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RE: Where does the money on your posts come from on Hive?

in OCD5 years ago (edited)

To take the simplest example, if only one account votes on one post in any week, that post would get all of the rewards fund for that week – all 830, 000 Hive, split equally between the post creator and the one account that voted for them.

Not quite. The reward pool is not paid out over a period of 7 days. I don’t know the exact formula, but it’s some kind of moving average

the Hive blockchain ‘prints’ around 27 Million new Hive per year, or 520 000 New Hive per week.

So it’s 65% of that roughly 520,000 Hive or circa 338,000 Hive (rather than 830,000) that get paid out from the rewards pool each week.

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Fair comments, I did qualify the first point by saying it's approximate,

TBH as to the second, I did wonder - but based on @arcange's stats which I quickly triangulated with the highest paid out posts, it seems that the total pay-outs are taken from the rewards pool, which is topped up with that 520K a week, I have no idea why it's so much larger than the inflation allocated to it!

Still a work in progress. Just wanted to get something out for the day!