My response to this would be, when has a $1 SBD ever returned a $2.50 upvote?
From my observations a $5 payment earns about a $7.70 reward, or about a 50% premium on what is paid, not 150% like you used in your example.
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It all depends on the voting power of the bot :)
From my observations that voting power must stay in a pretty similar range, or you guys adjust the percentage accordingly, because in general a $5 SBD payment tends to yield around a $7.70 vote just about every time with only slight variations in either direction.
Which is a solid return for the customer, if they do it right at the 1 minute mark. If they get the vote at the 30 minute mark or later that $7.70 vote loses 25% to curators. So, instead of paying $5 to get $7.70, it becomes paying $5 to get $5.80. Which is a pretty slim profit margin for the customer.
Then if the price of steem goes down at all over the next 7 days, fooogetaboutit
Well, demand was so high the last days that were were constantly at 57% and sold out. But with our now lowered limits, the voting power is rising. And do you factor in the refund we give you?
No, but the refund is pennies. I saw refunds on $10 sbd payments of pennies, and that is about it.
Regardless, the numbers I posted still are in the ballpark of what one should expect to receive using your service.
You sure that it is pennies? I have to tell you sadly, that is not always the case. Steem is really hitting us with the rounding lately...
This second a vote that give 7.7 SBD and 70 cents refunds, meaning 5 SBD got that users $9.30 in upvote, not bad imo
Yes, and with the price of steem falling, it is making things more difficult as well. If the price of steem were to go up, you could distribute the same dollar mount of rewards while using less voting power.
Which means.... we need to get that price of steem up! ;)
Also not taken into account here is the price of steem. As steem falls, it takes a higher percentage vote to achieve the same dollar amount. When the prices were slightly higher it used less of your voting power to yield the same rewards. As prices have been falling down under a dollar as of late, it means you guys have had to up the voting power percentage to keep rewards similar.
Exactly. That is something we have to account for. But nothing we can prevent.
Haha We are trying ;)
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Your profile picture is not uploaded. If you want to upload profile picture then see my post https://steemit.com/steemit/@tusharvasave/how-to-set-and-upload-profile-picture-and-cover-image-on-steemit
resteem this post and follow, upvote me to reach more people to this post. This post is helpful for new steemit member. Thanks.