Thanks for the advice, but you are not 100% correct ;) Curation rewards are a bit more tricky. There is a chance to get a larger reward by voting earlier. Consider it a form of gambling :)
I think you misunderstood it. Let me explain how I think it works. Yes, it is 15 minutes in post-HF20. And yes, they changed the reward calculation algorithm to account for the case of the author voting for his/her own post during the reverse auction. But it is still a reverse auction, the others still can compete for the reward.
They changed who gets the reverse auction from the author's pocket to back into the pool.
The first few voters get fractions from the voters that follow.
If you vote at zero minutes all that accrues to you from follow on votes goes to the pool.
Not only does that cost you money, but it wastes the other voters' money that follow you.
Either way, it costs the author only those votes from curators that really work curation for every last .001sp.
You got to do what you do, i just hope you let me know how it works out for you.
I rarely vote posts likely to trend, and dont worry about curation rewards.
The greedy whales dominate them, too.
Oh, now I see! Did I accidentally vote way too early, like at zero minutes? I'm sorry, it was not my intention. You are absolutely right, voting before a post is at least a few minutes old is pointless. Thanks again for the hint!
Thanks for the advice, but you are not 100% correct ;) Curation rewards are a bit more tricky. There is a chance to get a larger reward by voting earlier. Consider it a form of gambling :)
https://steemit.com/curation/@miniature-tiger/an-illustrated-guide-to-curation-from-the-simple-to-the-complex-with-real-examples-from-past-posts-part-1
The reverse auction is now 15 minutes with the penalty returned to the pool, rather than the author.
Let me know how that is working for you?
I think you misunderstood it. Let me explain how I think it works. Yes, it is 15 minutes in post-HF20. And yes, they changed the reward calculation algorithm to account for the case of the author voting for his/her own post during the reverse auction. But it is still a reverse auction, the others still can compete for the reward.
They changed who gets the reverse auction from the author's pocket to back into the pool.
The first few voters get fractions from the voters that follow.
If you vote at zero minutes all that accrues to you from follow on votes goes to the pool.
Not only does that cost you money, but it wastes the other voters' money that follow you.
Either way, it costs the author only those votes from curators that really work curation for every last .001sp.
You got to do what you do, i just hope you let me know how it works out for you.
I rarely vote posts likely to trend, and dont worry about curation rewards.
The greedy whales dominate them, too.
Oh, now I see! Did I accidentally vote way too early, like at zero minutes? I'm sorry, it was not my intention. You are absolutely right, voting before a post is at least a few minutes old is pointless. Thanks again for the hint!
No problem,...
I like to remind people since the change is still fairly new.