I often make the comparison to Bitcoin mining when it comes to earning rewards on Steemit.
If you look at earning rewards as mining a lot becomes clear.
With Bitcoin, you can basically mine more bitcoin when you add more computer power to the network.
Now, after 9 years of bitcoin mining, you will have to compete with huge mining farms in China as an individual. Impossible.
It's also complex to set up a miner as a normal human being because you need technical knowledge.
This is where the Steem blockchain made a genius move. Instead of mining with computer power, you can mine by creating content.
Anyone can make an account on the blockchain and start mining. It's super simple to start.
Now, if you use this platform as a place to share your stories with others and keep them on the blockchain forever you are done. You found your place. You will build connections and friends here. It happened to me. It will happen to you. And that's cool because we have a great community here.
But it's not simple to mine (get rewards). This is a huge difference with the above.
Why?
Because you need Steempower to mine and at the start, and you don't have any.
So you need to get the attention of people that have steempower to direct their mining effort onto you.
You can create the best content in the world, but if nobody knows it exists, that's a problem.
It takes a lot of effort to get yourself known.
This is the process I call the 'the grind' and it gets harder the older the blockchain gets.
The fact that you can still earn Steem with blogging today should tell you are still early.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS