To answer your questions:
- The (+14.355 steem) is a delegated amount of SP that steemit gives all of the new accounts to help them get started.
- Powering down converts your SP into STEEM. The process will take 13 weeks and pay you out in 13 equal payments.
- SP is the amount of STEEM you have powered up. Voting power is positively correlated with the amount of SP you have. The more SP you have the more your votes are worth.
The 0.893 is the amount you have in SBD (Steem Dollars). To calculate the USD value, multiply 0.893 by the market value of SBD, which is currently trading around $6, equaling $5.37.
Steem is the crypto that is listed on other exchanges and can be easily converted into other cryptos like BTC and ETH. SP is only valuable within the Steemit platform, increasing your voting power. By powering up, you are essentially investing in Steem at least for the next 13 weeks, since it takes that amount of time to power down back in to Steem.
Hope this helps!
Thanks that helped a ton and answered many of my questions. So if I power down and convert my Steem Power to Steem does that have any impact on my ranking? Also does Steem Power have anything to do with my likely my post is to be seen in the posting feeds?
Last question if I power down my account and then after the 13 weeks decided to power up again does it convert all of my Steem back into Steem Power or does my Steem Power start at 0 again?
Rep score is a whole different story. I don't think powering down will effect your rep score, but don't quote me on that.
If you decide to power down you entire account, after 13 weeks your STEEM power will be at 0, assuming you do not earn any more STEEM during the power down period. When you power up, STEEM is instantly converted into SP.
So does having a higher steem power make my ranking go up more or faster? Also does having more SP make my content rank higher and show above others with lower Steem Power?
Having more SP will increase your voting power. The fastest way to get your rep score higher is to interact with users with higher rep scores than you. If the higher rep score users upvote your content, your score will rise.
Having more SP will not outrank your content over someone with less SP. With more SP, you could however upvote your own content, which would then rank higher than a fresh new post with no upvotes.
I would recommend that you use steemworld.org/@YOURUSERNAME to track your actions and how it affects your rep score.
Thanks I appreciate the info. I'm still learning how the site works.
Thank you. That cleared it for me.
Also do you have any idea what the savings section is for?
Haven't looked too much into that. But you can put you STEEM in there, acts at a savings account and could potentially earn interest. I'm sure there's stipulations on how long you have to hold your funds in there before being able to move them.