I noticed in @arcange's daily financial statistics post today that a fair amount of powering up happened yesterday during the price crash.
However, there is also a slowdown in the amount powered up overall. It seems like people aren't powering up or powering down much either way in recent months.
However, that got me thinking, is it that few people are powering up or that small amounts are being powered up? So I did a little SQL and came up with the following charts below, both of which start from the date of the exodus hard fork from Steem.
The first chart shows the number of unique accounts getting powered up every day, along with a 7 day and 30 day moving average. We can clearly see an uptrend which started with the bull market, but even now that we're in the midst of a bear market, we still have nearly as many accounts powering up as ever. Even in the last couple of months of bear market, the 30 day moving average is trending upwards.
The second chart shows the number of power up transactions per day. In terms of transaction count, it was much higher during the bull market. The amount of power up transactions has dropped off, yes become quite consistent in the last few months.
In both charts, we can see the impact of the migration from Steem. 3 months of powering down Steem, selling it for Hive and powering it up.
If you are interested in how it compares with the full history of Steem/Hive, here is the full history chart for number of users powering up
.
Conclusion
The amount of Hive both being powered up and powered down has dropped off in recent months, however more accounts than ever are powering up - just smaller amounts and with fewer transactions.
I'm powering up every Friday!
Certainly im powering up everyday with everything i get from comments and posts...
I guess something these stats don't tell is that a lot of powerdowns may just be people running it in case something happens on the market, then go and power it back up after a while, I know many who do this. Needless to be said also projects like @ocdb only power down to cover delegator's rewards.
Although some things look somewhat ambiguous, the overall conclusion is good, power ups may be being done in small amounts, but come on, it's better than nothing! Union make force.
Always leave a percentage of income to power up is a great idea! I think this is a good opportunity to raise the percentage and do more power up
Are those spikes down to HPUD? I would expect a fair few people save up some $HIVE for those.
Yes, HPUD can be clearly seen in the charts.
I hope to do a bigger power up soon. Just sorting out issues with my fiat > crypto channels. That's always the tricky part.
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Cool statistics