STEMGeeks burn report - 28.3% burned this week

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STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.

There are 12,550 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 185.059046 STEM
  • @stemcuration curation rewards - 457.744486 STEM
  • 50% Author Rewards Burned - 2898.888055 STEM
  • STEM burned for promotion - 7 Stem

Total Burned: ‭3,548.692 STEM (~28.3% of weekly reward pool)

Get more author rewards

Post from https://stemgeeks.net and get full STEM author payouts for your posts. Posts made on any other front end will only receive 50% author rewards.


STEM curators making as much as 179% APR with linear rewards!

Are you missing out?


Linear rewards are now enabled!


20% of the reward pool goes to STEM Miners?

99% of the miners have been burned. Do you have any?
If you like passive income, STEM Miners have you covered.
You can grab some on Hive Engine.

There are a limited number of STEM Miners available.


Promote your posts by burning STEM to @null

Send STEM tokens to null with a STEM post in the memo. This will push your post above all others as a promoted post. It takes very little STEM to do this and be placed at the top as there is little competition for this feature right now.

By using STEM for promotion you reduce the STEM token supply increasing the potential value of the token.

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18 comments
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99% of the miners have been burned. Do you have any?

I see they now sell for 20 hive - what is the outcome of buying that ? I mean, how much stem they produce on a daily basis ? Is it fixed ?

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They have been 20 Hive for almost forever, they started at 10 Steem initially for a very short time and went up 1 Steem every few days, but there are very few in circulation.

The amount varies as it is a lottery system.

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amount range ?

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(Edited)

Not off hand, Hive Engine is a nightmare to query.
I'll see if I can figure something out.

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Did you find anything ? I just bought 44k stem FYI, what next ?

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(Edited)

Did you find anything ?

I did some quick math, since it is hard to get data on Hive Engine. I want to query more users to get a better average of returns, but I do have something.

Short story

It looks like miners have about a 1.86 years break even period on STEM Miners. While this sounds like a lot, it is less than half the time of most tribe miners and you can always sell them at any time for near what you paid for them as there isn't many for sale at any given time.

Long story

I took a user with 77 STEM Miners, and took his last 24 hour mining. I wanted to get more samples before reporting back.

77 Miners @ 20 Hive each = 1,540 Hive up front.

This user mined 14 times in the last 24 hours of my test, at 0.9312 STEM a piece that is 13.0368 STEM.

13.0368 STEM is roughly 2.26775 Hive a day.

2.26775 Hive a day * 365 days/year comes out to 827.72875 Hive/year.

1,540 Hive up front costs / 827.72875 Hive/year comes out to 1.8605 Years.
(Update: This is now around 1.61 and shrinking as the Bernie sell wall is gone and the price is free to move).

A LEOM Miner for example makes around 1.68 Leo/year, which comes out to around 3.8 year break even, like the STEM Miners, you can sell them at any time for close to what you paid for them.

I just bought 44k stem FYI, what next ?

Well we know where Bernie's sell wall went now. :flex:

STEM works similar to Hive, if you stake it you can influence the reward pool based on your stake. We recently switched to linear rewards which gives everyone a fair chance at curation rewards. You do not have to worry about curation snipers affecting your curation rewards.

One our curation account, I did the math and was seeing as high as 179% APY on curation with linear rewards. I include the math behind this statement in this post.

The more stake you have, the more your APY will be as you can single handily get over the reward curve. There is a slight reward curve on author payouts, meaning lower payout posts don't receive as much per vote as larger payouts. This is to give a slight edge to well performing posts and make low quality posts with low rewards require more votes to start gaining STEM.

Author rewards burning

Not long ago we started burning 50% of author rewards not made on https://stemgeeks.net. This drastically reduced the rewards on users who are just adding our tags but not really participating in our community. This results in a 20%-32% weekly burn between the author rewards burning, admin accounts burning rewards, and promotion burning.

This means, there are very few STEM tokens available to be purchased and earned, far lower than most tribes. STEM already has one of the lowest inflation rates of all tribes at just under 7% (before burning), other tribes have as much as 19% inflation.

If you have any questions or need help, please join our Discord and ask any questions you may have.

Our biggest challenge right now, is to get more users on Hive posting about STEM topics and bringing in more users from outside of Hive to STEMGeeks. This is something I am actively working on.

There is a lot of information here, so I will likely turn this response into a post on @stemgeeks so others can benefit from it.

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if you stake it you can influence the reward pool based on your stake

How to stake ?

Our biggest challenge right now, is to get more users on Hive posting about STEM topics and bringing in more users from outside of Hive to STEMGeeks. This is something I am actively working on.

I think an app to attract young kids from school / colleges may help a lot. Probably need to create something like Leo to help them onboard without understanding all the details.

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You can stake on https://stemgeeks.net or Hive Engine. You would need to vote things with our tags or just use https://stemgeeks.net.

I do plan on reaching out to schools and universities but a few things I want to work on first to get the best possible experience.

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So I need to go to wallet in stemgeeks and then stake ? And I see posts from several others tags are showing up on stemgeeks how do I find out which one is with your tags ?

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So I need to go to wallet in stemgeeks and then stake

yes, or you can use Hive-engine.com, it has a stake button as well.

And I see posts from several others tags are showing up on stemgeeks how do I find out which one is with your tags ?

Anything on stemgeeks.net is indexed and rewarded with STEM and are safe to vote on.

Anything anywhere else, you will need to see if it uses one of our tags:

  • stemgeeks
  • stem
  • science
  • technology
  • engineering
  • math

All these tags will bring the post into STEMGeeks and make it eligible for rewards. That being said, https://stemgeeks.net is the authoritative answer to what is in our tribe as off-topic content (like talking about Bitcoin price but tagging it as "technology) may get muted.

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Does staking from Leo works ?

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No, leofinance.io will stake LEO and has no idea what STEM is.

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말 좀 들어랏~!!! 이 개쉐야~!!! 디진닷~!!! 다운보팅 고마해~!!!

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Thank you for having this conversation. I admit I am less versed in this type of information than I should be. I feel weak in finances, but I am improving.

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Without checking, 28.3% seems lower that in recent weeks - more people using stemgeeks.net?

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Yes, but not a significant amount. How many announcement posts we do the week factors in a lot as well as we burn all the rewards and they typically higher on trending.

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