recover.

Steem price forecast

In the history of Steam this year there have been ups and downs of tokens, but in principle the prospects for the cryptocurrency platform are quite bright. There are several reasons for this:

– more and more users and investors appear every day. Many people invest in Power to make money on upvotes; many have managed to evaluate instant transfers in a couple of seconds without any commission at all.

– The lower threshold of SBD is fixed. Almost no other crypto has such protection against shocks.

– as soon as the rate of Steem or Steem Dollars falls below, there are a lot of people who want to pump up their Steam Power on the cheap and then make money on it.

– Interest accrues on Steam Power. Approximately 15% per year. This is also a rather rare case.

All this gives an ever-increasing interest in Steamit’s cryptocurrencies and makes them good tool for investment. For example, back in March, the price of Steem was at $0.1, and in June it peaked at $2.6. True, the course was corrected later, but still, after such a surge, the number of system users doubled in less than a month.

News! Just today, November 13, news appeared about the creation of a $20 million “Steem Fund” to attract investments to launch startups based on Steam. This option appeared after the last fork in the system. This news pushes the price of the cryptocurrency up.

This site is analogous social networks Reddit or Facebook, while working on the basis of blockchain technology. Each participant receives a reward for publishing their own posts, as well as for voting on others. The promotion is carried out with the digital currency Steem, the rate of which currently does not exceed 0.00054673 BTC.

How the currency appeared and features

The birthday of the Steem cryptocurrency can be considered March 24, 2016, when a topic dedicated to studying and testing a new project was created on one of the Bitcoin forums. According to platform developers Ned Scott and Dan Larimer, the system was a decentralized social network, the operating principle of which was based on blockchain technology (all transfers, voting and publications are stored in transaction blocks). Among its main features was complete freedom from censorship, which has now overwhelmed such popular resources as Reddit or Facebook. The site immediately gained enormous popularity, currently counting more than 50 thousand active users.

Without exception, all members of the Steem community are divided into 2 groups that are distinct in their capabilities. This difference lies in the number of votes that determine the interest and significance of the posted post, and, consequently, the reward for it. Content evaluation is an integral part of the internal structure of the network. In addition, such a concept made it possible to significantly improve the quality and uniqueness of posted posts; a huge number of scenarios arose that helped increase profits from publishing articles.

Naturally, you won’t be able to make money by simply copying or using useless messages. Interesting and unique content written in impeccable English is valued here. The platform encourages you to post only something of high quality, so that interest in the post, as well as the reward for it, only grows. There is no spam, since no one will ever pay for any mailings, and there are no bots involved in distributing advertising. Thus, Steem managed to get rid of bots, spam and ad blocks, while at the same time attracting new users with unique content.

As one of the security measures, real user identification has been introduced here. Only those who log in from their Facebook or Gmail account will be able to work on the site. This solution makes it possible to avoid the dominance of bots. On the right side of the network interface there is a list of the most interesting community topics. Posts in the system are distributed according to popularity, that is, according to the degree of profitability for their authors.

If a post gets more than 10 thousand Steam dollars (which is not at all uncommon), you can get approximately 7 thousand US dollars. In addition, the network allows you to earn 700 Steam dollars just by writing a small comment.

Advantages of the project

Such a rapid growth in the popularity of Steem is due to a number of positive features. These include:

1. An unparalleled concept of social and business relationships.
2. No commission fees.
3. Incredible enthusiasm from community members who saw the platform as a completely new direction in social media.
4. An opportunity to earn money for each participant who creates interesting and unique content.
5. Optimistic prospects further development sites.
6. Liquidity reward to achieve bootstrapping during various token transactions.
7. Bringing benefits to people who are not participants in the platform and do not invest in its development.
8. Natural promotion of a resource through content creation.
9. In addition, due to the relative youth and, therefore, low workload of the project, all transactions are carried out much faster.

Flaws

As usual, there are also negative aspects in the Steem project:

1. Until now, an exact algorithm for obtaining electronic cash through comments, publications and voting has not been formed.
2. Despite the high level of protection, there is always a risk of losing your savings as a result of a hacker attack.
3. The platform is quite difficult to master.
4. The insecurity of cryptocurrency, as well as its ongoing development, makes it impossible to predict changes on digital asset exchanges.
5. Finally, it is worth remembering that there is always a chance of not making any profit at all.

By the beginning of the summer of 2016, the platform, which had not even been founded for 6 months, had reached third place among more than 700 cryptocurrencies in terms of capitalization. Even hacker attack, which happened in June of the same year and resulted in the theft of almost 100 thousand dollars, could not stop the rapid growth. Capitalization indicators have not changed at all. After 5 days, one of the most reputable digital currency exchanges, Poloniex, added electronic cash to its trading. Today the exchange rate is 0.00054673 BTC.

Registration method

The easiest and most convenient way to connect to the platform is to register on the official website Steemit.com. To do this you will need an account on the social network Facebook (without having additional requirements) or Reddit profile (positive reputation required). An amount of 7 tokens is credited to the registered account. However, this figure may vary depending on the system parameters. Such an account makes the user a full member of the community, giving him the opportunity to publish posts, leave comments and participate in voting without any restrictions.

True, despite the ease of this method of registration, it has 2 fundamental important points, which are worth remembering.

Firstly, such an account is not anonymous, since it is assigned to an account on a social network. In addition, platform developers become aware e-mail registered. Secondly, all security functions account user responsibility falls on the shoulders of the creators of the Steemit.com resource. Although they claim that they do not have access to the profile management keys created during registration, the mechanism for creating passwords is not carried out by the user, and changing the key is possible only after the approval of the developers.

Based on the conditions, the creation of each block takes approximately 2 seconds. After a series of 21 components is recruited, the same number of active miners is rotated. Through voting by the entire community, 19 miners with the highest performance are selected. Then, from the remaining 2, one is selected using the PoW method, and the last, 21 places, are divided into a limited time period between all users on the network.

In order to succeed in the difficult task of mining, you need to follow some recommendations:

1. Come up with an intriguing, unusual and interesting title for the post. Images are often added, and they also often try to attract with various sexual themes.
2. Hand-created drawings or animated pictures are very successful.
3. Beginners should take a look at the introduce yourself section, where newcomers meet veterans of the platform. You can leave a post that will describe in detail what contribution the new user is going to make to the development of the site, how he will be useful to this community and what his future plans are. Proper post formatting and experience play a significant role.
4. The life, money, anarchy and ethereum sections are also important, and most importantly quite profitable.
5. Finally, digital currency rate analysis, opinion pieces, and technical reviews are valued.

At the moment, it is difficult to predict in which direction the platform will develop. Currently, Steem only offers the publication of its posts and is not suitable for reposting links. In addition, site developers can delete comments or articles at their own discretion, however, the information will be stored on the blockchain.

On the other hand, even content that violates all moral or ethical standards can be on the network and recorded on transaction blocks, it just will not appear in the list of popular posts.

The voting algorithm, the publication of articles, the distribution of currency, its value, incentives with rewards, the blockchain technology itself - all these components come in constant interaction with each other. They create a market reaction through various financial mechanisms (prices, material incentives for created content) with electronic cash.

Considering the relative youth of the project, everyone has yet to find out whether it will work, turning out to be a new milestone in the history of social media, or whether it will become another unsuccessful attempt. One way or another, everyone must make a choice for themselves.

What do ordinary users say about Steem?

Among users there is an ambivalent attitude towards this platform. Its undoubted advantages stand out, including the opportunity to earn money by creating content, the absence of commission, and the innovative concept of combining blockchain technology and social networks. However, they also note certain disadvantages systems: difficulty of mastering, presence of an algorithm for posting articles that has not been properly developed. In general, Steem is called a rather promising network.