Get paid to post articles and social media with Steemit

I actually just started using SteemIt, and although I have no idea about how cryptocurrency works or even how to convert it to cash, I know there are lots of people making a tremendous amount of money on this new network.

In short, from what I can gather, you write articles and depending on the amount of "upvotes" your article gets, it makes "Steem," which is a type of cryptocurrency similar to bitcoin.

You can also earn money just for upvoting and leaving comments on articles that have already been posted.

They offer a whitepaper that you can read that explains in detail how the site works and how you can choose to use your "Steem." I think right now it's best to keep it invested in the site because this is a new form of cryptocurrency, and if it's anything like bitcoin, in a couple of years the value should increase big time.

Anyway, I wrote on unique article that was about 400 words and included a video from YouTube that related to the article. Actually, the idea to write the article came from watching the video. I elaborated on the video and added in my own commentary and some other research that I did.

The point being is that it took me about 20 minutes to put the article together. I checked it out 24 hours later, and was surprised to see that I had made $24 from that one little article and it had gotten 100 upvotes.. The screen shot is below:



I have also been commneting on posts and upvoting articles and have made a little money from my efforts called "curation rewards."

Anyway, like I said, I'm not sure what everything means at this point, but from what I gather my account is worth about $20 right now and I have hardly done any work.



If you were to write an article a day on here you can clean up.

I have seen some articles become worth upwards of $500 or $600 in just an hour or two after posting. I've even seen some articles that are worth more than $1000!

I plan to take the time to read the whitepaper today and really dive into this.

If you like to produce unique content, then this could be a great opportunity for you.

It seems to be a hell of a lot more profitable than blogging.

Thanks Jason. Always good for the Forum to add some more (seemingly) legit ways to make some extra money. Lots of people who frequent our Forums are from places where a few US dollars really go a long way

can you repost on steemit.com

or does it have to be original content?

Thanks
Ike Paz

Guys, I made $47.50 overnight with a single, hilarious post about Robert DeNiro roasting Donald Trump.
This morning, I logged in only to see potential revenue $47.50, 13 hours from now.
What does that mean? Will I get the money credited to my account in 13 hours from now? If that so, that would be awesome, the first page to ever make $47 overnight.

From what i read on this page the process to convert this Steem $ is quite complicated.

First you have to sign up on a digital currency exchange platform.
Then you need to deposit Steem $ into the account and exchange them (exchange rate?!?!).
Then you need to look and find somebody interested in exchanging Steem $ into Bitcoins (are there many people willing to do that?).

Also from what i read the exchange rate is extremely volatile and it changes a lot.

I have some doubts about the sustainability of this business. I won't hold to Steem $ if i could change them into something else..

It seems very complicated to withdraw to $$$. Does anyone has a successful business on this?

"Money" that isn't money and may never be, is worthless.

I think I will create a cryptocurrency and pay people generously to create content for my site.

I will pay 1000 BrentBucks for every 100 words.

Come one, come all!

The idea of sharing the financial windfall of a social network with the members of it is solid.

I think the site has a shot but its going to have to do a whole lot better - none of the stories on the front page hold me and seem like a hodge podge of just about any and everything. the problem with that is the so called $ (which denotes a real currency which this isn't really yet) will only be worth something if the site gains traction from the wider internet - not just people writing to see what cash they can make.

OF course I expect standards will rise as they gain traction ( accept anything at the beginning) but its iffy it ever will - but then all early adoptions are iffy.

what is this, why making money should be soooo complicated?

why cant we just use a software and click on a button and start making money?

This is getting ridiculous.

Despite the fact, I haven't taken the time to fully research the site yet, I am definitely planning to keep a close eye on it. Hell, I write tons of content that I've never published anywhere online, so to me, this could serve as a plausible option to turn those writings into future cash.

One of the first sites I ever attempted to make money on was Helium. They supplied the titles and you submitted your articles, which were then voted on by other members/writers. The more exposure your articles received the greater your potential earnings were.

One thing I frowned on with Helium was that you surrendered your copyright to your work upon submitting the article. I later learned (green as I was back then) the sites entire revenue metric was largely generated from AdSense links, whereby, Helium gave the writer a small percentage of the small percentage each article generated. (*So the money sucked!)

They eventually changed their TOS, making it mandatory all writers were required to "vote" on other writer's articles, and if you refused (to read and vote on a certain number of articles weekly/monthly) you forfeited your earnings.

Over time, I made a whopping $13.75 diddle-farting around, but, the minimum payout threshold was $25 so, I NEVER really made a dime, lol. I still consider it the first site I ever made money with my writing online. I found WF and stopped writing on Helium altogether, and started learning other methods.

As far as this new cryptocurrency goes, I am genuinely curious to determine; "What is the true value after exchanging 'crypto' into bitcoins and then into cold hard currency or US dollars?" - understanding the market value fluates and all, but just ballpark... like is a crypto-dollar worth .10 cents? or .75 cents?

I think I'll give it a shot, after all, I've been known to crank out thousands of words just for shits and giggles... might as well give a try. Sounds pretty cool, especially, if they are serious about sharing their revenue with their contributors.

I have always maintained you don't "earn" anything from a site or a service until that money is cash in your bank acct.

The Steemit site has excellent explanations and tutorials so learning to use the features should be easy. I don't believe "potential payment" is the same as "we owe you this amount in cash"...but maybe so.

You have to convert Steem to Steem Dollars and then convert into BitCoin and then convert into 'real' cash....and there are transaction fees and currency conversions along the way. Today one SteemDollar is worth about thirty cents USD.

My question was where the real money comes from to pay out those who aren't willing to "reinvest in Steem" and it seems "a cashout" is "a loan on the Steemit collateral". Although the "steem and steem dollars" are awarded on the site quickly....I noted several references to "monthly cashouts" but didn't look further into that.

For anyone interested - seems like this is the perfect time to give Steemit a try. It could be fun to do - but I wouldn't plan on paying next month's mortgage with the profits.

That's the thing - some people will never believe you until they prove it to themselves.

At least with Steemit, people aren't 'investing' (i.e., spending) money to give it a try. No harm, no foul.

Interesting but seems complicated. Besides the OP makes it look like an "easy money"

@anayb thanks for speaking up!

Another observation made on the site that should warn people:
"Upon first glance of Steemit, I noticed the profiles that were earning money were typically earning thousands, and often had post after post with hundreds of dollars of tallied revenue on hand, while other accounts had nearly as many if not more posts of the same quality, yet they had almost no revenue at all. One has to wonder if some of these profiles are merely sock puppet accounts formed to create the illusion of easy money. It all just sounds way too good to be true."
Source: https://medium.com/strategic-social-...f1a#.eij38dyya

I have to say I'm really flabbergasted by the sheer amount of people who have been posting some really outrageous things in this thread.

I mean, it makes me laugh.

Thousands of affiliates will jump on board and start promoting some garbage product just because it comes from a really "popular" marketer and they will then collectively sell thousands of that product to the "little guy" who can't wait to fork over $37 because the product promises them they will make thousands in the next 72 hours.

Then all those people who bought the product will figure out it's all hype and get all upset because they dropped their hard earned money on it. Many of them will even jump on the "you can't make money online" bandwagon after because they bought one bad product that didn't work for them.

Now along comes SteemIt, which is making money for a ton of people who NEVER made a dime online before, and oh BTW, they are not asking for ANY of your money, and all of sudden people come out of the woodwork to call it a scam and say "it's too good to be true."

Now if that's not irony I don't know what is.

Furthermore, what's even more unbelievable, is the same people who are trashing it have not even taken the time to try it, but you can bet they'll be lined up to fork up another $37 for the next "miracle push button software."

You know what I think?

SteemIt requires you to create content, which is actual WORK, so that alone is enough to scare away 75% of the "make money online" crowd.

Oh, and I love the fact that people don't this thread has any value, as if these are better:

"PayPal Problem"

"If you had $50..."

"Need Help"

"How do you make a forum signature on WF?"

LOL. COME ON!

Look, I'm not claiming SteemIt is the next big thing, or even that it's going to last.

I can remember when MySpace was huge and a site called Facebook popped up and people said that would never work, either.

I can also remember when people said cryptocurrency like BitCoin would never be worth anything.

Well, as of right now, ONE BitCoin is equal to $637.65 US dollars. So how did that work out? I bet the people who were open-minded enough to buy up a ton of BitCoin for about $.07 each in 2010 are pretty happy today that they took a chance.

All I'm saying is that Rome wasn't built in a day. Nobody knows what the people who built SteemIt have in mind. Just yesterday they did a bunch of updates that require phone verification so people cannot easily open fake accounts. They are evolving every day.

And here's the thing- What does it cost you to give it a try? NOTHING. So you have to create some content and that takes a little time and effort. SO WHAT? Make backups of the content and if the site crashes you still have the content you created. You've lost nothing.

My point is that right now, you have NOTHING to lose and EVERYTHING to gain by giving it a shot.

Unless, of course, you would rather wait for the next miracle push button software to come out and make you a million dollars overnight.

If you don't mind one more post let me know how it goes when you cash out. I know you said it was easy, but I'm curious about the rate of exchange and the actual ease.

Thanks for the information,

Rick

I'm with Sid on this - it's an interesting concept but I won't spend time on it. However, I am curious to see how people do with it over time. It's still in beta, isn't it?

The big question for me is where the money will come from for payouts. It will be a balancing act for a while if many contributors opt to be "paid" rather than to leave their 'earnings' as investments in the digital currency. Theoretically, there might be payouts made from the money some will use to BUY the Steem. That seems risky, though, because paying out by using money invested could be view as a digital ponzi scheme??? Just looking at it critically - perhaps the site has the funding to carry payouts - don't know.

I have seen several people here and elsewhere state "people are cashing out thousands" - but can't find a single post anywhere by someone who HAS cashed out significant amounts. I'm sure you can cash out - but wonder what the various exchange fees would be by the time you got the money.

The above sounds negative - but I do think this is an interesting concept. If the concept is solid, asking the hard questions or being a bit skeptical...won't hurt Steemit at all.

I can never understand why people get so touchy
when people don't believe others when they post these income claims.
If I was earning a tidy sum from something but nobody believed me, so what?
I'd not bother trying to convince anyone and just carry on earning with a smirk on my face.
Makes me wonder if it's really themselves they're trying to convince.

Agreed.

Sometimes the "touchyness" convinces would-be posters interested in the topic to not even ask questions or offer a differing opinion for fear of being shamed or castigated simply because they want to learn something.

Steve

As I mentioned, Steemit says "payouts are loans on Steemit collateral"...and that is where I stopped and went "Huh?" If the collateral is cash on hand, investor funds, etc - that could work until the currency is profitable. If the 'collateral' is the Steem currency they are printing...could be wall hit at some point, couldn't there?

Many of these sites operate at a loss initially but at some point there has to be enough revenue to balance payouts and profit.

BUT - then we look at Twitter - with stock worth less every day because there doesn't seem to be a way to earn profit with the site, popular as it is.

Short Sellers Miss Payout From Twitter Stock Tumble - WSJ

...and then there's China's version of Twitter

China

Steemit seems to be the "next thing" - combining digital currency with social media???

I've been on Steemit since the first part of August. There are three parts to their financial structure. STEEM is traded on some of the bitcoin markets and has gone up as high as $4US per STEEM which drove many of the rewards for upvoting on the site up.

You can purchase STEEM and powerup to Steem Power (SP)

STEEM Can be traded or used to Powerup to SP. SP is what grows your position on the site and improves your standing as it is an investment in the site. SP can be "Powered Down" which is like cashing out but to stop people from being able to pump up the value and then jump out, powering down takes 2 years in 104 equal payments. You receive 10% APR on SP that you hold paid monthly

Some of the early adopters did this and are drawing out a regular 'wage' each week until they are fully powered down.

The Steem Backed Dollars SBD are roughly pegged to the US dollar. Right now they are trading at about 93cents on the US dollar. You can hold the dollars, convert to STEEM or convert them to Bitcoin through an exchange or hold Bitcoin in a wallet.

I'd never encountered cryptocurrency until I stumbled across Steemit. I spent some time watching what was going on with the site before doing any posting. Many of my posts have earned very small amounts, a couple have earned a good return.

The payout on the post is distributed to STEEM, SP and SBD in proportions determined by the current marketcap of the site. Most people don't really have to get into the mechanics of the site in order to use it.

While the taxonomoy on there is currently all over the board, there are curation steps being taken by members of the community to build communities around major tags/categories.

The site is in beta and still under development. It's built on the blockchain which is the technology underpinning Bitcoin.

I've earned about $200SBD .. moved some of it to SP and currently have about $160US sitting in a Bitcoin wallet at an exchange where I can move it to my bank account when I'm ready. Until I have to move it, I'm waiting and watching the bitcoin markets to see if it will gain some value before I make the move.

STEEM is trading at about 25cents per STEEM right now so post rewards are down right now. SO, I consider myself as building for the future more than worrying about making funds now.

Well this is the only place I can write on to complain about the fact that Steemit isn't running their business very well & I've actually been advertising their site to one of my FB groups.

I tried to join up on 08-06-17 & yes I'm overseas right now, but so what. It's now the 12th & STILL no sign of me being approved.

And on their blog area I see that even 3 months ago people were complaining that friends of theirs are also not being approved.

Not only that, but I even messaged them on FB & NO response there either.

Then I realized that I must have tried to sign up in January 2017 & they never approved me then either.

Not happy : (

@Regional Warrior,

Can Indian Blogger write article for steemit.com? or is it restricted to area specific!