My first month on Steemit.com: my account is worth more than $260!

My first month on Steemit.com: my account is worth more than $260!
JISHOU, HUNAN — Last month, I wrote that I had signed up for an account on Steemit.com, a new blogging/discussion platform that rewards writers and commenters with tokens called Steem Power and Steem Dollars (SBD). These in turn can be exchanged for regular money (US dollars, for example) or for other kinds of cryptocurrency, such as Bitcoin. Well, after a month, my Steemit wallet is now worth about $263. Not super impressive, but still more than I have earned from this blog during its decade-long existence. I really need to talk to HR about my pay. Steemit users earn whenever readers upvote (aka “like”) their content. Some prolific authors, such as Chinese travel writer sweetsssj, earn hundreds of dollars for each post. My biggest reward so far has been much more modest: just shy of $35. But Steemit users also are paid “curation rewards” — for reposting others’ content. The amount of the reward depends on the original post’s value and on the reposter’s Steem Power. Essentially, Steem Power is a measure of a user’s influence on the platform. More Steem Power means more curation rewards. So, you can earn money by posting, commenting and reposting (re-steeming). Here’s my tally ...

Got my first Steemit.com payments today!

Got my first Steemit.com payments today!
JISHOU, HUNAN — Last week, I announced I had signed up with the new social media platform, Steemit. Today, seven days later, I got my first payments for the posts I made: about $30. This is really quite remarkable, because after several years of maintaining this blog, I have barely made $50 from Google AdSense and affiliate marketing. I have deliberately avoiding loading the blog with ads, because I find ad-heavy websites really annoying, especially as some advertisers use some very aggressive tricks to hijack readers’ attention away from your content. Steemit has given “liking” a post — “upvoting” in Steemit terms — a monetary reward. The minimum reward is 1 cent, but upvotes from longtime users of the platform have more weight, and pay higher rewards. Rewards are paid out every seven days. Here are my very first payments. The Steemit economy is a bit arcane. There are two kinds of rewards: Steem Power and Steem Dollars. The first gives your upvotes and reposts (resteems) weight; more Steem Power translates into more influence and into payment for curating others’ posts. The second is a kind of cryptocurrency, which can be saved in your wallet or traded for other currencies ...
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