Did you know that STEEM POWER comes with interest rate associated with it, so over time you earn more STEEM POWER just by holding it and doing nothing? Want to check that, just take a note of how much you have in your Wallet, wait a minute or two and refresh the page to see a slight increase in your holdings (if you have very little balance like you just started using steemit.com you may need to wait some more time to see a notable difference). So how much is the interest rate and how much STEEM POWER can you earn is a question that needs you do some math to calculate, do note that the interest rates quoted below are just an estimate based on comparing account balance, so they may not be 100% accurate.
Estimated Interest Rate:
0.029% per Hour
0.696% per Day
4.872% per Week
20.88% per Month
250.56% per Year
Here is an example how to calculate:
Assuming you have 10 STEEM POWER in your account you can roughly calculate how much STEEM POWER you will have after a given period of time. Do note that the below method takes into account only simple interest rate calculation and not compound interest rate that would be needed for more accurate calculations...
10 x 1.00029 = 10.0029 Steem Power after 1 Hour
10 x 1.00696 = 10.0696 Steem Power after 1 Day
10 x 1.04872 = 10.4872 Steem Power after 1 Week
10 x 1.20880 = 12.0880 Steem Power after 1 Month
10 x 3.50560 = 35.0560 Steem Power after 1 Year
Again this is just to give you a rough idea as it calculates simple interest rate, the actual numbers should be higher and the reason for that is that the Steam Power you hold increases all the time little by little. So if after the first hour you have 10.0029 the next hour will be earning you 0.029% over that value and not over 10 Steem Power.
Furthermore as you use the steemit website you will be earning extra rewards for your posts and votes and thus your STEEM POWER will grow along with the interest rate you are receiving all the time.