What is the relationship between Steempower and Reputation in Steemit?

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There is no the relationship between Steem power and Reputation in Steemit. Steem power gives you influence on Steem network. On the other hand, reputation implies how much value you provide to the community. 

Steem power or SP can be increased by powering up Steem or getting delegation. If you get upvote from people whose reputation is higher than yours, your reputation score will go up.