What is the Shutdown Price for STEEM?

The Shutdown Price for STEEM is the minimal price for STEEM in order for witnesses (steem miners) to be profitable.

Currently, you can run a steem witness node on a 6-CORE, 20GB RAM, 1TB VPS, which you can get about $30/M. And the top 20 steem witnesses get about 10K steems per month. So, the shutdown price for steem is 30/100000=0.003 USD

This is so much lower than Bitcoin or Ethereum because of the consensus algorithm used by STEEM is DPOS (Delegated Proof of Stake). DPOS is more efficient than POS or POW in terms of TPS and the cost of running a node is significant lower.

Steem to the Moon🚀!

• You can swap the STEEM/SBD to ETH Ethereum via steem2eth!
• You can swap the STEEM/SBD to Tether USDT (TRC-20) via steem2usdt!
• You can swap the STEEM/SBD to TRX (TRON) via steem2trx!
• You can swap the STEEM/SBD to BTS (BitShares) via steem2bts!
• Register a free STEEM account at SteemYY!